Do you want to trade on Bid-IV FX? Before you do that, kindly read to know about this broker bidiv.com.
This article promises to share helpful review to support clients/traders in making the right decision.
Bid-IV FX is an offshore brokerage company with a lot of promises for traders. Here, the broker claimed it is registered at Mannsdorf, Wiener Strasse 42. It also claimed licenses from authorities such as the Security and Investment Commission of Australia (ASIC), the Maltese State Regulator and the State regulator of Belize. This, you will know if true or false.
What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Further, traders are offered different account types such as Beginner $1000, Amateur $25,000 and Expert $50,000.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Deposit and Withdrawal
Bid-IV Minimum Deposit:
Bid-IV minimum deposit is indicated $1000. One of the indicators of genuine FX brokers is that Minimum deposit is made known to traders to start trading with a minimum deposit of $100 or less.
As for the payment methods, there are no deposit options listed on the website.
One indicator that is known with offshore brokers is the use of crypto currencies. Sadly, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Bid-IV FX leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Bid-IV FX offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious. Many scammers have trading software to fool their victims that their money is being invested.
Leverage can be set up to 1:100. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why bidiv.com Is A Suspicious Broker
First of, bidiv.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities. The broker has listed different financial authorities such as the Security and Investment Commission of Australia (ASIC), the Maltese State Regulator and the State regulator of Belize. Unfortunately, neither of these financial authorities recognizes Bid-IV.
On our search, Bid-IV has an official warning by the official regulator of Belgium – the Financial Services and Markets Authority (FSMA). Clients/ traders are warned to avoid this new trading platforms like Bid-IV.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Bid-IV Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Bid-IV FX located at bidiv.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Last Updated on December 6, 2022 by admin