Score
BAQuote
Marshall Islands|2-5 years| https://baquote.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Marshall Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Company Summary
General Information & Regulation
BAQuote says to be a trading name of BAQuote Ltd. – an offshore company based on the Marshall Islands. As a matter of fact the local authorities on the Marshall Islands simply do not pay attention to the forex industry, so any broker registered there, does not have a legit forex license and does not have to report to anyone.
Market Instruments
Tradable financial instruments available on the BAQuote platform include currency pairs, commodities, indices, metals, shares.
Minimum Deposit
When it comes to minimum initial deposit, BAQuote requires traders to deposit at least $50 to start trading. Although this is the reasonable amount, given the fact that this broker is an unregulated broker, trader should stay away from it.
Leverage
BAQuote offers the high trading leverage, reaching up to 1:500. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
In terms of spread and commissions, BAQuote does not make this part clear. Legit brokers would clearly displays their trading conditions, while unregulated brokers tend to hide them to scam traders.
Trading Platform Available
When it comes to trading platform available, what BAQuote offers is the widely recognized and famous MT5 trading platform.
Deposit & Withdrawal
There is no payment methods related information mentioned on the BAQuote official website. Most brokers would support some common funding options like Wire transfer, Visa, MasterCard, as well as e-wallets methods including Skrill and Neteller.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 13
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Review 13
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FX8827548372
Vietnam
Can't accept it
Exposure
2021-05-14
FX1514516122
Germany
This is a complicated scam. I've been warned before, but I still lost money because of my greedy
Exposure
2021-05-08
FX1336990942
Vietnam
This is a broker with slippage, making u unable to profit.
Exposure
2021-04-09
FX3333906858
Vietnam
Make your positions wiped out and can't withdraw bonus
Exposure
2021-03-09
FX1827031428
Vietnam
Keep ask customers to add more money in the platform. And induce customers to invest by high bonus
Exposure
2021-02-04
Vũ Văn Tùng9047
South Korea
Wipe out your positions
Exposure
2021-01-29
FX1663419174
Vietnam
The slippage is so large here, making you can't profit/
Exposure
2021-01-28
FX1781439934
Vietnam
I can't withdraw funds except that I traded enough amount of stocks and XAU/USD. My applications for withdrawals were refused. And the slippage is up to 7.61 pips
Exposure
2021-01-13
Lê Trung Kiên
Vietnam
I can’t withdraw the bonus. This is a scam
Exposure
2020-12-23
Lê Trung Kiên
Vietnam
This is a fraud platform.
Exposure
2020-12-23
FX2562659335
Vietnam
There is severe slippage which will influence your orders. They wanna embezzle customers' money
Exposure
2020-12-22
FX2263986855
Vietnam
When you wanna withdraw, there are so many reaons to prevent you, such as verification and enough trading volume
Exposure
2020-11-04
FX4055720837
Vietnam
Scam
Exposure
2020-10-31