BidMarkets

Note: BidMarkets is to operate via the website - https://bidmarkets.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

BidMarkets, a trading name of Bidmarkets Ltd & Dit Markets Ltd, is allegedly a financial service company registered in the United Kingdom that claims to provide its clients with leverage up to 1:400 and floating spreads from 1 pip.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, trading platforms, etc.

As for regulation, it has been verified that BidMarkets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.

Account Types

BidMarkets only offers one account type - Standard, with an initial deposit of $300. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage provided by BidMarkets is capped at 1:400. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

BidMarkets claims that the spread is only 1 pip, while the industry average is 1.5 pips.

Deposit & Withdrawal

BidMarkets appears to accept bank transfers, cash payments and credit/debit cards as payment methods, as well as some well-known e-wallets such as Neteller and Skrill. The minimum initial deposit requirement is said to be $300.

Customer Support

BidMarkets‘ customer support can be reached by telephone: 44 (0) 2045771076, email: soporte@bidmarkets.com. You can also follow this broker on social networks such as Facebook. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Frequently Asked Questions (FAQs)