Score
BRFX
Saint Vincent and the Grenadines|5-10 years| https://brfxtrade.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 2037692091
+41 315281374
+47 21930561
+45 89874085
Other ways of contact
Broker Information
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BRFXtrade
BRFX
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | $250 - $999 |
| Minimum Spread | -- |
| Products | Currencies Commodities Stocks Indices Cryptocurrencies |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $1,000 - $24,999 |
| Minimum Spread | -- |
| Products | Currencies Commodities Stocks Indices Cryptocurrencies |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | $25,000 - $99,999 |
| Minimum Spread | 1.9 |
| Products | Currencies Commodities Stocks Indices Cryptocurrencies |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | Above $100,000 |
| Minimum Spread | 1.5 |
| Products | Currencies Commodities Stocks Indices Cryptocurrencies |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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BRFX · Company Summary
General Information
BRFX is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with flexible leverage up to 1:400, variable spreads, and a variety of tradable assets with four different account types and the worlds most popular MetaTrader5 trading platform.
Market Instruments
BRFX advertises that it mainly offers five different classes of trading instruments in financial markets, including currencies, commodities, stocks, indices and cryptocurrencies.
Account Types
There are four live trading accounts offered by BRFX, namely Standard, Silver, Gold and Platinum. Opening a Standard account requires the minimum initial deposit amount of $250, while the other three account types with the minimum initial capital requirements of $1,000, $25,000 and $100,000+ respectively.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can experience the leverage of 1:100, the Silver account can experience the leverage of up to 1:200, while the Gold account can enjoy the maximum leverage as high as 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
Spreads are influenced by what type of accounts traders are holding. BRFX reveals the clients on the Standard or Silver account can experience Standard spreads, while the Gold account with a minimum spread of 1.9 pips and the Platinum account with spreads from 1.5 pips.
Trading Platform Available
When it comes to trading platforms available,BRFX gives traders the worlds most widely-used MetaTrader5 platform, available for desktop, the web and mobile devices. MT5 is known as one of the most successful, efficient, and competent forex trading software. While with the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.
Bonus & Fees
BRFX claims to offer a welcome bonus ranging from 30% to 100% to all clients who deposit more than $500. If clients want to withdraw potential profits from bonus funds, however, they have to trade 20 lots per $100 of the bonus. As for fees, if there has been no trading activity in the clients account, the broker will charge an inactivity fee of 25% of the deposit amount.
Customer Support
BRFXs customer support can be reached by telephone: +442037692091, email: support@brfxtrade.com. Besides, you can also follow this broker on some social media platforms like Facebook. Company address: Suite 305 Griffith corporate centre PO Box 1510 Beachmont Kingstown, St. Vincent and the Grenadines.
News
NewsScam Alert: Avoid Dealing with BRFX Trade
The forex market is a high-risk endeavor for anyone who invests. But that's no excuse for being careless.
WikiFXExposureWikiFX Broker Review: Do Not Sign Up With Unregulated Brokers Like BRFX Trade
Any Forex investor takes a risk. There is no reason to be careless. Losing money to scam brokers means losing hard-earned cash. Be careful to avoid this. In this part, we'll look at how dishonest brokers, like BRFX Trade, cheat clients and what you can do to avoid becoming a victim.
WikiFXReview
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