Rating Index

Pros

Established for a long time, which may provide some level of credibility.

Offers a variety of trading instruments, including currency pairs, futures, and CFDs.

Low minimum deposit requirement of $5, making it accessible for beginner traders.

Cons

Currently lacks valid regulatory oversight, with licenses revoked and unauthorized status noted.

Official website is unavailable, raising concerns about the broker's operational status.

Reports of withdrawal difficulties and potential scams from users, indicating high risk.

BFS broker Accounts

BFS Account Types

BFS offers a variety of trading account types tailored to meet the needs of different traders. The account types include:

Micro Account

Minimum Deposit: $5
Target Audience: Beginner and small deposit traders
Leverage: Up to 1:1000
Spreads: Average spreads starting from 2 pips
Commission: N/A

Standard Account

Minimum Deposit: $100
Target Audience: Novice and experienced traders
Leverage: Up to 1:1000
Spreads: Average spreads starting from 2 pips
Commission: N/A

Premium Account

Minimum Deposit: $10,000
Target Audience: Experienced and high-capacity traders
Leverage: Up to 1:1000
Spreads: Average spreads starting from 2 pips
Commission: N/A

STP Account

Minimum Deposit: $10,000
Target Audience: Traders seeking STP execution
Leverage: Up to 1:1000
Spreads: Average spreads starting from 2 pips
Commission: N/A

Note: BFS currently lacks valid regulation, making it crucial for traders to assess the risks involved before opening an account.

BFS Broker Account Opening Process

Opening an account with BFS is a straightforward process. Follow these steps to get started:

Visit the Website: Go to the BFS official website (currently inaccessible).
Choose Account Type: Select the preferred account type based on your trading experience and investment level.
Fill Out Registration Form: Provide personal information such as full name, email address, and contact number.
Submit Documentation: Prepare to submit identification documents for verification.
Deposit Funds: Fund your account with the minimum deposit required for your chosen account type.
Start Trading: Once your account is set up and funded, you can begin trading on the platform.

Important: Ensure to verify the legitimacy and regulation status of BFS before proceeding with the account opening process, as their regulatory status is currently abnormal.