Rating Index

Pros

Low minimum deposit requirement of $1, making it accessible for beginners.

Offers a wide range of trading instruments, including over 50 forex pairs, spot metals, indices, and cryptocurrencies.

Provides access to the popular MT4 trading platform, which includes advanced charting tools and automated trading options.

Cons

No valid regulatory oversight, raising concerns about the safety of funds and overall trustworthiness.

Limited customer support options, with no direct contact methods available, making it difficult for traders to get assistance.

High leverage of up to 1000:1 can lead to significant risks, especially for inexperienced traders, potentially resulting in large losses.

BS Trading broker Accounts

BS Trading Account Type

BS Trading offers a single account type known as the Standard Account, which is designed to cater to various trading needs. The key features of this account include:

Minimum Deposit: $1 USD, making it accessible for beginners.
Leverage: Up to 1:1000, providing significant trading power.
Spread: Starting from 0.3 pips, which is competitive in the market.
Trading Platform: MetaTrader 4, known for its robust features and user-friendly interface.
Minimum Trade Size: 0.01 lots, allowing for micro trading.
Maximum Number of Open Positions: Up to 500, offering flexibility in trading strategies.
Commission: Not clearly stated, which is a notable downside.

BS Trading Broker Account Opening Process

Opening an account with BS Trading involves a straightforward process:

Choose the Account Type: Select the Standard Account to begin trading.
Fill Out the Application: Visit the BS Trading website and complete the online account application form.
Submit Required Documents: Provide KYC documents, including a valid ID (like a passport or driver's license), proof of address (such as a utility bill), and a bank account statement.
Complete Verification: Complete the eKYC process, which may include an in-person verification (IPV) if required.
Link Your Bank Account: Ensure your bank account is linked to facilitate deposits and withdrawals.
Activate Your Account: Once your application is reviewed and approved, you will receive your account login credentials, allowing you to access the trading platform.

This simple process allows traders to start their trading journey with minimal initial investment and access to a wide range of trading instruments.