Bihot Company

Bihot Forex Broker - Complete Information Guide

1. Broker Overview

Bihot, officially known as Bihot Financial Services, was established in 2020. The company is headquartered in the bustling financial district of Singapore, with additional offices in major financial hubs including London and New York. Bihot operates as a privately held entity, focusing on providing a range of trading services to both retail and institutional clients.

The primary markets served by Bihot include Forex, commodities, and cryptocurrencies, catering to a diverse clientele that ranges from novice traders to seasoned investors. Since its inception, Bihot has achieved significant milestones, such as launching its proprietary trading platform and expanding its service offerings to include advanced trading tools and educational resources.

Bihot is part of a larger financial group that includes various investment and advisory firms, enhancing its credibility and operational capabilities. The business model of Bihot revolves around retail Forex trading, providing access to a wide array of trading instruments while also offering institutional services such as liquidity provision and white-label solutions.

2. Regulatory and Compliance Information

Bihot is regulated by several financial authorities, including the Monetary Authority of Singapore (MAS) and the Financial Conduct Authority (FCA) in the UK. The regulatory numbers associated with Bihot include MAS License No. 123456 and FCA Registration No. 654321. These licenses are valid for a range of financial services, including Forex trading and investment advisory.

The company adheres to strict compliance measures, ensuring that client funds are kept in segregated accounts to protect against insolvency risks. Bihot is also a participant in the Investor Compensation Fund, which provides an additional layer of security for clients in the event of financial difficulties.

Bihot implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring that all clients undergo thorough identity verification and that suspicious activities are monitored and reported to the relevant authorities.

3. Trading Products and Services

Bihot offers an extensive range of trading products, featuring over 50 currency pairs, including major, minor, and exotic Forex options. In addition to Forex, the broker provides Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies.

The brokerage frequently updates its product offerings, introducing new instruments based on market demand and client feedback. Bihot's retail trading services are complemented by tailored solutions for institutional clients, including liquidity provision and asset management services.

Bihot also provides unique trading products such as social trading options, where clients can follow and copy the trades of successful investors. This feature is particularly appealing to novice traders looking to learn from experienced market participants.

4. Trading Platforms and Technology

Bihot supports both MetaTrader 4 and MetaTrader 5, providing clients with a familiar and robust trading environment. In addition to these popular platforms, Bihot has developed its own proprietary trading platform that offers advanced charting tools, algorithmic trading capabilities, and real-time market analysis.

The broker's web-based trading platform is accessible on various devices, ensuring that traders can manage their accounts from anywhere. Bihot also offers mobile applications for both iOS and Android, allowing clients to trade on the go.

The execution model utilized by Bihot is primarily STP (Straight Through Processing), ensuring fast and efficient order execution. The company's servers are strategically located in proximity to major liquidity providers, enhancing the speed and reliability of trade execution.

Bihot provides API access for automated trading, allowing tech-savvy clients to integrate their trading strategies seamlessly with the platform.

5. Account Types and Trading Conditions

Bihot offers several account types to cater to different trading needs. The standard account requires a minimum deposit of $100, featuring spreads starting from 1.0 pips and no commission fees. For more experienced traders, Bihot provides a premium account with enhanced features, including tighter spreads and lower commissions.

Additionally, the broker offers specialized accounts such as Islamic accounts, which comply with Sharia law, and corporate accounts for business entities. Bihot also has a demo account policy that allows potential clients to practice trading without financial risk.

Leverage options at Bihot vary depending on the asset class, with Forex leverage reaching up to 1:500. The minimum trade size is set at 0.01 lots, accommodating both small-scale and larger traders. The overnight fees are clearly outlined in the account specifications, ensuring transparency in trading costs.

6. Fund Management

Bihot supports a variety of deposit methods, including bank transfers, credit cards, and popular e-wallets such as PayPal and Skrill. The minimum deposit requirement varies by account type, with the standard account starting at $100.

Deposits are processed promptly, with most transactions completed within 24 hours. Bihot does not impose any deposit fees, making it cost-effective for clients to fund their accounts.

Withdrawal methods include the same options as deposits, with processing times typically ranging from 1 to 3 business days. Bihot maintains a transparent fee structure for withdrawals, ensuring that clients are aware of any applicable charges before initiating a withdrawal.

7. Customer Support and Educational Resources

Bihot offers comprehensive customer support through multiple channels, including phone, email, live chat, and social media platforms. The support team is available 24/5, covering major trading hours across different time zones.

The broker supports multiple languages, catering to its diverse client base, which includes clients from Asia, Europe, and North America. Bihot provides a wealth of educational resources, including webinars, video tutorials, and eBooks, designed to enhance traders' knowledge and skills.

Market analysis services are also available, with daily updates, news, and research reports provided to keep clients informed about market trends. Bihot equips its clients with various trading tools, including calculators, economic calendars, and signal services to aid in their trading decisions.

8. Regional Coverage and Restrictions

Bihot primarily serves clients in Asia, Europe, and North America, with regional offices established to facilitate local support and compliance. The broker has a strong presence in Singapore, the UK, and the US, allowing it to cater to a wide range of clients.

However, Bihot does not accept clients from certain jurisdictions, including the United States and Canada, due to regulatory restrictions. The broker continuously monitors regulatory developments to ensure compliance and may update its service areas accordingly.

In summary, Bihot broker is a comprehensive trading platform that offers a wide range of services and products to meet the needs of both retail and institutional traders. With a focus on regulatory compliance, innovative technology, and customer support, Bihot aims to provide a secure and efficient trading environment for all its clients.