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Babel FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.babilfx.com, about the company's legal and temporary regulatory information, the company's address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH969660, Marshall Islands.

Babel FX Forex Broker

Basic Information

Registered Region
Marshall Islands
Operating Period
--
Company Name
Babil Financial Investment Ltd
Abbreviation
Babel FX
Company employee
--
Customer Service Email Address
info@babilfx.com
Company Website
Company address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH969660, Marshall Islands
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Registered Country/Area Marshall Islands Founded Year 2-5 years Company Name Babil Financial Investment Ltd Regulation Unregulated Minimum Deposit $250 Maximum Leverage Up to 100 times Spreads Starting from 0.1 pips on major currency pairs Trading Platforms MetaTrader 5 Tradable Assets Foreign currency pairs, Gold, Silver, Energy contracts, Stock indices, Agricultural commodities Account Types Demo Account, eal Account Demo Account Available for practicing Islamic Account Not mentioned Customer Support Email (info@babilfx.com), Phone (00902124443699), Physical address in Istanbul, Turkey Payment Methods Not specified Educational Tools Not mentioned Overview of Babel FX Babel FX, operated by Babil Financial Investment Ltd in the Marshall Islands, offers trading services in various financial instruments, including foreign currency pairs, gold, silver, energy contracts, stock indices, and agricultural commodities. They provide two account types: a demo account for practicing trading without real funds and a real trading account that offers access to global markets with consistent technical support. The platform, MetaTrader 5, supports technical and fundamental analysis, algorithmic trading, and mobile accessibility for trading on smartphones. Babel FX allows traders to leverage their positions up to a maximum of 100 times, and they offer spreads starting from 0.1 pips on major currency pairs. The minimum deposit required to open an account is $250, and deposit and withdrawal methods are available, although specific details are not provided. While Babel FX provides customer support through email and phone, information regarding support availability hours is not included. It's important to note that Babel FX operates without recognized regulatory oversight, so potential clients should exercise caution when considering its services. Pros and Cons Babel FX presents several advantages, including a diverse range of trading products and the availability of both demo and real trading accounts, along with the utilization of the MetaTrader 5 platform for advanced trading. Additionally, the broker offers low spreads on major currency pairs and multiple customer support channels. However, it operates without recognized regulatory oversight, allowing for high leverage that can amplify losses, and lacks comprehensive information on commissions, support availability, and withdrawal procedures. Furthermore, Babel FX offers a limited selection of account types. Pros Cons Offers a variety of trading products. Operates without recognized regulatory oversight. Provides both demo and real trading accounts. High leverage can amplify losses. Utilizes the MetaTrader 5 platform. Lack of information on commissions. Low spreads, starting from 0.1 pips on major currency pairs. Limited information on support availability. Requires a minimum deposit of $250. Lack of detailed withdrawal procedures. Offers multiple customer support channels. Limited types of account Is Babel FX Legit? Babel FX operates without any recognized regulatory oversight at present. Potential clients should exercise caution and consider the inherent risks associated with trading through an unregulated broker. Market Instruments Babel FX offers a range of trading products, including: FOREIGN CURRENCY: Trade over 60 foreign currency pairs against the US dollar or other currencies, including the Russian ruble, Turkish lira, and Scandinavian currencies. GOLD: Whether you are a beginner or a professional gold trader, Babel Financial Investment provides the opportunity to trade gold with leverage of up to 100 times. SILVER: Trade silver through the MetaTrader 5 platform with a contract size of 5000 troy ounces and a 1% cut-out margin. ENERGY CONTRACTS: Trade and track energy contracts from the MetaTrader 5 platform, including Texas crude, Brent crude, and natural gas futures contracts. STOCK INDICES: Access global stock indices such as Nasdaq, Dow Jones, Standard & Poor's, the British FTSE index, and the German DAX index. AGRICULTURAL COMMODITIES: Trade agricultural commodity contracts, including coca, sugar, and coffee, which have a long history in financial markets. Pros and Cons Pros Cons Offers a wide range of foreign currency pairs. Lack of information on specific contract details. Provides leverage for trading gold and silver. Limited information on margin requirements. Access to global stock indices and energy contracts. Limited information on contract size and cut-out margin. Offers trading in historical agricultural commodities. Lack of information on specific commodity contract terms. Account Types DEMO ACCOUNT: Babel FX offers a demo account for traders interested in practicing without risking real funds. This account allows users to explore trading agricultural commodities, such as coffee, sugar, cotton, and cocoa, through futures contracts on the MetaTrader 5 platform. These commodities have historical significance and have been traded for centuries, making them a unique addition to the forex market. REAL ACCOUNT: Babel FX provides a real trading account for clients seeking access to global markets. This account enables trading in various currencies, metals, and futures contracts, operating 24/5 with consistent technical support. Users can enjoy convenient deposit and withdrawal options. Additionally, Babel FX's advanced trading platform offers a range of technical analysis indicators, including mobile accessibility for trading on smartphones. Pros and Cons Pros Cons Demo account available for risk-free practice, including trading agricultural commodities with historical significance. Limited variety of account types. Real trading account grants access to global markets, 24/5 operation, and convenient deposit/withdrawal options. How to Open an Account To open an account with Babel FX, follow these steps: Visit the Babel FX website. Click on “Open an Account” Fill out the real account form with your personal details, including name, nationality, residence, contact information, and financial information. Choose your account type, leverage size, and investment amount. Specify your trading style and level of experience. Upload any required documents for proof of identity and residence. Review your information for accuracy. Click “SEND” or the equivalent button to submit your application. Follow any additional instructions provided by Babel FX for account verification. Once your account is approved, you can start trading. Leverage Babel FX provides traders with the option of leveraging their positions up to a maximum of 100 times, allowing them to potentially amplify their gains or losses depending on market movements. Spreads & Commissions Babel FX offers spreads starting from 0.1 pips on major currency pairs and does not charge any commissions on trades. For example, the spread on EUR/USD is 0.1 pips, which means that you would need to pay 10 cents per standard lot (100,000 units) traded. This is one of the lowest spreads in the industry. Minimum Deposit Babel FX requires a minimum deposit of $250 to open an account. Deposit & Withdraw Babel FX offers various deposit methods, including direct bank transfers, with specific details available upon contact with the broker. For withdrawals, clients can either log in to the website to request a withdrawal or reach out to their support team for assistance. Detailed withdrawal procedures and amounts are not provided in the given information. Pros and Cons Pros Cons Offers various deposit methods. Lack of detailed withdrawal procedures. Allows clients to request withdrawals online or through customer support. Detailed withdrawal procedures and amounts are not provided. Specific details available for deposit methods. Trading Platforms Babel FX offers the MetaTrader 5 trading platform, a versatile tool for trading various assets, including forex, stocks, futures, and CFDs. This platform provides advanced price analysis techniques, supports algorithmic trading applications, and offers copy trading. MetaTrader 5 features a trading system with support for different execution methods, multiple trading orders, and a wide range of technical indicators for in-depth analysis. Additionally, traders can access fundamental analysis tools, economic indicators, and live news broadcasts. The platform also supports algorithmic trading through Expert Advisors and offers virtual hosting for uninterrupted trading. Pros and Cons Pros Cons Popular MT5 available No alternative platforms available Advanced price analysis techniques available. Limited information on support availability. Supports algorithmic trading and copy trading. Lack of detailed information on commissions. Customer Support Babel FX offers customer support through various channels, including email at info@babilfx.com and a contact phone number: 00902124443699. Additionally, they provide a physical address in Istanbul, Turkey, for in-person inquiries. Clients can reach out for assistance via email or phone for any queries or concerns. Specific details about the support's availability hours are not provided in the given information. Conclusion In conclusion, Babel FX, operated by Babil Financial Investment Ltd in the Marshall Islands, presents potential clients with a mix of advantages and disadvantages. On the positive side, Babel FX offers a variety of trading products, including foreign currencies, gold, silver, energy contracts, stock indices, and agricultural commodities. They provide both demo and real trading accounts, as well as leverage of up to 100 times. The MetaTrader 5 trading platform offers advanced analysis tools and supports algorithmic trading. However, it's essential to note that Babel FX operates without recognized regulatory oversight, which raises concerns about client protection. Additionally, specific details about deposit and withdrawal methods are not provided, and customer support availability hours remain undisclosed, making it important for potential clients to exercise caution and consider the risks associated with trading through an unregulated broker. FAQs Q: What is Babel FX? A: Babel FX is a company named Babil Financial Investment Ltd, located in the Marshall Islands, operating in the financial market for 2-5 years. Q: Is Babel FX a legitimate broker? A: Babel FX operates without recognized regulatory oversight. Traders should exercise caution due to the risks associated with trading through an unregulated broker. Q: What trading instruments does Babel FX offer? A: Babel FX offers foreign currency pairs, gold, silver, energy contracts, stock indices, and agricultural commodities for trading. Q: What are the account types offered by Babel FX? A: Babel FX provides a demo account for practice and a real account for global market access, offering various trading options. Q: How do I open an account with Babel FX? A: To open an account, visit the Babel FX website, complete the real account form, choose account settings, upload required documents, and follow approval instructions. Q: What is the leverage offered by Babel FX? A: Babel FX offers leverage of up to 100 times, allowing traders to amplify gains or losses. Q: What are the spreads and commissions at Babel FX? A: Babel FX offers spreads starting from 0.1 pips on major currency pairs and does not charge commissions on trades. Q: What is the minimum deposit required by Babel FX? A: Babel FX requires a minimum deposit of $250 to open an account. Q: How can I deposit and withdraw funds with Babel FX? A: Babel FX offers various deposit methods, and withdrawal details can be obtained by contacting their support team. Q: What trading platform does Babel FX use? A: Babel FX uses the MetaTrader 5 platform, which supports various assets, advanced analysis tools, algorithmic trading, and more. Q: How can I contact Babel FX's customer support? A: You can reach Babel FX's customer support via email at info@babilfx.com, a contact phone number, or by visiting their physical address in Istanbul, Turkey. Specific support hours are not provided.

Rating Index

How to login to Babel FX?
babel fx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a babel fx Account To begin your journey with babel fx, you need to register for an account. Heres a step-by-step guide to help you through the babel fx registra

  

Babel FX Broker - Complete Information Guide

  

1. Broker Overview

  Babel FX, officially known as Babil Financial Investment Ltd, is a forex broker that has been operating for approximately 2 to 5 years. The company is registered in the Marshall Islands, a popular location for offshore financial services. Babel FX is a privately held entity, focusing primarily on retail forex trading and providing access to various financial instruments.

  The broker caters to a diverse range of clients, including individual traders and retail investors looking to engage in forex trading. Babel FX offers trading services in multiple markets, including foreign currency pairs, commodities, and indices, making it an attractive option for traders seeking a comprehensive trading experience.

  Babel FX has established itself in the financial services sector by providing access to advanced trading platforms and a wide range of market instruments. The company aims to facilitate trading for its clients by offering competitive spreads and leverage options. However, it is crucial to note that Babel FX operates without recognized regulatory oversight, which raises concerns about client protection.

  The business model of Babel FX revolves around retail forex trading, allowing clients to trade various assets while leveraging their positions. The platform offers both demo and real trading accounts, enabling clients to practice and refine their trading strategies before trading with real funds.

  

2. Regulatory and Compliance Information

  Babel FX operates without any recognized regulatory authority overseeing its operations. This means that the broker does not hold a valid regulatory license, which poses a significant risk to potential clients. According to various sources, the regulatory index for Babel FX is notably low, with a score of 0.00.

  The lack of regulation implies that Babel FX does not adhere to the same compliance standards as regulated brokers, which typically include:

  • Client Fund Segregation: Regulated brokers are required to keep client funds in separate accounts to protect them in case of financial difficulties.
  • Investor Compensation Fund Participation: Many regulated brokers participate in compensation schemes that protect clients' funds in the event of insolvency.
  • KYC and AML Compliance Measures: Regulated brokers are mandated to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to prevent fraud and illicit activities.

  Babel FX does not provide specific details regarding its KYC and AML compliance measures, which further emphasizes the need for potential clients to exercise caution when considering this broker.

  

3. Trading Products and Services

  Babel FX offers a diverse range of trading products, catering to various trading preferences and strategies. Key trading instruments available through Babel FX include:

  • Forex Currency Pairs: The broker provides access to over 60 foreign currency pairs, allowing traders to engage in trading against major currencies such as the US Dollar, Euro, and others.
  • CFD Products: Clients can trade Contracts for Difference (CFDs) on various assets, including commodities, indices, and precious metals like gold and silver.
  • Energy Contracts: Traders have the option to engage in trading energy contracts such as crude oil and natural gas.
  • Agricultural Commodities: Babel FX also allows trading in agricultural commodities, including coffee, sugar, and cocoa, which have historical significance in the financial markets.

  Babel FX updates its product offerings periodically, although specific details regarding the frequency of updates and the introduction of new products are not explicitly mentioned. The broker focuses primarily on retail trading services, providing individual clients with access to global markets.

  

4. Trading Platforms and Technology

  Babel FX utilizes the MetaTrader 5 (MT5) trading platform, which is known for its advanced features and capabilities. The MT5 platform supports various trading strategies, including technical and fundamental analysis, algorithmic trading, and mobile trading.

  Key features of the trading platform include:

  • Multi-Asset Trading: The MT5 platform allows traders to access a wide range of financial instruments, including forex, commodities, and indices.
  • Advanced Price Analysis Tools: Traders can utilize various technical indicators and analytical tools to enhance their trading strategies.
  • Algorithmic Trading Support: The platform supports automated trading through Expert Advisors (EAs), enabling traders to implement their strategies without manual intervention.

  Babel FX does not currently offer any proprietary trading platforms or web-based trading solutions outside of MT5. Additionally, there is no mention of mobile applications specifically developed by the broker, although MT5 itself is available on mobile devices.

  The execution model employed by Babel FX is not explicitly stated, but it is important for potential clients to inquire about the execution methods available, such as ECN, STP, or Market Making. The broker's server location and technical infrastructure details are also not publicly disclosed.

  

5. Account Types and Trading Conditions

  Babel FX offers two primary account types to its clients:

  • Demo Account: This account type allows traders to practice their trading strategies without risking real funds. It is an excellent option for beginners to familiarize themselves with the trading environment.
  • Real Account: The real trading account grants access to global markets and allows clients to trade various financial instruments.

  

Trading Conditions:

  • Minimum Deposit: The minimum deposit required to open an account with Babel FX is $250.
  • Spreads: Babel FX offers competitive spreads starting from 0.1 pips on major currency pairs. For example, the spread on EUR/USD is 0.1 pips.
  • Commission: The broker does not charge any commissions on trades, making it an appealing option for cost-conscious traders.
  • Leverage: Babel FX provides leverage of up to 100 times, allowing traders to amplify their positions. However, high leverage also increases the risk of significant losses.
  • Minimum Trade Size: Specific details regarding the minimum trade size and overnight fees are not provided in the available information.

  It is crucial for traders to understand the risks associated with high leverage and to consider their risk tolerance before engaging in trading activities.

  

6. Fund Management

  Babel FX supports various deposit methods, although specific details regarding the payment methods are not explicitly mentioned. Common deposit methods typically include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets

  

Minimum Deposit Requirements:

  • The minimum deposit for opening an account is $250.

  

Deposit Processing Time:

  • The processing time for deposits is not specified, and clients are encouraged to contact the broker for more detailed information.

  

Withdrawal Methods and Limitations:

  Babel FX allows clients to withdraw funds through various methods, although specific withdrawal procedures and limitations are not provided. Clients can request withdrawals online through the broker's platform or by contacting customer support for assistance.

  

Withdrawal Processing Time:

  • The processing time for withdrawals is not detailed in the available information.

  

Withdrawal Fees Structure:

  • Information regarding withdrawal fees is not provided, indicating that potential clients should inquire directly with Babel FX for clarification.

  

7. Customer Support and Educational Resources

  Babel FX offers customer support through multiple channels, including:

  • Email: Clients can reach out to support via info@babilfx.com.
  • Phone: A contact number is available for inquiries: 00902124443699.
  • Physical Address: The broker has a physical office located in Istanbul, Turkey.

  

Service Hours and Time Zone Coverage:

  • Specific details about the support availability hours are not provided, which may be a consideration for potential clients.

  

Multilingual Support:

  • The available information does not specify the languages supported by Babel FX, so clients should verify this when contacting support.

  

Educational Resources:

  Babel FX does not provide comprehensive information regarding educational resources. There is no mention of webinars, tutorials, or market analysis services that are commonly offered by other brokers.

  

Trading Tools:

  Information regarding trading tools such as calculators, calendars, or signal services is not detailed in the available resources.

  

8. Regional Coverage and Restrictions

  Babel FX primarily serves clients from various regions, although specific details about its market coverage are not provided. The broker operates globally, allowing clients to trade various financial instruments.

  

Regional Office Distribution:

  • The broker has a physical presence in Istanbul, Turkey, but details regarding additional regional offices are not available.

  

Countries/Regions Not Accepted:

  Babel FX does not accept clients from certain countries, including:

  • United States
  • North Korea
  • Iran
  • Afghanistan
  • Various African and Asian countries

  

Special Restrictions:

  • Detailed restrictions on services offered to clients in specific regions are not provided, so potential clients should verify their eligibility before opening an account.

  In conclusion, Babel FX presents a mix of opportunities and risks for potential clients. While the broker offers a variety of trading products and competitive trading conditions, it operates without recognized regulatory oversight, which is a significant concern for traders. It is essential for potential clients to exercise caution and conduct thorough research before engaging with Babel FX.

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Latest Reviews

BDSW

BDSW

Nigeria

Starting from as low spreads– a feature that indeed distinguishes Babel FX from the competition. Additionally, I must applaud the no-commission stance of Babel FX. The absence of commissions is a welcome rarity in the forex trading environment. However, not all experiences have been rosy. I have to acknowledge an area that needs improvement that is the withdrawal speed. There have been instances where the withdrawal process has proven to be a bit slower than I would prefer or than other brokers I have worked with.

37130

2023-10-13

Babel FX Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.28, Software Index 4.00 Risk Control Index 0.00.