Bedafx Forex Broker

BedafxReview SummaryFoundedNot mentionedRegistered Country/RegionVanuatuRegulationNo regulationMarket InstrumentsForex, CFDSDemo AccountNot mentionedLeverageUp to 1:400Spreadaround 3.3 pipsTrading PlatformMT4Min Deposit$500Customer Support4000602789info@bedafx.cnsupport@bedafx.comBedafx Information Bedafx, a broker registered in Vanuttu, allows traders to trade Forex and CFDs using the MT4 platform. It is currently in a state without any supervision, carrying certain risks.Pros and ConsPros Cons Support MT4No regulationFew types of trading instrumentsThe minimum deposit threshold is up to $500The spread is as high as 3.3 pipsStandard account onlyIs Bedafx Legit? Bedafx's license was revoked and it is in an abnormal regulatory state. At present, it has certain risks.What Can I Trade on Bedafx? Bedafx offers traders different trading instruments, including 20 foreign exchange pairs, which allow traders to trade contracts for Difference (CFDS) on precious metals such as gold, silver, platinum and palladium, as well as energy products CFDS, which provide exposure to the price movement of commodities such as crude oil, natural gas and other energy derivatives.Tradable Instruments Supported Forex✔CFDS✔Precious metals & Commodities❌Indices❌Stocks❌Bonds❌ETF❌Account Types Bedafx mainly provides a standard account, which is the main account that traders can choose from. The minimum deposit required for this account is $500.Leverage The maximum leverage offered by Bedafx is 1:400, which is relatively high.Bedafx Fees The spread offered by Bedafx for the euro/dollar is hovering around 3.3 pips, which is already high. In addition, this broker does not provide detailed information on the commission.Trading Platform Bedafx offers the MT4 trading platform, which can be used anytime, anywhere on mobile devices.Trading PlatformSupported Available Devices Suitable for MT4✔MobileBeginnerMT5❌Deposit and Withdrawal The payment method of this broker is not publicly stated, only that the minimum deposit is $500.Customer Service Bedafx does not offer traders a 24/7 online service. There are two ways traders can get customer support: by phone and by email.Contact Options DetailsPhone 4000602789Email info@bedafx.cnsupport@bedafx.comSupport Ticket System ❌Online Chat ❌Social Media ❌Physical Address ❌