Betensh Forex Broker

Since Betenshs official website (http://www.betefx.com) no longer works, we had to resort to scraping together information from other sources to get a feel for the company's forex broker operations. General Information Registered in Hong Kong, Betensh is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, stocks, as well as digital pairs. With EMD Forex, investors have the flexibility to choose from three trading accounts, and the maximum leverage that can be used is up to 1:500. Account Types Betensh provides four types of trading accounts to accommodate its clients different trading needs, namely Standard, Plus, Pro and ECN. The minimum deposit required by each account is much higher than most legit forex brokers requirements. Take the Standard account as an example, its most basic account, investors need to fund at least $2, 000 to open this account, which is insanely high. Betensh‘s most expensive account, the ECN account, asks for an initial deposit of $100,000. It is far too exaggerated for an unregulated forex broker, and it seems that this broker is ready to extract investors’ first deposits and then disappear. Leverage When it comes to leverage, Betensh permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators. High leverage is risky, as it can cause serious fund losses, especially to inexperienced traders. therefore, it is important to traders to choose the proper amount that they are comfortable. Customer Support Concerningly, Traders can only reach out to Betensh Forex about any questions or concerns they may have about their accounts or their trading through the following methods: Email: cs@betefx.com More direct contact channels, such as Phone support, whatsapp, are not available. Negative Reviews Some traders who once traded with Betensh complaint that this broker involves serious withdrawal problems. Their trading activities ended up with rejection of their withdrawal requests. Come to WikiFX to see the whole story. Risk Warning There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. The information presented in this article is intended solely for reference purposes.