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bgc Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.bgcg.com..., the company's legitimate regulatory information United KingdomFCAInst Market Making (MM) to enhance the security of the company's address 55 Water Street 10th Floor New York, NY 10041

bgc Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
BGC Brokers L.P
Abbreviation
bgc
Company employee
--
Customer Service Email Address
careers@bgcg.com
Contact Number
+16463467000
Company Website
Company Address
55 Water Street 10th Floor New York, NY 10041
Keywords
5-10 years
Regulated in United Kingdom
Inst Market Making (MM)
Medium potential risk

Company profile

BGC Review SummaryRegistered2000Registered Country/RegionUnited KingdomRegulationFCA, FSS Trading ProductsSecurities, forex, equities, credit derivatives, commodities, futures, and structured productsDemo Account/Leverage/Spread/Trading PlatformBGC TraderMinimum Deposit/Customer SupportTel: +1 646 346 7000Fax: +1 646 346 6919BGC Information BGC is a leading global fintech and brokerage firm headquartered in London and New York. It went public on the Nasdaq in 2023 (stock code: BGC). The company's business covers transaction execution, brokerage services, clearing, market data, and fintech solutions, with clients including major global banks, hedge funds, governments, and enterprises. It serves over 20 major markets and provides brokerage services for more than 200 financial products. It is suitable for institutional investors, corporate clients, and high-net-worth professional traders who need to handle large-scale transactions or complex financial instruments.Pros and ConsPros Cons Regulated by FCA and FSS No fee informationLong operational history since 2000No info on deposit and withdrawalBrokerage services for over 200 financial productsIs BGC Legit? BGC is a legitimate and compliant international financial services institution regulated by the Financial Supervisory Authority (FSS) and Financial Conduct Authority (FCA) .What Can I Trade on BGC? BGC provides a wide range of product brokerage services, including securities, forex, equities, credit derivatives, commodities, futures, and structured products. Through its various subsidiaries, BGC also offers a variety of services to numerous financial and non-financial institutions, including transaction execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services.Trading ProductsSupported Securities✔Forex✔Equities✔Credit Derivatives✔Commodities✔Futures✔Structured products✔Indices❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Trading Platform BGC's integrated platform offers voice, hybrid, or fully electronic brokerage options for traders to choose from services such as price discovery, execution, and trade processing. In addition, the BGC Trader and BGC Market Data platforms provide fintech solutions, market data, and analysis related to financial instruments and markets.Trading PlatformSupported Suitable forBGC Trader✔/MT4❌BeginnersMT5❌Experienced traders
Rating Index
6.63
Regulation
6.32
License
6.37
Software Index
5.69
Risk Control
8.22
Business
7.50

Pros

Regulated by FCA and FSS, providing a level of trust and compliance.
Long operational history since 2000, indicating stability and experience in the market.
Offers brokerage services for over 200 financial products, catering to a wide range of trading needs.

Cons

Lacks transparency regarding fees, which can lead to unexpected costs for clients.
Insufficient information on deposit and withdrawal processes, causing potential confusion for users.
Reports of customer service delays and difficulties in withdrawing funds, raising concerns about reliability.
How to login to bgc?
BGC Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a BGC Account The registration process for a BGC account is straightforward but vital for accessing the platform's features. Follow these detailed steps to complete y

BGC Forex Broker - Complete Information Guide

1. Broker Overview

BGC Partners, Inc., commonly referred to as BGC, was established in 2004 and has since built a reputation as a leading global brokerage firm. The company is headquartered at 499 Park Avenue, New York, NY, USA, with additional offices in London, UK, and various other locations worldwide. BGC operates as a publicly traded company, providing services primarily to institutional clients, including banks, hedge funds, and other financial institutions.

BGC has developed a strong presence in the financial markets, particularly in the forex and contracts for difference (CFD) sectors, offering a comprehensive suite of trading services. Over the years, BGC has achieved several milestones, including the launch of innovative trading platforms and the expansion of its global footprint through strategic acquisitions.

The company operates under the umbrella of Cantor Fitzgerald, a well-known financial services firm, which further enhances its credibility and operational capabilities. BGC's business model focuses on providing both retail forex trading and institutional brokerage services, catering to a diverse clientele seeking to navigate the complexities of the financial markets.

2. Regulatory and Compliance Information

BGC operates under the oversight of several regulatory bodies, ensuring compliance with industry standards and safeguarding client interests. The primary regulatory authorities include:

  • Financial Conduct Authority (FCA) in the UK
  • Securities and Exchange Commission (SEC) in the USA
  • Financial Industry Regulatory Authority (FINRA) in the USA

BGC holds the following regulatory licenses:

  • FCA License Number: 454814
  • SEC Registration Number: 1634997
  • FINRA Member since July 1987

These licenses are valid for conducting various financial activities, including forex trading and brokerage services. BGC adheres to a strict policy of client fund segregation, ensuring that client assets are kept separate from the company's operational funds. Furthermore, BGC participates in investor compensation schemes, providing an additional layer of security for clients.

The company implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to prevent illicit activities and ensure a transparent trading environment. This includes thorough verification of client identities and monitoring of transactions for suspicious activities.

3. Trading Products and Services

BGC offers a wide range of trading products and services, catering to both retail and institutional clients. The forex broker provides access to numerous currency pairs, including major, minor, and exotic pairs. The following are some key offerings:

  • Forex Trading: BGC facilitates trading in over 50 currency pairs, including major currencies such as EUR/USD, GBP/USD, and USD/JPY.
  • Contracts for Difference (CFDs): Clients can trade CFDs on various asset classes, including indices, commodities, stocks, and cryptocurrencies.
  • Unique Products: BGC also offers tailored trading solutions for institutional clients, including white-label solutions and asset management services.

The broker frequently updates its product offerings to meet evolving market demands and to introduce new trading instruments. Retail clients can benefit from competitive spreads and various account types designed to suit different trading styles and preferences.

4. Trading Platform and Technology

BGC provides its clients with access to advanced trading platforms designed to enhance the trading experience. While the company does not support MetaTrader 4 or MetaTrader 5, it offers proprietary trading solutions that cater to both retail and institutional clients.

Key Features of BGC's Trading Platform:

  • Web-Based Trading Platform: BGC's web platform allows clients to trade directly from their browsers without the need for downloads.
  • Mobile Application: The broker offers mobile trading applications compatible with both iOS and Android devices, enabling clients to trade on-the-go.
  • Execution Models: BGC employs various execution models, including ECN and STP, ensuring fast and efficient trade execution.

The broker's technological infrastructure is robust, with servers located in strategic global financial hubs to ensure low latency and high reliability. API access is also available for clients interested in automated trading solutions.

5. Account Types and Trading Conditions

BGC offers a range of account types tailored to meet the diverse needs of its clients. The following are some key account features:

  • Standard Account: Minimum deposit requirements vary, with competitive spreads typically ranging from 1 to 3 pips. Commission structures are transparent, with clients benefiting from low trading costs.
  • Premium Accounts: BGC provides premium account options for high-volume traders, offering enhanced features and lower trading costs.
  • Specialized Accounts: Options such as Islamic accounts for clients seeking Sharia-compliant trading solutions are available.

Clients can also access a demo account to practice trading strategies without risking real capital. The leverage offered by BGC varies by asset class, with forex trading allowing up to 40:1 leverage.

6. Fund Management

BGC supports multiple funding methods to facilitate client transactions. The following payment options are available:

  • Deposit Methods: Clients can deposit funds via bank transfers, credit cards, and various electronic wallets.
  • Minimum Deposit Requirements: The minimum deposit varies by account type, with standard accounts typically requiring a lower initial investment.
  • Processing Times: Deposits are generally processed within 1-3 business days, depending on the method used.
  • Withdrawal Methods: Clients can withdraw funds through similar methods, with processing times varying based on the payment method.
  • Withdrawal Fees: BGC maintains a transparent fee structure, with specific withdrawal fees outlined on the broker's website.

7. Customer Support and Educational Resources

BGC is committed to providing exceptional customer support to its clients. The following support channels are available:

  • Contact Methods: Clients can reach customer support via phone, email, and live chat. The broker also maintains a presence on social media platforms.
  • Service Hours: Customer support is available during business hours, covering multiple time zones to assist clients globally.
  • Multilingual Support: BGC offers support in several languages, ensuring effective communication with its diverse clientele.

In addition to customer support, BGC provides a wealth of educational resources, including webinars, tutorials, and e-books. The broker also offers market analysis services, delivering daily insights, news, and research reports to help clients make informed trading decisions.

8. Regional Coverage and Restrictions

BGC operates in various global markets, providing services to clients in multiple regions. The following outlines the broker's regional coverage:

  • Primary Markets: BGC primarily serves clients in North America, Europe, and Asia, leveraging its international presence to cater to a diverse clientele.
  • Regional Offices: The broker has established offices in key financial centers, including New York and London, to facilitate global operations.
  • Restricted Regions: BGC does not accept clients from certain jurisdictions, including countries with strict financial regulations or where the broker is not licensed to operate.

In conclusion, BGC stands out as a reputable forex broker, offering a comprehensive suite of trading services and robust regulatory compliance. With a focus on innovation and customer support, BGC continues to evolve in the dynamic financial landscape, providing clients with the tools and resources necessary to succeed in their trading endeavors.

Latest Reviews

翩翩

翩翩

Taiwan

I hope I can remind you to stay away~ (There are currently new groups in working) It is roughly estimated that the total amount defrauded by the former group is close to NT$3 million. Keywords: Yang Jiaxiang/Jiaxiang/Forex/BGC/USDT I originally saw it on Facebook or in the community - Teacher Yang Jiaxiang leads a line group. In the beginning, the teacher shares the so-called high-quality stocks, provides accurate stock entry times, and later informs the profit-making exit times. Every transaction is indeed accurate. Later, Teacher Jiaxiang said that his account had been fraudulently used and he wanted to reorganize a new group, so the number of people in the group dropped from more than 200 to more than 100. Later, a super VIP group was established to make long-term profits through cultivation. Invite your trust to join the paid group (pay virtual USDT, not NT$). During this period, many members were shills, and they kept posting profit orders through the forex operation platform provided by the teacher. The transactions ranged from one hand/second hand/three hands/four hands (each hand was 5,000 USDT, and each USDT was equivalent to 1 US dollar). , each operation will control the profit to 5% to 15%, and repeatedly emphasize not to chase the profit of each operation and the funds are not all in. Then take off your guard, because it is not a huge profit in an instant. After all, shorting in the stock market Or the profit from going long will exceed 5%. After downloading the application provided by Mr. Jiaxiang, the 2023 version of the scam will ask you to join the application’s customer service account and learn how to purchase virtual currencies and deposit funds into the forex platform BGC. You can check online to see if BGC is real and valid. Officially certified, but The Forex platform they operate for you is fake. I encountered a lot of problems when I started to withdraw money. At the same time, I asked Teacher Jiaxiang for help, and he also asked me to actively contact customer service. Problems encountered when withdrawing funds are as follows: 1. Customer service said that the wallet information I used to withdraw money was abnormal and I could not withdraw money. 2. It means that the channel for applying for withdrawal is full and you need to wait. 3. Indicates that the blockchain is congested and is continuing to wait. The status of the withdrawal application has been reviewed and will be remitted later. 4. Customer service started to disappear, at least for more than 10 hours. 5. Customer service provides that after re-depositing funds, the speed of withdrawal can be accelerated, and a fast channel for large withdrawals can be opened. 6. The customer service apologized and was willing to provide a one-time fee for delayed withdrawals. 7. Follow-up messages keep pending, indicating that the withdrawal is still waiting for remittance. What’s crazy is that when I started to seek confirmation from other members of the group about their withdrawal status, Mr. Jiaxiang began to disband the original super VIP group and set up a new group and then excluded me because he knew If I ask him publicly, it will affect his plan to let others be played for suckers. At the same time, the trading website of the forex platform was closed. At the same time, customer service said that the website was under maintenance. Some members who were asked to enter the group revealed that the forex trading website is still operating and trading, and internal members (stakeholders) continue to share operations and profit rates. Once someone enters the group to warn everyone, they will remove the person who warned them from the group. Currently, both groups that have been alerted have been removed from the group. I entered the fund at the beginning of November this year. I found out that I was defrauded and started applying for a withdrawal on December 1, but I found that I could not successfully withdraw the money. I completed the reporting procedure this afternoon. I understand that the police can only help so much, so I would like to post here. I can remind you by turning my hard-earned money into experience. After checking websites and associations online, I found that in May 2022, someone had already described being deceived in a similar situation. The method has not been upgraded to the BGC forex platform.

Exposure

2023-12-15

Anson7920

Anson7920

Taiwan

I saw the reminder from netizens too late. Let me share my painful experience on 2023/11/28. I started practicing BGC customer service deposits. I made normal profits at the beginning. Later, I had a direct liquidation of 5,000 USDT and lost money instantly. I still had almost 2,000 USDT on hand. When I wanted to withdraw money, I started to delay the customer service for various reasons. In the end, the customer service ignored me and the operation group was deleted. Yang Xinhong disappeared from the world and lost almost NT$170,000. I remind you not to be deceived again. The following are the same keywords shared by netizens: Yang Xinhong/Forex/BGC/USDT/Stock Profits were originally seen on Facebook or in the community - teacher Yang Xinhong led the line group. At the beginning, the teacher shared so-called high-quality stocks and provided accurate stock entry times and follow-up The profit trading time will be informed, and indeed the accuracy of each transaction is very high. Later, Teacher Yang Xinhong invited to join the paid group (paying virtual USDT, no New Taiwan Dollar) based on his trust in stock raising and high profits in the growth period. Due to the poor stock market, members can use forex to compensate for the fact that during the period, many members were idle. Through the forex operation platform provided by the teacher, profit orders were posted continuously. The transactions ranged from one hand/second hand/three hands/four hands. (Each lot is 5,000 USDT, each USDT is equivalent to 1 US dollar). Each operation will control the profit at 5% to 15%, and repeatedly emphasizes not to chase the profit every time and the funds are not all in., so as to take off the guard. Because it is not a huge profit in an instant. After all, the profit from short or long positions in the stock market will also exceed 5%. After downloading the software provided, the version of the scam in 2023 is, you will be asked to join the customer service account of the software and how to purchase virtual currency in the future. Regarding how to deposit funds into the forex platform BGC, if you check online that BGC is real and has been officially certified, the forex platform they operate for you is fake. I encountered a lot of situations when I started to withdraw money, and at the same time I asked for help. Teacher Xiang also asked me to actively contact customer service. The problems I encountered when withdrawing money are as follows: 1. The customer service said that the wallet information for my withdrawal was abnormal and I could not withdraw money. 2. It said that the channel for applying for a withdrawal was crowded and I needed to wait. 3. It said that the blockchain Crowded, waiting continuously, the status of the withdrawal application has been reviewed, and the follow-up is pending remittance 4. The customer service began to disappear, at least 10 hours or more 5. The customer service provides that after re-depositing, the speed of withdrawal can be accelerated, and it can be opened Fast track for large withdrawals 6. The customer service apologized and was willing to provide a one-time fee for delayed withdrawals 7. The follow-up continued to hit the wall, indicating that the withdrawal was still waiting for the remittance. At the same time, the trading website of the forex platform It was closed. At the same time, customer service said that the website was under maintenance. There were members who were asked to enter the group. It was later revealed that the forex trading website is still operating and trading, and internal members (stakeholders) continue to share operations and profit rates. Once someone enters the group, follow If everyone warns them, they will leave the group and throw their money into the sea. Alas, if you don’t have a greedy mentality, it will be easy to suffer misfortune.

Exposure

2023-12-23

Huang423

Huang423

Taiwan

Yang Hongxin told everyone about a forex software with fast, stable and reliable withdrawals. 112.12/18 After joining the platform, he frequently upgraded the network and changed lines. It took 2 weeks to withdraw USDT2000, but I was told that the withdrawal website needs to be confirmed (confirmation requires 24-hour feedback). At the end of the year, many people choose to withdraw via wire transfer. When I asked them to give me a wire transfer form, they only said that it had been submitted. I asked Yang Xinhong if there is only one customer service staff? Questions about deposited value were quickly answered. Questions about withdrawal were pending review. It has been read for an hour and cannot be read back. Yang Xinhong asked me to contact the customer service staff. What happens after recharging is different from what Yang Xinhong said. Everyone, please don’t be deceived.

Exposure

2024-01-02

Rollin

Rollin

Taiwan

Situation description 1. Joined the stock investment LINE group where Li Chengzong is the moderator for about a year, and started soliciting foreign exchange transactions. After relying on the moderator privately, the moderator provided a LINE online customer service account, and the online customer service guided the registration and account opening, and provided a deposit wallet. Address and transaction URL that can be logged in after registration. 2. The transaction URL is displayed as a BGC webpage, which often requires maintenance and suspends transactions. 3. The general trading time is mostly led by the moderator Li Chengzong from Monday to Thursday every week, choosing to trade in the afternoon or evening, choose the foreign exchange transaction of the euro against the US dollar, trade with the virtual currency USDT, the first-hand margin is 5000 USDT, and the transaction fee is 200 USDT. 4. The profit of each order is about 5~15%, and the trading method is to earn the price difference. 5. When I applied for a withdrawal on January 21st of this month, the system showed that it would take 1-2 days for the account to be credited. The result was not even reviewed. After contacting customer service for a reply, they will submit a review and wait for a reply. As a result, there was no message at all after that. Please contact us again. The moderator did the same and later determined it to be a fraud and immediately reported it to the police.

Exposure

2024-01-26

bgc Forex Broker has an overall rating of 6.63, Regulatory Index 6.32, License Index 6.37, Business Index 7.50, Software Index 5.69 Risk Control Index 8.22.