BIC MARKETS Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.bicfx.com/open-account, the company's legitimate regulatory information CambodiaSERCCommon Financial Service License, to enhance the security of the company's address Phum 13, Tonle Basak, Chamkar Mon, Phnom Penh 12301, Cambodia.
BIC MARKETS Forex Broker
Basic information
Cambodia
5-10 years Suspicious Regulatory License MT4 Full License Regional Brokers Suspicious Overrun High potential riskCompany profile
BIC MARKETS Information
B.I.C. Markets, part of B.I.C. Markets Co., Ltd. registered in Cambodia, it is a retail Forex and CFD broker established in 2017, which offers clients the opportunity to trade forex, metals and commodities through MetaTrader 4. Although it claims to be under the supervision of SERC, it is currently under the supervision of a suspected clone.
Pros and Cons
| Pros | Cons |
| 6 deposit and withdrawal methods | Suspicious clone |
| Support MT4 | |
| No commission |
Is BIC MARKETS Legit?
| Regulatory Status | Suspicious clone |
| Regulated by | Cambodia |
| Licensed Institution | B.I.C. Markets CO.,ltd |
| Licensed Type | Common Financial Service License |
| Licensed Number | Unreleased |
What Can I Trade on BIC MARKETS?
B.I.C.Markets offers traders the opportunity to trade in the world's most liquid financial market. Gain exposure to the world's largest equity market with global index CFDS offered by B.I.C.Markets. You can also trade energy and metal products such as currency pairs against the US dollar or futures CFDS.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals & Energy | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
The broker offers two types of accounts, namely ZERO Commission Account and PRO Account.
The ZERO Commission Account and PRO Account target different types of traders. The minimum deposit requirement of ZERO Commission Account is $100, the threshold is relatively low, and it has no commission requirement, which can reduce some costs for traders.
While PRO Account is more suitable for experienced traders, with a minimum deposit requirement of $5,000, this high threshold is not suitable for novices, as it offers a higher leverage ratio of 1:400 and relatively higher risk.
| Account Types | ZERO Commission Account | PRO Account |
| Trading Platform | MetaTrader 4, WebTrader and Mobile Trading | MetaTrader 4, WebTrader and Mobile Trading |
| Trading Instruments | Forex, Metals, Energy & Indices | Forex, Metals, Energy & Indices |
| Fifth Decimal | Yes | Yes |
| Leverage | 1:100 | 1:400 |
| Execution | Market Execution | Market Execution |
| Minimum opening deposit | USD$100 | USD$5,000 |
| Minimum trade size | 0.01 lot | 0.01 lot |
| Trade size increment | 0.01 lot | 0.01 lot |
| Maximum Total Trade Size | 50 Standard lots per position | 50 standard lots per position |
| Maximum Simultaneous Open Orders | 300 | 300 |
| Margin Call/Stop out level | 80%/50% | 80%/50% |
| Account Currency | USD | USD |
| Commission | No | Zero Commission |
| Limit and Stop Levels | Starting from 2 points | Starting from 2 points |
BIC MARKETS Fees
B.I.C. Markets says it provides traders with the tightest forex spreads available with zero commission. In the forex spread information provided by the broker, the minimum spread for EURUSD is 2.0 and the average spread is 2.1.
The minimum spread of other forex pairs is also 2.0, and the average spread remains between 2.1 and 2.4.
In addition, there are no commission requirements on either of the broker's accounts.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| BIC FX | ✔ | Tablet, Mobile | Beginners |
| MT4 | ✔ | Web, Mobile | Beginners |
| MT5 | ❌ |
Deposit and Withdrawal
B.I.C.Markets offers a total of six payment methods. In addition, it requires a minimum deposit of $100.
| Deposit Options | Accepted Currencies | Processing Time |
| Credit and Debit Cards | USD | INSTANT |
| Neteller | USD, THB | INSTANT |
| Skrill | USD, THB | INSTANT |
| Wire Transfer | USD | 1-3 business days |
| Thai Internet Banking | USD THB | 15-30 min |
| Perfect Money | USD | 15-30 min |
Customer Service
This broker does not provide 24/7 customer service. Traders can access customer service through phone, email, social media, and physical address.
| Contact Options | Details |
| Phone | +855 023 966 669 |
| info@bicfx.com | |
| Social Media | Facebook, Tiktok, Instagram, Youtube |
| Website Language | English, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai |
| Physical Address | Phum 13， Tonle Basak， Chamkar Mon， Phnom Penh 12301， Cambodia |
The Bottom Line
B.I.C. Markets offers a modest number of account types and tradable products, although it supports MT4 and does not charge a commission. However, the abnormal state of regulation is a problem that can cause a “headache” for traders.
FAQs
Which regulatory authority is B.I.C. Markets regulated?
B.I.C. Markets claims to be regulated by SERC, but its license is suspected to be a clone, so it is not regulated properly.
Is BIC MARKETS good for beginners?
No, it's not for beginners. B.I.C. Markets is currently in a quasi-cloned regulatory state, which is very unsafe for beginners.
Does B.I.C. Markets charge commission?
No, B.I.C. Markets does not charge trading commissions.
Rating Index
ZERO Commission Account
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Latest Reviews
FX1494013530
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It is ideal for my scalping needs. The MetaTrader 4 platform executes trades instantly. The low spreads also help in maximizing my frequent trades throughout the day. Very good broker!
Positive
2024-06-18
差不多先生，
Colombia
Although trading conditions like leverage, minimum deposit and spreads look very attractive, I think the most important thing is safety. If you get cheated out of your money, what's the point of other trading conditions? Judging from the regulatory information, BIC MARKETS is not very safe.
Neutral
2022-11-28
FX1704562676
Thailand
Very straightforward account opening and professional customer support.
Positive
2024-07-16