BIC Markets Forex Broker

BIC Markets Review SummaryFounded2024-03-15Registered Country/RegionCambodiaRegulationExceededMarket InstrumentsForex, Metals, Energy & indicesDemo Account✅LeverageUp to 1:100SpreadNot mentionedTrading PlatformMT4(iOS, Windows, Android)Min Deposit$100Customer SupportPhone: +855-023 966 669Email: info@bicmarkets.com.khOnline ChatSocial Media: Facebook, Instagram, YouTubeBIC Markets Information BIC Markets is a broker. The tradable instruments, with demo and real accounts with a maximum leverage of 1:100, include forex, metals, energy, and indices. The minimum deposit is $100. BIC Markets is still risky due to its exceeded status.Pros and ConsPros Cons MT4 availableExceededDemo account availableMinimum spread unspecificLeverage up to 1:100Is BIC Markets Legit? SERC only regulates BIC Markets, but its status is exceeded which is not as safe as a regulated one, even though it also claims to be regulated by NCCC.What Can I Trade on BIC Markets? Traders can choose different investment directions because the broker provides forex, metals, energy, and indices.Tradable Instruments Supported Forex✔Metals✔Energy✔Indices✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type Traders can open real and demoaccounts at BIC Markets. Traders who want to practice without real investment can open a demo account.Account Type Built-in accountTrading PlatformMetaTrader 4(iOS, Windows, Android)Trading instrumentsForex, Metals, Energy & indicesFifth DecimalYesMax leverage1:100ExecutionMarket ExecutionMinimum opening depositUSD$100Minimum trade size0.01 lotTrade size increment0.01 lotMaximum Total Trade Size50 standard lots per positionMaximum Simultaneous Open Orders300Margin Call / Stop out level80%/50%Account CurrencyUSDCommissionNoLimit and Stop LevelsStarting from 2 pointsBIC Markets Fees The commission is free and the spread is not mentioned.Leverage The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.Trading Platform BIC Markets has an authoritative MT4 trading platform for iOS, Windows, and Android. Compared with MT5, junior traders prefer MT4.Trading PlatformSupported Available Devices MT4✔iOS, Windows, AndroidDeposit and Withdrawal The minimum deposit is $100. BIC Markets offers multiple deposit and withdrawal methods processed within 5 days, including cash deposit, bank, deposit by check, and domestic/international money transfer. Cash deposits and bank transfers are processed within 2 hours.Customer Support Options Traders can contact BIC Markets via phone, email, online chat, and social media to consult or learn, including Facebook, Instagram, and YouTube.Contact Options DetailsPhone + 855-023 966 669Email info@bicmarkets.com.khOnline Chat ✔Social Media Facebook, Instagram, YouTubeSupported Language KhmerWebsite Language KhmerPhysical Address 9 Registration Address: Building No. 462, Monivong Blvd., Village 13, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, Kingdom of Cambodia Tel: (855) 23 966669.