BIC Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.bicfx.com/account/live, the company's legitimate regulatory information CambodiaSERCCommon Financial Service License, to enhance the security of the company's address អាគារលេខ 462, ផ្លូវមុនីវង្ស, សង្កាត់ទន្លេបាសាក់, ខណ្ឌចំការមន, រាជធានីភ្នំពេញ, ប្រទេសកម្ពុជា.
BIC Markets Forex Broker
Basic information
Cambodia
5-10 years Regulated in Cambodia Common Financial Service License Suspicious Scope of Business Suspicious Overrun Medium potential riskCompany profile
BIC 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 Cons
| Pros | Cons |
| MT4 available | Exceeded |
| Demo account available | Minimum spread unspecific |
| Leverage up to 1:100 |
Is 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 account |
| Trading Platform | MetaTrader 4(iOS, Windows, Android) |
| Trading instruments | Forex, Metals, Energy & indices |
| Fifth Decimal | Yes |
| Max leverage | 1:100 |
| Execution | Market Execution |
| Minimum opening deposit | USD$100 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 lot |
| Maximum Total Trade Size | 50 standard lots per position |
| Maximum Simultaneous Open Orders | 300 |
| Margin Call / Stop out level | 80%/50% |
| Account Currency | USD |
| Commission | No |
| Limit and Stop Levels | Starting from 2 points |
BIC 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 Platform | Supported | Available Devices |
| MT4 | ✔ | iOS, Windows, Android |
Deposit 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 | Details |
| Phone | + 855-023 966 669 |
| info@bicmarkets.com.kh | |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, YouTube |
| Supported Language | Khmer |
| Website Language | Khmer |
| Physical 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. |
Rating Index
Commission-free
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Latest Reviews
Paul Robinson
United States
BIC Markets offer various order types, I like that, and the mobile app is easy to use. However, the spreads aren’t always the best.
Positive
2024-06-28
FX1496037776
United States
A solid, trustworthy platform. Their MetaTrader 4 is super secure and provides loads of market intel. Loved their 30-day trial account, especially since I was just starting out.
Positive
2024-05-15
FX1704562676
Thailand
30-day demo account with MT4 is extremely good!!! Just have a try!
Positive
2024-07-16