BICE Forex Broker

BICE Review SummaryFounded1992Registered Country/RegionArgentinaRegulationNo regulationServices Long-Term Investment Credit, Working Capital Financing, Leasing, Forfaiting, Deferred Payment Check, TrustsCustomer SupportContact formTel: 0800-444-2423 (Monday to Friday - 10 a.m. to 5 p.m.)Social media: Twitter, Instagram, Facebook, YouTube, LinkedInAddress: Bartolomé Mitre 836 - CABABICE Information BICE (Banco de Inversión y Comercio Exterior) is an Argentina bank founded in 1992 and under the Ministry of Economy of the Nation that grants financing to companies for productive investment projects and foreign trade operations. It promotes the growth of SMEs with a focus on financial inclusion, the technification of economic sectors and the improvement of the competitiveness of the private sector. However, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection.Pros and ConsPros Cons Backed by governmentNo regulationHelp local SMEs to growWebsite do not support EnglishVarious financial servicesIs BICE Legit? Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokeraage firm, and in the case of BICE, the company operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.What Can I Trade on BICE? BICE (Banco de Inversión y Comercio Exterior) offers a wide range of financial services for Argentine businesses:Long-Term Investment Credit: Financing for factory expansion and modernization, with terms up to 7 years in pesos and 15 years in dollars, up to $6,500 million per company.Working Capital Financing: Short-term loans for operational expenses, with terms up to 36 months and grace periods of up to 6 months, available for SMEs and large companies.Leasing: Up to 100% financing for capital goods like machinery and trucks, with terms up to 60 months and no additional collateral required.Forfaiting: Financing for exporters of capital goods, with terms up to 10 years and fixed rates of 3%-3.5%.Deferred Payment Check: Liquidity for businesses through advances in deferred payment checks, with terms up to 365 days.Trusts: Management of infrastructure and development projects in sectors like energy, housing, and transport, with contributions to renewable energy and SME funding. These services support the growth and competitiveness of Argentine businesses.