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BPS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.bpscapital.co.uk/account/live, about the company's legal and temporary regulatory information, the company's address .

BPS Forex Broker

Basic information

Registered region
United Kingdom
Operating period
--
Company Name
BPS Capital Limited
Abbreviation
BPS
Company employee
--
Customer Service Email Address
info@BPSCapital.co.uk
Contact number
+44 20 7953 7233
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
United Kingdom Appointed Representative(AR) Revoked
High potential risk

Company profile

  Note: You can't access BPS's official website:https://www.bpscapital.co.uk/ right now.

BPS Information

  BPS started in 2017 as an unregulated broker company with regisspanation in the United Kingdom. The company offers the MetaTrader 4 (MT4) platform for trading.

Is BPS Legit?

  BPS Capital Limited was an Appointed Representative (AR) previously regulated by the Financial Conduct Authority (FCA) in the UK. However, its credential identified as number 845858 is no longer valid.

The Financial Conduct Authority (FCA) Current StatusRevoked Regulated by United Kingdom License TypeAppointed Representative(AR) License No.845858 Licensed InstitutionBPS Capital Limited

Downsides of BPS

  • Unavailable Website

  BPSs official website cannot be accessed at present. This raises concerns about reliability and accessibility.

  • Lack of Transparency

  Investor understanding regarding what BPS remains limited due to insufficient information concerning this platforms operations and dependability.

  • Regulatory Concerns

  It is unclear whether the company has any regulatory status, which makes it hard to trust its overall integrity and protect investors interests at large thus such matters have left its regulative position in doubt.

  • Withdrawal Difficulty

  A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.

Negative BPS Reviews on WikiFX

  On WikiFX, “Exposure” is indicated as a word of mouth; gotten from the users.

  The recommendation for traders is to check the information and risks before engaging in dealing with the unregulated platform. If fraudulent brokers persist, you can report in our Exposure section and our team will help to solve such problems.

  As of now, there was 1 piece of BPS exposure in total. I will introduce it.

  Exposure 1. Cannot withdraw money/Alleged Scam

ClassificationCannot withdraw money
DateNov 8, 2020
Post CountryHong Kong

Conclusion

  Using a non-regulated platform like BPS can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.

  

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Latest Reviews

Bro XIng

Bro XIng

Hong Kong

The withdrawal has been delayed for a long time. Don't reply to my messages!! Fraud company!!!

Exposure

2020-11-08

BPS Forex Broker has an overall rating of 1.52, Regulatory Index 0.00, License Index 0.00, Business Index 7.10, Software Index 4.00 Risk Control Index 0.00.