English

BPS CAPITAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://apply.bpscap.com/account/live/, about the company's legal and temporary regulatory information, the company's address FLAT B5,1/F MANNING IND BLDG 116-118 HOW MING ST KWUN TONG KLN HONG KONG.

BPS CAPITAL Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

BPS CAPITAL

Abbreviation

BPS CAPITAL

Company employee

Customer Service Email Address

info@bpscapital.com

Contact Number

+840869916959

Company Website

https://www.bpscap.com/#/

Company address

FLAT B5,1/F MANNING IND BLDG 116-118 HOW MING ST KWUN TONG KLN HONG KONG

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information BPS CAPITAL Review Summary in 10 Points Founded 2019 Registered Country/Region United Kingdom Regulation NFA (unauthorized) Market Instruments Forex, metals, energies, commodities, cryptos & index CFDs, stocks Demo Account Available Leverage 500:1 EUR/USD Spread From 0.0 pips Trading Platforms MT4 Minimum deposit $50 Customer Support 24/5 live chat, phone, email What is BPS CAPITAL？ BPS Capital is an unregulated online broker founded in 2019 and established in Liverpool Street, London, offering brokerage services in forex, commodities, indices, stocks, cryptocurrencies and CFD Trading. The broker operates with no dealing desk (NDD) and offers both STP and ECN trading models. BPS Capital claims that the operation of its website is managed by BFS Capital, registered in Marshall Islands. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons BPS CAPITAL offers a range of trading instruments with competitive trading conditions on MT4 platform, as well as a variety of educational resources. Additionally, the broker offers a 24/5 live chat support and deposits and withdrawals are free of charge. However, BPS CAPITAL is currently unregulated, which may be a concern for some traders. The limited customer service channels and lack of regulatory oversight are notable drawbacks to consider when choosing this broker. Pros Cons • Wide range of tradable instruments • Unregulated • Secure segregated trust accounts with top-tier banks • Limited account types • No deposit or withdrawal fees • Regional restrictions • Low minimum deposit requirement of $50 • Demo accounts available • Competitive spreads starting from 0.0 pips • MT4 trading platform Note that these pros and cons are based on the information provided and may not be exhaustive or applicable to all individual situations. It's important to conduct thorough research and due diligence before making any investment decisions. BPS CAPITAL Alternative Brokers There are many alternative brokers to BPS CAPITAL depending on the specific needs and preferences of the trader. Some popular options include: FXTM: FXTM is a regulated broker with a wide range of account types and trading instruments, suitable for both beginner and advanced traders. FBS: FBS is a popular broker with competitive trading conditions, multiple account types, and a range of educational resources for traders. Trade Nation: Trade Nation is a regulated broker with a focus on providing a simple and transparent trading experience, offering tight spreads, no commission fees, and a user-friendly platform. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is BPS CAPITAL Safe or Scam？ As BPS CAPITAL is currently unregulated, there is a higher risk involved when trading with them. However, the fact that they keep client funds in secure segregated trust accounts with top-tier banks is a positive indication. It is essential to do your due diligence and carefully consider the risks before deciding to trade with an unregulated broker like BPS CAPITAL. Market Instruments BPS CAPITAL provides its clients with 100+ financial instruments to trade on its platform. Traders can access the global financial markets and trade Forex, metals, energies, commodities, cryptocurrencies, and index CFDs. The broker also offers clients the ability to trade stocks of leading companies from various markets such as the US, European, and Asian markets. With such a broad range of instruments, traders have the opportunity to diversify their portfolios and take advantage of different market conditions. Accounts Two trading accounts are offered on the BPS Capital platform, Standard and ECN, with different requirements for opening accounts varied. The minimum initial deposit for the Standard account is as low as $50, while the requirement for the ECN accounts soars to $1000. Demo accounts are also available. Leverage BPS Capital provides access to a leverage of up to 500:1 – this is, of course, much higher than what most regulatory bodies have deemed appropriate for retail traders, and yet BPS Capital offers it, in a bid to attract more people. Spreads & Commissions Spreads and commissions vary depending on different trading accounts. The minimum spreads in the Standard account start from 1.2 pips with no commissions charged, while from 0.0 pips on the ECN account with a commission of $7 USD per lot per side. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission BPS CAPITAL From 0.0 pips No FXTM From 0.1 pips No FBS From 0.5 pips No Trade Nation From 0.6 pips No Note that these spreads and commissions are subject to change and may vary depending on the account type, trading instrument, and market conditions. It's important to check with each broker for the most up-to-date information. Trading Platforms BPS Capital provides access to a distribution of the Metatrader 4 platform - the most revered piece of trading software out there, preferred by the majority of traders for its combination of sleek and user-friendly interface and powerful trading features. See the trading platform comparison table below: Broker Trading Platforms BPS CAPITAL MetaTrader 4 FXTM MetaTrader 4, MetaTrader 5, FXTM Trader FBS MetaTrader 4, MetaTrader 5, FBS Trader Trade Nation Trade Nation platform Note: It's worth mentioning that some brokers may offer additional trading platforms that are not included in the table. Trading Tools BPS Capital offers a trader's calculator, which is a useful tool for traders to calculate important parameters such as pip value, margin requirements, and profit and loss potential. The calculator is easy to use, and traders can input the trade size, account currency, and currency pair to get an accurate calculation of the potential risk and reward. This can be especially helpful for new traders who are still learning about risk management and money management in the forex market. The trader's calculator is just one of the many trading tools that BPS Capital offers to its clients to help them make informed trading decisions. Deposits & Withdrawals You can make deposits via telegraphic transfer, Bank Transfer or Crypto wallets via the Client portal. The minimum deposit amount is $50 and minimum withdraw amount is $10. There are no fees for deposits or withdrawals. BPS CAPITAL minimum deposit vs other brokers BPS CAPITAL Most other Minimum Deposit $50 $100 Deposits are usually credited to the trading account immediately, while withdrawal requests are processed immediately, with bank transfer funds expected to be returned within 1-3 natural days. Telegraphic transfers may take up to 5 days. Fees BPS CAPITAL offers trading with competitive pricing and low transaction costs. The broker charges no deposit or withdrawal fees. There is also no inactivity fee charged by BPS Capital. However, there are fees for overnight positions, such as swaps or rollover fees. Swap details can be found in the product information page of a particular product. Swap rates are normally daily and are based on prevailing market rates. See the fee comparison table below: Broker Deposit Fee Withdrawal Fee Inactivity Fee BPS CAPITAL No No No FXTM No No $5/month after 6 months of inactivity FBS No No $10/month after 180 days of inactivity Trade Nation No No £10/month after 12 months of inactivity Please note that these fees may be subject to change and you should always check with the broker directly for the most up-to-date information. Customer Service BPS Capital offers the 24/5 customer service support, and they can be reached through live chat, telephone (+84 0869 916 959), and email (support@bpscap.com). There is also a FAQ section available. You can also follow them on social networks including Facebook and LinkedIn. Pros Cons • 24/5 multi-channel customer support • No 24/7 support service • Social media support available • Callback request service unavailable • Live chat doesnt work Note: These pros and cons are subjective and may vary depending on the individual's experience with BPS CAPITAL's customer service. Education BPS Capital offers various educational resources that can be accessed via their website. These resources include market news, trading signals, webinars, and trading rank. The market news provides up-to-date information on global markets and their impact on trading instruments. The trading signals provide a set of instructions to help traders make informed trading decisions. The webinars are hosted by industry experts who provide valuable insights on market trends and trading strategies. The trading rank is a tool that ranks the performance of traders based on their profitability, which can be used to identify successful trading strategies. These educational resources can help traders improve their trading skills and make more informed decisions. Conclusion All in all, BPS Capital offers a good range of trading instruments with competitive spreads and high leverage. Their educational resources and trading tools are also helpful for traders of all levels. However, the broker's lack of regulation raises some concerns about the safety of client funds. Additionally, the customer support team can be slow to respond, and their live chat doesnt work currently. Frequently Asked Questions (FAQs) Q 1: Is BPS CAPITAL regulated？ A 1: No. It only holds an unauthorized National Futures Association (NFA) license. Q 2: At BPS CAPITAL, are there any regional restrictions for traders？ A 2: Yes. The information on their site is not directed at residents of the United States, Belgium or any particular country which is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Q 3: Does BPS CAPITAL offer demo accounts？ A 3: Yes. Q 4: Does BPS CAPITAL offer the industry-standard MT4 & MT5？ A 4: Yes. It supports MT4. Q 5: What is the minimum deposit for BPS CAPITAL？ A 5: The minimum initial deposit to open an account is $50. Q 6: Is BPS CAPITAL a good broker for beginners？ A 6: No. It is not a good choice for beginners. We dont advise any traders trade or invest with unregulated brokers.

BPS CAPITAL broker review

Is BPS CAPITAL safe or scam

Rating Index

Zero account

Minimum Deposit

$50000

VIP account

Minimum Deposit

$10000

How to login to BPS CAPITAL?

BPS Capital Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a BPS Capital Account The registration process for a BPS Capital account is straightforward and can be completed in just a few steps. Heres a detailed guide o

BPS Capital Forex Broker - Comprehensive Information Guide

1. Overview of the Broker

　　BPS Capital, founded in 2019, is an online trading broker that primarily serves clients in the foreign exchange market, commodities, indices, stocks, cryptocurrencies, and CFD trading. The company claims to operate from Liverpool Street, London, although it is registered in the Marshall Islands. This offshore registration raises questions about its regulatory compliance and operational legitimacy. BPS Capital operates as a private entity, offering services to a diverse clientele, including retail traders and institutional investors.

　　The broker has developed its business model around providing access to various financial instruments and trading platforms. With a focus on leveraging advanced technology, BPS Capital aims to cater to both novice and experienced traders. Despite its relatively short history, the company has made strides in establishing its presence in the competitive forex market.

　　BPS Capital operates under a No Dealing Desk (NDD) model, offering both Straight Through Processing (STP) and Electronic Communication Network (ECN) trading options. However, the lack of a solid regulatory framework raises concerns regarding the safety of client funds and the integrity of trading practices.

2. Regulatory and Compliance Information

　　BPS Capital is currently unregulated, which poses significant risks for potential investors. The broker holds an unauthorized National Futures Association (NFA) license, which does not provide any meaningful oversight.

　　The absence of a valid regulatory framework means that clients have limited recourse in case of disputes or issues related to fund withdrawals. The regulatory environment in which BPS Capital operates is questionable, as it has not been verified by any major financial authority such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

　　Additionally, BPS Capital claims to keep client funds in segregated accounts with top-tier banks, which is a positive aspect; however, the lack of regulatory oversight diminishes the effectiveness of this measure. The broker does not participate in any investor compensation schemes, leaving clients vulnerable in the event of financial mismanagement.

　　To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, BPS Capital requires clients to provide identification and proof of residence. However, without a credible regulatory authority overseeing these processes, the effectiveness of such measures is uncertain.

3. Trading Products and Services

　　BPS Capital offers a wide array of trading products, including over 100 currency pairs for forex trading. Major pairs such as EUR/USD, GBP/USD, and USD/JPY are available, alongside a selection of minor and exotic pairs.

　　In addition to forex, the broker provides access to various CFD products, which include indices, commodities, stocks, and cryptocurrencies. This diverse product range allows traders to explore different market opportunities. However, the broker does not specify the frequency of product updates or the introduction of new trading instruments, which could limit traders' options in a rapidly changing market.

　　BPS Capital focuses on retail trading services, providing tools and resources to help individual traders navigate the forex market. While there is no mention of institutional client services or white-label solutions, the broker's approach appears to cater primarily to retail traders.

　　The availability of educational resources such as webinars, market analysis, and trading signals is designed to enhance the trading experience for clients, although the quality and depth of these resources are not clearly outlined.

4. Trading Platforms and Technology

　　BPS Capital supports the MetaTrader 4 (MT4) trading platform, which is widely regarded as one of the best in the industry. MT4 offers a user-friendly interface, advanced charting tools, automated trading capabilities, and a variety of technical indicators. However, there is no mention of support for MetaTrader 5 (MT5), which may limit options for traders seeking newer features.

　　The broker does not appear to offer a proprietary trading platform, which could limit its competitive edge in terms of unique features or customization options. Additionally, there is no information regarding a web-based trading platform or mobile applications for iOS and Android, which are essential for modern trading convenience.

　　BPS Capital's execution model is based on ECN and STP, which typically ensures faster trade execution and better pricing. However, the specifics of their server locations and technological infrastructure are not disclosed, leaving questions about latency and overall trading experience.

　　The broker claims to support API access and automated trading, but detailed information regarding these features is lacking. This could be a drawback for algorithmic traders seeking robust trading solutions.

5. Account Types and Trading Conditions

　　BPS Capital offers several account types, including Standard, VIP, and Zero accounts. The Standard account requires a minimum deposit of $50, with spreads starting from 1.5 pips and no commissions. The VIP account requires a higher minimum deposit of $2,000, offering tighter spreads starting from 1.1 pips without commissions. The Zero account demands a minimum deposit of $5,000, featuring spreads starting from 0 pips with a commission of $7 per lot.

　　The leverage offered by BPS Capital varies, with maximum leverage ratios reaching up to 1:1000, which is significantly higher than what many regulatory bodies deem appropriate for retail traders. This high leverage can amplify both profits and losses, presenting a considerable risk to inexperienced traders.

　　Minimum trade sizes start at 0.01 lots, and the broker does not specify overnight fees clearly, which could impact traders holding positions longer than a day. The lack of transparency in fee structures and trading conditions is a concern for potential clients.

6. Fund Management

　　BPS Capital supports various deposit methods, including bank transfers, credit cards, and certain e-wallets. The minimum deposit requirement is set at $50, making it accessible for new traders. However, the broker does not provide detailed information about the processing times for deposits or withdrawals.

　　There are no fees associated with deposits or withdrawals, which is a positive aspect for traders looking to minimize costs. The minimum withdrawal amount is $10, but the details regarding withdrawal processing times remain vague.

　　The absence of a clear withdrawal policy raises concerns about potential delays or issues when clients attempt to access their funds. The lack of transparency regarding withdrawal methods and potential fees is a significant drawback for BPS Capital.

7. Customer Support and Educational Resources

　　BPS Capital provides 24/5 customer support, accessible through various channels, including live chat, email, and telephone. However, the effectiveness of their support services has been questioned, with reports of slow response times and limited availability.

　　The broker offers multi-language support, including English and several Asian languages, catering to a diverse clientele. However, the lack of 24/7 support may be a limitation for traders in different time zones.

　　In terms of educational resources, BPS Capital provides market analysis, trading signals, and webinars to assist traders in improving their skills and making informed decisions. However, the depth and quality of these resources are not clearly outlined, leaving potential clients uncertain about the value they would receive.

8. Regional Coverage and Restrictions

　　BPS Capital primarily targets markets in Asia, Europe, and the Americas. However, it is crucial to note that the broker does not accept clients from certain jurisdictions, including the United States and Belgium, due to regulatory restrictions.

　　The company claims to have established a presence in multiple regions, but the lack of transparency regarding regional offices raises concerns about their operational capabilities and support for clients in different locations.

　　In summary, BPS Capital presents itself as a forex broker with a wide range of trading products and services. However, the lack of regulation, transparency in operations, and potential risks associated with trading through an unregulated broker warrant caution. Traders considering BPS Capital should conduct thorough research and weigh the risks before engaging with the platform.

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