BSIFX Forex Broker

BSIFXReview SummaryFounded2018Registered Country/RegionUnited KingdomRegulationNo regulationMarket InstrumentsStocks, Currencies, Commodities, Indices, CFDsDemo Account✅LeverageUp to 1:100Spreadfrom 2.0 pipsTrading PlatformMT4Min Deposit$250Customer SupportPhone: +44 20 7097 7197Email: support@bsifx.cominfo@bsifx.comOnline Chat: 24/6Social Meida: Facebook, Twitter, Instagram, YoutubePhysical Address: Istanbul Venezia Mega OutletBSIFX Information BSIFX, founded in 2018, is a brokerage registered in the United Kingdom. It provides traders with 100+ trading instruments, supporting traders to use the MT4 platform, and has 3 account types to choose from. However, the problem is that the broker is not regulated and carries relatively large risks.Pros and ConsProsCons100+ InstrumentsNo regulationSupport MT4The deposit threshold is up to $250No commissionIs BSIFX Legit? BSIFX is not regulated and is an unsecured broker, which carries certain risks.What Can I Trade on BSIFX? BSIFX claims to offer 100+ trading instruments, including stocks, currencies, commodities, indices and CFDs. For example, hundreds of securities including currency pairs such as the euro/dollar, shares of publicly traded companies such as Tesla, as well as indices such as the Dow Jones and commodities such as gold, oil and silver can be traded.Tradable InstrumentsSupportedStocks✔Currencies✔Commodities✔Indices✔CFDs✔Bonds❌ETF❌Account Types The broker offers three types of accounts: Classic Account, Golden Account, and VIP Account. The minimum deposit requirements of the three accounts range from $250 to $100,000. The spread ranges from 1.0 to 2.0pips, and the higher the account level, the smaller the spread. The leverage is 1:100.Account TypesClassic AccountGolden AccountVIP AccountMinimum Deposit$250$30,000$100,000Spreadsfrom 2.0 pipsfrom 1.5 pipsfrom 1.0 pipMax Leverage1:1001:1001:100Min Lots0.010.010.01Daily Briefing & ResearchIncludedIncludedIncludedTrading PlatformDesktop, Tablet, MobileDesktop, Tablet, MobileDesktop, Tablet, MobileStop Out Level20%15%10%BSIFX Fees BSIFX Spreads The higher the BSIFX account level, the smaller the spread, and the spread range remains between 1.0 and 2.0pips. In addition, In BSIFX, In BSIFX, traders do not need commissions to make trades. Non-Trading Fees When deposits and withdrawals are made without a transaction, a 20% commission will be charged to cover the payment fee.Trading Platform The trading platform supported by BSIFX is MT4, available on Windows desktop as well as IOS and Android mobile systems.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Desktop, MobileBeginnerMT5❌Deposit and Withdrawal BSIFX offers three modes of deposit and withdrawal: Credit Card, Wire Transfer and E-wallets. Deposits made using Visa/MasterCard/BTC/ETH/ or USDT will be refunded first in the same way, with a minimum withdrawal amount of $50.Customer Service BSIFX says it offers a 24/6 online service. In addition, traders can access customer service through phone, email, social media and physical addresses.Contact OptionsDetailsPhone+44 20 7097 7197Emailsupport@bsifx.cominfo@bsifx.comOnline Chat24/6Social MeidaFacebook, Twitter, Instagram, YoutubeWebsite LanguageArabic, Chinese, Dutch, English, French, German, Italian, Portuguese, Russian, Spanish, TurkishPhysical AddressIstanbul Venezia Mega OutletThe Bottom Line Seeing zero commission trading, plus 100+ trading instruments and the MT4 platform, these advantages of BSIFX attract traders. However, BSIFX has a great security risk, because it is not regulated, this broker is very risky.FAQs Is BSIFX suitable for beginners? No, it doesn't. While providing conditions that benefit beginners, the disadvantages of being unregulated are even greater. What trading platform is supported by BSIFX? BSIFX offers the MT4 platform for traders to use. Is BSIFX safe? It's not safe. The broker lacked supervision and security.