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BDG Forex Broker provides real users with * positive reviews, 1 neutral reviews and 6 exposure review!

BDG Broker Review

1.38

WikiFX monitor

Business

Influence E

License

No license

BDG Review 7

Latest All(7) Neutral(1) Exposure(6)
Neutral
Caution Urged: BDG's Counterfeit MT4 Platform Raises Red Flags

The counterfeit MT4 trading platform is a serious concern, as it indicates a lack of credibility and reliability. Overall, considering the suspicious regulatory status, high deposit requirement, and lack of essential features, I would advise caution and thorough research before choosing BDG as a trading partner.

H. M Chung 975
2023-12-08
Exposure
Fraud Platform, Fraud MT4

Depositing various head accounts to withdraw cash but saying that they have to pay a share of the deposit, a bunch of excuses not to withdraw cash. After checking online, I found that there are also other victims who have doubled their profits through online investment. Attracting people to deposit and deposit accounts are different head accounts every time When I wanted to withdraw the money, it said that I had to pay a security deposit to withdraw the cash. The official website of the cash withdrawal could not be opened, and the webpage became a fraud prevention. I searched the Internet and found that there were other victims, and their MT4 was a black-hearted platform. Manually changing the price by yourself is cheating and saying that the position is liquidated, and you need to deposit money quickly to make up the difference. The official MT4 download platform is downloaded from the official website of the dealer behind it, and their download platform has become a black-hearted website and cannot be opened.

Zong4220
2023-01-07
Exposure
Unable to withdraw

Apply for many times. It is either in pending or not approved. Click the official website to become a fraud prevention website, and only know other websites https://user.fxbdg.com/login

Zong4220
2022-12-19
Exposure
Need to pay share before withdrawal

The more you deposit, the more you pay. Who can afford it

kevin裕
2022-12-11
Exposure

Use pirated MT4 and suspected of price manipulation in the background, resulting in liquidation

rinka6845
2022-12-08
Exposure
Serious slippage leads to liquidation

Is there really a problem with this roll dealer? Previously, due to the sudden skyrocketing and plummeting relationship, the position was liquidated. I lost more than 60,000 US dollars in an instant and asked me to make up for the loss of about 15,000 US dollars. Last night, the instant skyrocketing and skyrocketing happened again, which made my account unable to hold on and lost more than 50,000 US dollars. U.S. dollars, and now I am asked to make up for the loss. Is this a fraud platform? Should I make up for the loss? I also remitted 1.1 million including making up losses, and each time I designated the remittance to a different account to avoid monitoring. If this is a black platform, can WikiFX, the foreign exchange platform, help recover the remitted money? This is the latest link to log in to the brokerage platform: https://user.fxbdg.com

rinka6845
2022-12-07
Exposure
Unable to withdraw

One month ago (early November 2022), I opened an account and deposited funds through the line claiming to be "SST". During this period, I followed Chen Jingren and Zhang Yunjia to operate online, and the profit rate was nearly 100%. Later, my assistant Pan Xiyi issued instructions through line messages. The profit rate is also close to 100%. The period lasted less than a month. On 11/28, the assistant Pan Xiyi suddenly notified the settlement at the end of the month, and the profit share of 44,500_USD must be paid, otherwise the funds in the platform will not be withdrawn... At this moment, I realized that I had fallen into a fraud! Paying the share again is "meat buns beat dogs". Therefore, when I tried to withdraw, it always showed "Pending". Until today, the withdrawal page has been unable to log in! The operating platform also shows "account is invalid"

peter4744
2022-12-05

  

BDG 2025 Review: Everything You Need to Know

  

Summary

  The overall evaluation of BDG as a forex broker leans heavily towards the negative side, with numerous reports highlighting the broker's lack of regulation, high minimum deposit requirements, and questionable trading practices. Users have reported difficulties in withdrawing funds, raising significant concerns about the broker's reliability and trustworthiness. Key features include a suspicious regulatory license and a high minimum deposit requirement of $10,000, which may deter potential traders.

  Note: It is essential to recognize that BDG operates under different entities across regions, which can affect user experience and regulatory compliance. This review aims to provide a fair and accurate assessment based on the available information.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 2
Trading Setup (or Experience) 3
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Ratings are based on an analysis of user experiences, expert opinions, and factual data from multiple sources.

  

Broker Overview

  BDG Cloud Service Limited, established within the last two years, claims to offer forex and CFD trading services. However, the broker's regulatory status is suspect, as it does not appear to be licensed by any reputable authority. BDG primarily uses the popular MetaTrader 4 (MT4) platform for trading and offers a limited range of assets, including forex, indices, commodities, and cryptocurrencies. The broker has set a minimum deposit threshold of $10,000, which is significantly higher than many competitors.

  

Detailed Section

  

Regulatory Status

  BDG operates without verifiable regulation, raising serious concerns about its credibility. According to multiple sources, the broker claims to be regulated by the National Futures Association (NFA), but the license number provided could not be verified on the NFA's official website. This lack of oversight means that traders have no legal recourse in case of disputes or issues with fund withdrawals.

  

Deposit and Withdrawal

  BDG has a high minimum deposit requirement of $10,000, which may be a barrier for many traders, particularly beginners. Users have reported challenges when attempting to withdraw funds, often citing excuses from the broker about needing to pay additional fees or security deposits before processing withdrawals. Such practices are often indicative of potential scam operations, as highlighted in reviews from various platforms.

  

Asset Classes Offered

  The broker claims to provide access to a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. However, the limited selection of assets and the absence of a demo account for practice trading can deter both novice and experienced traders looking for diverse trading opportunities.

  

Costs and Fees

  BDG's trading conditions include spreads starting from 1.5 pips, which are relatively standard but not particularly competitive compared to other brokers. There is no clear information available regarding additional fees, such as withdrawal charges or inactivity fees, which adds to the overall lack of transparency.

  

Leverage

  BDG offers a maximum leverage of 1:500, which can be attractive to traders looking to amplify their positions. However, this high level of leverage also increases the risk of significant losses, especially for inexperienced traders who may not fully understand the implications of leveraged trading.

  

Trading Platforms

  The broker claims to offer the MT4 trading platform, a popular choice among traders for its user-friendly interface and advanced charting tools. However, reports indicate that the version provided by BDG may be counterfeit, potentially leading to poor performance and functionality issues.

  

Restricted Regions

  While specific information about restricted regions is not readily available, the lack of regulation suggests that traders from regions with strict regulatory requirements may find it challenging to engage with BDG.

  

Customer Support

  BDG's customer support is primarily available via email, with no mention of alternative contact methods such as live chat or phone support. This limited availability can be a significant drawback for traders who may require immediate assistance.

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 2
Trading Setup (or Experience) 3
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  •   Account Conditions: The high minimum deposit requirement of $10,000 is a significant barrier for many potential traders, particularly beginners who may not have substantial capital to invest.

  •   Tools and Resources: There are no educational resources or demo accounts available, which limits the ability of traders to learn and practice without risking real money.

  •   Customer Service and Support: Limited to email communication, with reports of slow response times and inadequate support, leading to user frustration.

  •   Trading Setup: The MT4 platform is popular, but concerns about its authenticity and performance raise red flags for potential users.

  •   Trustworthiness: The lack of verifiable regulation and numerous negative user experiences contribute to a low trust rating for BDG.

  •   User Experience: Overall user experiences have been negative, with many reports of withdrawal issues and poor customer service.

  In conclusion, potential traders should approach BDG with caution, given the numerous red flags and concerns raised in various reviews. It is advisable to consider alternative brokers with better regulatory oversight and more favorable trading conditions.