BSV Review 1
The customer service says that I have to pay taxes before they release the funds and will not provide any details on how to proceed. Very very slow customer service and sometimes not there, which can be disturbing.






BSV Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
The customer service says that I have to pay taxes before they release the funds and will not provide any details on how to proceed. Very very slow customer service and sometimes not there, which can be disturbing.
In the tumultuous world of Forex trading, BSV Global Investing Limited has emerged as a broker with mixed reviews. While it offers a variety of trading instruments and educational resources, serious concerns regarding its regulatory status and transparency have raised red flags among potential users. This review aims to provide a comprehensive overview of BSV, highlighting both its strengths and weaknesses based on user experiences and expert analyses.
Note: It is crucial to consider that BSV operates under different regional entities, which may affect its regulatory compliance and operational practices. The insights presented here are gathered from various sources to ensure fairness and accuracy.
Category | Rating (Out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Setup (Experience) | 5 |
Trustworthiness | 2 |
User Experience | 4 |
We assess brokers based on user feedback, expert opinions, and factual data.
Founded in 2018, BSV Global Investing Limited is based in the United Kingdom and offers trading services primarily through the MetaTrader 5 (MT5) platform. The broker provides access to a diverse range of trading instruments, including Forex, precious metals, crude oil, commodities, stocks, and indices. However, it has come under scrutiny for its lack of valid regulatory oversight, which is a significant concern for potential traders.
Regulatory Status:
BSV operates without valid regulation, and claims of being regulated by the National Futures Association (NFA) in the United States are suspected to be a clone. This lack of regulatory oversight raises serious questions about the safety of funds and the legitimacy of the broker. According to sources, BSV has a low regulatory score of 1.36 out of 10, indicating a high risk for potential investors (WikiFX).
Deposit and Withdrawal Options:
The broker supports a variety of payment methods, including Visa, Mastercard, Skrill, Neteller, Perfect Money, CashU, and bank wire transfers. However, the absence of clear information regarding deposit and withdrawal currencies may pose challenges for users, particularly those dealing in cryptocurrencies.
Minimum Deposit:
BSV requires a minimum deposit of £100 for standard accounts, £500 for ECN accounts, and £20,000 for VIP accounts. This tiered structure may appeal to different types of traders but also reflects a potential barrier for beginners looking to enter the Forex market.
Bonuses and Promotions:
Currently, BSV does not offer any bonuses or promotional incentives, which could detract from its attractiveness compared to other brokers that provide such benefits.
Asset Classes:
The range of tradable assets at BSV is relatively diverse, covering Forex, precious metals, crude oil, commodities, stocks, and indices. This variety allows traders to engage in different markets; however, the lack of clarity regarding spreads and commissions is concerning for those focused on cost-effective trading.
Cost Structure:
One of the significant drawbacks highlighted in the reviews is the absence of specific information on spreads, fees, and commissions. This lack of transparency can lead to unexpected costs for traders, making it difficult to assess the overall trading expenses.
Leverage Options:
BSV offers leverage of up to 1:400, which can be appealing for experienced traders looking to maximize their trading potential. However, high leverage also comes with increased risk, particularly for inexperienced traders.
Trading Platforms:
The primary trading platform provided by BSV is MetaTrader 5 (MT5), known for its advanced features and user-friendly interface. MT5 offers a wide range of tools for technical analysis, making it suitable for traders of all experience levels.
Restricted Regions:
There is no specific information available regarding restricted regions, but potential users should verify if their country allows trading with unregulated brokers like BSV.
Customer Service Languages:
While BSV provides customer support in English, the overall quality of service has received mixed reviews. Users have reported slow response times and difficulties in reaching support, which can be frustrating for those in need of assistance.
Category | Rating (Out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 3 |
Trading Setup (Experience) | 5 |
Trustworthiness | 2 |
User Experience | 4 |
In conclusion, while BSV presents a range of trading opportunities, the considerable concerns surrounding its regulatory status and transparency warrant caution. Potential traders are advised to conduct thorough research and consider the risks before engaging with BSV, as highlighted in this BSV review.
FX Broker Capital Trading Markets Review