BullsEye Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
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The Bullseye scammer did not give me withdrawal for six month. I haven't been paid from 07/06/2021 till now. If I chat with them online, someone will call me.
I deposited $150 on it but they did not allow me to start operation and delayed it for a long time.
Summary: Bullseye Markets presents itself as an online forex broker with a variety of trading options, but user feedback reveals significant concerns regarding its reliability and regulatory status. Key features include a low minimum deposit and high leverage options, but the lack of regulation raises red flags for potential investors.
Notice: It is crucial to note that Bullseye operates across different jurisdictions, which may affect its regulatory standing and the security of client funds. The reviews and ratings presented here aim to provide a fair and accurate representation of the broker's performance.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4.5 |
| Tools and Resources | 5.0 |
| Customer Service & Support | 3.0 |
| Trading Setup | 4.0 |
| Trustworthiness | 2.0 |
| User Experience | 3.5 |
| Overall | 3.5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding the broker's services and conditions.
Founded in 2018, Bullseye Markets is an online trading platform that operates from the Marshall Islands. It primarily offers the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and robust analytical tools. The broker provides access to a diverse range of asset classes, including forex, cryptocurrencies, commodities, and indices. However, it is important to highlight that Bullseye Markets does not hold a license from any major regulatory authority, which raises concerns about the safety of client funds.
Bullseye Markets is registered in the Marshall Islands, a jurisdiction known for its lax regulatory standards. This lack of regulation means that traders have limited recourse in case of disputes or issues with fund withdrawals. According to multiple sources, this unregulated status is a significant red flag for potential investors (ForexPeaceArmy).
The broker allows deposits and withdrawals in various currencies, including USD and cryptocurrencies like Bitcoin. However, the minimum withdrawal amount can be as high as $250 for bank transfers, while other methods allow withdrawals starting at $10 (WikiFX).
Bullseye Markets has a low minimum deposit requirement of $50, making it accessible for new traders. However, some account types, such as the classic and ECN accounts, require a minimum deposit of $500 (Forexing.com).
The broker offers various promotions, including a 100% credit bonus on deposits over $100. However, these bonuses come with stringent trading turnover requirements before they can be withdrawn (BullsEye Markets Review 2024).
Bullseye Markets provides access to over 170 trading instruments, including more than 50 forex pairs, cryptocurrencies, commodities, and indices. This diverse offering caters to a wide range of trading strategies and preferences (FX Army).
The broker's spreads start from 0.0 pips for ECN accounts, although they charge a commission of $10 per lot, which can increase trading costs significantly. For standard accounts, spreads begin at 1 pip (BullsEye Review).
Bullseye Markets offers high leverage options, going up to 1:1000 for micro accounts and 1:400 for standard accounts. While high leverage can amplify profits, it also significantly increases risk, particularly for inexperienced traders (Forexing.com).
The broker primarily supports the MetaTrader 4 platform, which is favored by many traders for its advanced charting capabilities and automated trading options. However, the absence of a more modern platform like MT5 may limit some traders' preferences (WikiFX).
Bullseye Markets does not accept clients from several regulated jurisdictions, including the United States and the European Union. This restriction is often indicative of the broker's regulatory status and its reluctance to comply with stringent financial regulations (ForexPeaceArmy).
Customer support is available in English, with services offered via email, phone, and live chat. However, user reviews indicate that the quality of customer support is inconsistent, with many traders reporting slow response times and inadequate assistance (BullsEye Review).
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4.5 |
| Tools and Resources | 5.0 |
| Customer Service & Support | 3.0 |
| Trading Setup | 4.0 |
| Trustworthiness | 2.0 |
| User Experience | 3.5 |
| Overall | 3.5 |
Bullseye Markets offers a variety of account types, including micro, classic, and ECN accounts. However, the high minimum deposit for certain accounts and the lack of regulation detracts from its appeal.
The availability of the MT4 platform and trading tools is a positive aspect. However, the absence of educational resources and advanced tools limits the broker's attractiveness to new traders.
User feedback indicates that while customer support is available, it often falls short in terms of responsiveness and effectiveness. This is a significant drawback for traders needing timely assistance.
The trading environment is generally satisfactory, but issues such as slippage and spread widening during volatile market conditions have been reported, affecting the overall trading experience.
The lack of regulation is a major concern, with many users expressing distrust in the broker's operations. This is compounded by reports of withdrawal issues and poor customer service.
Overall user experience appears mixed, with some traders reporting satisfactory trading conditions while others express frustration over withdrawal processes and customer support.
In conclusion, while Bullseye Markets offers some attractive features such as low minimum deposits and diverse trading options, the significant concerns regarding its regulatory status and customer service warrant caution. Prospective traders should carefully consider these factors before engaging with this broker.
