BCapitalsFX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this BCapitalsFX Reviews.
BCapitalsFX Review
The Broker is not a good broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
BCapitalsFX offers its clients a choice of four basic account types. All of them offer variable spreads and micro tradable lots (for those unwilling to trade in large volumes) on the MetaTrader 4 (MT4). Managed accounts, as well as swap-free (Islamic) accounts are also available with this broker.
As regards the cost of trading, BCapitals FX offers tight variable spreads, starting from 0.1 pips on Standard accounts. ECN and Premium account types also involve a commission fee.
The highest leverage levels available with this broker, are 1:400 (in the Micro account type). Keep in mind that the higher the leverage, the greater the risk.
Also, BCapitals FX does not accept clients from the U.S., Canada, Japan, Sudan, Syria and North Korea.
The Company. Security of Funds
Established in 2015, BCapitals FX claims to be a pure STP brokerage offering trading in a number of currency pairs and various CFDs, as well as precious metals on the industry’s standard MT4.
Behind this brand is B Capitals Limited, a company domiciled in Dubai with offices in the United Arab Emirates, India, and Malaysia, which is not regulated by any authority. Furthermore, popular forex website Forex Peace Army claims that there is an FPA Traders Court guilty vote against this company, so we recommend that you exercise caution in dealing with BCapitalsFx.
In case you are planning to invest a large amount of money, we would advise you to select a more reliable brokerage that is duly regulated and authorized to provide financial mediation services. For instance, regulation in Australia, UK or Cyprus is well-balanced and there are a bunch of trustworthy licensed brokers there.
Trading Platforms
BCapitalsFX supports the widely used MetaTrader 4 (MT4), available as a desktop download and mobile trading apps.
MT4 is the preferred trading software of most traders and that is why it is offered by the majority of brokerages. The platform provides all the necessary tools and resources for traders to analyze price dynamics of financial instruments (such as advance charting options, built-in indicators, back-testing tools), execute trade transactions and create & use automated strategies (Expert Advisors or trading robots).
Promotions
At the time of writing this review, BCapitalsFX offers a 30% deposit bonus up to $5000.
Methods of Payment
BCapitalsFX offers its clients numerous payment options: via credit/debit card, wire transfer, and various e-wallets, such as Neteller, Skrill & Bitcoin.
BCapitalsFX Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about BCapitalsFX Review.