B4 Markets Review
B4 Markets offers several trading accounts, depending on the initial deposit. All of the provide commission-free trading with variable spreads and leverage up to 1:400 on the MetaTrader 4 platform.
The spreads of B4 Markets are attractively low indeed and no commissions apply. However, we find the minimum initial deposit required too high for a brokerage that is not regulated. And we keep reiterating that the trading costs are not the most important thing when choosing a forex broker. Instead, you’d better look for reliability, because, even if you score millions with a scam brokerage – and there are thousands of them out there – there is no way you can get them. Even worse, there is nothing you can do to get your initial investment back.
For example, by investing just $100 you can open an account with FxPro – a major forex brokerage regulated in multiple jurisdictions and also offering negative balance protection.
The Company. Security of Funds
B4 Markets offers trading in forex and CFDs on the widespread MT4 platform. There is no information about the company behind the brand on the broker’s website – where are its headquarters, regulation, etc. Brokers which do not present important information like this make us extremely suspicious.
When we downloaded B4 Markets’ MT4, the name of another brokerage appeared – AAFX Trading. This probably means that B4 Markets is in fact an introducing broker of AAFX Trading. And the latter is an offshore broker, operating under the jurisdiction of St Vincent and the Grenadines (SVG). Registration as International Business Company in SVG is almost the same as no registration or license at all. Such companies are not required to report to no authority, to meet any standards, nor to apply client protection rules. Furthermore, the Italian financial regulator has recently issued a warning against B4 Markets.
So, you’d better invest with brokers regulated by reliable authorities such as UK’s FCA, or Cyprus’ CySEC, for example.
B4 Markets offers its clients MetaTrader 4 (MT4), the most popular forex trading platform worldwide. It is equipped with technical analysis indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EA), allowing clients to fully automate their trades.
Methods of Payment
B4 Markets offers its clients bank wire transfer, debit/credit cards and Skrill and Neteller as payment methods.
B4 Markets is an introducing broker of AAFX Trading. Although its trading conditions appear attractive, we don’t recommend it, at it is not regulated, and AAFX Trading is registered offshore.
B4 Markets Review Conclusion
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