BICFX review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared BICFX with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from BICFX review

About the broker

Web:bicfx.com
Readers' rating0 Votes
0
License:SECC
Supported languages:English
Year of foundation:2017
Holder: BIC Markets Co., Ltd
Headquarters:Phum 13, Tonle Basak, Chamkar Mon, Phnom Penh 12301, Cambodia
Methods of contacting customer support:E-mail, phone, online chat
Contact:[email protected] +85523-966-669
Deposit methods:Bank transfer, debit and credit cards
Withdrawal methods:Bank transfer, debit and credit cards

About trading with BICFX

Minimum deposit:100 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:400
Spreads:Variable
Underlying assets:
Might be a CFD.
Forex (27), indexes (7)
Account currencies: USD, AUD, EUR, GBP
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MT5
Social trading:No

Random reviews of competing CFD brokers: CryptoFG, TradeCMX, Upstox and UAGTrade

Leave A Review
Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
4
Spread and fees
3
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
4
Customer support speed, availability, availability in the language you speak
3
Based on 1
3
Average rating from reader reviews

Frequently Asked Questions

🧐 Is BICFX a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if BICFX is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with BICFX is very simple, just register on their website.

📱 Does BICFX offer the best mobile app for trading?

BICFX offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the BICFX mobile app.

⚖️ Would you recommend me BICFX?

BICFX is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose BICFX as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating89 Votes
83
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating49 Votes
73
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
Readers' rating111 Votes
75
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with BICFX, please share it in the comments to help others to choose the suitable broker.

BICFX review & user ratings

Forum, opinions and user reviews

  1. liis mare says:
    3.5
    I was not impressed with this company.

    I don’t know how this company is allowed to do business in the UK other than no-one has investigated them. It is a complete scam from their proprietary trading platform which is full of “bugs” to deceive customers and misrepresent market data completely right down to their customer service who will reply to you only on the last day .Thanks to assetrec❍veryn❍w .₵❍ was able to get a refund from this company . They use all types of tricks to close your account complete prematurely. COMPLETE SCAM! My mind is blown how this company is being allowed to do business particularly in this economic climate and I pray the FCA and Financial Ombudsman shut them down ASAP before any more people are SCAMMED

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    4
    Spread and fees
    3
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    4
    Customer support speed, availability, availability in the language you speak
    3
    0
    0

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
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