Launched in 2007, Bforex is an online trading broker that offers over 40 currency pairs, commodities, CFDs, and other financial products through the intuitive PROfit trading platform. There is also a range of trading tools, educational resources, and a client support team available to assist traders the trading condition is quite competitive, with fast execution, good exchange rates, and zero commissions on trades. The minimum deposit required to open a live trading account is $200.
Bforex Review Introduction
In this Bforex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Bforex.
Bforex Platforms & Tools
This broker’s clients can trade the various available financial assets via the PROfit trading platform, which was built by Bforex’s technical team. It has an easy-to-use interface that is fully customizable to suit all trading styles. The platform is built with several useful trading tools, and it is available as a WebTrader that can run directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge, without the need to download or install any application. The PROfit trading platform is also available as a mobile app that is compatible with Android and iOS devices; the mobile app can be downloaded from the relevant app stores for easy access to the market and trading on the go.
Additionally, a variety of standalone trading tools are available on the broker’s website to help traders take advantage of the opportunities in the markets. Some of the tools include Trading Signals, Currency Charts, Daily/Weekly Analysis, and an Economic Calendar, amongst others.
Bforex Research & Education
Bforex provides traders with a good collection of educational materials to help improve their trading skills and knowledge whilst keeping them informed on the factors that move the markets. The educational materials are in the Forex Academy section of the broker’s website, and they include educational articles, webinars, and trading videos; a trading glossary, and training courses, amongst others.
Bforex Trading Accounts
Clients are required to create a standard live trading account with a required minimum deposit of $200.
Bforex Account Funding
The broker accepts various payment methods for account deposits and withdrawals, and they include credit/debit cards, bank transfers, and online payment processors. However, it should be noted that some payment methods may not be available in specific countries, while the time taken to process transactions may vary depending on the payment method used.
Bforex Customer Service
Bforex has a customer support team that is available 24/6 to offer prompt responses to traders’ general, technical, and account-related inquiries via Live Chat, telephone, email, and call back request form.
There is no regulatory information on the broker’s website at the moment, and this could deter most potential traders and investors from opening an account with them because the safety of their funds is not guaranteed.
Bforex Review Summary
Based in Cyprus, Bforex is an online trading broker that offers traders access to the forex markets through the intuitive PROfit trading platform that is available in the web and mobile versions. They provide traders with a range of trading tools and educational resources, and their client support team is always ready to assist. However, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this Bforex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Bforex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.