Forex Broker

BFSforex review


On-line since: 2013
Country of origin: -
Regulation: Financial Services Commission of the Republic of Mauritius
Payment options: BFSforex Trading Office, Visa, MasterCard, wire transfer, China UnionPay, credit cards, Perfect Money
Minimum account size: $5
Minimum lot size: 0.01 lots
Leverage: 1:1000
Spreads: from 1.5 pips

About the company:

BFSforex is a brokerage company providing online services for trading in the foreign exchange market. The broker’s clients reside in more than 10 countries all over the world; most of them are from Asia and the United States.

The company facilitates trading in various financial instruments through its own customized BFSforex MT4 platform that guarantees fast order execution and low interbank spreads. Apart from four live trading accounts, forex newbies are offered an opportunity to practice their skills on demo accounts. Any client of BFSforex can choose an account that suits them best. It may either be a micro account (with the minimum deposit of $5), a standard account ($10), a premium account ($10,000), and an STP/ECN account ($10,000). Moreover, the broker also provides special discount accounts which function in the following way: the discounted amount is immediately returned to the account holder after the latter deposits $10,000 into it. The 20% discount means that the broker returns $8,000 to the trader. You can receive $8,000 back if you choose the 30% discount or $6,000 with the 40% discount. The clients who opened an account with a discount of 60% and deposited $10,000 can receive $4,000 back on their bank cards.

On its website, the company also offers a number of attractive promotions and campaigns.

BFSforex 6/10 (votes 2686)
Author of BFSforex: lilian | Date 2024-04-19
Stay away from them !!! I was scammed $49,000 worth of Bitcoin in Binary option
Author of BFSforex: Faoruk | Date 2022-09-26
It started out quite good with BFSforex broker , but now the spreads got wider, and execution got slower. Most of the time their servers stay lay off, too much slippage, Rude, arrogant, impolite, and useless customer service. I think I may not move further with this broker.
Author of BFSforex: Fareel | Date 2021-12-01
BFS forex is definitely one of the good brokers that I have seen in the Market. 24Hrs Helpful Support If we got any trouble, they always give solutions Fast Deposit Fast Withdrawal If anyone who said negative review, I thought they are not really trading in BFS, or they have no experience with forex trading. I have totaled all the profit that I have made during my trading with BFS Forex, the result is $1250 in 2 months, and my first deposit was $250. They provide good trading platform with prices showed in the trading platform are in real time and not altered and every trading I have a personal manager who always helping me in all my doubts.
Author of BFSforex: Edwina | Date 2021-06-09
BFSforex is an amazing broker! This was recommended by my colleague and although she has been saying good things about the company, I was still surprised with how favorable their services are to their clients. Throughout my trading experience, I never encountered any difficulty and if there are some issues, the customer support team is very easy to contact.
Author of BFSforex: Kadarius | Date 2020-11-11
I have knowledge about trading in forex market, but I didn't have enough money to start. My co-workers recommend using this broker. Because this broker has the criteria I mean. After 1 month of trying to trade, I got $35 with their minimum deposit I gave was $5. It is great for beginners to start off.
Author of BFSforex: Junhao | Date 2020-07-10
I've had problems since I first traded with BFS Forex. I just followed their regulations correctly, but they blamed my connection. They also could not find a solution to my problem. It's enough that I lost $1000, which is my first deposit. This broker is not very good for beginners.
Author of BFSforex: Risda | Date 2020-04-07
Spread for the account is not fixed because it will widen at the morning which make my take profit not triggered because of this problem. Platform sometimes will give me headache during trading activity because of their execution speed that slow to take the orders. My problem happened when I wanted to withdraw $700. At that time, I couldn’t get money because of the error of server, so I waited 2 weeks. However, the money hasn’t come to my account yet, so I contacted to their customer service, but they suggested me to wait. Then, no reaction at all from them.
Author of BFSforex: Rino | Date 2020-01-02
Until now I have no benefit. I even traded with this broker for 7 months. I have added my deposit of $ 2500 while I was trading with them. But there are no satisfactory results. I have decided not to continue. Yesterday was my last trade. I don't want to waste more time and money. My advice is stay away or you will see bigger loss in your account.
Author of BFSforex: Ade_Tria | Date 2019-09-27
I started with BFS Forex to test their services. I opened a live account deposited $300 through Visa and they credited only $510 they deducted $90 as a transfer fee. After that when I stared trading I notice that their trading system also worst. Always requote and requote, too difficult to make a trade. End of the last months I saw 63 pips slippage on USD/CHF. Until now, my balance is $360 because of their worst trading platform. I do not make any withdrawal yet but now I am very worried about it. I am looking for the other broker.
Author of BFSforex: Uipas | Date 2019-08-21
BFSforex is worse broker in the forex. They boost spread and got hit SL by ask price. They did that because they are trading fully against client trade. On 12 August I had pending Orders set for the Fed meeting They have manipulated the spread a minute before the event happened and triggered my buy stop causing me to lose money. Avoid this broker if you value your money!
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