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BFSforex has been working since 2013 when Commission on financial services of the Republic of Mauritius granted BFS Markets Ltd the international commercial license of the first grade.
BFS Markets Ltd owns BFSforex trademark. Traders and investors from more than 10 countries with the majority from Asia and North America are among the company’s clients. The company offers its clients more than 20 currency pairs, metals, CFDs, and futures contracts.
Trading conditions
BFSforex offers its clients and partners various investment possibilities irrespective of the amount of the initial funds. Traders with low initial budget, as minimum deposit is $5 for Micro account and at the same time leverage is up to 1:1,000, may be interested in company’s services.
Clients may choose from five trading accounts. Trading on Micro, Standard, and Premium accounts, clients do not pay commissions. Working with Premium account, one is allowed to have an unlimited number of open orders.
BFSforex is one of few brokerage companies with which a client may open a Discount account. If a client chooses a 60% Discount account and replenishes it with $10,000, a client may get $4,000 to his bank card.
Mobile trading platform
Mobile MetaTrader4 trading platform is used for trading via PC and mobile phones.
Spreads
The amount of spread depends on a trading account type, i.e. from 0 pips for STP account, from 1.5 pips for Standard and Premium accounts, and from 2 pips for Micro account.
Leverage
The maximum size of leverage depends on the type of the order execution which corresponds to a trading account. If the amount of money on a trader’s account is no more than $100, or equivalent to it in the other currency, then a client can get a maximum leverage of 1:1,000. If the amount of money on a Forex Micro account is in the range from $100 to $1,000, or equivalent to the sum in other currency, then the maximum size of the leverage is 1:500. Such a considerable cut of margin requirements allows traders to implement effectively a wide range of trading strategies. Traders with STP account are provided with 1:100 leverage.
Bonuses and affiliate programs
Clients who opened Micro, Standard, or Premium accounts may get a bonus amounting up to 50%. In order to get a bonus, one has to replenish a deposit with more than $10 and trade within 30 days.
Affiliate programs make it possible to get commissions from every deal made by a new client who was invited by a trader. 35% is the commission which can be got on the Micro account. The second possible type of partnership is to become a regional representative.
Moreover, BFSforex offers its clients educational materials and support in terms of hedging and assets insurance.
