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About company
Investment CFD broker Bestec Network Foreign Exchange (BNFX) was registered in New Zealand in 2010. The company currently does not have a regulatory body.
The main advantages described on the broker's website: no slippage, providing an experience that rivals the interbank market, a single account accessible from any device from anywhere in the world, providing everything you need to trade on global markets, instant, transparent and easy access to financial markets, professional technical support, constant expansion of the product range, transparent trading conditions, focus on bringing the world of trading to a new generation, simple and transparent trading, customer focus in controversial situations, the emergence of a large number of trading methods, the absence of long and confusing registration processes, bureaucracy and hidden conditions and fees.
Trading conditions
Broker clients have the opportunity to choose a suitable trading account: ECN account or STP account. The following assets are available for trading with the broker: Forex, gold, stocks, indices, futures, commodities. To become a client of the broker, you need to register a trading account and top it up with a minimum deposit of $100. Using a free demo account is available for free. The broker does not offer any deposit bonuses or promotions to its clients. The broker also posted on its website a large database of useful tools for traders: Expert Advisors (EA) and automated trading, built-in trading calculator, economic calendar on the platform, and customizable trading platform layouts.
Trading platforms
The broker, being a partner of the MetaQuotes developer, provides traders with access to the popular trading platform MetaTrader 4. In addition, the company offers to use its own trading platform BNFX Station.
Technical support
Technical support is available 24/5 by phone +64-9-887-4112 or through the feedback window on the company website.
Deposit/Withdrawal
You can deposit your account or withdraw funds using the following methods: bank cards, bank transfer, electronic payment systems.
Trader reviews
We managed to find quite a lot of negative reviews about this company. The main complaints are registration in an offshore zone, difficulties with withdrawing funds, incompetent technical support, a lot of negative reviews and the reluctance of technical support to help in difficult situations.
Broker Advantages
- Large number of trading accounts
- Lots of free materials
- contact number
- Own trading platform
roker Disadvantages
- Offshore registration zone
- No regulator
- Lots of negative reviews
- Fraud allegations
Conclusion
Since choosing a broker for cooperation may turn out to be perhaps the most important thing in a trader’s career, you should carefully check all factors: the reputation of the broker, the history of the company, the presence of a reliable regulator, real trading conditions, the behavior of company representatives on social networks. This review is not a recommendation or call to action.
