WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BX Trade

Saint Lucia|1-2 years|
High potential risk|

https://bxtrade.net/

Website

Rating Index

Contact

support@bxtrade.net
https://bxtrade.net/
3rd Floor, Bank of Saint Lucia Limited, Bridge Street, Castries, Saint Lucia.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-10-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BX Trade · WikiFX Survey

Users who viewed BX Trade also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

IC Markets Global

9.06
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

AUS GLOBAL

8.23
Score
5-10 yearsRegulated in CyprusMarket Making(MM)
Official website

BX Trade · Company Summary

BX Trade Review Summary in 10 Points
Founded 2019
Registered Country/Region Saint Lucia
Regulation Non-regulated
Market Instruments Binary options on Cryptocurrency
Demo Account Not disclosed
Leverage Not disclosed
EUR/USD Spread Not disclosed
Trading Platforms Electronic platform
Minimum Deposit USD 1
Customer Support Email, Address

What is BX Trade?

BX Trade, a Saint Lucia-based brokerage firm, offers global traders the opportunity to trade Binary options on Cryptocurrency. However, it should be noted that BX Trade currently operates without any valid regulation. This circumstance may present potential risk factors and cause apprehension for traders considering this platform.

BX Trade's home page

In this article, we will dissect the features of this broker from multiple angles, presenting you with straightforward, structured information. If this interests you, please continue reading. A summarizing conclusion will be provided at the end of the article allowing you to quickly grasp the salient attributes of the broker.

Pros & Cons

Pros Cons
• Acceptable minimum deposit • Unregulated
• Lack of transparency due to one-page website
• Limited trading instruments

BX Trade has its relative advantages and disadvantages.

On the pro side, BX Trade offers an acceptable minimum deposit on USD 1 that can be appealing to novice traders who are just trying to start their trading journey, making it a potentially attractive platform.

On the downside, BX Trade is unregulated, which potentially raises concerns about the security of trader investments and overall business conduct. Coupled with the fact that they maintain a single-page website lacking comprehensive details about their services, transparency becomes a significant issue. Moreover, BX Trade offers a limited range of trading instruments on cryptocurrencies only, narrowing down opportunities for traders to diversify their portfolio.

As such, potential clients should weigh these pros and cons carefully before making a decision.

Is BX Trade Safe or Scam?

When considering the safety of a brokerage like BX Trade or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It's crucial to note that this broker is currently operating without any valid regulation. This situation should be a significant point of concern as doing business with an unregulated broker could potentially pose risks.

  • User feedback: To gain valuable insights into client experiences with the brokerage, user can review the opinions and feedback of fellow clients. These can often be found on trusted websites and discussion forums, giving you a broad perspective of the brokerage's reputation and services.

  • Security measures: BX Trade has incorporated a privacy policy as a security measure to safeguard user information and enhance trust among its global clientele.

Ultimately, the decision of whether or not to trade with BX Trade is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

BX Trade, as a trading platform, offers Binary options on Cryptocurrency to its traders. Included among the available trading pairs are prized combinations such as ETH/USDT, GOLD/USDT, XRP/USDT, DOG/USDT, among others.

These offerings provide a variety of options for the trading enthusiasts, allowing them to choose from a diverse portfolio according to their investment strategies and market knowledge. These pairings encompass both cryptocurrencies and traditional assets, catering to various trading preferences.

Accounts

While specific account information isn't readily available, BX Trade indicates on its website a minimum trading amount that spans a wide range, from as low as USD 1 up to USD 999,999. This extensive range caters to both novice traders looking to dip their toes in the market with small initial investments, and seasoned investors ready to trade in large volumes. Prospective traders should consider these parameters carefully based on their financial capability and risk tolerance.

Accounts

Trading Platforms

BX Trade offers a comprehensive electronic trading platform accessible from both desktop and mobile devices. This flexibility allows traders to manage their investments wherever they are, making it convenient for various trading styles and schedules. Whether sitting at a desk or on the move, traders can monitor the markets, execute trades, and manage their portfolios at their convenience.

Furthermore, the platform is designed to be user-friendly with real-time market data and automated systems, serving both seasoned traders and those new to the world of binary options on cryptocurrency.

Trading Platforms

Deposits & Withdrawals

BX Trade has chosen to implement the Biance Smart Chain (BSC) to handle deposits and withdrawals. This system provides a fast, cost-effective method for transferring funds and potentially boosts the efficiency of trading operations. Users are enabled to swiftly deposit and withdraw funds for trading purposes. While BX Trade's decision to use the secure and reliable BSC platform enhances transaction efficiency and convenience, prospective traders should also familiarize themselves with the details of BSC operations, as this forms an integral part of BX Trade's service offerings.

Deposits & Withdrawals

Customer Service

BX TRADE provides various customer service options to assist its clients in different areas. Customers can reach out to BX TRADE through the channels to address their queries and concerns as below:

Email: support@bxtrade.net.

Address: 3rd Floor, Bank of Saint Lucia Limited, Bridge Street, Castries, Saint Lucia.

contact details

Conclusion

BX Trade is a Saint Lucia-based brokerage firm offering binary options on cryptocurrencies as trade instruments to its clients. Potential investors, however, should exercise diligence due to BX Trade's unregulated status. The lack of regulation represents a considerable warning sign as brokers under stringent financial regulation are better-equipped to protect clients' interests from potential malfeasance. Additionally, the firm's singular webpage with scarce information raises further concerns around its transparency practices.

Therefore, individuals considering BX Trade for their trading needs should proceed cautiously, conduct exhaustive research, and evaluate other well-regulated brokers that place a greater emphasis on transparency, security, and client protection.

Frequently Asked Questions (FAQs)

Q 1: Is BX Trade regulated?
A 1: No. It has been verified that this broker is currently under no valid regulations.
Q 2: What kind of trading instruments does BX Trade offer?
A 2: BX Trade is a Saint Lucia-based brokerage firm offers binary options on cryptocurrencies as market instruments to traders.
Q 3: Is BX Trade a good broker for beginners?
A 3: No. It is not a good choice for beginners because it is unregulated by any recognized financial authorities.
Q 4: Whats the minimum deposit does BX Trade request?
A 4: BX Trade request a minimum deposit of $1.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

BX Trade

Abbreviation

BX Trade

Regulatory Status

No Regulation

Platform registered country and region

Saint Lucia

Company website
Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • 3rd Floor, Bank of Saint Lucia Limited, Bridge Street, Castries, Saint Lucia.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@bxtrade.net

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com