Introduction to BICFX.com
BICFX.com is an online broker that allows investors to trade in the foreign exchange market. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). BICFX.com offers two trading platforms: the MetaTrader 4 platform and the WebTrader platform. The MetaTrader 4 platform is a popular trading platform that is used by many online brokers. The WebTrader platform is a newer platform that was developed by BICFX.com.
BICFX.com offers a variety of features and services for its clients. These include tight spreads, fast execution speeds, a wide range of currency pairs, and 24/7 customer support.
BICFX.com Regulation
BICFX.com is an online broker that offers forex and CFD trading. The company is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC).
BICFX.com offers two types of trading platforms: the MetaTrader 4 (MT4) platform and the WebTrader platform. The MT4 platform is a popular choice for many traders as it is easy to use and has a wide range of features. The WebTrader platform is a web-based platform that is easy to use and does not require any software installation.
The minimum deposit for a live account is $500, and the minimum trade size is 0.01 lot. Leverage up to 1:500 is available for retail clients.
BICFX.com provides negative balance protection which means that your account balance cannot go below zero. This protects you from incurring debts in case of sustained losses in your trades.
There are no deposit or withdrawal fees charged by BICFX.com, but there may be fees charged by your bank or payment processor. Withdrawals are processed within 24 hours on weekdays.
The customer service team can be contacted via live chat, telephone, or email, and they are available 24/5 except on weekends. There is also an extensive FAQ section on the website that covers most topics related to trading with BICFX.com.
BICFX.com Platforms
BICFX.com offers two different trading platforms, the MetaTrader 4 (MT4) and the Web Trader. The MT4 is a popular platform among traders and is available for download on the BICFX website. The Web Trader is a web-based platform that can be accessed from any internet browser.
The MT4 platform offers a variety of features such as:
– Customizable interface
– A wide range of technical indicators
– Advanced charting tools
– One-click trading
– Expert Advisors (EAs)
The Web Trader platform offers these features:
– Simple and user friendly interface
– Real time quotes and charts
– One-click trading
– Economic calendar
Both platforms allow traders to trade a variety of instruments including Forex, CFDs, Indices, Commodities, and Cryptocurrencies.
BICFX.com Pros and Cons
BICFX.com is a forex broker that offers online trading in currency pairs, CFDs, and precious metals on the MetaTrader 4 and Sirix platforms. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The main advantages of trading with BICFX.com are:
– Tight spreads from 0.1 pips on major currency pairs
– No commissions on Forex trading
– Leverage up to 1:500
– Negative Balance Protection
– Fast order execution
– MetaTrader 4 and Sirix trading platforms
– 24/5 customer support
Some of the disadvantages of trading with BICFX.com are:
– Limited number of tradable instruments (28 currency pairs, 3 CFDs, and 2 precious metals)
– US clients are not accepted
BICFX.com Trader’s Ratings
BICFX.com has a strong reputation among traders, with a TrustScore of 4.5 out of 5 on Trustpilot. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), and offers two trading platforms: MetaTrader 4 and WebTrader.
The company has a wide range of tradable assets, including forex pairs, cryptocurrencies, commodities, indices, and shares. It also offers competitive spreads and leverage of up to 1:500.
One downside of BICFX.com is that it does not currently offer a mobile trading app. However, the WebTrader platform is mobile-friendly and can be accessed from any device with an internet connection.
Overall, BICFX.com is a reliable broker that offers a great selection of tradable assets and competitive spreads.
Conclusion
Overall, BICFX.com is a reliable broker with a good reputation. They offer a variety of trading platforms and tools, as well as excellent customer service. However, there are a few things to be aware of before you start trading with them. First, their spreads can be high compared to other brokers. Second, they don’t have the best selection of currency pairs available for trade. And finally, their leverage is only 1:100, which is low compared to some other brokers. But overall, BICFX.com is a good broker that’s worth considering for your forex trading needs.