Introduction
When it comes to online trading, there are a lot of options out there. And with so many options, it can be hard to know which ones are legitimate and which ones are scams. One website that has been getting a lot of attention lately is BsappsFX.com. But is this website a scam or not? In this review, we will take a look at the website and its offerings to see if it is something that you should be using for your online trading needs.
What is BsappsFX.com?
BsappsFX.com is an online broker that offers a wide range of financial instruments for trading. The company is headquartered in Belize and is regulated by the International Financial Services Commission (IFSC). BsappsFX.com offers its clients a platform for trading forex, CFDs, and commodities. The company also provides access to a wide range of educational resources to help its clients learn about online trading.
How does BsappsFX.com work?
BsappsFX.com is an online broker that provides a platform for people to trade currency pairs, commodities, stocks, and indices. The company has been in operation since 2013 and is owned by Bsapps Limited, which is registered in England and Wales.
The company offers a demo account to new users so they can try out the platform before committing to trading with real money. There is also a mobile app available for Android and iOS devices.
To start trading on BsappsFX.com, users need to deposit funds into their account using a credit/debit card or bank transfer. Once the funds have been deposited, they can then start trading immediately.
The company makes money by charging a commission on each trade that is made. Commissions are charged at a rate of 0.3 pips per lot traded (1 lot = 100,000 units).
Is BsappsFX.com a scam or not?
BsappsFX.com is a popular online trading platform that offers users the ability to trade forex, CFDs, and precious metals. The site is owned by BsappsFX Ltd., a company that is registered in Saint Vincent and the Grenadines. While the company claims to be regulated by the Financial Services Authority (FSA), there is no information on the website about this regulation.
The company offers a leverage of up to 1:500 and promises fast execution of trades with no re-quotes. minimum deposit on the site is $100, and users can withdraw their funds at any time with no fees charged.
BsappsFX.com has mixed reviews online, with some users claiming it is a scam while others say they have had a positive experience using the platform. It is important to note that there are several complaints about the customer service team, with some users stating that they have been unable to get responses to their inquiries. There are also reports of delayed or missing withdrawals. Overall, it seems that there are more negative than positive reviews of BsappsFX.com online.
Pros and Cons
If you are looking for a reliable and trustworthy forex broker, then you may have come across BsappsFX.com. In this BsappsFX.com review, we will take a look at the pros and cons of this broker to help you decide if they are right for you.
Pros:
– BsappsFX is a regulated broker by the Financial Conduct Authority (FCA) in the UK. This means that they are held to high standards of financial regulation and safety, which can give traders peace of mind when using their platform.
– They offer a wide range of currency pairs to trade, as well as other CFDs such as commodities, indices and shares. This gives traders plenty of choice when it comes to finding an instrument to trade that suits their needs.
– Their trading platform is simple and easy to use, making it suitable for both beginner and more experienced traders alike.
Cons:
– There have been some complaints made about customer service response times being slow. However, this is not always indicative of the quality of customer service provided and may just be down to busy periods.
– Some users have also reported difficulties withdrawing funds from their account. Again, this could be due to busy periods or technical issues on the broker’s end, but it is something to be aware of nonetheless.
Conclusion
Websites like BsappsFX.com are always a bit suspect. They claim to offer amazing products and services, but when you try to use them, you quickly realize that they’re nothing more than a scam. In our opinion, BsappsFX.com is no different. We would recommend avoiding this website entirely and finding a better, more reputable option for your needs.