BIC Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-28 17:30

Abstract：BIC Markets is a broker. The tradable instruments, with demo and real accounts with a maximum leverage of 1:100, include forex, metals, energy, and indices. The minimum deposit is $100. BIC Markets is still risky due to its exceeded status.

BIC Markets Review Summary
Founded	2024-03-15
Registered Country/Region	Cambodia
Regulation	Exceeded
Market Instruments	Forex, Metals, Energy & indices
Demo Account	✅
Leverage	Up to 1:100
Spread	Not mentioned
Trading Platform	MT4(iOS, Windows, Android)
Min Deposit	$100
Customer Support	Phone: +855-023 966 669
	Email: info@bicmarkets.com.kh
	Online Chat
	Social Media: Facebook, Instagram, YouTube

BIC Markets Information

　　BIC Markets is a broker. The tradable instruments, with demo and real accounts with a maximum leverage of 1:100, include forex, metals, energy, and indices. The minimum deposit is $100. BIC Markets is still risky due to its exceeded status.

Pros and Cons

Pros	Cons
MT4 available	Exceeded
Demo account available	Minimum spread unspecific
Leverage up to 1:100

Is BIC Markets Legit?

　　SERC only regulates BIC Markets, but its status is exceeded which is not as safe as a regulated one, even though it also claims to be regulated by NCCC.

What Can I Trade on BIC Markets?

　　Traders can choose different investment directions because the broker provides forex, metals, energy, and indices.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energy	✔
Indices	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　Traders can open real and demoaccounts at BIC Markets. Traders who want to practice without real investment can open a demo account.

Account Type	Built-in account
Trading Platform	MetaTrader 4(iOS, Windows, Android)
Trading instruments	Forex, Metals, Energy & indices
Fifth Decimal	Yes
Max leverage	1:100
Execution	Market Execution
Minimum opening deposit	USD$100
Minimum trade size	0.01 lot
Trade size increment	0.01 lot
Maximum Total Trade Size	50 standard lots per position
Maximum Simultaneous Open Orders	300
Margin Call / Stop out level	80%/50%
Account Currency	USD
Commission	No
Limit and Stop Levels	Starting from 2 points

BIC Markets Fees

　　The commission is free and the spread is not mentioned.

Leverage

　　The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Trading Platform

　　BIC Markets has an authoritative MT4 trading platform for iOS, Windows, and Android. Compared with MT5, junior traders prefer MT4.

Trading Platform	Supported	Available Devices
MT4	✔	iOS, Windows, Android

Deposit and Withdrawal

　　The minimum deposit is $100. BIC Markets offers multiple deposit and withdrawal methods processed within 5 days, including cash deposit, bank, deposit by check, and domestic/international money transfer. Cash deposits and bank transfers are processed within 2 hours.

Customer Support Options

　　Traders can contact BIC Markets via phone, email, online chat, and social media to consult or learn, including Facebook, Instagram, and YouTube.

Contact Options	Details
Phone	+ 855-023 966 669
Email	info@bicmarkets.com.kh
Online Chat	✔
Social Media	Facebook, Instagram, YouTube
Supported Language	Khmer
Website Language	Khmer
Physical Address	9 Registration Address: Building No. 462, Monivong Blvd., Village 13, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, Kingdom of Cambodia Tel: (855) 23 966669.