BeFX Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-27 18:23Abstract：BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
| BeFX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Chile |
| Regulation | Unregulated |
| Market Instruments | Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | / |
| Trading Platform | XOH trading platform |
| Min Deposit | $500 |
| Customer Support | Tel: 56232767335 |
| WhatsApp: 569 3418 9983 | |
| Email: clientes@mundobefx.com | |
| Address: El Bosque Norte #0123 Oficina 603 Las Condes, Santiago | |
BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
Pros and Cons
| Pros | Cons |
| Diverse trading products | Unregulated |
| Demo accounts | No MT4 or MT5 |
| Multiple account types | High minimum deposit |
| Popular payment options |
Is BeFX Legit?
No. BeFX has no regulations currently. Please be aware of the risk!
What Can I Trade on BeFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Basic | Silver | Gold | Black |
| Min Deposit | $500 | $500 | $2,000 | $10,000 |
Leverage
BeFX offers the maximum trading leverage of up to 1:200 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| XOH Trader platform | ✔ | Desktop, Android, IOS | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
BeFX accepts payments via webpay.cl, MasterCard, Visa, Wire Transfer, Skrill, and Neteller.
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