BEST Spreads, leverage, minimum deposit Revealed

　　Note: BEST's official website: https://www.bestfxgroup.com/ is currently inaccessible normally.

BEST Information

　　BEST is an unregulated brokerage firm. Best Holdings Limited (BHL) is one of the pioneers in the area of the construction sector, which is significantly contributing to national infrastructure development.

　　BEST has built its own house of expertise in the technology exclusively to meet complex structures like Extra dozed PC Box Girder Bridge, Pre-Stress Concrete Girder Bridges, RCC Bridges, Culverts, Irrigation Projects, Roads and highways construction development and building of high rise complexes construction, Five-star Hotel Construction, Luxurious property development and other industrial establishments. The company offers Meta Trader 4 (MT4) and Meta Trader 5 platforms for trading.

Is BEST Legit？

	National Futures Association (NFA)
Current Status	Unauthorized
License Type	Common Financial Service License
License No.	0508612
Licensed Institution	BEST HOLDING GROUP LIMITED

　　BEST claims regulation by the National Futures Association (NFA) in the United States. However, according to the NFA, BEST's current status is “Unauthorized.”

　　Caution is advised when dealing with BEST. To maintain financial security and regulatory compliance, one must conduct exhaustive research and obtain expert counsel before engaging with them.

Downsides of BEST

• Unavailable Website

　　The official website of BEST Trading is currently not functioning, evoking issues with consistency and attending to customer demands.

• Lack of Transparency

　　There is very little information openly available online about BEST Trading. This deficit of transparency goes against industry standards, hampering investors' ability to make informed judgments.

• Regulatory Concerns

　　While BEST asserts regulation by the NFA in the US, its claims appear to lack authorization and risk distorting the facts.

• Financial trap

　　According to WikiFX, one user described how they were deceived by promises of effortless profits, but subsequent requests ultimately amounted to a financial snare, enticing them to part with money for nothing in return.

• Scam platform

　　According to WikiFX, a user detailed the multi-stage pyramid scheme operated across several channels on the platform, deliberately deceiving victims with assurances of overnight wealth, as reported by BEST.

Negative BEST Reviews on WikiFX

　　On WikiFX, “Exposure” is posted as a word of mouth received from users.

　　Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

　　As of now, there are two types of BEST exposure in total.

　　Exposure. Financial trap

　　The user described how he was deceived by the promise of easy money, but the subsequent request turned out to be a financial trap, enticing them to hand over money without getting anything in return. You may visit: https://www.wikifx.com/en/comments/detail/Co202312223951259343.html

　　Exposure. Scam platform

　　The user described the details of a multi-step Ponzi scheme that operated across social services and various private messages on the platform, designed to deceive victims and promise them easy wealth overnight. You may visit: https://www.wikifx.com/en/comments/detail/202212044422271572.html

Conclusion

　　Trading with BEST may pose security risks as they are listed as “Unauthorized” by the National Futures Association (NFA), despite their claims of regulation. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.