BACB Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 18:35

Abstract：BACB is a bank headquartered in the United Kingdom and has strong presence of business across Europe, Africa and Middle East. Their financial services fall into three categories: trade finance, treasury finance and real estate finance. However, it's of great importance to note that the bank currently operates without valid regulatory oversight, which raises concerns about its legitimacy and liability.

BACB Review Summary
Founded	1972
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Trade finance; Treasury services(forex trading, fixed income, swaps, derivatives, yield enhanced deposits, etc); Real estate finance: residential mortgage( commercial mortgage)
Customer Support	Phone: +44 20 4532 5000Address: 8-10 Mansion House Place, London, EC4N 8BJ, UK

BACB Information

　　BACB is a UK-based bank with markets in Europe, Africa and the Middle East. Their financial services are divided into three categories: trade finance, fiscal finance and real estate finance. They focus more on trade flows in Africa and the Middle East and property in the UK. It has representative offices in Abidjan, Algiers and Tripoli.

Pros and Cons

Pros	Cons
Wide range of financial services	Unregulated state
Many years of industry experiences	Lack of fees information on official website
Markets located in Africa and the Middle East

Is BACB Legit?

　　BACB now operates without any legitimate regulation from financial institutions.

What Can I Trade on BACB?

　　BACB mainly offers traders three types of services, including Trade Finance, Treasury Services and Real Estate Finance.

　　Trade Finance: offeringLetters of Credit, secure settlements; Guarantees and Bonds, ensuring contractual obligations are met; and Collections, simplifying document handling for transactions.

　　Treasury Services: foreign exchange solutions tailored for volatile markets. In addition, BACB offers a wide range of financial products, including money markets, fixed income, swaps, derivatives, and yield-enhancing deposits.

　　Real Estate Finance: real estate finance solutions for the residential and commercial real estate industries.

　　BACB offers loans of up to 65% on properties worth more than £2 million in London and certain parts of southern England. They also provide commercial mortgages to a wide range of property types across the UK, including office, retail, leisure, industrial and accommodation businesses.