Bedafx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 12:00

Abstract：Bedafx is a trading platform. The VFSC has revoked its license, leaving Bedafx without valid regulation and oversight from any government or financial authority. Furthermore, there are indications that the official website of Bedafx is currently inaccessible, raising suspicions of a potential absconding by the trading platform. Bedafx offered a range of trading instruments across multiple asset classes. Operating with their Standard account as the sole option, Bedafx allowed traders to access these instruments.

BedafxReview Summary
Founded	Not mentioned
Registered Country/Region	Vanuatu
Regulation	No regulation
Market Instruments	Forex, CFDS
Demo Account	Not mentioned
Leverage	Up to 1:400
Spread	around 3.3 pips
Trading Platform	MT4
Min Deposit	$500
Customer Support	4000602789
Customer Support	info@bedafx.cnsupport@bedafx.com

Bedafx Information

　　Bedafx, a broker registered in Vanuttu, allows traders to trade Forex and CFDs using the MT4 platform. It is currently in a state without any supervision, carrying certain risks.

Pros and Cons

Pros	Cons
Support MT4	No regulation
	Few types of trading instruments
	The minimum deposit threshold is up to $500
	The spread is as high as 3.3 pips
	Standard account only

Is Bedafx Legit?

　　Bedafx's license was revoked and it is in an abnormal regulatory state. At present, it has certain risks.

What Can I Trade on Bedafx?

　　Bedafx offers traders different trading instruments, including 20 foreign exchange pairs, which allow traders to trade contracts for Difference (CFDS) on precious metals such as gold, silver, platinum and palladium, as well as energy products CFDS, which provide exposure to the price movement of commodities such as crude oil, natural gas and other energy derivatives.

Tradable Instruments	Supported
Forex	✔
CFDS	✔
Precious metals & Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
ETF	❌

Account Types

　　Bedafx mainly provides a standard account, which is the main account that traders can choose from. The minimum deposit required for this account is $500.

Leverage

　　The maximum leverage offered by Bedafx is 1:400, which is relatively high.

Bedafx Fees

　　The spread offered by Bedafx for the euro/dollar is hovering around 3.3 pips, which is already high. In addition, this broker does not provide detailed information on the commission.

Trading Platform

　　Bedafx offers the MT4 trading platform, which can be used anytime, anywhere on mobile devices.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile	Beginner
MT5	❌

Deposit and Withdrawal

　　The payment method of this broker is not publicly stated, only that the minimum deposit is $500.

Customer Service

　　Bedafx does not offer traders a 24/7 online service. There are two ways traders can get customer support: by phone and by email.

Contact Options	Details
Phone	4000602789
Email	info@bedafx.cnsupport@bedafx.com
Support Ticket System	❌
Online Chat	❌
Social Media	❌
Physical Address	❌