Bid Broker Stocks-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Bid Broker Stocks, a trading name of Lengvin Partners., is allegedly an unregulated stock broker established in 2020 and registered in Saint Vincent and the Grenadines that claims to provide its clients with over 500 tradable financial instruments with variable spreads on the Status, BBSTrader and Web Trading platforms, as well as a choice of five different account types and 24/5 customer support service.

Market Instruments

Bid Broker Stocks advertises that it offers more than 500 trading instruments in financial markets, including forex (major, minor, exotic currency pairs), stocks (Facebook, Google, Apple shares, Nasdaq, S&P 500), indices, commodities (gold and crude oil) and cryptocurrencies.

Account Types

There are five live trading accounts offered by Bid Broker Stocks, namely Bronze, Silver, Gold, Platinum and VIP. Opening a Bronze account requires the minimum initial deposit amount of $250, while the other four account types have much higher minimum initial capital requirements of $1,000, $5,000, $10,000 and $25,000+ respectively.

Spreads

Bid Broker Stocks claims that different account types can enjoy quite different spreads. In particular, the Silver account has fixed and floating spreads up to 10%, the Gold account is up to 25%, the Platinum account is up to 35% and the VIP account is up to 55%.

Trading Platform Available

Platforms available for trading at Bid Broker Stocks are Status, BBSTrader and Web Trading. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Bid Broker Stocks accepts deposits and withdrawals via credit/debit cards (Visa, Maestro, MasterCard), Wire Transfer and Piastrix. The minimum initial deposit requirement is $250. Withdrawals are subjected to withdrawal processing and handling fees. Those fees will be deducted from the transferred withdrawn amount. Deposits usually take up to 5 business days, while withdrawals require 4-7 business days to process.

Bonuses & Fees

Bid Broker Stocks claims to offer some bonuses, however, bonuses only can be withdrawn subject to execution of a minimum trading volume of 25 times the deposit amount plus the bonus issued.

Also, the broker charges a dormant fee. If the trading account doesnt have trade within 6 months, the account becomes dormant and will be subject to a deduction of 10 % each month.

Customer Support

Bid Broker Stocks customer support can be reached by telephone: +44 (2035) 143016 (EN), +7 (495) 957-48-98 (RU), +43 (720) 14-50-29 (DE), +34 (932) 20-60-94 (ES), +39 (028) 736-0725 (IT), email: compliance.en@bid-broker-stocks.io, compliance.de@bid-broker-stocks.io, compliance.ru@bid-broker-stocks.io, compliance.it@bid-broker-stocks.io, compliance.es@bid-broker-stocks.io or send messages online to get in touch. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.