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BSIFX

WikiFX | 2024-10-10 10:40

Abstract:BSIFX is a global broker founded in 2018. It does not deliver clients' orders through a Dealing Desk. It offers a range of account types and supports MT4 platforms. BSIFX provides spread options starting from 2.0 pips for the classic account and offers leverage up to 1:100. It requires a minimum deposit of $250. However, it lacks any regulation.

BSIFX Review Summary
Founded2018
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsForex, Commodities, Stocks, Indices
Demo Account✅
LeverageUp to 1:100
SpreadFrom 2.0 pips (Classic Account)
Trading PlatformMetaTrader 4
Minimum Deposit$250
Customer SupportEmail: support@bsifx.com, info@bsifx.com
Tel: +44 20 7097 7197

BSIFX Information

BSIFX is a global broker founded in 2018. It does not deliver clients' orders through a Dealing Desk. It offers a range of account types and supports MT4 platforms. BSIFX provides spread options starting from 2.0 pips for the classic account and offers leverage up to 1:100. It requires a minimum deposit of $250. However, it lacks any regulation.

BSIFX Information

Pros and Cons

Pros Cons
Many payment optionsNo regulation
Offers MT4 platformsLimited trading products
Demo account availableHigh minimum deposit of $250
Free deposit and withdrawal

Is BSIFX Legit?

BSIFX is not regulated by any financial regulatory authorities. Besides, its domain status shows that client transferring is prohibited. Please be aware of the risks!

license
domain

What Can I Trade on BSIFX?

BSIFX offers over 100 instruments, including forex, commodities, indexes and stocks.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
ETFs❌
Cryptos❌
Bonds❌
assets

Account Types

BSIFX offers 3 types of trading accounts, each tailored to different account size, trading styles and experience levels. In addition, BSIFX provides demo accounts for practice. All accounts are in line with Islamic control. The accounts differ mainly in their spread structure and deposit sizes, allowing traders to choose the best fit based on their strategy.

Account TypeMinimum DepositMaximum LeverageSpread
Classic$2501:100From 2.0 pips
Golden$30,0001:100From 1.5 pips
VIP$100,0001:100From 1.0 pips
Account Types

Leverage

BSIFX offers leverage of up to 1:100. A high leverage ratio brings high returns along with high risks.

BSIFX Fees

Overall, BSIFX's trading fees are considered reasonable, especially with their flexible account types offering tight spreads.

Spreads: Start as low as 1.0 pips on the VIP account, and start from 2.0 pips on the classic account.

Commissions: Not mentioned.

Swap Fee: Not mentioned.

Non-Trading FeesDetails
Deposit FeeFree
Withdrawal FeeFree
Inactivity FeeNot mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 4 (MT4)✔Windows, iOS, AndroidBeginners
MetaTrader 5 (MT5)❌/Experienced traders
Trading Platform

Deposit and Withdrawal

BSIFX does not charge any deposit or withdrawal fees, making it cost-effective for clients to fund and withdraw from their trading accounts. However, there is a minimum deposit amount of $250.

Deposit Options Minimum DepositFees Processing Time
Credit card, Wire Transfer, E-wallets$250FreeNot mentioned
Withdrawal Options Minimum Withdrawal Fees Processing Time
Credit card, Wire Transfer,E-wallets$50FreeSame business day if requested before 12 pm (KSA); next business day if after
Deposit and Withdrawal

Related broker

No Regulation
BSIFX
Company name:BSIFX
Score
1.55
Website:https://bsifx.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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