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 | |
Founded | 2018 |
Registered Country/Region | UK |
Regulation | No regulation |
Market Instruments | Forex, Commodities, Stocks, Indices |
Demo Account | ✅ |
Leverage | Up to 1:100 |
Spread | From 2.0 pips (Classic Account) |
Trading Platform | MetaTrader 4 |
Minimum Deposit | $250 |
Customer Support | Email: support@bsifx.com, info@bsifx.com |
Tel: +44 20 7097 7197 |
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.
Pros | Cons |
Many payment options | No regulation |
Offers MT4 platforms | Limited trading products |
Demo account available | High minimum deposit of $250 |
Free deposit and withdrawal |
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!
BSIFX offers over 100 instruments, including forex, commodities, indexes and stocks.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
ETFs | ❌ |
Cryptos | ❌ |
Bonds | ❌ |
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 Type | Minimum Deposit | Maximum Leverage | Spread |
Classic | $250 | 1:100 | From 2.0 pips |
Golden | $30,000 | 1:100 | From 1.5 pips |
VIP | $100,000 | 1:100 | From 1.0 pips |
BSIFX offers leverage of up to 1:100. A high leverage ratio brings high returns along with high risks.
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 Fees | Details |
Deposit Fee | Free |
Withdrawal Fee | Free |
Inactivity Fee | Not mentioned |
Trading Platform | Supported | Available Devices | Suitable for |
MetaTrader 4 (MT4) | ✔ | Windows, iOS, Android | Beginners |
MetaTrader 5 (MT5) | ❌ | / | Experienced traders |
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 Deposit | Fees | Processing Time |
Credit card, Wire Transfer, E-wallets | $250 | Free | Not mentioned |
Withdrawal Options | Minimum Withdrawal | Fees | Processing Time |
Credit card, Wire Transfer,E-wallets | $50 | Free | Same business day if requested before 12 pm (KSA); next business day if after |