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Beinmarkets

Beinmarkets | 2024-10-11 15:20

摘要:Beinmarkets, a broker based in Kuwait, lacks proper regulation, raising concerns about the level of risk associated with engaging in financial activities with this broker. Be cautious and fully aware of the potential risks before considering any transactions or investments. Beinmarkets offers trading opportunities in major global indices, forex, shares, metals, oil, and cryptocurrencies. They provide two main types of trading accounts: ZERO COMMISSION and ECN accounts, each with sub-account options. The leverage offered is up to 1:500, and spreads and commissions vary depending on the account type. Beinmarkets supports various deposit and withdrawal methods, covering the associated fees. They offer the METATRADER MT4 MultiTerminal and multiple MT4 trading platforms for trading on different devices. The Multi-Account Manager (MAM) is available for traders with multiple accounts. Beinmarkets provides trading tools such as Trading Central, the MT4 Accelerator Pack, VPS Hosting, an Economi

BeinmarketsReview Summary
Founded2019
Registered Country/RegionKuwait
RegulationNo regulation
Market InstrumentsForex, Metals, Indices, Oil, Cryptocurrencies, Stocks
Demo Account✅
LeverageNot mentioned
SpreadFrom 0 pips
Trading PlatformMT4, MAM and MT5
Min Deposit$50
Customer SupportPhone: (+965)222 88 314
Email: einfo@beinmarkets.com
Social Media: Facebook, Instagram, YouTube, Telegram
Online Chat
Kuwait City, Ali Al Salem Street, Pearl Tower l, sixth floor, office No.2

Beinmarkets Information

Beinmarkets, a securities firm incorporated in Kuwait in 2019. It mainly provides trading instruments such as Forex, Metals, Indices, Oil, Cryptocurrencies and Stocks, and provides three trading platforms and four accounts for traders. It is currently unregulated and less secure.

Beinmarkets Information

Pros and Cons

ProsCons
Starting from 0 commissionNo regulation
Spread from 0 pips
Three trading platforms are supported
Many instruments can be traded

Is Beinmarkets Legit?

It can be seen that the official website of Beinmarkets was registered in 2019, and it is now in an unregulated state, which has certain security risks.

Is Beinmarkets Legit?
Is Beinmarkets Legit?

What Can I Trade on Beinmarkets?

BENEFOREX can trade a wide range of indices such as the US Wall Street 30 and UK 100, major, minor and uncommon forex pairs, and stocks. In addition, there are metals such as gold and silver, and oil products such as WTI and Brent crude. Finally, it also offers cryptocurrency trading.

Tradable InstrumentsSupported
Forex✔
Metals✔
Indices✔
Oil✔
Cryptocurrencies✔
Stocks✔
Bonds❌
ETF❌
What Can I Trade on Beinmarkets?

Account Types

There are four types of BENEFOREX accounts in two main categories.

The first category is ZERO COMMISSION, including Classic Account and Premium Account, with 0 commission and minimum spread starting from 1.2pips.

The other category is ECN, which also contains the Classic Account and the Premium Account, and provides the original spread, but the commission is at least $12.

The minimum deposit requirement for each account is $50 and the maximum is +$10,000.

Account TypesClassic Account (ZERO COMMISSION)Premium Account (ZERO COMMISSION)Classic Account (ECN)Premium Account (ECN)
Minimum Deposit$50+ $10,000$50+ $10,000
Spreadas low as 2 PIPsas low as 1.2 PIPsRawRaw
Commission00$20$12
Account CurrencyUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBP
Trading PlatformMT4/Webtrader/Multi TerminalMT4/Webtrader/Multi TerminalMT4 / Webtrader / Multi TerminalMT4/Webtrader/Multi Terminal
Dedicated Account Executive×✓×✓
Trading Central Complete Suite of Tools×✓×✓
Live Market Updates✓✓✓✓
Access to Social Media Competitions✓✓✓✓
Trading on Steroids with MT4 Accelerator×✓✓✓
Account Types
Account Types

Beinmarkets Fees

The ZERO COMMISSION account at Beinmarkets offers zero commission with a spread starting at 1pip.

ECN account 0 spread, commission from $8.

Beinmarkets Fees

Trading Platform

BENEFOREX supports three trading platforms, MT4, MAM and MT5. You can choose to use it on the web, desktop or mobile as required.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4✔Web, Desktop, MobileBeginner
MAM✔DesktopBeginner
MT5✔Web, Desktop, MobileSkilled traders
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

BENEFOREX provides the same types of money in and out: CREDIT/DEBIT CARDS, BANK WIRE, EWALLETS, CHEQUE, and CRYPTOCURRENCY. The types of currencies and fees they support vary. The minimum deposit required is $50.

OptionsCurrenciesFees
CREDIT / DEBIT CARDS(VISA / Mastercard)AUD, CAD, CHF, EUR, GBP, HKD, LBP, NZD, SGD, USDCovered by Beinmarkets
BANK WIREAED, AUD, CAD, CHF, DKK, EUR, GBP, HKD, HUF, JPY, LBP, MXN, NZD, PLN, SEK,SGD, THB, TRY, USD, ZARCovered by Beinmarkets
EWALLETS(NETELLER / Skrill / fasapay)AUD, CAD, CHF, EUR, GBP,SGD, USD / CHF, EUR, GBP, USD / IDR, USDCovered by Beinmarkets
CHEQUEAUD, CAD, CHF, EUR, GBP, HKD, LBP, NZD, SGD, USDCovered by Beinmarkets
CRYPTOCURRENCYBTC1.8%
Deposit and Withdrawal

Customer Service

Beinmarkets says it offers a 24/7 online service. In addition, it provides customer service by phone, email, social media and physical address.

Contact OptionsDetails
Phone(+965)222 88 314
Emaileinfo@beinmarkets.com
Social MediaFacebook, Instagram, YouTube, Telegram
Online Chat✅
Website LanguageEnglish, Arabic
Physical AddressKuwait City, Ali Al Salem Street, Pearl Tower l, sixth floor, office No.2

The Bottom Line

Speaking of the advantages of Beinmarkets, commissions and spreads start at 0, three trading platforms and many tradable instruments... None of this, however, is worth the impact of being unregulated. There are certain risks in this broker that traders need to pay attention to.

FAQs

How long does it take for the deposited funds to reach the account?

Online payments will take no more than a few hours, bank transfers may take up to 3 days locally, up to 7 days internationally, and personal checks will take approximately 5 days from the date of bank clearing.

Can I trade on a Beinmarkets demo account?

Yes, it provides you with a demo account.

Can I withdraw funds to someone else's account/credit card?

No. Funds can only be withdrawn to an account/credit card with the same name as the individual's Beinmarkets trading account.

BrokerDealerForex tradingForex Chart

相关交易商

暂无监管
Beinmarkets
公司名称:ROYAL ETP LLC
天眼评分
1.37
官方网址:https://beinmarkets.com/
2-5年 | 监管牌照存疑 | 展业区域存疑 | 高级风险隐患
天眼评分
1.37

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