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Global Broker Regulation & Inquiry App

Score

0123456789
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/10

BPS

United Kingdom|5-10 years|
Suspicious Scope of Business|United Kingdom Appointed Representative(AR) Revoked|High potential risk|

https://www.bpscapital.co.uk/

Website

Rating Index

Contact

+44 20 7953 7233
info@BPSCapital.co.uk
https://www.bpscapital.co.uk/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 7953 7233

Other ways of contact

Broker Information

More

Company Name

BPS Capital Limited

Abbreviation

BPS

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 845858) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

BPS · WikiFX Survey
Danger A Visit to the Foreign Exchange BPS in UK - Finding No Office
United Kingdom

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BPS · Company Summary

Note: You can't access BPS's official website:https://www.bpscapital.co.uk/ right now.

BPS Information

BPS started in 2017 as an unregulated broker company with registration in the United Kingdom. The company offers the MetaTrader 4 (MT4) platform for trading.

BPS Information

Is BPS Legit?

BPS Capital Limited was an Appointed Representative (AR) previously regulated by the Financial Conduct Authority (FCA) in the UK. However, its credential identified as number 845858 is no longer valid.

Is BPS Legit?
The Financial Conduct Authority (FCA)
Current StatusRevoked
Regulated by United Kingdom
License TypeAppointed Representative(AR)
License No.845858
Licensed InstitutionBPS Capital Limited

Downsides of BPS

  • Unavailable Website

BPSs official website cannot be accessed at present. This raises concerns about reliability and accessibility.

  • Lack of Transparency

Investor understanding regarding what BPS remains limited due to insufficient information concerning this platforms operations and dependability.

  • Regulatory Concerns

It is unclear whether the company has any regulatory status, which makes it hard to trust its overall integrity and protect investors interests at large thus such matters have left its regulative position in doubt.

  • Withdrawal Difficulty

A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.

Negative BPS Reviews on WikiFX

On WikiFX, “Exposure” is indicated as a word of mouth; gotten from the users.

The recommendation for traders is to check the information and risks before engaging in dealing with the unregulated platform. If fraudulent brokers persist, you can report in our Exposure section and our team will help to solve such problems.

Negative BPS Reviews on WikiFX

As of now, there was 1 piece of BPS exposure in total. I will introduce it.

Exposure 1. Cannot withdraw money/Alleged Scam

ClassificationCannot withdraw money
DateNov 8, 2020
Post CountryHong Kong

Conclusion

Using a non-regulated platform like BPS can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.

Review 1

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