https://bidmarkets.com/en/
Website
No valid regulatory information, please be aware of the risk!
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40G
+44 (0) 2045771076
44 (0) 2045771076
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BidMarkets
BidMarkets
United Kingdom
Pyramid scheme complaint
Expose
Note: BidMarkets is to operate via the website - https://bidmarkets.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Detail |
Regulation | No Regulation |
Market Instrument | N/A |
Account Type | Standard |
Demo Account | N/A |
Maximum Leverage | 1:400 |
Spread | 1 pip |
Commission | N/A |
Trading Platform | N/A |
Minimum Deposit | $300 |
Deposit & Withdrawal Method | bank transfers, cash payments, credit/debit cards, Neteller and Skrill |
BidMarkets, a trading name of Bidmarkets Ltd & Dit Markets Ltd, is allegedly a financial service company registered in the United Kingdom that claims to provide its clients with leverage up to 1:400 and floating spreads from 1 pip.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, trading platforms, etc.
As for regulation, it has been verified that BidMarkets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.
Account Types
BidMarkets only offers one account type - Standard, with an initial deposit of $300. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by BidMarkets is capped at 1:400. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
BidMarkets claims that the spread is only 1 pip, while the industry average is 1.5 pips.
Deposit & Withdrawal
BidMarkets appears to accept bank transfers, cash payments and credit/debit cards as payment methods, as well as some well-known e-wallets such as Neteller and Skrill. The minimum initial deposit requirement is said to be $300.
Customer Support
BidMarkets‘ customer support can be reached by telephone: 44 (0) 2045771076, email: soporte@bidmarkets.com. You can also follow this broker on social networks such as Facebook. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Pros | Cons |
• Multiple payment options offered | • No regulation |
• Website inaccessible | |
• High minimum deposit ($300) |
Frequently Asked Questions (FAQs)
Q 1: | Is BidMarkets regulated? |
A 1: | No. It has been verified that BidMarkets currently has no valid regulation. |
Q 2: | What is the minimum deposit for BidMarkets? |
A 2: | The minimum initial deposit to open a Standard account is $300. |
Q 3: | Is BidMarkets a good broker for beginners? |
A 3: | No. BidMarkets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and its high initial deposit. |
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