WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BFS

Malaysia|5-10 years|
Suspicious Scope of Business|High potential risk|

http://www.bfsforexonline.com

Website

Rating Index

Contact

support@BFSforex.com
http://www.bfsforexonline.com

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

BFS Market Ltd.

Abbreviation

BFS

Platform registered country and region

Malaysia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BFS · WikiFX Survey

Users who viewed BFS also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.92
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)MT4 Full License
Official website

BFS · Company Summary

Note: You can't access BFS's official website: https://www.bfsforexonline.com right now.

BFS Information

Established in 2020, BFS is an unregulated broker-dealer located in Malaysia. The company offers the MetaTrader 4 (MT4) platform for trading.

BFS Information

Is BFS Legit?

BFS seems to operate without any regulatory oversight. This lack of rules might put investors at higher risk, since no one watches over or makes sure they play fair.

Is BFS Legit?

Downsides of BFS

  • Unavailable Website

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

  • Lack of Transparency

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

  • Regulatory Concerns

Investors are unsure if BFS follows any rules, which makes them think twice about how safe the money is and if they can trust the company.

  • Withdrawal Difficulty

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

Negative BFS 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.

As of now, there were 3 pieces of BFS exposure in total. I will introduce 2 of them.

Exposure 1. Out of Contact

ClassificationOut of Contact
DateAugust 24, 2019
Post CountryHong Kong
Negative BFS Reviews on WikiFX

A user on WikiFX cited his challenges in using trading accounts and contacting the customer service of the broker. You may visit: https://www.wikifx.com/en/comments/detail/208081216424458.html

Exposure 2. Cannot withdraw money

ClassificationCannot withdraw money
DateSep 16, 2021
Post CountryMalaysia
Negative BFS Reviews on WikiFX

Another user complained on WikiFX about not being able to withdraw his money and that his account had been blocked. You may visit: https://www.wikifx.com/en/comments/detail/202109169302567265.html.

Conclusion

Using a non-regulated platform like BFS 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 3

3 Comments
Write a comment
All(3) Latest Exposure(3)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com