Score
BIC Markets
Cambodia|5-10 years| https://www.bicmarkets.com.kh/
Website
Rating Index
Contact
Licenses
Licensed Institution：B.I.C. Markets Co.,ltd
License No.：011
Single Core
1G
40G
1M*ADSL
- This broker exceeds the business scope regulated by Cambodia SERC(license number: 011)SECC Common Financial License Non-Forex License. Please be aware of the risk!
Basic information
Cambodia
5-10 years Regulated in Cambodia Common Financial Service License Suspicious Scope of Business Suspicious Overrun Medium potential riskAccount Information
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Mkt. Analysis
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WikiResearchWebsite
bicmarkets.com.kh
Server Location
Australia
Website Domain Name
bicmarkets.com.kh
Server IP
109.73.228.157
Company Summary
| BIC Markets Review Summary | |
| Founded | 2024-03-15 |
| Registered Country/Region | Cambodia |
| Regulation | Exceeded |
| Market Instruments | Forex, Metals, Energy & indices |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | Not mentioned |
| Trading Platform | MT4(iOS, Windows, Android) |
| Min Deposit | $100 |
| Customer Support | Phone: +855-023 966 669 |
| Email: info@bicmarkets.com.kh | |
| Online Chat | |
| Social Media: Facebook, Instagram, YouTube | |
BIC Markets Information
BIC Markets is a broker. The tradable instruments, with demo and real accounts with a maximum leverage of 1:100, include forex, metals, energy, and indices. The minimum deposit is $100. BIC Markets is still risky due to its exceeded status.
Pros and Cons
| Pros | Cons |
| MT4 available | Exceeded |
| Demo account available | Minimum spread unspecific |
| Leverage up to 1:100 |
Is BIC Markets Legit?
SERC only regulates BIC Markets, but its status is exceeded which is not as safe as a regulated one, even though it also claims to be regulated by NCCC.
What Can I Trade on BIC Markets?
Traders can choose different investment directions because the broker provides forex, metals, energy, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Traders can open real and demoaccounts at BIC Markets. Traders who want to practice without real investment can open a demo account.
| Account Type | Built-in account |
| Trading Platform | MetaTrader 4(iOS, Windows, Android) |
| Trading instruments | Forex, Metals, Energy & indices |
| Fifth Decimal | Yes |
| Max leverage | 1:100 |
| Execution | Market Execution |
| Minimum opening deposit | USD$100 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 lot |
| Maximum Total Trade Size | 50 standard lots per position |
| Maximum Simultaneous Open Orders | 300 |
| Margin Call / Stop out level | 80%/50% |
| Account Currency | USD |
| Commission | No |
| Limit and Stop Levels | Starting from 2 points |
BIC Markets Fees
The commission is free and the spread is not mentioned.
Leverage
The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.
Trading Platform
BIC Markets has an authoritative MT4 trading platform for iOS, Windows, and Android. Compared with MT5, junior traders prefer MT4.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | iOS, Windows, Android |
Deposit and Withdrawal
The minimum deposit is $100. BIC Markets offers multiple deposit and withdrawal methods processed within 5 days, including cash deposit, bank, deposit by check, and domestic/international money transfer. Cash deposits and bank transfers are processed within 2 hours.
Customer Support Options
Traders can contact BIC Markets via phone, email, online chat, and social media to consult or learn, including Facebook, Instagram, and YouTube.
| Contact Options | Details |
| Phone | + 855-023 966 669 |
| info@bicmarkets.com.kh | |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, YouTube |
| Supported Language | Khmer |
| Website Language | Khmer |
| Physical Address | 9 Registration Address: Building No. 462, Monivong Blvd., Village 13, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, Kingdom of Cambodia Tel: (855) 23 966669. |
Keywords
- 5-10 years
- Regulated in Cambodia
- Common Financial Service License
- Suspicious Scope of Business
- Suspicious Overrun
- Medium potential risk
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