BFS Markets Ltd Review
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Fast Facts
Contact Info and Support
Traffic information
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About BFS Markets Ltd
BFS Markets Ltd was incorporated in the United Kingdom (Companies House company number 08661036), with a registered office at Chase Business Centre, 39–41 Chase Side, London N14 5BP, and was dissolved on 28 April 2015 (). A public notice from the Financial Services Commission of Mauritius states that the licence of BFS Markets Ltd was revoked on 26 November 2013 (). The Financial Conduct Authority (FCA) in the UK has no record of authorisation for BFS Markets Ltd ().
BFS Markets Ltd offered Forex and CFD trading, claiming to support MetaTrader 4 platforms, a minimum deposit of approximately US $5, an average spread around 2 pips, and leverage up to roughly 1:1000 (). Reports document client difficulties with withdrawing funds, poor customer support, and user allegations of scam activity (). The official corporate website is currently inaccessible ().
Pros and cons
Pros
- Reportedly low minimum deposit requirement (US $5) ().
- Use of MetaTrader 4 platform, supporting automated trading via Expert Advisors (EAs) ().
Cons
- License revoked by Mauritius FSC (2013), no valid regulation; FCA confirms no authorisation ().
- Company dissolved in the UK in April 2015 ().
- Numerous client complaints regarding withdrawal issues, poor support, and alleged fraudulent activity ().
- Official website unavailable, suggesting cessation of operations ().
