BCP Ltd is a forex broker allegedly located in London. In the review below, we take an in-depth look at the features BCPltd.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about BCPLtd.
Table of Contents
BCP Trading Platform
Bcpgltd.com in some aspects look professional but fails in other aspect due to its questionable design choices and implementation. The website of BCP Forex broker feels empty as it doesn’t provide necessary and required information isn’t provided.
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At first glance we discover that this broker supports the MT5 trading platform. They use this platform to offer assets such as Forex (with leverages up to 1:200) CFDs, Indices, Stocks, and Precious metals.
Another thing we noticed is that BCP claims that it is located in UNIT G25 WATERFRONT STUDIOS, 1 DOCK ROAD, LONDON, UNITED KINGDOM, E16 1A but the websites default language is in Chinese.
BCP Ltd Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has doesn’t give information about the account types they have
BCP Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker doesn’t give any information on its deposit and withdrawal methods. Normally, brokers utilize payment options such as Visa, MasterCard, Neteller and Skrill.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is BCP Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
BCP Forex broker claims to be located in UNIT G25 WATERFRONT STUDIOS, 1 DOCK ROAD, LONDON, UNITED KINGDOM, E16 1A. This address means that they should be regulated under the FCA in the UK.
We know this company is not licensed but to perform due diligence, in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with BCPltd.com as they don’t give any information concerning if they are a regulated broker.
BCP limited is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.