Thinking of getting into business with BestInvestorFX? Here is what you must know about this broker. Carefully read this review to find out if bestinvestorfx.com is the trading platform you will want to trade with.
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About BestInvestorFX Broker
BestInvestorFX is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from ST. VINCENT AND THE GRENADINES under a brand name called UNITED CAPITAL GROUP LTD.
There is a different account types the broker offers.
To clarify, in spite the trading instruments BestInvestorFX claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
bestinvestorfx.com: Reasons to Avoid This Broker
Firstly, bestinvestorfx.com is a platform with no financial authority overseeing its financial services. The license claims are not legit as Financial Services Authority does not monitor forex broker.
Secondly, we noticed bestinvestorfx.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, BestInvestorFX withdrawal process takes 2 working days and it claims zero withdrawal fee. There is a withdrawal fee of $30 on amount less than $1000.
Minimum Deposit
BestInvestorFX minimum deposit is pegged at $100 according to the account type.
As for the payment methods, the broker accepts Debit/Credit cards, and Bank Transfer. But, you should not consider making any payment with this broker because it is a risk. So beware!
BestInvestorFX Platform
BestInvestorFX offers Web Trader and MT4 (Industry standard trading platform), however, the option of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, it can get up to 1:400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
BestInvestorFX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is bestinvestorfx.com a Reliable Broker?
No, bestinvestorfx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.