Bilin Capital is another forex broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features bilincapital.com allegedly offers. This review basically answer the questions: is bilin capital legit? Is bilin capital reliable? 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 bilincapital forex broker.
Table of Contents
Bilin Capital Trading Platform
Bilincapital.com is made of average visuals and mediocre graphics. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web based platform to offer assets such as Forex (with leverages up to 1:100) commodities, ETFs and indices
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BilinCapital 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.
This broker does not give much information about its account types but it mention $500 being the minimum payable amount. This twice the acceptable minimum.
Bilin Capital 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.
The payment section only provides a bitcoin address for funding. We do not advice you to send any to them as transactions with bitcoin are hard if not impossible to trace or reverse
BilingCapital gives no information on withdrawals.
One 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 Bilin Capital 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.
The footer of bilincapital.com claims the broker is regulated by the FCA, CySEC, the Dubai Financial Services Authority (DFSA), and Financial Sector Conduct Authority of South Africa, and FINMA, the Swiss market regulator.
In order to verify these claims we visited each of the above mentioned regulator and we could not find any information pertaining to this broker
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
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Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
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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 fact-checking this broker, we found that many of its claims were either or false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we certainly lead to loss of your funds.