Thinking of getting into business with Bond Forexx? Here is what you must know about this broker. Carefully read this review to find out if bondforexx.com is the trading platform you will want to trade with.
Table of Contents
About Lsa Trading Broker
Lsa Trading is an offshore brokerage company with a lot of promises for traders. The broker is incorporated in St. Vincent & the Grenadines.
There are different account types the broker offers. See below.
To clarify, regardless of the trading instruments Bond Forexx claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
bondforexx.com: Reasons to Avoid This Broker
Firstly, bondforexx.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money because St. Vincent & the Grenadines is the place for scammers to claim legit financial services. This is not the case as FX traders have been warned against St. Vincent & the Grenadine’s brokers.
Secondly, we noticed bondforexx.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. 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 withdrawal policy, Bond Forexx withdrawal process takes 1 business day for Credit cards, Skrill, Bitcoin and Neteller. Whereas, it requires 3 to 5 business days on Bank Transfer. Added, the broker discusses minimum withdrawal amount as $10 as well as $500.
Minimum Deposit
Bond Forexx minimum deposit is pegged at $100 according to the account type.
As for the payment methods, the broker discusses Credit cards, Skrill, Bitcoin, Bank Transfer and Neteller. But, you should not consider making any payment with this broker because it is a risk. So beware!
Bond Forexx Platform
Bond Forexxoffers Web Trader and MT5 (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.
Bond Forexx 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 which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
Instead, Trade with TOP RATED BROKERS
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Accepts Traders Worldwide
Minimum Trade Deposit $100
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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 bondforexx.com a Reliable Broker?
No, bondforexx.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 find out 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.