Bex Options Review: bexoptions.com is a UK based broker that allows you to trade in all kinds of financial products – forex, cryptocurrencies, binary options, etc. They are supposedly located at 49 station Road, Polegate East Sussex, London UK.
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Trading Platform
Bex options uses the Metatrader4 and Metatrader 5 platforms which is known to be convenient for experienced and newbie traders.
What You Should Know About Bex Options Broker
- Bexoptions.com is unregulated. They claim to be regulated but the license number provided on their page is that of another company ‘Bex Trading Limited’which has nothing to do with Bex options.
- Undisclosed Trading Conditions. This a red flag that shouldn’t be overlooked. Bex options does not specify its target spreads or the leverage it provides.
- Unnecessary Fees. Bex Options demands a high initial fee of $1,000 and also a 20% fee for every withdrawal made.
- Shady deposit method. Though they claim to accept various means of deposits, on their dashboard we discovered they only accept cryptocurrencies like bitcoin, ethereum and litecoin.
Our Conclusion
We are not convinced with this broker. Our major concern is that they are unregulated. Unregulated brokers are often scammers. Also, FCA warns traders to stay away from this broker.
OUR RECOMMENDATION >> FORTRADE
They are the best brokers in the industry and they offer trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. They also accept clients worldwide. We can vouch for them as they are regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe.visit their official website
