Brief informationBFB Capital
The “BFB Capital” company provides customers with an access to the Forex market for trading. The site notes that the team works without interruptions to guarantee its users an access to over-the-counter transactions. The organization began its activities in 2018.
The BFB Capital website was created in English and Russian languages. At the same time, there are no training materials on the site. There is an analytical section where you can get acquainted with current economic news.
If you need to contact the support group, you can use the email address or phone numbers listed on the company's website. However, there is no online chat, which does not allow to solve customer problems quickly.
The BFB Capital company notes the following advantages:
- A wide range of trading instruments. Traders can invest in 1600 types of assets: precious metals, currency pairs, stock indices.
- Reliability. The company is regulated by the National Bank of the Republic of Belarus. The information is indicated on the site. However, it is worth noting that the company is registered as a limited liability company.
- Efficiency of applications execution. The company team notes that it uses SPT technology.
- Lack of requotes. Traders can make deals at a fixed price.
- The availability of xStation5 and MetaTrader4 trading platforms. Clients work with reputable and high-quality developments.
The team also offers traders to participate in the affiliate program.
Legal information about BFB Capital
The site contains information that the BFB Capital company was included in the register of the National Bank of the Republic of Belarus under No. 13 dated 11/05/2018 in accordance with Decree No. 231 “On the implementation of activities in the OTC Forex market”.
The site contains a “Contacts” section, where the address of the company is indicated: 220030, Republic of Belarus, Minsk, ul. Internatsionalnaya 25a, office 309. However, the resource does not provide photos of the organization’s office and team.
The company’s team indicates the telephone numbers of the reception and financial consultants on the website if customers need to know some information.
The site indicates that more than 50% of the funds are saved in a separate bank account. An additional part of the money is transferred to the Guarantee Fund, which is formed at the expense of deposits of Belarusian forex companies. The broker's team notes that scammers will not be able to withdraw money.
BFB Capital trading conditions
BFB Capital clients can trade using a wide selection (1600) of instruments: 48 currency pairs, more than 20 stock indices, 37 futures, stock CFDs, ETF funds. Clients are offered the technology of full automation of order execution - STP technology. BFB Capital acts as an intermediary.
It is worth noting that the companies, that offer a similar option for the execution of applications, are interested in the minimum risks for the client. Therefore, often a trader works with a personal consultant.
For trading, the clients use MetaTrader 4, xStation5 platforms. These platforms can be installed on both mobile devices and standard computers. The maximum leverage is 1: 500.
BFB Capital trading accounts
BFB Capital users are offered three options for a trading account:
- BFB Standart. If a potential trader plans to open this type of account, then he has no restrictions regarding the payment of a minimum deposit. There are no trading commissions. There are foreign currencies, indices, CFD stocks and exchange-traded investment funds at the disposal of the client.
- BFB Pro. The client who opens this type of trading account makes a minimum deposit of $ 1000. The commission is $ 4. The maximum leverage for retail clients is 1: 200.
- BFB Absolute. Opening this type of account, the client pays $ 10,000. Trading commission is $ 4 per transaction.
Registration and personal account with BFB Capital
In order to start trading with a broker, you must go through the registration process. To do this, the potential clients clicks on the “Register or Log In” button.
After that, a registration form appears in front of the trader, where it is necessary to fill in the following fields: “Name and surname”, “E-mail Address”, “Phone Number”, “Password”. In addition, you must specify the country.
After that, the client confirms the registration in order to enter the personal account. It looks like this:
After completing the registration procedures, an email message is received at the email address in which the company team thanks for the attention to the broker and the decision to create a personal account. All messages regarding the activity of the trader will come to your personal account. The client is given the opportunity to practice using a demo account. To do this, replenish the balance and start trading.
Customers need to go through the verification process. To carry out this procedure, the trader must download the scanned documents proving the identity. It is also necessary to take a photo with a passport in hand. Personal information about the client should be clearly visible on the image. If the verification process is successful, the trader can replenish the deposit and begin to perform trading operations.
US citizens cannot open a trading account with a broker. The remaining countries complete this process without any restrictions.
BFB Capital replenishment and withdrawal of funds
The operations of depositing and withdrawing funds are carried out through a personal account. To replenish the deposit, the client can use a bank card or a bank transfer. Citizens of Belarus can pay the balance using the branch of Alfa-Bank CJSC.
To complete this procedure, you must enter your personal account, send an invoice for printing and send funds to any branch of the above structure. When replenishing, the client does not pay a commission, but in the case of a bank transfer it can be charged. The currency for replenishment is dollar. It is forbidden for outsiders to deposit or withdraw money.
Traders who open an account with the company in Belarus are warned that state brokers withhold income tax from clients' profits. Non-residents of Belarus are charged 30% of the income.
The BFB Capital team also offers traders to familiarize themselves with legal documents so that they could be aware of the terms of trade.
Conclusion
BFB Capital broker is a company that provides traders with access to the Forex market. On the site the company notes a number of advantages, which include the presence of convenient platforms for trading, regulation, a wide selection of trading instruments.
However, trading with this broker can bring risks, since BFB Capital is a limited liability company. At the same time, the document “Privacy Policy” contains information that the company can use the personal information of clients without specifying the purpose of collecting information.
Given the above information, you need to consult a specialist about working with the broker BFB Capital.
