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Introduction to BDImarkets Review:
BDImarkets claims to be a regulated brokerage firm offering a wide range of tradable assets. This is not where BDImarkets stops, BDImarkets goes on with bragging about how their company is the best in the market. If you are here with the intention of knowing whether BDImarkets is a scam broker or a legitimate one, you are just at the right place. We, at Fraud Reports Online, work with the objective of publishing detailed scam broker reviews and assisting the scam victims in fund recovery. Read the full BDImarkets review to know more.
Address: United Kingdom (claimed)
Minimum Initial Deposit: $2500
In this section, we will be discussing all the red flags present in BDImarkets. Read on to know about it in detail.
BDIMARKETS IS UNREGULATED
Even though BDImarkets claimed to be the best in the market and a lot more, the brokerage firm failed to give us a piece of crucial information. Regulation of a brokerage firm is essentially enforced to keep the scams at bay. If a brokerage firm is regulated by any of the regulatory authorities, then the firm is under constant supervision of the authority thereby making it impossible for the firm to even attempt a scam. However, the scam brokers have no such obligations and therefore can go to any extent to scam innocent people. In our case, further investigation outside the website by our team reveals that the company is blatantly lying about the address and even the legitimacy of the firm. BDImarkets is UNREGULATED and not safe to trade with. Furthermore, BDImarkets lists some of the Estonian rules under its terms and conditions that point to the fact that the company might be based out of Estonia.
HIGH LEVERAGE OFFERED
High leverage is the next harmful thing that can result in the trader losing the trade and all his money. For this very reason, several countries have put a limit on the leverage that can be offered by the brokerage firms at 1:30 and 1:50. In our case, BDImarkets offers their customers leverage of 1:200 which is much higher than the limit, therefore, raising a red flag in his bdimarkets.com review.
HIGH MINIMUM INITIAL DEPOSIT
Yet another red flag that is raised against the BDImarkets scam in this BDImarkets review is regarding the unbelievably high minimum initial deposit that they are demanding from the customers. While legitimate firms demand an amount below $10, BDImarkets demand an amount of $2500. Such a high demand raises obvious suspicions and red flags against BDImarkets.
Conclusion: Is BDImarkets really a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether BDImarkets is a scam broker or not. However, we warn you to stay away from this potential scam broker as they are unregulated. If you are a victim of BDImarkets scam, file a complaint and we will help you.
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