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BIC MARKETS

Cambodia|5-10 years|
MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.bicfx.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

B.I.C.Markets-Demo

United Kingdom
MT4
2

Influence

D

Influence index NO.1

Cambodia 2.44

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
B.I.C.Markets-Demo MT4
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

Cambodia 2.44

Surpassed 21.10% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+855 023 966 669
info@bicfx.com
https://www.bicfx.com
Phum 13, Tonle Basak, Chamkar Mon, Phnom Penh 12301, Cambodia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+855 023 966 669

Other ways of contact

Broker Information

More

Company Name

B.I.C. Markets Co., Ltd

Abbreviation

BIC MARKETS

Platform registered country and region

Cambodia

Company website
Facebook
  • facebook.com/bicfx.com.kh

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CambodiaSERC regulation (license number: Unreleased) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

BIC MARKETS · WikiFX Survey

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BIC MARKETS · Company Summary

BIC MARKETS Review Summary
Founded2017
Registered Country/RegionCambodia
RegulationSuspicious clone
Market InstrumentsForex, Metals & Energy, Indices
Demo Account
LeverageUp to 1:400
Spread2.0 pips
Trading PlatformMetaTrader 4, WebTrader, Mobile apps for iPhone, Android and tablets
Min Deposit$100
Customer SupportPhone:+855 023 966 669
Email: info@bicfx.com
Social Meida: Facebook, Tiktok, Instagram, Youtube
Physical Address: Phum 13, Tonle Basak, Chamkar Mon, Phnom Penh 12301, Cambodia

BIC MARKETS Information

B.I.C. Markets, part of B.I.C. Markets Co., Ltd. registered in Cambodia, it is a retail Forex and CFD broker established in 2017, which offers clients the opportunity to trade forex, metals and commodities through MetaTrader 4. Although it claims to be under the supervision of SERC, it is currently under the supervision of a suspected clone.

BIC MARKETS Information

Pros and Cons

ProsCons
6 deposit and withdrawal methodsSuspicious clone
Support MT4
No commission

Is BIC MARKETS Legit?

Regulatory StatusSuspicious clone
Regulated byCambodia
Licensed InstitutionB.I.C. Markets CO.,ltd
Licensed TypeCommon Financial Service License
Licensed NumberUnreleased
Is BIC MARKETS Legit?

What Can I Trade on BIC MARKETS?

B.I.C.Markets offers traders the opportunity to trade in the world's most liquid financial market. Gain exposure to the world's largest equity market with global index CFDS offered by B.I.C.Markets. You can also trade energy and metal products such as currency pairs against the US dollar or futures CFDS.

Tradable InstrumentsSupported
Forex
Metals & Energy
Indices
Stocks
Bonds
ETF
What Can I Trade on BIC MARKETS?

Account Types

The broker offers two types of accounts, namely ZERO Commission Account and PRO Account.

The ZERO Commission Account and PRO Account target different types of traders. The minimum deposit requirement of ZERO Commission Account is $100, the threshold is relatively low, and it has no commission requirement, which can reduce some costs for traders.

While PRO Account is more suitable for experienced traders, with a minimum deposit requirement of $5,000, this high threshold is not suitable for novices, as it offers a higher leverage ratio of 1:400 and relatively higher risk.

Account TypesZERO Commission AccountPRO Account
Trading PlatformMetaTrader 4, WebTrader and Mobile TradingMetaTrader 4, WebTrader and Mobile Trading
Trading InstrumentsForex, Metals, Energy & IndicesForex, Metals, Energy & Indices
Fifth DecimalYesYes
Leverage1:1001:400
ExecutionMarket ExecutionMarket Execution
Minimum opening depositUSD$100USD$5,000
Minimum trade size0.01 lot0.01 lot
Trade size increment0.01 lot0.01 lot
Maximum Total Trade Size50 Standard lots per position50 standard lots per position
Maximum Simultaneous Open Orders300300
Margin Call/Stop out level80%/50%80%/50%
Account CurrencyUSDUSD
CommissionNoZero Commission
Limit and Stop LevelsStarting from 2 pointsStarting from 2 points

BIC MARKETS Fees

B.I.C. Markets says it provides traders with the tightest forex spreads available with zero commission. In the forex spread information provided by the broker, the minimum spread for EURUSD is 2.0 and the average spread is 2.1.

The minimum spread of other forex pairs is also 2.0, and the average spread remains between 2.1 and 2.4.

In addition, there are no commission requirements on either of the broker's accounts.

BIC MARKETS Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
BIC FXTablet, MobileBeginners
MT4Web, MobileBeginners
MT5
Trading Platform
Trading Platform

Deposit and Withdrawal

B.I.C.Markets offers a total of six payment methods. In addition, it requires a minimum deposit of $100.

Deposit OptionsAccepted CurrenciesProcessing Time
Credit and Debit CardsUSDINSTANT
NetellerUSD, THBINSTANT
SkrillUSD, THBINSTANT
Wire TransferUSD1-3 business days
Thai Internet BankingUSD THB15-30 min
Perfect MoneyUSD15-30 min
Deposit and Withdrawal
Deposit and Withdrawal

Customer Service

This broker does not provide 24/7 customer service. Traders can access customer service through phone, email, social media, and physical address.

Contact OptionsDetails
Phone+855 023 966 669
Emailinfo@bicfx.com
Social MediaFacebook, Tiktok, Instagram, Youtube
Website LanguageEnglish, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai
Physical AddressPhum 13, Tonle Basak, Chamkar Mon, Phnom Penh 12301, Cambodia

The Bottom Line

B.I.C. Markets offers a modest number of account types and tradable products, although it supports MT4 and does not charge a commission. However, the abnormal state of regulation is a problem that can cause a “headache” for traders.

FAQs

Which regulatory authority is B.I.C. Markets regulated?

B.I.C. Markets claims to be regulated by SERC, but its license is suspected to be a clone, so it is not regulated properly.

Is BIC MARKETS good for beginners?

No, it's not for beginners. B.I.C. Markets is currently in a quasi-cloned regulatory state, which is very unsafe for beginners.

Does B.I.C. Markets charge commission?

No, B.I.C. Markets does not charge trading commissions.

Review 5

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