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BIC Markets

Cambodia|5-10 years|
Common Financial Service License|Suspicious Scope of Business|Suspicious Overrun|Medium potential risk|

https://www.bicmarkets.com.kh/

Website

Rating Index

Contact

+855 023-966 669
info@bicmarkets.com.kh
https://www.bicmarkets.com.kh/
អាគារលេខ 462, ផ្លូវមុនីវង្ស, សង្កាត់ទន្លេបាសាក់, ខណ្ឌចំការមន, រាជធានីភ្នំពេញ, ប្រទេសកម្ពុជា

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+855 023-966 669

Other ways of contact

Broker Information

More

Company Name

BIC Markets

Abbreviation

BIC Markets

Platform registered country and region

Cambodia

Company website
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YouTube

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • This broker exceeds the business scope regulated by Cambodia SERC(license number: 011)SECC Common Financial License Non-Forex License. Please be aware of the risk!

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BIC Markets · WikiFX Survey

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BIC Markets · Company Summary

BIC Markets Review Summary
Founded2024-03-15
Registered Country/RegionCambodia
RegulationExceeded
Market InstrumentsForex, Metals, Energy & indices
Demo Account
LeverageUp to 1:100
SpreadNot mentioned
Trading PlatformMT4(iOS, Windows, Android)
Min Deposit$100
Customer SupportPhone: +855-023 966 669
Email: info@bicmarkets.com.kh
Online Chat
Social Media: Facebook, Instagram, YouTube

BIC Markets Information

BIC Markets is a broker. The tradable instruments, with demo and real accounts with a maximum leverage of 1:100, include forex, metals, energy, and indices. The minimum deposit is $100. BIC Markets is still risky due to its exceeded status.

BIC Markets Information

Pros and Cons

Pros Cons
MT4 availableExceeded
Demo account availableMinimum spread unspecific
Leverage up to 1:100

Is BIC Markets Legit?

SERC only regulates BIC Markets, but its status is exceeded which is not as safe as a regulated one, even though it also claims to be regulated by NCCC.

Is BIC Markets Legit?
Is BIC Markets Legit?

What Can I Trade on BIC Markets?

Traders can choose different investment directions because the broker provides forex, metals, energy, and indices.

Tradable Instruments Supported
Forex
Metals
Energy
Indices
Shares
ETFs
Bonds
Mutual Funds

Account Type

Traders can open real and demoaccounts at BIC Markets. Traders who want to practice without real investment can open a demo account.

Account Type Built-in account
Trading PlatformMetaTrader 4(iOS, Windows, Android)
Trading instrumentsForex, Metals, Energy & indices
Fifth DecimalYes
Max leverage1:100
ExecutionMarket Execution
Minimum opening depositUSD$100
Minimum trade size0.01 lot
Trade size increment0.01 lot
Maximum Total Trade Size50 standard lots per position
Maximum Simultaneous Open Orders300
Margin Call / Stop out level80%/50%
Account CurrencyUSD
CommissionNo
Limit and Stop LevelsStarting from 2 points
Account Type

BIC Markets Fees

The commission is free and the spread is not mentioned.

Leverage

The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Trading Platform

BIC Markets has an authoritative MT4 trading platform for iOS, Windows, and Android. Compared with MT5, junior traders prefer MT4.

Trading PlatformSupported Available Devices
MT4iOS, Windows, Android
Trading Platform

Deposit and Withdrawal

The minimum deposit is $100. BIC Markets offers multiple deposit and withdrawal methods processed within 5 days, including cash deposit, bank, deposit by check, and domestic/international money transfer. Cash deposits and bank transfers are processed within 2 hours.

Deposit and Withdrawal
Deposit and Withdrawal

Customer Support Options

Traders can contact BIC Markets via phone, email, online chat, and social media to consult or learn, including Facebook, Instagram, and YouTube.

Contact Options Details
Phone + 855-023 966 669
Email info@bicmarkets.com.kh
Online Chat
Social Media Facebook, Instagram, YouTube
Supported Language Khmer
Website Language Khmer
Physical Address 9 Registration Address: Building No. 462, Monivong Blvd., Village 13, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, Kingdom of Cambodia Tel: (855) 23 966669.
Customer Support Options
Customer Support Options

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