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BDI Markets Broker Review
We conducted some checks while the broker was attempting to persuade everyone that it was a legitimate UK organization. The result is obvious, but let’s go into more depth. To learn more, see our BDI Markets review.
Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: No Info
Owned by: N/A
Headquarters Country: UK
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $2,500
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: Yes
BDI Markets Regulation
We had to check the FCA as a logical register when it came to BDI Markets regulation. The truth is that nothing was found. So, we attempted to find additional information about the broker, but we found almost nothing. There is no recognized owner, and no rules apply. It implies that you’re a part of a scam that can simply be run from an offshore location and take all of your money. Avert the BDIMarkets trading scam and refuse to believe whatever tale they try to get you to believe.
Education Section
Our analysis has revealed that the broker exploits the education part to entice clients who lack experience. Before you make any actual investments, you will be guaranteed reading material, a trade advisor, and advice. Of course, the story goes that since the instructional package is not free, you must pay for it. As soon as you buy it, you’ll be exposed to the market and under pressure to make investments because you have the knowledge. And when you make your initial investment because you won’t be allowed to make any withdrawals, things will only get worse.
Withdrawal Issues
Clients are unable to withdraw their monies, which is understandable given that BDIMarkets is unregulated and commits fraud. Regarding withdrawal requests, there are numerous problems. Typically, the broker won’t even process them, but occasionally, you’ll hear all kinds of reasons why and be told to pay more money in order to get your money back. You will be instructed to pay fictitious taxes or fees in order to receive your money back.
Reviews of BDI Markets claim that the broker is primarily present in Australia, Canada, and the United States. But it does so unlawfully everywhere, including in the EU, the UK, Singapore, South Africa, and other places.
Clients frequently complain about the trading platform’s numerous latencies, excessively expensive initial deposit requirement of $2,500, and several hidden trading conditions in addition to withdrawal problems.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]
