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BIC Markets Review: Bicfx.com Amateurish Forex Broker Scam Exposed

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BIC Markets Review: Bicfx.com Amateurish Forex Broker Scam Exposed

BIC Markets (Bicfx.com) is a bullish CFDs and Forex broker platform that must be exposed. Complaints have been sent to us by members who are having problems with BICMarkets. This is why as ardent Forex investors, we had to look into BIC MARKETS. Read this detailed and honest review to find out the truth. Don’t be another victim of this abysmal broker. All investors should resist from signing up with this broker.

BIC Markets Review

BIC Markets Review:

As we always say in almost all of our reviews, it pays to read what legit investors are saying. This will in the future protect you from scams such as BIC Markets. These scammers have done a good job of creating a user-friendly website. Their website is easy to use and eye-catching. Don’t let the homepage fool you as there are hidden things the naked eye can’t see. And this is why you need to read this entire review.

What we noticed with this platform is that it claims to be real. Claims such as being an award-winning platform can easily be seen. As an investor, you should always ask whether the platform is legit or not. Problem with most investors believe everything that they read on homepages. This habit should stop and always question the broker’s intention. Why does BICMarkets always claim to be trusted?

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Who Owns BIC Markets?

According to the disclaimer at the footer of the homepage, BIC Markets is owned by a company. This company is known as BIC Markets Co, LTD which is registered in Cambodia. Using their own words, it means that we are dealing with an offshore broker. Offshore brokers are notoriously known to flaunt set rules and regulations. This is one main reason as to why nobody should sign up.

Another problem we found with this brokerage firm is the level of anonymity. For a fact, no one knows who are the owners of this platform. And it’s safe to say that no one knows who are the partners of the company. All these are clear evidence that we are dealing with a group of people who want to remain anonymous. Why should you invest your hard-earned money to a broker who you know nothing about?

Is BIC Markets Licensed or Regulated?

BIC Markets Scam

What these scammers are claiming is not true. This is not the case as we have concrete proof to back this up. Lack of proof is enough to warrant suspicion. Simply, we are dealing with a scam Forex brokerage firm.

This means that BIC MARKETS is working and trading under false pretense. This means that anyone who deals with them is at risk of losing money. Authorities will soon shut this whole brokerage down.

Relevant authorities must take a look at fake platforms such as BIC Markets.

Fake Platform.

According to the homepage, they claim to use an award-winning platform. BICMarkets claims to use MT4 and MT4 trading platforms. Problem with their platforms is that we could not be able to download it. Sadly, this platform could not be compatible to desktop, mobile or tablet devices. This is bad news.

A platform that does not allow download means that its unstable. An unstable platform is probe to security attacks from hackers. Hackers find unstable platforms as easy prey for data theft. These hackers will take over the platform and use it to steal personal information as well as credit card information. This wouldn’t be the first time that this has happened to an unstable platform. That’s why it’s best to stay clear of BICMarkets.

Rigged Demo Account.

Folks, you should note that we are dealing with a brokerage firm that has a rigged demo account. What do we mean by a rigged demo account? This means that you will likely make only winning trades with it.

BIC Markets have rigged the demo account in your favor. This means that you will make over 90% successful trades. They use this trick to make users believe that they can win with BICMarkets platform.

Once users see that their can indeed make money with BIC Markets, they will want the real thing. Next thing these unsuspecting investors will sign up for a real account. A real account is different since these brokers want your money. They will send you wrong information so that you place wrong trades. And that’s how you will start losing all your deposits with BICMARKETS.

Are Funds Safe with BIC Markets?

BIC Markets Fake Review

Since we are dealing with a faceless broker, it means that your funds will never be safe with BICMarkets. Why do we say this? For starters, we don’t know who the owner is. This means that users don’t know where they are depositing money to. All members of this platform maybe depositing money straight to the owner’s personal bank account. There’s no proof that can make us think otherwise.

Another reason why funds will never be safe with this platform is lack of a compensatory scheme. A legit broker ensures that they insure all funds under them. This means that in case a platform goes under, users will be insured. Why should you go through such a costly broker when you can get real certified brokers?

Types of Accounts.

BIC Markets has three different types of accounts. Users can choose to get Premium Account, Zero Spread Account, and MAM & PAMM Account. There are no details as to the perks each platform offers to users. This means that newbie users don’t know which account to choose from. There’s no mention of minimum required deposit for any of the accounts. This is clear proof BICMarkets is full of amateur brokers.

Is BIC Markets a Scam?

Best thing to do is to ignore all incoming promotional materials from their email marketing team. Mark all their emails as Spam and never click on any links sent by them. This will reduce the temptation of signing up with this lame broker.

BIC Markets Final Verdict.

BIC Markets Scam Review

Only option we have is to blacklist BIC Markets for the Forex scam that we know it is. There’s no member who has managed to withdraw money with this broker. This means that we are dealing with a hoax. All BICMarkets wants you to do is deposit money with them and never ask for withdrawals. This is not acceptable.

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