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BESTOPEX

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Operating status: SCAM

Website: https://cn.bestopex.com/

Broker violations and abnormal records
  • May 12, 2022 BrokersView has reviewed that BESTOPEX is an Unregulated Forex Broker

    BESTOPEX is not a reliable broker even though it states offers that look good to be true. BESTOPEX claims it is registered in the Companies House of United Kingdom (CH) with registration number: 13414462. We do find a match result to BESTOPEX in CH, but CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.

    As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to BESTOPEX in FCA. That means BESTOPEX is not an approved broker to do forex in the UK.

    Besides, BESTOPEX claims to be regulated by the US National Futures Association (NFA) under an NFA ID: 0540119. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means BESTOPEX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    BESTOPEX is not a reliable broker even though it states offers that look good to be true. BESTOPEX claims it is registered in the Companies House of United Kingdom (CH) with registration number: 13414462. We do find a match result to BESTOPEX in CH, but CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to BESTOPEX in FCA. That means BESTOPEX is not an approved broker to do forex in the UK.Besides, BESTOPEX claims to be regulated by the US National Futures Association (NFA) under an NFA ID: 0540119. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means BESTOPEX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Nov 17, 2022 BrokersView has found that BESTOPEX is not working

    BrokersView found the domain "https://cn.bestopex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://cn.bestopex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is Visa accepted at BESTOPEX?

Olly
Libya
Jun 01, 2022
ANSWER BESTOPEX is not a licensed or regulated broker even though it states offers that look good to be true. BESTOPEX claims to be registered in the Companies House of the United Kingdom (CH) with registration number: 13414462. We do find a match result to BESTOPEX in CH, but CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to BESTOPEX in FCA. What's more, BESTOPEX claims to be regulated by the US National Futures Association (NFA) under an NFA ID: 0540119. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. The truth is that BESTOPEX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like BESTOPEX and trade with licensed brokers.
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