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Operating status: SCAM

Website: http://www.bforex.com

Broker violations and abnormal records
  • Mar 05, 2017 The Spanish regulator CNMV added bforex into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=bforex
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=bforex
  • Sep 09, 2021 BrokersView has reviewed that Bforex is an unregulated forex broker
    BrokersView found Bforex is not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    BrokersView found Bforex is not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Jul 07, 2022 BrokersView has Found that bforex is Not Working

    On 8 July 2022, BrokersView found the domain http://www.bforex.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


    On 8 July 2022, BrokersView found the domain http://www.bforex.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.

Related Complaints

Q&A

My account was blocked by bforex for no reason, and I couldn't contact their staff, am I being scammed? Any advice or information would be appreciated.

Jo
Slovenia
Dec 17, 2021
ANSWER bforex is an unregulated broker and should be avoided at all events. We found the website of bforex is not available right now, as most probably it has been suspended, which is always a bad sign. Besides, we have checked this broker a few months ago, and according to our review on bforex, it is thoroughly a shady broker running its business without any regulation and relevant licenses. What's worse, the Spanish regulator CNMV has added bforex into the unregistered firm alert to warn the public that this broker is not authorised to provide the investment services in the country. You can check full alert or warning here. Concerning your situation, if they blocked your account without any reason when there is balance in your account, unfortunately, this must be their way of defrauding your funds. To be honest, the chance of getting your money back is slim, but we still recommend you to report it to your local authorities.
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1 comments

Bob
Varianse has proven to be a solid broker. In particular, I rank them highly because of their low forex spreads and their algo friendly platforms. Also, unlike a lot of online companies these days they make themselves readily available to speak over the phone.
Jun 11, 2024
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