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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