• Company name: BECFD Limited
  • Registration/license: Marshall Islands
  • Registration/license requirement: USD 2,000

🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is BECFD safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Is BECFD a regulated forex broker or a scam?

no, BECFD broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

BECFD is a Forex and CFD broker, owned and operated by a BECFD Limited. The company is registered in the Marshall Islands, an offshore zone when brokers are usually not regulated, nor supervised.

The website doesn’t provide much information about the broker, only two contact phone numbers: British and Austrian. It means that BECFD has been trying to offer their services in these countries, it also means they were trying to do that without being regulated nor authorized.

Moreover, Austria’s FMA has recently issued a warning against this firm. We keep reminding traders that dealing with offshore brokers is quite risky as clients have no protection of their funds.

Instead, we recommend choosing among brokers licensed by FCA in the UK or CySEC in Cyprus.

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