Is Bex Options Scam or Legit Broker?

Bex Options is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

About Bex Options
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Bex Options safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Bex Options?

Bex Options is a broker that offers forex, cryptocurrencies, binary options (See Regulated Binary Options Brokers), and CFDs trading. The company is owned and operated by Bex Options Trade and Investment and claims to be located and regulated in the UK. They even provide the registration number with the UK’s FCA on the website, however, the company is not regulated by the FCA or any other authority. The registration number belongs to another FCA-regulated company Bex Trading Limited that has no connection to Bex Options. It seems like the broker has been using the registration details of a legit company and has been deluding the traders. As a proof to this, there is a warning issued by the UK’s Financial Conduct Authority stating:

“This firm is not authorised by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorisation. Please note that Bex Options and is in no way connected to the registered company Bex Trading Limited (CRN: 09563470)”

Bex Options - official website

Bex Options Review Conclusion

Most of the forex/CFD brokers in the UK have to be licensed by the FCA (See XM review here). It is clear that Bex Options doesn’t hold a license from the regulator, moreover, it has been using the details of a genuine, licensed company to get clients’ trust. Thus, we advise traders to choose among well-regulated and reliable brokers that guarantee the segregation of the accounts and the protection of funds. Check the list of FCA-regulated brokers.  It is safe to trade with brokers, such as  BlackBull Markets, FXGT, and FBS.

Bex Options Update

Based on our research, the Bex Options website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

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