Table of Contents
Navigating the world of online trading can be tricky, especially with so many brokers out there claiming to be the best.
Today, we’re looking at BSETrade, a CFDs broker operating through bsetrade.com. You can contact them at support@bsetrade.com.
Let’s dive into whether this broker is worth your time and money, or if it’s one to avoid.
Overview
| 🌐 Site URL | bsetrade.com |
| support@bsetrade.com | |
| 🏦 Company | BSETRADE |
Domain Status:
- Domain Name: BSETRADE.COM
- Updated Date: 2023-12-12 T 11:44:42
- Creation Date: 2018-10-14 T 18:21:06
Key Factors
BSETrade offers a variety of trading instruments, like forex, metals, indices, and commodities. They have different account types with various services and benefits.
But there are some serious red flags that you should know about.
Is BSETrade a Legit Broker?
One of the biggest issues with BSETrade is that it is not regulated, which poses a huge risk for traders.
Spain’s financial watchdog, CNMV, has even issued a warning against BSETrade, pointing out the dangers of trading with an unregulated broker.
They claim to be regulated in the European Economic Area, but there are no records of this in the European Securities and Markets Authority (ESMA) register.
Services Offered by BSETrade
Assets Available
BSETrade offers a range of assets for trading, including:
- Cryptocurrencies
- Forex
- Energies
- Metals
- Futures
- Indices
- Shares
BSETrade Account Types
BSETrade offers four account types:
- Bronze Account: Minimum deposit of $250, leverage up to 1:30, spreads from 2.8 pips, and access to over 60 FX pairs, metals, indices, and commodities. No dedicated account manager or free VPS.
- Silver Account: Minimum deposit of $2,500, leverage up to 1:30, spreads from 2.5 pips, and the same instruments as the Bronze account. Includes a dedicated account manager but no free VPS or swap discount.
- Gold Account: Minimum deposit of $10,000, leverage up to 1:30, spreads from 1.5 pips, and the same instruments. Offers a dedicated account manager and a 25% swap discount, but no free VPS.
- Platinum Account: Minimum deposit of $50,000, leverage up to 1:100, spreads from 0.1 pips, and the same instruments. Includes a dedicated account manager, a 50% swap discount, and a free VPS.
BSETrade Trading Platform
BSETrade uses the WebTrader platform, available on both desktop and mobile. This platform is user-friendly and has comprehensive trading tools, making it easy to trade and manage accounts.
Customer Reviews of BSETrade
Customer feedback about BSETrade is mostly negative, highlighting issues like trouble withdrawing funds, poor customer service, and misleading information about the broker’s regulatory status.
Many users have reported feeling scammed after investing with BSETrade, which matches the warning issued by CNMV.
Should You Trust BSETrade?
In summary, BSETrade looks like a versatile CFDs broker with various account types and trading instruments.
However, the lack of regulation and many customer complaints make it a risky choice for traders. The warning from Spain’s CNMV highlights the potential dangers of trading with this broker.
We recommend being cautious and looking for more reputable, regulated brokers.
FAQs about BSETrade
Is BSETrade regulated?
No, BSETrade is not regulated, and Spain’s CNMV has issued a warning against them
What types of accounts does BSETrade offer?
BSETrade offers four account types: Bronze, Silver, Gold, and Platinum.
What is the minimum deposit required to start trading with BSETrade?
The minimum deposit varies by account type, starting from $250 for the Bronze account.
Does BSETrade offer a demo account?
Yes, BSETrade offers a demo account for users to practice trading.
What trading platform does BSETrade use?
BSETrade uses the WebTrader platform, available on both desktop and mobile.
