BCC Markets Limited is a forex broker established in 2023, with its headquarters located in London, United Kingdom. BCC Markets Limited mainly provides investors with trading services for financial products such as foreign exchange, indices, precious metals, energy, and cryptocurrencies. Due to policy reasons, services are not provided to North Korea, Israel, China, Vanuatu, and Cuba.
Company Background:
BCC Markets Limited was registered in the United States and headquartered in London, with branches in the US, Vanuatu, and Australia. The domain name of BCC Markets Limited's official website was registered on June 29, 2023, and as of the date of publication, it has been founded for less than a year.
BCC Markets Limited claims on its official website to hold regulatory licenses from the US NFA and MSB. However, the broker has no regulatory records with both the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the US, which means the broker is not regulated by any regulatory authority at present.
Meanwhile, the mission of the Financial Crimes Enforcement Network (FinCEN) is to safeguard the financial system from illicit use, combat money laundering and its related crimes (including terrorism), and promote national security through the strategic use of financial authority and the collection, analysis, and dissemination of financial intelligence, without regulating foreign exchange transactions and economic operations.
How to Open an Account?
To open an account with BCC Markets Limited, users can visit its official website and click on the "Register" button to start the registration process. The registration page will require users to fill in personal information, including name, personal email, etc., and set an account login password. The broker will send a verification code via email, and upon submission, one can log in. After logging into the trading platform, clients can perform deposit and withdrawal operations and start trading.
Account Types:
BCC Markets Limited's official website does not mention information related to trading accounts. According to the Frequently Asked Questions page on its official website, the broker claims to offer floating spreads, trading leverage from 1:100 to 1:500, but the details on minimum deposit amount, trading commissions, margin call level, stop-loss level, and minimum trade volume are not clearly disclosed.
Trading Software:
BCC Markets Limited offers users a self-developed mobile trading platform named ST5, which is available only for mobile download. The platform supports opening both real and demo accounts, allowing users to choose according to their needs for virtual or actual trading. However, there is no entity backing the ST5 trading platform, which may pose certain trading risks.
Website Design:
The website design of BCC Markets Limited is highly similar to those of SV Markets, ABHKFX, DEOASIS PTY LIMITED, and others, suggesting that these brokers may have used the same or similar website templates. Therefore, investors should conduct thorough due diligence and research when choosing a trading platform, to ensure it meets their needs and expectations, and be aware of potential risks.
Partners:
It is claimed that BCC Markets Limited has partnered with Trading Central, an internationally renowned analysis institution. The broker claims to offer award-winning automated investment analysis and research tools, aimed at helping investors make the best decisions. However, this information has not been confirmed by the relevant institutions and may involve false advertising.
Customer Support:
The customer support channels of BCC Markets Limited are relatively limited, and users can access its customer support services via email. Users can contact the company's customer service team by sending an email to support@bccmarketsinc.com. In the email, users can raise questions, inquire about specific matters, or report any technical issues.
Conclusion:
BCC Markets Limited is a newly established foreign exchange broker in the United States, with a relatively short period since its establishment. BCC Markets Limited uses a self-developed trading platform and has limited channels of communication. The official website of BCC Markets Limited and those of ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, and other brokers share a high level of similarity in web design, possibly using the same set of templates for construction. Investors should steer clear of this platform to avoid unnecessary financial losses.
Currently, BCC Markets Limited is marked as "suspicion of fraud" on Traderknows.
