Say you stumbled upon Bcm Begin Capital Markets but are unsure about this entity. When you search for this broker, the results show news about Bcm Begin getting fined for violations.
Now you’re even more on the fence about trading. Worry not, for the Bcm Begin Capital Markets Review has all the info you need.
Yes, Bcm Begin Capital Markets CY Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company’s license was issued in 2015.
CySEC is a popular Tier 2 regulator that supervises financial market trading and implements the rules set by the European Securities and Markets Authority (ESMA). Thus, the Bcm Begin Capital Markets regulation is solid.
However, the broker was busted by CySEC for violating regulations. The financial watchdog’s board investigated the broker’s operations from January 2021 to April 2022 and determined that regulatory rules were violated.
CySEC regulatory provisions that Bcm Begin violated relate to general principles and information to clients and requirements for CIF authorization.
The broker and the financial authority reached a settlement in July 2022 and Bcm Begin paid a fine of 170,000 EUR. It was quite a blow to Bcm Begin Capital Markets’ reputation.
Bcm Begin Capital Markets is a CySEC-regulated broker that offers Forex and CFD trading on MT5. The provider had to pay a fine to the regulator for regulatory violations in 2022.
Since Bcm Begin Capital Markets has a CySEC trading license and a MiFID passport, it can provide services in other EU member countries.
From what we gathered, the broker was mainly active in the Mediterranean area, and along the Adriatic coast up to central Europe. Here’s a list of countries:
Bcm Begin Capital Markets offers arguably the best trading platform in the world – MetaTrader 5. This wonderful software was designed by MetaQuotes to be the perfect successor to MT4.
MT5 offers an array of cutting-edge features and tools such as algorithmic trading, in-depth analysis, live market reports, multiple timeframes, instant order execution, etc. We don’t know whether the broker offers a mobile trading app as well.
We’re giving the broker a 10/10 for its choice of the trading platform but a 1/10 for its terribly organized website. It’s just awful and misleading.
According to the hard-to-find-information website, the firm offers the following trading assets:
The information on the website is so scarce it has become alarming. We couldn’t find anything about the broker’s trading costs, i.e. spreads and commissions.
None of the other Bcm Begin Capital Markets reviews covered this subject either. All we know is that the leverage cap is 1:30, as prescribed by ESMA and implemented by CySEC.
We couldn’t even find a registration page on Bcm Begin Capital Markets’ website, let alone a trading account portfolio. There’s no information about the minimum deposit.
The broker just included some files on tutorials and trading terminology. It seems that you have to contact the broker directly in order to set up an appointment or request to open a live trading account.
To reiterate, we couldn’t find any info on a demo account. Other sources say that Bcm Begin Capital Markets does offer a free demo account but we weren’t able to confirm it.
Our guess is that those claims are true since the broker is regulated by CySEC after all. If you do decide to trade with Bcm Begin Capital Markets, request a demo account first.
For this section, we at least had a starting point that the broker gave us in the legal documentation. Bcm Begin Capital Markets says its withdrawal fee structure is the same as the company’s other trading brokerages – Capital Panda and Profit Level.
We checked the websites of those two brokers and found that the withdrawal fees are zero. The minimum deposit for Capital Panda and Profit Level is 1,000 $ so by some logic, Bcm Begin Capital Markets charges the same. Also, funds can only be withdrawn via bank transfer.
Considering everything that has been said in this review, we wouldn’t recommend Bcm Begin Capital Markets. After all, the company was busted by CySEC for violating regulations.
If you do decide to trade with this broker, be careful. Request a demo account before investing real money. If Bcm Begin Capital Markets violates any terms and conditions, please let us know.
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We wouldn’t recommend this broker. Bcm Begin Capital Markets is regulated by the company violated regulations once already and was fined.
Yes, according to some sources. We didn’t find a demo account option on the website.
The company’s other two brokers do provide a mobile trading app so we guess Bcm Begin Capital Markets does so too.
They should be since CySEC regulates this brokerage. However, Bcm Begin Capital Markets did violate regulations once.
We wouldn’t recommend this broker. Bcm Begin Capital Markets is regulated by the company violated regulations once already and was fined.
Yes, according to some sources. We didn’t find a demo account option on the website.
The company’s other two brokers do provide a mobile trading app so we guess Bcm Begin Capital Markets does so too.
They should be since CySEC regulates this brokerage. However, Bcm Begin Capital Markets did violate regulations once.
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