BPS-Capital is another offshore and unregulated Forex investment platform. Some risks come with such platforms; in most cases, withdrawal is an issue. We are going to review BPS Capital and check what the platform brings to the table. So far, we have seen several withdrawal complaints regarding BPSCapital. So what is bpscap.com, and what does it bring to the table? Here’s our detailed BPS-CAPITAL REVIEW.
The funny thing about offshore platforms is their residency. Most of them claim to reside or have their headquarters in London. BPS-Capital is no exception as they claim to have been established in Liverpool.
With the claim of having offices in over 40 different countries, the platform seems to look professional, And that’s what they want the naive investor to think. But, unfortunately, those who don’t do the due diligence will end up losing more.
Our years of experience in investing and trading help us spot the red flags. Then, for those who don’t know how to, our reviews will explain everything. And you will come out knowing more about BPS Capital.
When investing and trading, you need a reliable partner with years of experience. Today’s investor wants innovative ways that guarantee realistic profit margins. You should engage in Coin Staking, DeFi, and Masternoding. These are proven ways of investing.
With the claim of furnishing users with unparalleled services, BPSCapital looks legit. The platform provides CFD, Crypto, and Forex trading services. According to their homepage, the operations of the website are in the Marshall Islands.
And this begs the question of why they don’t operate the platform in Liverpool. The platform is dodging regulatory rules imposed on such platforms. And this is one way of determining the risks that come with the platform.
BPS-Capital offers three account types to investors. These accounts include Standard, VIP, and Zero. The platform offers a pocket-friendly investment amount of $50 for the standard account holder. Here’s a closer look at each of these accounts;
Standard
The standard account is set for beginners and comes with a 1.5 spread. There are no commissions per standard lot, and users get advanced training courses. You also get a personal account manager with VPS services.
Standard account holders also get free webinar services and 24/5 customer support. You can also choose to get MAM/PAMM accounts with the standard features, and Members get basic trends analysis tools with the account.
VIP
With the VIP account, you must deposit $2,000 to start trading. It comes with spreads of 1.1 and no commissions per standard lot. In addition, members get the chance to attend exclusive webinars and a dedicated account manager.
You will also get free VPS and advanced trends analysis tools. In addition, the platform promises negative balance protection with 24/5 support. You can also get MAM/PAMM accounts with the same features.
Zero
It’s the most exclusive account and comes with 0 spread. The commission per lot is $7, and users attend exclusive webinars. In addition, members get a dedicated account manager with advanced trend analysis tools.
You get Free VPS and negative balance protection on all trading sessions. The platform also offers MAM/PAMM accounts with the chance to get the same features. Maximum leverage for this account is set at 1:500.
All accounts get to trade the same number of instruments. Trading assets include commodities, crypto, equity, forex, futures, and precious metals. Maximum leverage for the three accounts is set at 1:1000 for the standard account. The other two have the leverage of 1:500.
Maximum open positions for all accounts are set at 2,000 lots, with the currency of trading set at USD/EUR/GBP. Islamic account is available for VIP and Zero accounts. VPS services are free for VIP and Zero account holders.
According to the platform, they offer an affiliate program suitable for different professionals. These include bloggers, comparing site editors, and digital marketing specialists. In addition, if you’re a social media influencer, you can check out their affiliate program.
Before making any rash decisions to join, you need to understand their mode of concept. Does the platform offer commissions, percentages, or rates. You should know how to track conversion and when payment is made.
BPS-Capital is not a licensed or registered entity and does not hold any license documents. It’s an offshore and unregulated platform, two qualities to avoid. First, the platform does not provide any documents to prove their compliance.
When investing, make sure to use compliant institutions. Go for platforms that get their license from reputable regulators. These regulators include ASIC, CONSOB, CySEC, and FCA. Other regulators worth mentioning include BaFIN, CNMV, FINTRA, and the SEC.
BPS Capital Limited is the platform that claims to own the trading entity. Records show the company is registered in the Marshall Islands. With their beginnings set at Liverpool, you would expect a UK registry.
Some residents can’t use the services of this platform. It doesn’t stop them from accepting residents from these jurisdictions. What we have is a company with no face to show or affiliate it with.
Anonymity is a risky investment platform to associate yourself with. We don’t recommend joining anonymous platforms such as BPS capital. There’s no mention of a single staff member on the platform.
As far as contact and support go, the platform is poor at it. You can only chat with the platform via messenger. The platform does not allow anyone to make direct conversations, such as phone calls.
And this means you have to either send an email or use the chat tab. The response is not a guarantee, and it might take years. And this is the reason why we are doubtful about their customer approach.
The platform lists several deposit methods available on the platform. These include bank transfers, MasterCard, Perfect Money, Skrill, Union Pay, and Visa. Once you fund the account, the balance reflects on your trading account.
Withdrawing funds is also a process not on the platform. BPSCapital does not disclose how the withdrawal process occurs. The platform should be clear on the withdrawal terms and conditions and how long it takes.
One of the positive aspects of the platform is offering a world-class investment platform. You get the MT4 trading platform which is a huge advantage to traders. In addition, the platform offers advanced trading tools and a remarkable user experience.
Another positive aspect of the platform has a demo account. You can test how the platform behaves using the demo account. In addition, the demo account comes with an MT4 trading terminal giving newbies a chance to learn.
There’s multi-account manager software available on the platform. According to BPS Capital, the software offers customized trading conditions and tool management apps. For example, members can trade block orders from a single master account and the MT4 trading platform.
To get access to MAM/PAMM accounts, you must have LPOA. In addition, your fund manager must be qualified and meet regulatory requirements.
Safety of funds is out of the question with an offshore and unregulated platform. In addition, the platform fails to offer insurance cover for deposits made. And this makes it a high-risk platform for those who deposit large amounts.
We won’t recommend BPS-Capital due to its offshore and unregulated status.
The best alternative is to use realistic investment options that experts prove. It’s the safest way to invest.
Feel free to leave a comment or email us with any queries.
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