BRFXtrade Review: Is BRFXtrade Scam or Safe?

BRFXtrade is a forex broker operated by Jones Capital Ltd. The company has been in business since 2009. It operates globally, and its website is available in 5 languages: English, Danish, Norwegian, Swedish, and Arabic. The broker also offers an option of opening an Islamic account upon request.

Account Types

BRFXtrade customers can choose among 4 account types: Standard, Silver, Gold, and Platinum. Minimum deposit amount is €250.

Trading costs vary depending on account type. Standard and Silver accounts are eligible for standard spread, while Gold and Platinum accounts have 1.9 spread and 1.5 spread, respectively. The broker does not charge any additional fees and commissions, so spreads are the only trading costs incurred by traders.

All account types have free access to automatic trading service, signals, education package, and personal account manager.

Bonuses

BRFXtrade offers two types of promotional bonuses. New clients are eligible for up to 100% bonus on their first deposit depending on the amount of their investment. The second bonus in the referral bonus in the sum of 10% of the first deposit of each of a client’s referrals.

Deposits and Withdrawals

BRFXtrade accepts deposits via the following payment methods: bank transfer and debit/credit card. The amount of minimum deposit is €250. Withdrawals can be requested online in the members area or by email. Withdrawals are processed within 7 business days.

Trading Platforms

The broker offers access to the industry-leading trading platforms: MT5 Web Platform and MT5 Metatrader.

MT5 Web Platform is a web-based platform that allows for efficient trading directly from a web browser. The platform does not require to download any additional software. Its functions include opening and closing trades, setting stops and entry limits, placing orders, managing limit and stop loss, and charting.

MT5 provided by BRFXtrade is a platform based on MetaTrader MT5 and equipped by a user-friendly interface created by the broker. BRFXtrade MT5 Terminal allows for market analysis, decision-making, trade execution, and management of automated trading systems.

Social Trading

BRFXtrade offers access to online social trading platform that enables traders to follow successful traders and build their own portfolio.

Customer Support

BRFXtrade customer support can be reached via phone, email, and live chat.

Trading Support

BRFXtrade provides comprehensive trading support and education. The broker offers its customers free forex ebooks, video tutorials, articles, market analysis reports, and economic calendar.

Regardless of the account type, customers have access to their personal account managers who also serve as trading advisors and consultants.

The broker also offers free trading signals based on in-depth market analysis. BRFXtrade provides every trader an option to use its automated trading system without additional charges.

Summary

BRFXtrade is a safe broker with client-centered approach. Its strengths include variety of account types, access to the most innovative trading platforms, comprehensive package of support and education options, and optimum trading costs. At the same time, the broker requires relatively high initial deposit and does not offer demo accounts.

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4 I’m with brfxtrade not so long and all is good. I tested withdrawal it’s ok trading on news is fine no requotes. But I surfed the web saw negative comments and got worried. People say they have problems with witdrawals and delays. Don’t know if it true but I never have problems with them. Please someone who trades long with brfx tell me can I trust them.
4 Decent working conditions, wide selection of account types, but spreads are rather wide as for me unless you invest $25k+. except spreads there’s nothing I can complain about. The platform is stable, no disconnects, everything’s fast. If you want to join them, ask for Eddie, the best trading advisor.
5 I found out about this broker from my friend back in 2015. Pity they have no demo accounts and min depo is really high cause I wanted to try demo first. But my friend told me a lot about BRFXtrade and I risked. I like their platform MT5, execution and support. I withdraw 1-2 times a month and money usually hit my account within 5-6 days.
4 I joined BRFXtrade in September 2014 and so far I am satisfied. Previously I worked with other brokers and in my opinion, it is the most trustworthy among them. Here I have no withdrawal delays and disconnects unlike with other brokers, and their support always helps. Big thanks to my account manager Steve, really nice advise and service from him.

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