FX BFI is a trading name of FXBFI Broker Financial Invest Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 315/16.
You can trade currency pairs, stocks and commodities through one of the most popular platforms worldwide – MetaTrader 4 (MT4). It provides advanced charting and analysis tools and is suitable for beginner and experienced traders. The web-based version is also available.
The Terms and Conditions document shows that the company provides its clients, irrespective of their classification as retail or professional ones, with Negative Balance Protection. That means the client’s losses will never exceed the equity per trading account – clients can never lose more than the total sum invested.
The document also states that when you place an order on the company’s electronic trading platform, you do not trade with the company as your counterparty. The company will be dealing with you on an execution-only basis and it is not your principal to each trade. This means that the FX BFI acts as an STP broker and is not a market maker. The same document reveals that all types of orders are subject to slippage and stop loss orders can be filled at the first available price. It is weird when we clicked on the Order Execution Policy link, we were redirected to a document of another company.
Overall, the company does not provide much information about its services. The page is neglected, and only common things are displayed. We realize that it is not enough to attract a trader.