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Updated on January 5, 2024

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Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Bex Options due to the issues we've identified.


Is Bex Options Scam or Legit Broker? ▲

Upon thorough investigation and consideration, it is our unfortunate conclusion that Bex Options does not meet the criteria for a reliable Forex broker. The primary red flag stems from its glaring lack of licensing from any globally recognized financial authority. This absence of regulatory oversight suggests that Bex Options may be operating under fraudulent pretenses, as it has not undergone the rigorous compliance checks necessary for establishment, nor is it under any form of continuous surveillance to ensure operational integrity. In essence, without any regulatory constraints, Bex Options is at liberty to conduct its business in a manner that could pose significant risks to traders and investors alike.


What is Bex Options? ▲

Bex Options presents itself as a brokerage entity offering a range of trading options including forex, cryptocurrencies, binary options, and CFDs. The firm operates under the ownership of Bex Options Trade and Investment, claiming regulatory compliance and operational base in the UK. Despite providing a registration number purporting affiliation with the UK's Financial Conduct Authority (FCA), investigations reveal that this number is inaccurately attributed and actually belongs to a legitimate company, Bex Trading Limited, with no ties to Bex Options. This misleading identification has prompted an official warning from the FCA, highlighting that Bex Options is not authorized to perform the regulated activities it claims, thus misleading UK traders and potentially engaging in unauthorized financial operations.


Bex Options Review Conclusion ▲

In the realm of forex and CFD brokerage within the UK, adherence to the Financial Conduct Authority's licensing requirements is not just a formality but a fundamental indicator of a broker's reliability and commitment to trader security. Bex Options' failure to secure such licensure, compounded by its misuse of another company's registration details to garner trader trust, casts a long shadow over its legitimacy. Consequently, we strongly advise potential traders to seek out brokerage services that are not only compliant with regulatory standards but also transparent and committed to protecting their clients' interests. Reliable brokers are characterized by their adherence to regulatory standards, including account segregation and fund protection measures, which are absent in Bex Options' operations.


Bex Options Update ▲

Our latest findings indicate that Bex Options has ceased its online presence, rendering its trading services inaccessible. This development further compounds the concerns regarding its reliability and intentions. While the brokerage may no longer be operational, we urge caution and recommend that traders and investors remain vigilant against any future endeavors or propositions that may arise from this entity or similar operations lacking transparent and regulated trading environments.


When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.

Bex Options

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare Bex Options with its peers

Bex Options

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare Bex Options with its peers

Bex Options
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In a Snapshot

Name: Bex Options

Website: www.bexoptions.com

Reason to avoid: No license

Date: December 25, 2018

⚠️Caution: Bex Options operates as an unregulated broker, making it UNSAFE for trading activities.⚠️

Bex Options Review 2024

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