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Bein markets

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7.0
(2 Reviews)

Founded: 2019 Min Deposit: 50 USD

Headquarters: Kuwait Max Lev: 1 : 500

Risk Level I

Bein markets is only registered with SVG FSA, but SVG FSA does not regulate forex.

Score
Business Scope
0.0
Trading Cost
7.0
Trading Platforms
7.0
Support
8.5
Licence Status
SVG FSA 149
Registered
Contact
+965-222-88-314
info@beinmarkets.com
https://beinmarkets.com/
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

Q&A Weekly Review - What's Asked This Week? 2023-06-23
BrokersView provides "Q&A Weekly Review" from Jun 19-23, 2023 to keep traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

Deposit and Withdrawal

7.0

Good

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Company and Service

--

Score

Profile
Headquarters Address
Kuwait City, Ali Al Salem Street, Pearl Tower 1, sixth floor, office No.2
Founded 2019
Broker Type
ECN
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows,  iOS,  Android
Contact
No Data
Others
Website Language
Arabic,  English
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Instagram,  Youtube,  Telegram
Supported Language
Arabic,  English

Related Complaints

Q&A

What license does it have?

mr Wu
Dominican Republic
2023-06-18
ANSWER Bein markets is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Bein markets claims to be an authorized representative of Royal ETP LLC., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 149LLC2019. While we did find matching records in the SVG FSA register, investors should be aware that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. As such, the financial services or products offered by Bein markets remain unsupervised by the relevant regulatory body.Furthermore, Bein markets asserts that Royal ETP LLC is powered by Royal Group Holding, which supposedly holds licenses under the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). However, neither company exists in the registers of the aforementioned authorities, further undermining Bein markets' reliability.Regarding your question, Bein markets only has an SVG FSA registration license, which still cannot support its legitimacy. It is an unregulated broker coming with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, we strongly suggest investors avoid unregulated brokers like Bein markets and choose a fully regulated one.
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Overall Score

7.0
2 Reviews

Cost 7.0

Platforms 7.0

Deposit & Withdrawal 7.0

Customer Support 8.5

Indicates the average level of Brokers

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2 Reviews

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Thomas Khalil
Balitmore
Reliable, flexibility and robust. Quick response time. Deposit and withdrawal awesome. No clichés. Problem solving ability excellent. Very Agile. Had always been supportive
2022-08-09
Reply
Wyatttttt
0-6 months Classic Account Guam
I was having some difficulty opening up and funding a new account. My calls were answered promptly. The guy I spoke with couldn’t have been more patient and professional. They walked me through the registration and funding process. It was so refreshing to find outstanding customer service.
2022-07-17
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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