BFC Forex
Product is rated as #55 in category Brokerage
| Offering of Investments | 5.1 |
|---|---|
| Commissions & Fees | 2.5 |
| Platform & Tools | 2.4 |
Company Overview
BFC Forex & Financial Services PVT Ltd (BFC Forex) is now licensed as Authorised Dealer Category II (ADII) granted by the Reserve Bank of India (RBI) and specialized in Outward Remittances for various purposes as per laid down guideline of RBI. However, they continue in buying and selling foreign currency to Individual, Students, Corporate and Wholesale customers including Money Changers & Banks. Under the MTS Scheme, they are appointed as sub- agents for Western Union, MoneyGram, Ria Money and Transfast for the purpose of undertaking money transfer business in India.
Description
Broker InformationÂ
| Company Name | BFC Forex & Financial Services PVT Ltd |
| Company Abbreviation | N/A |
| Company Website | https://bfcforex.com/ |
| Company Phone | +91 82876 10555 |
| Address | C&B Square, Sangam Complex, Unit No 302, 3rd Floor, 127 Andheri Kurla Road, Andheri (East), Mumbai – 400059 |
| Registered Country | Bahrain (BFC Group) |
| Established | 1917 (BFC Group) 2012 (BFC Forex) |
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Trading InformationÂ
| Minimum Trade Size | 0.000001 |
| Leverage | 1:10000 |
| Minimum Investment | $350 |
| Account Types | N/A |
| Trading Instruments | N/A |
| Trading Platform | cTrader |
| Deposit Methods | N/A |
| Withdrawal Methods | N/A |
| Bonus Offers | No bonuses |
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0.5Expert Score
BFC Forex
Company Overview
BFC Forex & Financial Services PVT Ltd (BFC Forex) is now licensed as Authorised Dealer Category II (ADII) granted by the Reserve Bank of India (RBI) and specialized in Outward Remittances for various purposes as per laid down guideline of RBI. However, they continue in buying and selling foreign currency to Individual, Students, Corporate and Wholesale customers including Money Changers & Banks. Under the MTS Scheme, they are appointed as sub- agents for Western Union, MoneyGram, Ria Money and Transfast for the purpose of undertaking money transfer business in India.PROS
- BFC Forex offers currency exchange, travel cards, money transfers, and travel insurance.
- The platform offers competitive exchange rates for over 30 currencies, updated every 10 minutes.
CONS
- BFC Forex offers limited educational materials and resources compared to some other financial service providers.
- Outward remittances and certain withdrawal methods, may have additional fees.
Reviews (8)
8 reviews for BFC Forex
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Harsh Rajput –
this broker does not have a trading software
Abhinav Joshi –
Low score, please stay away
ethan moore –
I’ve used BFC Forex for currency exchange a few times. While their service is generally good, I think there could be improvements in terms of wait times during busy periods.
isabella wilson –
BFC Forex provides excellent customer service and quick transactions. I’m impressed with their professionalism and would recommend them for currency exchange.
jacob miller –
I’ve had a great experience with BFC Forex. Their exchange rates are competitive, and their service is fast and reliable. I would definitely use them again.
Arjun Gupta –
I found better rates elsewhere, and their rates often fluctuate unexpectedly, leading to unexpected costs.
Riya Sharma –
I faced issues with BFC Forex regarding fund transfers. There were delays in processing my transactions, causing inconvenience and uncertainty.
Aarav Patel –
This has poor customer service. They are slow to respond to queries and often provide vague or unhelpful answers.