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BeFX -

Score

1.54 /10
Danger

BeFX

Chile

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://mundobefx.com

Influence

C

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Score

Regulatory Index0.00

Business Index7.23

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BeFX

Company Abbreviation

BeFX

Platform registered country and region

Chile

Company website

X

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  • 56965500946

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BeFX · Company summary
BeFX Review Summary
Founded2019
Registered Country/RegionChile
RegulationUnregulated
Market InstrumentsForex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices
Demo Account✅
LeverageUp to 1:200
Spread/
Trading PlatformXOH trading platform
Min Deposit$500
Customer SupportTel: 56232767335
WhatsApp: 569 3418 9983
Email: clientes@mundobefx.com
Address: El Bosque Norte #0123 Oficina 603 Las Condes, Santiago

BeFX was registered in 2019 in Chile and offers all kinds of trading instruments, including Forex, ETFs, cryptocurrencies, CFDs, commodities, stocks and indices with leverage up to 1:200 via the XOH trading platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.

BeFX's homepage

Pros and Cons

Pros Cons
Diverse trading productsUnregulated
Demo accountsNo MT4 or MT5
Multiple account typesHigh minimum deposit
Popular payment options

Is BeFX Legit?

No. BeFX has no regulations currently. Please be aware of the risk!

No license
Domain information

What Can I Trade on BeFX?

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on BeFX?

Account Type

Account TypeBasicSilverGoldBlack
Min Deposit$500$500$2,000$10,000
Account comparison

Leverage

BeFX offers the maximum trading leverage of up to 1:200 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
XOH Trader platform✔Desktop, Android, IOS/
MT4❌/Beginners
MT5❌/Experienced traders
XOH Trader platform

Deposit and Withdrawal

BeFX accepts payments via webpay.cl, MasterCard, Visa, Wire Transfer, Skrill, and Neteller.

Payment options

News

NewsMARKET VISION: GOLD

Gold remained steady at approximately $2,040 per ounce on Tuesday following heightened volatility in the previous session. In that session, the price of gold surged by over 5% to surpass $2,140 before undergoing a dramatic reversal and ultimately closing down by 2% around $2,030.

WikiFX
2023-12-07 10:28
MARKET VISION: GOLD

NewsMARKET VISION: EURO

The euro held steady above $1.09, remaining near its highest levels since August 10, as investors digested a series of statements from ECB officials while anticipating upcoming inflation data.

WikiFX
2023-12-04 18:35
MARKET VISION: EURO

NewsDOLLAR struggles to consolidate above $900

The peso dollar has commenced its trading above the highest value recorded yesterday, currently standing at 903.75. The initial starting point for the local currency's upward trajectory is marked by copper's decrease of 0.36% at 3.62 dollars per pound. This decline serves as a stepping stone for the peso dollar to reinforce its position in the 900s range and sustain the ongoing positive trend.

WikiFX
2023-12-04 17:46
DOLLAR struggles to consolidate above $900

NewsCPI DATA MOVED THE MARKETS STRONGLY YESTERDAY

Shares in Hong Kong rose 488 points or 2.8% to 17,884 in early trading on Wednesday, reversing Tuesday's weak session and reflecting a rally on Wall Street overnight after weaker US CPI data fueled bets that the Federal Reserve's tightening cycle had peaked.

WikiFX
2023-11-20 18:54
CPI DATA MOVED THE MARKETS STRONGLY YESTERDAY

NewsDOLLAR opening over $940

The day begins with no significant movement in the peso dollar, but it undergoes a brief fluctuation, trading at a stable rate of 944.45. Meanwhile, the value of copper shows a slight decline of 0.25% on the London Metal Exchange, with its price settling at 3.55 per pound.

WikiFX
2023-10-24 15:21
DOLLAR opening over $940

NewsFLAT DOLLAR IN ITS FIRST OPERATIONS

Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.

WikiFX
2023-08-24 12:06
FLAT DOLLAR IN ITS FIRST OPERATIONS

NewsALL EYES ON FED

The Federal Reserve is widely expected to raise the target range for the federal funds rate by 25 bps to 5.25%-5.5% in July 2023, raising borrowing costs to the highest level since January 2001 and resuming the tightening campaign.

WikiFX
2023-07-28 17:59
ALL EYES ON FED

NewsDOLLAR is located above $800 before good data in the US.

Following the release of the ADP employment data in the United States, the USD to peso exchange rate witnessed an initial gap of over 3 pesos, and subsequently approached the 800 peso mark once again. The remarkable surge in job creation was so significant that it surpassed expectations by doubling the anticipated figure, with market forecasts anticipating nearly 500,000 new job additions compared to the previously projected 230,000.

WikiFX
2023-07-10 11:45
DOLLAR is located above $800 before good data in the US.
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FX1274047205
more than one year
The BeFX website is only in Spanish, and although I can understand a little bit, and basically everything with the help of a translator, I dare not trade like this. Wish it had English service.
The BeFX website is only in Spanish, and although I can understand a little bit, and basically everything with the help of a translator, I dare not trade like this. Wish it had English service.
Translate to English
2023-02-24 11:27
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FLAYXNJ
more than one year
Best platform for crypto and forex trading. User interface is so friendly and verification process is very easy and fair. Also stocks trading is present.
Best platform for crypto and forex trading. User interface is so friendly and verification process is very easy and fair. Also stocks trading is present.
Translate to English
2024-06-27 12:27
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