Score
BPS
United Kingdom|5-10 years| https://www.bpscapital.co.uk/
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Single Core
1G
40G
Contact number
+44 20 7953 7233
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BPS Capital Limited
BPS
United Kingdom
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- United KingdomFCA (license number: 845858) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
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BPS · Company Summary
Note: You can't access BPS's official website:https://www.bpscapital.co.uk/ right now.
BPS Information
BPS started in 2017 as an unregulated broker company with registration in the United Kingdom. The company offers the MetaTrader 4 (MT4) platform for trading.
Is BPS Legit？
BPS Capital Limited was an Appointed Representative (AR) previously regulated by the Financial Conduct Authority (FCA) in the UK. However, its credential identified as number 845858 is no longer valid.
 | The Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| License Type | Appointed Representative(AR) |
| License No. | 845858 |
| Licensed Institution | BPS Capital Limited |
Downsides of BPS
- Unavailable Website
BPSs official website cannot be accessed at present. This raises concerns about reliability and accessibility.
- Lack of Transparency
Investor understanding regarding what BPS remains limited due to insufficient information concerning this platforms operations and dependability.
- Regulatory Concerns
It is unclear whether the company has any regulatory status, which makes it hard to trust its overall integrity and protect investors interests at large thus such matters have left its regulative position in doubt.
- Withdrawal Difficulty
A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.
Negative BPS Reviews on WikiFX
On WikiFX, “Exposure” is indicated as a word of mouth; gotten from the users.
The recommendation for traders is to check the information and risks before engaging in dealing with the unregulated platform. If fraudulent brokers persist, you can report in our Exposure section and our team will help to solve such problems.
As of now, there was 1 piece of BPS exposure in total. I will introduce it.
Exposure 1. Cannot withdraw money/Alleged Scam
| Classification | Cannot withdraw money |
| Date | Nov 8, 2020 |
| Post Country | Hong Kong |
Conclusion
Using a non-regulated platform like BPS can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.
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