Score
BAQuote
Marshall Islands|2-5 years| https://baquote.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 123 328 0112
Other ways of contact
Broker Information
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BAQuote Ltd.
BAQuote
Marshall Islands
Pyramid scheme complaint
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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 the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500:1 |
| Minimum Deposit | $20.000 |
| Minimum Spread | 0.5 Pips Better than Standard Account |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500:1 |
| Minimum Deposit | $50 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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BAQuote · Company Summary
General Information & Regulation
BAQuote says to be a trading name of BAQuote Ltd. – an offshore company based on the Marshall Islands. As a matter of fact the local authorities on the Marshall Islands simply do not pay attention to the forex industry, so any broker registered there, does not have a legit forex license and does not have to report to anyone.
Market Instruments
Tradable financial instruments available on the BAQuote platform include currency pairs, commodities, indices, metals, shares.
Minimum Deposit
When it comes to minimum initial deposit, BAQuote requires traders to deposit at least $50 to start trading. Although this is the reasonable amount, given the fact that this broker is an unregulated broker, trader should stay away from it.
Leverage
BAQuote offers the high trading leverage, reaching up to 1:500. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
In terms of spread and commissions, BAQuote does not make this part clear. Legit brokers would clearly displays their trading conditions, while unregulated brokers tend to hide them to scam traders.
Trading Platform Available
When it comes to trading platform available, what BAQuote offers is the widely recognized and famous MT5 trading platform.
Deposit & Withdrawal
There is no payment methods related information mentioned on the BAQuote official website. Most brokers would support some common funding options like Wire transfer, Visa, MasterCard, as well as e-wallets methods including Skrill and Neteller.
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