Bex Options Review (2023)
Is Bex Options a scam or a legit broker?
Bex Options is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.
About Bex Options
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Bex Options safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Bex Options is a broker that offers forex, cryptocurrencies, binary options (See Regulated Binary Option Brokers) and CFDs trading. The company is owned and operated by Bex Options Trade and Investment and claims to be located and regulated in the UK. They even provide the registration number with the UK’s FCA on the website, however, the company is not regulated by the FCA or any other authority. The registration number belongs to another FCA-regulated company Bex Trading Limited that has no connection to Bex Options. It seems like the broker has been using the registration details of a legit company and has been deluding the traders. As a proof to this, there is a warning issued by the UK’s Financial Conduct Authority stating:
“This firm is not authorised by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorisation. Please note that Bex Options and https://bexoptions.com/ is in no way connected to the registered company Bex Trading Limited (CRN: 09563470)”
Conclusion
Most of the forex/CFD brokers in the UK have to be licensed by the FCA (See XM review here). It is clear that Bex Options doesn’t hold a license from the regulator, moreover, it has been using the details of the genuine, licensed company to get clients’ trust. To sum up, Bex Option might be just one of the companies that run investment scams. We advise traders to choose among well-regulated and reliable brokers who guarantee the segregation of the accounts and protection of funds. Check the list of the FCA-regulated brokers.
Bex Options website is no longer active.