Bexplus is a cryptocurrency exchange that is registered in Saint Vincent and the Grenadines with offices in Singapore, Japan, the US, and Brazil. They provide traders with advanced and effective opportunities for entry-level digital currency investment. Traders are provided with a good selection of educational resources and customer support teams to assist them.
Bexplus Review, Pros & Cons
- Web & mobile trading platforms
- Multiple cryptocurrencies
- Educational resources
- Located offshore
- No USA clients
- Cryptocurrency trading only
- Limited funding options
- No MetaTrader platforms
- No contact telephone number
- No live chat support
In this detailed Bexplus review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bexplus was established in 2017 as a global crypto derivatives platform that provides fast execution speed and low latency to beginners and professional traders. The Exchange offers Bitcoin, Ethereum, Litecoin, EOS, and XRP perpetual contracts for futures trading, and a leverage of up to 1:100 is available.
Bexplus is licensed by the Financial Services Authority of Saint Vincent and the Grenadines. Some may not consider this regulation to compare to that of another regulator such as the FCA, CySEC or ASIC. Please see our trading broker reviews for alternative regulated brokers.
Residents of the United States of America or Quebec (Canada) are prohibited from holding positions or entering into contracts with Bexplus.
Some Bexplus features and products mentioned within this Bexplus review may not be available to traders from certain countries because of legal restrictions.
The Exchange offers a versatile trading platform that can be accessed directly through the brokers website or by downloading the mobile trading app. The platform is packed with multiple indicators, thereby giving both beginners and professional traders an efficient and high-quality trading experience.
Bexplus Trading Tools
Bexplus provides traders with some useful trading tools, including trading charts powered by TradingView.
There is a help center on the Bexplus website, which contains a selection of educational materials, such as beginners’ guides, articles, and an FAQ section. These help to improve traders’ trading skills and knowledge.
The Exchange offers Bitcoin, Ethereum, Litecoin, EOS, and XRP perpetual contracts for futures trading
Bexplus Accounts & Fees
Bexplus offers a Wallet Account and a Trading Account. The Wallet Account is only used for bitcoin storage, transferring to the trading account, or withdrawals but not for trading, whereas the Trading Account is for trading purposes only. There is also the demo account that is provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Bexplus review. It is imperative to ensure that you check and understand all of the latest information before you open a Bexplus broker account for online trading.
The Exchange’s customer support team is available 24/7 via email and social media.
Bexplus Deposit & Withdrawal
Bexplus only accepts Bitcoin for deposits and withdrawals. The Exchange’s deposit address is tamper-resistant and multi-signature cold wallet address
Bexplus Account Opening
To open an account, click on the ’Sign Up’ button on the homepage. Next, go to the registration page and enter your email to get your verification code and then set your password. Finally, check the box to confirm if you agree to the user agreements, and then submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Overall, Bexplus is an online platform that allows users to buy and sell cryptocurrencies. The Exchange is based in Saint Vincent and the Grenadines and has been in operation since 2017. There is a good selection of educational resources, as well as a client support team to assist traders.
You should be aware that the risk of loss in trading or holding Digital Currencies can be substantial. As with any asset, the value of Digital Currencies can go up or down and there can be a substantial risk that you lose money buying, selling, holding, or investing in digital currencies. The Digital Currency Services and Additional Services are not currently regulated by the Financial Conduct Authority or any other regulator in the UK. You should carefully consider whether trading or holding Digital Currencies is suitable for you in light of your financial condition.