Overview of BBI Trading
BBI Trading, an unregulated company based in the United States with 2-5 years of operation, offers trading services primarily through the MetaTrader 4 platform. They provide access to a range of market instruments, including forex, precious metals, indices, and crude oil. BBI Trading offers three types of trading accounts: Standard, Pro, and VIP, each with varying spreads and commission rates. The leverage options differ across asset classes up to 1:1000.
Regulation
BBI Trading is not regulated by any regulatory authorities.
Pros and Cons
Market Instruments
BBI Trading offers a range of market instruments, including forex, precious metals, indices, and crude oil, allowing clients to diversify their trading portfolios.
Forex: BBI Trading offers access to the foreign exchange market, allowing clients to trade various currency pairs. Forex trading involves the buying and selling of currencies, and clients can engage in trading pairs such as EUR/USD, GBP/JPY, and USD/JPY.
Precious Metals: BBI Trading provides the opportunity to trade precious metals like gold and silver. Precious metals trading allows investors to speculate on the price movements of these valuable commodities, potentially benefiting from fluctuations in their market prices.
Indices: BBI Trading offers trading in stock market indices, representing the performance of groups of publicly traded companies. Indices such as the S&P 500 and the Dow Jones Industrial Average can be traded, enabling clients to participate in the broader equity market.
Crude Oil: BBI Trading facilitates the trading of crude oil, a significant commodity in the global market. Clients can engage in trading various oil products, potentially capitalizing on price movements in this essential energy resource.
The following is a table that compares BBI Trading to competing brokerages:
Account Types
BBI Trading offers three account types: Standard, Pro, and VIP. While they provide information about spreads and commission rates, details regarding minimum deposits or unique features for each account type are not disclosed.
Standard Account: BBI Trading offers a Standard account type that provides traders with the option to start trading with spreads that begin at 1.0 pips. The associated commission for this account starts from $3 per lot. However, specific details regarding minimum deposits or other unique features are not provided.
Pro Account: The Pro account offered by BBI Trading features tighter spreads, starting from 0.5 pips, and a reduced commission structure, beginning at $2 per lot. While this account type offers potential cost savings compared to the Standard account, additional specifics such as minimum deposit requirements are not specified.
VIP Account: BBI Trading offers a VIP account type with the tightest spreads, starting from 0.2 pips, and the lowest commission rate, commencing at $1 per lot. However, the company does not disclose any minimum deposit requirements or additional distinguishing features for this account.
The specifics of the account types are as follows:
How to open an account?
- The user can start the account creation process by pressing the “Register” button, which is found at the top right corner of the main page.
- This forwards the user to the Email registration page, which prompts the user to fill out various personal information that is used to create the account. This process starts with entering a valid e-mail, which then needs to be verified through an automatic confirmation e-mail.
- After the personal information in all filled, the user can press the “Register now” button that is located at the bottom of the page, which completed the process.
Minimum Deposit
The official website of BBI Trading does not provide explicit information about a minimum deposit requirement. However, numerous customer reviews consistently suggest that there is a minimum deposit expectation of at least $100 when trading with the company. This disparity between the official information and user experiences raises concerns about the transparency and communication standards of BBI Trading, potentially impacting the trustworthiness of the brokerage among prospective clients.LeverageBBI Trading offers varying levels of leverage depending on the type of market instrument being traded. For forex trading, clients can access leverage up to 1:1000, while for stocks and indices, the maximum leverage is up to 1:50. For cryptocurrencies, the maximum leverage offered by BBI Trading is up to 1:20.
Here is a table comparing the maximum leverage for different market instruments offered by BBI Trading, OctaFX, Tickmill, and FxPro:
Spread
BBI Trading offers a range of spreads for its different account types. The spreads start from 1.0 pips for the Standard account, 0.5 pips for the Pro account, and 0.2 pips for the VIP account. These spreads represent the difference between the bid and ask prices for various financial instruments.
Deposit & Withdrawal
BBI Trading offers several deposit and withdrawal methods for its clients. These methods include bank transfers, credit/debit cards, and cryptocurrencies. Bank transfers are available for both deposit and withdrawal purposes and are listed as free of charge. However, credit/debit card deposits incur a 2% fee. Cryptocurrencies also serve as a deposit and withdrawal option, although specific details regarding fees or supported cryptocurrencies are not provided with the available information.
Trading Platforms
BBI Trading offers the MetaTrader 4 (MT4) trading platform to its clients. MetaTrader 4 is a widely used and established platform in the financial industry, known for its user-friendly interface, advanced charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs).
Unfortunately, having a single trading platform, such as MetaTrader 4 (MT4), can be disadvantageous when compared to competitors offering multiple platforms because it may limit traders' ability to choose a platform that aligns with their specific trading preferences and strategies. Competitors providing a broader selection of platforms allow traders to tailor their trading experience to a greater extent, potentially enhancing their overall performance.
Here is a table comparing the trading platforms offered by BBI Trading, OctaFX, FXCC, Tickmill, and FxPro:
Customer Support
BBI Trading offers customer support through email. Clients can reach out to the company's customer support team by sending inquiries and seeking assistance via the provided email address, which iscs@bbistrading.com.
Having a single customer support method, such as email, can be disadvantageous because it may limit the speed of response and accessibility for clients who prefer or require more immediate assistance. Additionally, it reduces the options for clients to choose a communication method that best suits their needs or preferences, potentially impacting overall customer satisfaction.
愣子丶傻子
Hong Kong
Can't trade, can't withdraw money, the website has become a pornographic website, it has been running for a long time. My money is still in it, I am so angry!
Exposure
2024-04-02
疯子619
Hong Kong
I deposited in May,2023. I can withdraw in June, July and August. But in September, the withdrawal is blocked with a variety of reasons. On December, platform can not be opened and it has run away. After that, I sued the agent but got no results. The following is the evidence.
Exposure
2024-03-21
黑
Hong Kong
I originally planned to re-check my previous order today, but found that my account was blocked. I went to the official website to check, and all the official website URLs were invalid.
Exposure
2023-12-06
serch4 REEB.FAN
Canada
So, starting from October 26th, i tried to withdraw money but got rejected. They mentioned something about giving bonuses because of their activities, right? And then last week, i tried to withdraw your profits, there was a problem with the server, and the customer service gave a lot of excuses.
Neutral
2023-12-10
@老崔
Hong Kong
I applied to withdraw $2,700 on June 14, 2023. It has been more than five months. The platform has not responded to any messages or remittances. There are still $3,000 in the platform account that have not been withdrawn. Such a platform is really black. .Requesting assistance in processing
Exposure
2023-11-25
FX2497108009
Hong Kong
My withdrawals haven’t been credited to my account for several months, there is no customer service, and no one responded to my emails.
Exposure
2023-11-07
FX2497108009
Hong Kong
Withdrawal account number: 4208450 The withdrawal has not been credited for one month. The email shows that the withdrawal has been successfully accepted, but the account is not received and there is no customer service.
Exposure
2023-11-03
黑
Hong Kong
I made the deposit in June last year. Because I had never been in this industry before, I also went through a week of training and then made the deposit. As a result, I have been making money one after another for more than a year. When their platform saw that my account doubled, they started to find problems, saying that it violated the platform rules. The previous orders were all illegal orders. They were talking about scalping. The previous ones The funds are frozen, but they can still be used as margin. The order must be issued in more than five minutes. After that, I continued to do it for several months and made a lot of money. They found that all the profit orders were in compliance with the regulations, so they pulled out orders with stop loss within five minutes and said scalping was illegal, and they banned my account from trading. Haha, then if I see it reaches the stop loss line, do I still have to pull the stop loss line down again? Now that funds cannot be withdrawn and orders cannot be placed, they insist that I am violating the rules. So do you think it’s reasonable for you to jump out and explain the platform rules after I’ve been doing it for a year?
Exposure
2023-10-28
FX3457155741
Hong Kong
BBI has not allowed withdrawals since the beginning of this year! No reply after sending the email! It’s hard to explain why you ask! Then I will deactivate your account! It's so outrageous... Through negotiation with WikiFX, BBI said that the account was operated in violation of regulations and that the principal will not be refunded... Made up reasons! Keep making up!
Exposure
2023-09-09
FX3457155741
Hong Kong
Withdrawals has been slowed down from early 2023. I sent an email to contact, and the platform said it was because of a system upgrade! Withdrawal applications have not been processed since April. I sent hundreds of emails and none of them responded! In August, I applied for withdrawal again and suddenly it was approved, and mt4 was also deducted, but no payment was made!
Exposure
2023-08-17