General Information & Regulation
BIC Markets are a Cambodian derivatives broker providing foreign exchange, metals, and commodities trading services to retail and institutional clients. BIC MARKETS currently holds a Securities and Exchange Commission of Cambodia (SECC) general financial license, with regulatory license number not fully disclosed.
Market Instruments
BIC Markets for investors to provide financial products are mainly foreign exchange market currency pairs, metals, commodities. Compared with other brokers who can provide a wealth of trading assets, BIC MARKETS provides more limited trading instruments.
Minimum Deposit
BIC MARKETS provides all investors with two live trading accounts: the Zero Commission account and the VIP account. The Zero commission account requires a minimum opening amount of $100, while the VIP account requires an opening amount of $5000, probably for professional traders.
BIC Markets Leverage
In respect to trading leverage, the maximum trading leverage offered by BIC Markets is up to 1:400, which is considered high. Inexperieced traders are not advised to use such high trading leverage, for margin trading is a risky activity.
Spreads & Commissions
BIC Marketss spreads are highlighted in points. 1 pip equals 10 points. Almost all currency pairs have an average spread that is between 23 and 29 points (2.3 to 2.9 pips). The only 3 exceptions are EUR.NZD (31 points or 3.1 pips), GBP.CHF (31 points or 3.1 pips), and GBP.JPY (35 points or 3.5 pips). Commodities and indices, for the most part, have a spread of 30 points/3 pips or higher.
Trading Platform
BIC MARKETS provides traders with popular MT4 trading platform in the mother market. BIC FX MT4 uses the MT4 platform to introduce its liquidity provider to create a user-friendly front-end trading interface with interbank liquidity and efficient and reliable execution. Besides, MT4 provides the necessary tools and resources to analyze the price dynamics of credit instruments, trade, create and use automated trading programs (EA trading). Additionally, there are BIC FX Tablet, BIC FX Apple, and BIC FX Android versions to meet the flexible needs of traders.
Deposit & Withdrawal
BIC Markets does offer several funding options, including VISA, Matercard, JCB as well as Skrill. However, BIC Markets doe not tell any details about deposit and withdrawal fees appiled.
