Scam or legit?

Hii is bcicapitals.com scam?

Hey there,

Thanks for your question. I’ve looked into BCICapitals and I believe it’s a scam.

The reasons are the following:

  • Firstly, BCICapitals is not regulated by any financial authority which raises some serious concerns. The lack of regulation questions the reliability and trustworthiness of the broker. Legit brokerages are usually regulated by at least one entity with strict standards.
  • Secondly, it’s suspicious that the name of the legal entity behind the broker is not displayed anywhere on their website. Such complete lack of transparency is only typical for scam scam brokers.
  • Thirdly, certain mandatory information is missing from their website such as privacy policy, terms and conditions, risk disclosure, etc. The only document available is a user agreement which is rather short and of low quality.

Given these, please do not use BCICapitals as your broker. If you’re looking for reliable and regulated brokers, you can find them here: https://brokerchooser.com/broker-reviews.

Please let me know, if you have any questions.

Kind regards,
Andris