Beaqon X has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Beaqon X aka BeaqonX found at www.beaqonx.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Beaqon X locked my account without warning and demanded documents I had already submitted. since I opened my account last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Low minimum deposit|Smooth onboarding|Great customer service|Fast support response
Cons: Withdrawal takes 1-2 business days
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Beaqon X said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Helpful community forum|Great customer service|High security standards
Cons: Minimum deposit could be lower|Inactivity fee applies after 12 months
For anyone considering Beaqon X, please be aware that this company has been flagged by Ontario Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
I was contacted by Beaqon X through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
Several red flags with Beaqon X: (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
My withdrawal request from Beaqon X has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Instant funding|Dividend tracking
Cons: Onboarding videos are outdated|Research section could be deeper
I gave Beaqon X a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multi-currency support|High security standards
Cons: Help articles are sometimes vague|Onboarding videos are outdated
Beaqon X advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Instant funding|Dedicated account manager|Segregated accounts
Cons: Alert system is basic|Website design could be more modern
After spending since I retired last year trying to make Beaqon X work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Excellent charting|Copy trading available|Clean UI
Cons: No phone support on weekends|Spreads widen during volatile periods
Do not be fooled by the professional-looking website. Behind the scenes, Beaqon X is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Easy withdrawals|Multi-device support|Risk management tools
Cons: Help articles are sometimes vague|No live chat on mobile