BFDcoin (bfdcoin1.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.bfdcoin1.com.
Do not use BFDcoin (bfdcoin1.com) for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Great customer service|Portfolio tracking tools|Transparent fees
Cons: Account statements could be more detailed|Spreads widen during volatile periods
Do not believe the bonus offer from BFDcoin (bfdcoin1.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: High security standards|Social trading features|Personal attention|Intuitive for beginners
Cons: Would like more payment methods
The mobile app from BFDcoin (bfdcoin1.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Dedicated account manager|Smooth onboarding|Easy withdrawals
Cons: Website design could be more modern|Some tools only available on higher tiers
The reporting at BFDcoin (bfdcoin1.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular platform improvements|Economic calendar|Reliable uptime|Personal attention
Cons: Some tools only available on higher tiers|No live chat on mobile
BFDcoin (bfdcoin1.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Market news feed|Competitive fees|Reliable uptime
Cons: Could offer more webinars|No live chat on mobile
I wanted to transfer my portfolio from another broker to BFDcoin (bfdcoin1.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Instant funding|Dividend tracking|Comprehensive tools
Cons: Nothing significant|No live chat on mobile
What really bothers me about BFDcoin (bfdcoin1.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through word of mouth in my investment club and I fell for the polished exterior. Never again.
Pros: Good analytical tools|Reliable uptime|Helpful community forum|Responsive team
Cons: Wait times can be long during peak hours|Onboarding videos are outdated
I joined BFDcoin (bfdcoin1.com) while looking for alternatives to my previous provider and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Responsive team|Tax reports included|Fast execution
Cons: Help articles are sometimes vague|Website design could be more modern
BFDcoin (bfdcoin1.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast support response|Quick verification
Cons: Limited social trading features
BFDcoin (bfdcoin1.com) 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: Copy trading available|Quick verification|Professional team|Risk management tools
Cons: Limited ETF selection