BICapital has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My card was charged twice by BICapital on the same day. I had to dispute it with my bank. BICapital then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Low minimum deposit|Great customer service|Economic calendar
Cons: Limited social trading features
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. BICapital said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Low minimum deposit|Clean UI|Portfolio tracking tools|Social trading features
Cons: No crypto staking|Spreads widen during volatile periods
I was contacted by BICapital 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: Cannot withdraw funds|Not regulated|Pressure tactics
BICapital 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: Low minimum deposit|Segregated accounts
Cons: No live chat on mobile|Inactivity fee applies after 12 months
I was about to invest with BICapital but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I lost a significant amount because BICapital did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Automated trading options|Customizable dashboard|Instant funding
Cons: No phone support on weekends
After for about eight months with BICapital, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Risk management tools|Good analytical tools|Clean UI
Cons: Nothing significant|No crypto staking