Bika (bikaq.com and bikapro.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.bikaq.com.
Bika (bikaq.com and bikapro.com) locked my account without warning and demanded documents I had already submitted. since early this 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: Professional team|Smooth onboarding
Cons: Some tools only available on higher tiers|Account statements could be more detailed
After for roughly four months with Bika (bikaq.com and bikapro.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Quick verification|Multiple order types
Cons: Some tools only available on higher tiers
I had high hopes for Bika (bikaq.com and bikapro.com) after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Multiple order types|Economic calendar|Responsive team
Cons: No integrated tax optimization
The onboarding at Bika (bikaq.com and bikapro.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: No hidden fees|Customizable dashboard
Cons: Mobile app could be improved
I have been trying to close my account with Bika (bikaq.com and bikapro.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast deposits|Detailed reporting|Wide product range|Quick verification
Cons: No phone support on weekends|Charting tools need more indicators
The spread at Bika (bikaq.com and bikapro.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Great customer service|Multi-currency support|Transparent fees
Cons: Limited ETF selection
I wanted to transfer my portfolio from another broker to Bika (bikaq.com and bikapro.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: Automated trading options|Professional team|Detailed reporting|Personal attention
Cons: Research section could be deeper
Do not use Bika (bikaq.com and bikapro.com) for anything serious. I used them for nearly two years 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: Regular updates|High security standards|Real-time alerts|Social trading features
Cons: Minimum deposit could be lower