Bullion Exchange FX (bullyex.com) has been flagged by ASIC (Australia) for "Unlicensed". https://www.fca.org.uk/news/warnings/bullion-fx-bfx-bullypedex
Phones: 61370446532
Addresses: 1/56 Scarborough St, Southport QLD 4215, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bullyex.com.
Where do I even begin with Bullion Exchange FX (bullyex.com)? since the beginning of the year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Wide product range|Intuitive for beginners|Instant funding
Cons: No crypto staking
KYC with Bullion Exchange FX (bullyex.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Portfolio tracking tools|Dividend tracking|Smooth onboarding
Cons: Mobile app could be improved|No phone support on weekends
The so-called education at Bullion Exchange FX (bullyex.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for nearly two years thinking they would help me learn.
Pros: Economic calendar|Reliable uptime|Fast execution|Professional team
Cons: Some tools only available on higher tiers
I experienced a security concern with my Bullion Exchange FX (bullyex.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Transparent fees|Wide product range|Regular updates|Easy to use platform
Cons: Minimum deposit could be lower
The spread at Bullion Exchange FX (bullyex.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 doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: Professional team|Real-time alerts|Social trading features
Cons: Onboarding videos are outdated
I gave Bullion Exchange FX (bullyex.com) a fair chance. After since early this 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: Personal attention|Easy to use platform
Cons: Charting tools need more indicators
The platform itself is okay, but the customer service at Bullion Exchange FX (bullyex.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Clean UI|Clear documentation|Intuitive for beginners
Cons: Charting tools need more indicators|Wait times can be long during peak hours
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. Bullion Exchange FX (bullyex.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Portfolio tracking tools|Personal attention
Cons: Would like more payment methods|Could offer more webinars
Opened my account with Bullion Exchange FX (bullyex.com) after my brother mentioned them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Personal attention|Economic calendar
Cons: Wait times can be long during peak hours|Minimum deposit could be lower
The mobile app from Bullion Exchange FX (bullyex.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: Helpful community forum|Clear documentation|Full transparency|Transparent fees
Cons: Help articles are sometimes vague