BigFxInvest is a CFDs broker that wants us to aim higher and trade better with a “Trade-focused platform“. They refer to this platform as trustworthy and imply that Big FX Invest is a dependable choice for helping individuals achieve financial goals. In addition to this, the broker wants to provide trading education in form of webinars, one-on-one sessions with “experts”, e-book and even social trading.

This combination of features sound very interesting indeed. If the broker is true to their word, then we may credit BigFXInvest for being a considerate broker (even if it means changing the title of this review). But if all of this is just pure marketing hype, then a 1 star rating is possible.

Thankfully, before we wrote this review, we tested the platform by creating an account and doing the actual trading. We came up with a conclusion based on a number of things we took note of.

General information about BigFXInvest broker

Website of broker	https://www.bigfxinvest.com/
Email	Not disclosed
Physical address	11 Westferry Circus, London E14 4HD, United Kingdom
Phone numbers	Support – +442038465523 Trading – +442038465533
License	None
Tradeable assets	Forex and CFDs
Minimum deposit	$250
Trading platform	A strange web-based platform
Leverage	Undisclosed

A review of BigFxInvest website and client portal

The landing page is quite simple but full of promises. This is the only opportunity to tell the world what they offer and how best they offer it.

BigFXInvest still has a decent website nonetheless. The navigation links are well placed on the menu. The text is legible and generally, we didn’t have a problem with the layout of their website.

The client portal was difficult to access. This is because this broker needed us to input a referral code which we didnt have. We somehow found our way around it and managed to access the client portal.

We find it rather strange that BigFxInvest is asking for a referral code from new clients. This is something we only see when signing up on an MLM platform or a ponzi scheme website where affiliates have to invite new members through a unique referral code so that their commission can be credited accordingly. It is unusual for a Forex and CFDs broker to ask for a referral code.

The client portal of BigFxInvest is straight-forward. Other than the obvious deposit and withdraw functions, the client portal is equipped with a KYC verification center and personal details section. In the same client portal, traders can create their trading account and view their statements too.

There’s nothing pretty unique about the client portal of BigFxInvest broker.

A review of BigFxInvest trading platform

A web-based trading terminal is the “name” of the trading platform. This is neither a MetaTrader nor a TradingView facility.

It seems that BigFxInvest.com is not a licensed broker of MetaTrader platform. This is a big disadvantage because the type of trading terminal which they offer is not as versatile as what we get when we trade with MetaTrader or let’s say cTrader.

Currently, traders can’t use their own expert advisor on the BigFxInvest’s trading terminal. If you want to automate your trading, the broker is insisting that you should make use of their social trading facility, which requires an upgrade from the basic account. This upgrade is very expensive.

We’re not a fan of social trading because the so-called traders’ profiles and performance are mostly unverifiable.

Copying traders blindly increases the risk of depleting your account.

There are no audits from a third-party who can guarantee transparency in how the social trading platform works. In fact, this is one of the avenues that crafty brokers would use to defraud investors.

On the other hand, we liked the fact that BigFxInvest.com didn’t pester us to download any software.

Occassionally as we do our tests, we find that some brokers have injected our computer with a malware. We’re trying to avoid this situation as much as possible, and it seems that BigFxInvest is either aware of this concern or their whitelable provider didn’t offer them this choice.

Account types of this broker

The account types are as follows:

• Bronze… Minimum deposit 10,000 EUR
• Silver……Minimum deposit 25,000 EUR
• Gold…… Minimum deposit 50,000 EUR
• Platinum……Minimum deposit 100,000 EUR
• Islamic Account…. Minimum deposit not disclosed
• Diamond……. Minimum deposit 250,000 EUR
• Premium…… Minimum deposit 500,000 EUR
• VIP….. Minimum deposit 1,000,000 EUR

In the FAQ section of the broker’s website, they say the minimum deposit is 250 EUR. The basic account is the Bronze type which clearly says you need 10,000 EUR to open it.

In my opinion, this is a trick that the broker uses to make you deposit the 10k. You may realize later on that this broker accepts 250 EUR but this will be too late.

In addition to this, forcing new traders to deposit 10,000 EUR is unreasonable. New traders shouldn’t take this kind of risk whatsoever. But you see this broker is justifying the risk by claiming that they will offer education to these traders so there’s nothing to worry about.

In reality, successful trading is about education and experience first and then a deposit follows, not vice versa.

Because of this, we have knocked out another star in our rating of BigFxInvest broker. This is because they’re enticing traders with no prior experience to commit such a huge deposit.

A review of BigFxInvest’s Trading education

The trading education academy is only suitable for new traders. However, intermediate or advanced traders will find it not useful. This is because the training academy doesn’t go beyond teaching the basics of trading. You won’t find effective trading strategies in this section. As an intermediate or expert trader, you want a broker that can provide you with strategies/tips that are not so obvious.

The training is offered in form of e-books, videos and tutorials. Further assistance in this area requires at least a Gold account. It costs $50,000 to open a gold account with BigFxInvest.com broker.

Deposits and withdrawals

BigFxInvest accepts Visa and MasterCards as well as e-wallets such as Skrill and Neteller. Bank wire transfer is also one of the payment options. When withdrawing funds from this broker, it will take a minimum of 3 working days.

Fees, commission and spreads

According to BigFxInvest’s terms of service, traders will not incur fees or commissions in their first transaction of the month. However, in the subsequent deposits and withdrawals, traders will incur an undisclosed fee.

The broker has also mentioned spreads on their website but not given us the exact numbers. We wish this broker was transparent so that traders will not face surprises later on.

Is BigFxInvest a scam broker?

The broker may be a scam due to the fact that there are problems with how they handle regulatory reqirements. They claim that they are members of the Crypto Conduct Authority. CCA is not a financial regulator and neither can you trust them when it comes to solving issues that arise between traders and brokers.

In addition to this, Crypto Conduct Authority is not a real organization. It’s just a website that scammers created so that they can purchase membership and pass off as if they are regulated by a credible government body.

The real financial regulator should be the FCA

BigFxInvest broker provides a UK physical address which means they are operating in the FCA controlled jurisdiction. If this broker is honest, nothing stops them from reporting and registering with the FCA. However, after querying the FCA database for the name of this broker, we find nothing.

When this comes to the attention of the financial regulator, the broker will be blacklisted and labeled risky to trade with. At this point, it will not be a question of whether or not this broker is a scam.

Summary of BigFxInvest review

Having discussed this broker from every angle, we feel that we’re not so confident to recommend them. We feel that this is more of a risky broker than a trading platform that is dependable and efficient. The cons of trading with BigFxInvest far outweigh the pros. In fact, we said nothing about the pros since we couldn’t find any strong positive aspect of this broker. In other words, this may be a scam.

And now your opinion matters. Share it in the comment section.