The site is operated by Direct Prime Ltd, which is registered in the Comoros Islands. Its financial activity is regulated by MISA, according to the platform owners. As for the history of the project, there is information about three awards allegedly won in 2021 and 2022. Meanwhile, the exact start date of the business is not specified.

How safe can you trade here? Is this resource reliable? We will carefully analyze all available information in the Bankefex review and make our own conclusions about whether the broker deserves your trust.

How to Trade

The company offers its clients a proprietary trading terminal with a mobile application. Traders can download it to their device after registering an account.

Users will find the following services on the platform:

  • 5 types of trading plans ranked by minimum deposit amount from $5,000 to $1 million.
  • Islamic trading account with no swap and no specified entry amount.
  • Access to over 1500 assets, Negative Balance Protection, Fixed Spreads.

Bankefex reports “low fees, minimal commissions, and fast transactions with no hidden fees”, without disclosing any specific sizes or figures.

The broker charges an additional fee for an inactive account (within 90 days).

An additional option that the intermediary offers is a trading robot advisor. The site has an online chat and a working link to the company’s accounts on 4 social networks.

Bankefex Vital Info

We decided to check the start date of the project and saw that the domain was created in June 2023. As for the awards received earlier, this information is not supported by any documents. Can we trust the broker in such a case, or is this information about deserved prizes clearly fabricated?

In addition, there is no documentary evidence of a license and registration of a legal entity on the site. We discovered that MISA licensed Direct Prime Ltd, but the Mwali register of legal entities lists a different website for this brokerage firm. The fact that Bankefex has a completely identical interface design to this alleged management company tells us nothing about the relationship between the different platforms. After all, cloning a simple offshore resource design is not that difficult these days.


What are the key facts about Bankefex?

The data of the management company is confirmed in the MISA register. However, Direct Prime Ltd has a different website. In addition, there is no confirmation of award information, and there is no scan of the license or a copy of the certificate of incorporation of the legal entity. The owners of the project remain anonymous and the qualifications of the managers providing advice are not confirmed.

What's the risk to my wallet when working with this broker?

It is very likely that the owners of the site only create the appearance of compliance with the legal requirements imposed by regulators on financial organizations. In addition to the dubious history with project awards, our distrust is caused by non-transparent trading conditions. Finally, high leverage greatly increases the risk of losing your investment in CFD trading.

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