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.
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.
After I made my first deposit, I couldn't get through to tech support for a week to start trading. Then online communication became available and I started earning small amounts. Then I decided to test the withdrawal of funds and saw that the big disadvantage is the huge commissions, although managers told me that they are so minimal that I will not notice them. A total lie! I don't want to share my money with bankefex anymore!
Despite the warnings of some experienced traders, I still registered on this dubious site. Then it seemed to me promising and reliable. I shouldn't have judged by first impressions because that's when BANKEFEX started successfully extorting investments from me. The first deposit of $3,500 was not enough for them, they first persuaded me to deposit another $10,000, and then they threatened to block my account. I had nothing to counter these real threats, I realized that they were common crooks who rob clients not for the first time.
They ended up blocking all my funds irrevocably, lawyers were also powerless to help me ....
Guys, do not cooperate with Bankefex! This company seems to work officially, and it has a license, but it does not prevent to swindle. Apparently, the financial regulator Mvali, from which the swindlers got an official permission for brokerage activities, does not pay attention to such problems of the service as non-payment of funds to clients. I tried to appeal the blocking of my account and get my money back, but to no avail. Scammers constantly demand from me to pass another verification, and the documents provided by me are rejected, invariably referring to the low quality of scans. I don't know how to do better, all photos are very well visible, and they have one answer - send another copy, and so a hundred times. Apparently, they have such an automatic response to all requests for withdrawal of money, so that they don't pay their clients ever. This is SCAM in its purest form!
Scammers!!! Swindled money from me and did not let me withdraw! Ended up zeroing out my account and stole almost €18,200.
My trading was going well, but when I decided to take the money, I realized that no one would give them back. The administrators demand a bunch of documents, and when I send them, they demand to redo them or send new ones - it lasted three months, and now my account on bankefex.com is blocked. The customer service doesn't answer my emails and they don't answer their phone Who can advise me what to do next? I have £7,683 in my bankefex.com account, I'm desperate!
I do not have any serious complaints to the broker for all the time of cooperation. If I am not mistaken, it's hardly the only service that has a full set of modern options for beginners. There are also all the ways of withdrawal of funds you need, you can quickly verify and withdraw card, but I prefer e-wallet for this purpose, it's convenient and fast, and there are no questions from the security service Bankefex. Sometimes I have questions about setting up the terminal, but the guys from support always help promptly, they are very smart. The platform is rather not suitable for those who like to trade very rarely. If you want to earn a good income, you will have to spend more time trading on bankefex.com.
The site attracts immediately with its modern and aesthetic appearance. There is no pressure on potential clients and meaningless phrases, all offers are accurately laid out on the terms of trade, there are documents on withdrawal of money, and contacts with phone numbers. I wrote to the chat and asked a couple of pressing questions to the support. The guys answered friendly, I liked it and went to register a profile. I uploaded scans of my ID and stuff, it took 10 minutes for everything. My cabinet is functional, it is not overloaded with nonsense. The terminal is convenient for trading. At the end of the day, I managed to top up my account and opened the first deal on my favorite asset - Brent oil. I ordered to withdraw the profit in a week. The manager called me immediately, verified everything, congratulated me on the profit (nice!) and within an hour the amount was on my e-wallet. I continue to increase my deposit on bankefex.com, and I have no complaints to the broker
I was greatly disappointed. First of all, from my deposit of 3,000 dollars, 350 is immediately charged for insurance of transactions, and there is no warning about it anywhere, and secondly, the commissions are not fixed, but always higher than the profit received. And they are charged from each transaction, which is not profitable. And lastly, the support is constantly busy and does not respond to requests, you will have to deal with all the problems yourself.
Not only that with a minimum deposit you have no useful options, but the managers still constantly persuade you to replenish your account. Although it doesn't matter how much you deposit - $250 or $50,000, the package of features will remain almost the same, and the number of assets will not increase. Tech support operators can answer rudely to any of your requests, you may not even try to talk to them on technical issues, and solve all the problems yourself. The biggest problem with bankefex is the lack of ability to withdraw money. I've been trying for over a month to get my money out, but I haven't received a dime of my $1,500 yet :( This is a terrible service, I'd rather not get involved with it.
The financial regulator here is not the most reliable and there are many reviews about this resource, both positive and negative. I will try to cooperate with Bankefex, but I will not invest a lot of money. Time will tell what to do next. If there are no problems with the withdrawal of funds, then perhaps I will continue cooperation.
If you are a lucky trader, you will be able to make money everywhere and with any broker. As for this broker, you will have to make some efforts, but you will be allowed to earn here, you can be sure that you will be allowed to withdraw your profit. I trade CFD on forex and crypto, guided by analytics and signals of this portal. I can tell you about specific profitable operations: on EUR/USDT I recently earned +300 euros in three days, of which I withdrew easily 250 euros to my USDT-wallet.
I had to transfer 5,000 dollars by agreement with BANKEFEX representative, to get the best conditions and access to all the options I need. But I was scammed, the administrators did not allow me to withdraw a single penny and I lost the ability to manage my account.
Good, reliable broker. Managers do not give empty promises. I earned the biggest profit for all the time I spent working with them. Moreover, I did not open a large number of trades, but just on price jumps I managed to make a good profit. The broker did not hinder my strategy in any way, everything worked out well for me and the terminal works perfectly! Money is withdrawn on average in a day or two, without any unnecessary questions. I recommend bankefex.com to everyone.
Dear traders, never contact these crooks, they will steal all your capital, so they helped me drain £560 in a week! Then don’t say that no one warned you.
I got acquainted with this broker not so long ago, I initially really liked the site bankefex.com, especially since the recommendations of traders in social networks were extremely positive about the project. One of my friends on social networks also praised this platform. I had no reason not to trust this company until recently. But recently I became aware that this platform has big problems with legal documentation, Bankefex does not have any official guarantees of the safety of the personal data of users and their funds on accounts. I don't know what to do now. I doubt that I started working without suspecting such problems, how can I trade here if I can't be sure of the reliability of the intermediary?!!
Do not believe the information listed on the broker's website! I chose this particular broker because at first glance, the trading conditions were ideal for beginners. And in fact, the analysts will not teach you anything, and will only persuade you to drain your money, thanking their dubious advice. I lost 760€ in a week :( You won't make money with this project!!!
I earned a little bit on the minimum deposit at first, and then the manager persuaded me to deposit 8,000 dollars, I earned a little bit more, and then the terminal started to lag, and all my attempts to withdraw money get an error message, I call the manager on the phone number he consulted me on at the beginning, and I see that my calls are completely ignored. I doubt that bankefex will give this money back to me. Don't believe it!!! SCAM!