BenefFX review: Pros, Cons, and Traders Ratings.

Not yet rated
4.5 • 2 REVIEWS
Optium LTD
Updated: Jan 24, 2024
BenefFX.com

What is BenefFX?

BenefFX is a forex broker offering the Be-WebTrader and Be-Mobile forex trading platforms.

BenefFX.com offers over 30 forex currency pairs, stocks, indices, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read BenefFX Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $250
Established: Unknown
Address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960, Marshall Islands
Contact: support@beneffx.com, +442037576558
Regional offices:
Regulators:
Prohibited countries: Unknown
Trading platforms: WebTrader, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (30+)
Cryptocurrencies: (50+) Bitcoin, Litecoin, Ethereum
CFD: (35+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

Managed Accounts & Social Trading

Copy Trading: ✅ Yes
Deposit Methods: VISA, MasterCard, Bitcoin, Ether/Ethereum, Other Crypto Currencies
Withdrawal Methods: VISA, MasterCard
* Please check broker website for more information
4.5 • 2 REVIEWS

Recent User Reviews of BenefFX

R
Riley Campbell
Woolloongabba, Australia,
Nov 1, 2021,
Guest

I imagine most traders will find the platform comfortable

Service use: Live Length of use: 6-12 Months
I don't know how most traders do their job. In my background most retail traders use simple chart drawings to determine main support and resistance levels and that's basically all tech analysis we use. At first glance the 'analysis' looks very primitive, yet, it depends on how well you do the job afterwards I guess.
In any case, I just wanted to let everyone know that Beneffx platform is sufficient enough to trade using price action analysis, place limit orders comfortbly and manage the trades successfully.If some advanced analysis based on the angle between Jupiter and trend line - LOL - is necessary, in this case better seek a broker that offers more advanced trading platforms with excuisite tools.
The trading conditions are fine here.
G
Gabriel Herbert
Ashford, United Kingdom,
Oct 29, 2021,
Guest

Social trading

Service use: Live Length of use: 3-6 Months
The brokerage has it's pros and cons just like any other one I guess.
The biggest pro of Beneffx is that it allows social trading opportunities that I value a lot. As many traders I think of the future growth of the 'business' and attracting other investors to follow my strategies and signals is the greatest obstacle that retail traders face.
If you trade well, which is my plan, other traders will follow your account trade and share the profits with master account owner.
It's a win-win solution and I simply amazed that so few trading firms offer this opportunitiy to their clients.