Dear Visitor,
Why we are different then many others?
BPForex started in November 2005 as a financial service provider offering online trading. We are registered with the Hungarian Financial Service Authority.
Our goal has always been to give clients a robust platform and fair prices. As an example, our CFD prices are identical to the real prices from the underlying stocks. This is unique as many competitors widen the original spread and therefore offer prices that are not equal to the real offered price.
We also do not work with partners that run a dealing desk, but all your trades will be directly forwarded to the exchanges, this gives you a fair chance and you can be sure you can trade with NO dealer intervention.
Here are some reasons why you should consider to trade with us:
1. Quality: European brokers, in order to obtain a broker's license from their local banking regulator, need to meet SIGNIFICANTLY more requirements than North American or Swiss brokers, and need to maintain higher operational quality standards. For example, our partner must maintain 2 auditors. One of these auditors will regularly check that the company delivers the execution speed, service level, commission charges, etc it promises clients. Thus clients can rely on an independent quality control.
2. Differences of opinion: If an accountholder is really unhappy about something and we cannot come to a gentleman's agreement to solve the issue, accountholders have the possibility to submit their complaint to the ombudsman of the local banking commission (the CSSF). The ombudsman will contact us on your behalf to help settle the issue. If you have a difference of opinion with a North American broker it is extremely difficult and expensive to get the issue settled to your satisfaction.
3. Insurance: The governments of several European countries have insurance schemes in place covering their citizens if they open an account with a financial institution which has a European passport. A North American broker does not have a European passport and is thus not covered by such government insurance schemes.
4. Risk: Swiss brokers are allowed to keep client funds on their own account. Client funds therefore become part of the broker's balance sheet. This increases risk significantly. Creditors can stake a claim to the money and all clients are co-responsible for losses.
Hopefully we can expect your call soon!
Kind regards,
The team of BPForex
BPForex is a Introducing Broker to WHSelfinvest.