Beaware
Our research team find this broker as illegal broker with no regulatory authority
Baron Forex
Admin
July 14, 2024
Summary
Baron Forex, or BFX Capital Limited, is licensed and regulated for trading in financial and commodity-based derivatives and foreign exchange (Forex) and securities, being registered with the International Financial Services Commission. Its headquarters are in Belize and it has offices in Cyprus, New York and Toronto with some soon to be opened in Spain and Hong Kong, so it has quite the global presence. Baron Forex is proud to offer Meta Trader 4 as its Forex trading platform.Not regulted
Meta Trading Softwares Used
Meta Trader 4Overall Rating
2.4/5Reviews
Roger Sydney
1/5
Be very careful with Baron Forex because they are NOT regulated by IFSC
Franklin Rio de Janeiro
1/5
The Baron Forex broker I see is an entire mistake. And now no longer respond to emails. Hey they made a deposit of USD 2000. I spent confirmation of my bank statement. I sent a deposit tracker and they keep saying it did not. Please, if anyone knows where can I report this company, let me know. I want to exhaust all remedies for a company like this stay in the segment. My code is bfxc001359 deposit. I would like to answer this one company here. Otherwise, they should be flagged here as totally inappropriate to trade. 2000 usd is too much money, because money is honest work. I am attaching a copy of my online statement. I have other evidence, such as the tracker that I have sent the company. I wonder what the agency regulates.
Bob
1.2/5
I just want to warn anyone able to read this before investing any money with Baron Forex that this company is a complete scam. Everything they tell you that they are going to do is a complete and utter lie. Beginning with their brokers such as Aidan Doyle and Eddy Servider and ending with the only person who answers the phone at their office Mr. Moore "the head trader" or should I say "head scammer". Before they got your money they will contact you 5/6 times a day and tell you that once invested you will be updated on regular basis. Once your money is invested, they reneg completely on everthing they said they would do. Trust me, stay away from this company. It is no good.
KC Malaysia,
1/5
Hello everyone, I would like to share my terrible experience dealing with this scam broker, and wish no others will fall into the same problem like me in future. Firstly, I have open a account with baronfx on XXXX. The account I choose to open was a MINI account, and on the site, it CLERLY states that minimum requirement for deposit was from $250 to $999USD.(Click on the site and proof it, http://www.baronforex.com/open-account.html) I have choose to open this account through the broker Cashbackforex.com, after I apply and submit everything baronfx required, and I have decide deposit some funds into it, because I have chosen mini account earlier, then I decide put in $600usd into the account. Few days later, I received an email from baronfx states that I need to put min $1000usd to open a account with them. I was piss off when I saw what they reply me, as I told them that everytime when I bank wire the money to their account, I need to pay $35usd for my bank plus another $15 usd for the broker bank to proceed the funds, and most importantly they have state that the mini account requirement were only from $250 to $999, then I have written an email again to explain my situation to them, and they refuse my request, what even worst is they have send me this email;
Yong Singapore
1.8/5
When I withdrew my funds from BFX, I got a shock when I was charged USD102.70 bank wire fees because I normally incur only USD20-30 for wires. When I questioned BFX, this was their reply: BFX: [We have received your email regarding bank transaction fees, however we only pass along the wire fees that our bank and their intermediaries charge. Additionally, we always credit our active clients for any of these fees. Regrettably, since you have decided to cease trading Forex , we are unable to credit any of these fees to your account.] BFX This is pure rubbish because I was only credited USD20 when I deposited funds but deducted USD102 when I withdrew funds. The underlying message from BFX is that if you are not our active client, we don't give a s**** about you. Highly unethical and unprofessional behavior. FYI, the reason why I decided to quit trading at BFX is because of their dreadfully slow platform. Placing orders (during normal, not fast markets) take about 6 seconds to execute, My VPS is in USA and their trading servers are in Canada so it is not latency problem. Unfortunately I have erased the logs where I recorded all the anomalies, but you can open a live account and try it for yourself.
John
2/5
I earlier posted a $50 paid review for Baron when I opened my account with them. Since then I closed my account, and it was a lot of doubletalk, no closing statement, different answers on three online chats, finally ending with $189, charged off my balance, for what I will never know. So if you are trading with them and making money, see what happens when you go to close the account. It took nine days for the money to be wired to my bank
Cathy Canada
3.4/5
I am relatively new to Forex and chose Baron Forex. I have found so far that their customer service is excellent. Prompt replies and going to great lengths to answer questions has been my experience thus far. So far so good..
HW NJ,
3/5
I am new to trading and have had a great learning experience with Baron. Very helpful customer support - and good advice. still losing money - but just started and am learning how to trade. There is off quotes at times but adjusting that to enable deviations fixed that most of the time - overall happy
NaoI
21./5
i too was scammed by this place. i place a bunch of trades and made money and they disabled my ea. then they reversed the profits! Liars and thieves! i cant file complaint with nfa because there is no jurisdiction for this sham company. run fast from this dealy desk
Robert S.
4/5
After I posted my review I also emailed BFX... They called me to discuss what had happened and said that basically a lot of things happened that should not have. Also, that they spoke with the operator to make sure that this doesn
Giovanni
4/5
I have been trading with a Baron Forex demo account for about 7 trading days and I am very impressed with the results. I am using Fap Turbo with a bit of manual trading here and there when I see a good opportunity, and it seems the EA is working very well. In the past three days I've made nearly $300 in profit, too bad it isn't a live account =(
Far East Man Japan
2/5
When I doubled my money, they disabled my account. When I requested an withdrawal, they sent me the original deposit only without the profits I made.
Richard
2/5
Whilst trading has not been profitable over the past 2 months --i have nothing but praise for the support staff
John
3.7/5
Baron is the best broker I have come across in my 2 years of currency trading.The customer support is excellent, the execution is awesome no requotes or asking me if Im sure I want to do something. Not to mention I got a $200 dollar bonus to open the account and was able to trade with it immediately. You just have to deposit about $300 bucks in 30 days. The spread is fixed and it is between 2-4 pips on the majors and crosses. I would recommend Baron to anyone sofar so good
Dean
2.3/5
I had a few issues with the platform and margin errors and I'll I get is an apology that is not authectic.
Sehrii
2/5
Unreliable broker
Mac
1/5
Was trying to reach their Customer service, no one bother to reply back.
Patrick
3.4/5
Withdrawal is very slow and withdrawal/deposit exchange rate has a very wide spread, both comparing to other brokers.
Brian
2.7/5
Worst Horrible Intentional Withdrawal
Nilos
2.7/5
Big disappointment !
