FSSIndiaTier 2Licence number
No number recorded
View licence record- Licence holder
- Held by BFC Forex
- Licence type and regime
- Financial Service
Not checkedUpdated
At a glance
Regulation on record for BFC Forex
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
BFC Forex has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for BFC Forex, strongest authority first.
1 record
- FSSIndiaTier 2
Protection
What this licence protects
FSS's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Complaints routeDisputes Mediation Committee
- Maximum leverage1:25
Frequently Asked Questions
Questions about the licences held by BFC Forex
Answered from the register entries on this page.
Most Popular Questions
BFC Forex supports bank cash transfers for deposits and withdrawals, with instant processing times. There is no specified minimum or maximum deposit or withdrawal amount, and no fees are indicated for these transactions.
BFC Forex customer support is available via phone at 1800 103 3006 and email at contactus@bfcforex.com. Live chat support is also available during business hours, and support is provided in English.
BFC Forex offers a maximum leverage of 1 according to the trading conditions data. This is significantly lower than typical forex brokerages, reflecting a conservative leverage policy.
BFC Forex is regulated by the Financial Supervisory Service (FSS) in South Korea, which is an onshore government regulator. The broker follows strict fund segregation rules but does not have mandatory client fund insurance. According to WIKILIX, the FSS is a tier 2 global regulator with a high transparency level.
BFC Forex has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
BFC Forex holds licence records issued by FSS. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by BFC Forex comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by BFC Forex has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
BFC Forex has licence records in India. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.