Category: Brokerages. Country: Hungary.
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. OPEN DEMO ACCOUNT. A CFD is a contract to exchange the difference between the opening value and the closing value of a trading instrument, multiplied by the number of CFDs in the contract. They are contracts for an individual share, stock index, bond, interest rate, commodity or foreign currency as the underlying market. Why trade Contract for Differences? As one of Europe’s fastest-growing trading instruments, contracts for differences are very simple and inexpensive to trade, and are more flexible than other trading methods. A main benefit of contracts for differences is that they suit most trading strategies and can complement existing investing methods. CFDs can be especially attractive to sophisticated investors who are looking to benefit from short-term volatility...
Address: Vaci Ut 28 1132 Budapest Phone: 36 1 474 8314 Fax: 36 1 474 8181
