Forex BIC Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

3.1

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 3.3

Business 2.6

Risk Control 2.9

Software 3.6

Regulatory 3.1

Terminal Snapshot

BIC Markets Trading Conditions

Registered Region Cambodia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@bicmarkets.com.kh

Contact Number +855023966669

Website www.bicmarkets.com.kh

Balanced Review

Pros & Cons

Pros

Regulated by Securities and Exchange Commission of Cambodia (SECC)
Low minimum deposit requirement of $100
MT4 trading platform with advanced features
No commission trading available on certain accounts
Negative balance protection for all traders

Cons

Limited regulatory oversight (only SECC Cambodia)
Higher average spreads (around 2.0 pips)
Restricted product offerings (no CFDs on stocks or cryptocurrencies)
Lack of transparency on spread information
No educational resources beyond basic tutorials

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	BIC Markets	CFD Capital	AIMSCAP	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Cambodia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	3.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does BIC Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Zero Commission Account	Beginners and traders seeking low-cost options	No commissions, low minimum deposit, market execution	Minimum deposit of $100; leverage up to 1:100
Pro Account	Experienced traders requiring advanced conditions	Competitive spreads, higher leverage, market execution	Minimum deposit of $5,000; leverage up to 1:400

Account Opening Process

To open an account with BIC Markets, follow these steps: Visit the BIC Markets website and choose the desired account type (Zero Commission or Pro). Fill out the online registration form with personal details. Submit identity verification documents, such as a government-issued ID and proof of address. Make the minimum deposit ($100 for Zero Commission Account or $5,000 for Pro Account). Once verified, you can start trading. Note that account flexibility allows for upgrading to a professional account later.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	2.0	$0	No commissions on trades
CFDs (Gold)	3.5	$0	Competitive spreads for commodities
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

Traders should also be aware of additional fees that may apply. These include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may be charged after a certain period of non-trading activity. While platform usage is generally free, overnight interest (swap rates) may apply based on positions held overnight. Additionally, currency conversion fees might be incurred for accounts denominated in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

BIC Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

20%

2 star

60%

1 star

12%

Sarah Thompson

Phnom Penh

★ ★ ★ ★ ★

I had a terrible experience with BIC Markets. My withdrawal request took over two weeks to process, and customer service was unresponsive. I felt completely ignored and frustrated. Definitely not a broker I would recommend to anyone.

David Chen

Shanghai

★ ★ ★ ★ ★

BIC Markets has potential, but their customer support is lacking. I faced issues during my trading and it took forever to get help. While their platform is decent, the inefficiency of their support makes trading stressful.

James Miller

Los Angeles

★ ★ ★ ★ ★

I have been trading with BIC Markets for a few months now, and overall, I’m satisfied. The trading platform is user-friendly, and I’ve experienced good execution speeds. However, I wish they offered clearer information on fees.

Anita Patel

Mumbai

★ ★ ★ ★ ★

BIC Markets has exceeded my expectations! The demo account was a great way to start, and their MT4 platform is fantastic. I appreciate the low minimum deposit and the variety of trading instruments available. No issues so far!

Cambodia Market