In this section we will analyze the broker Bqsmart, is a CFD broker, apparently specializing in cryptocurrencies (like Bitcoin). Is Bqsmart really recommended to make an investment? Or is it better not to invest with this company?
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it .
As to its location, broker mentions being based in: New Zealand and Switzerland.
If we analyze the regulation of the broker: it mentions being a broker regulated by CySEC (Chipe's financial regulatory body), but actually the regulation number provided on the website is from another company, we believe that it is a NON-REGULATED broker.
If now we go on to analyze account types that Bqsmart offers, we note that it offers 3 types of account: the Micro Account, the Premium Account and the VIP Account.
Micro account- Minimum initial deposit of $ 15.000, leverage up to 1: 100, customer service 5 days a week.
Premium account- Minimum initial deposit of $ 50.000, leverage up to 1: 200, customer service 5 days a week, dedicated account executive, news and trading methodology.
The last type of account is the VIP account- Minimum initial deposit of $ 100.000, leverage up to 1: 500, customer service 5 days a week, dedicated account executive, news and trading methodology.
You can see even more features about the account types of the Bqsmart broker (click aqui to see the image in full size) in the following image:
The platforms to operate that Bqsmart offers are: they don't mention it.
We will now analyze the different resources and aids for traders that Bqsmart provides on its website.
Bqsmart provides the following help or resources to traders or interested parties: explanation of the different products that are possible to trade with Bqsmart, economic calendar, some financial news and analysis (although in English), apparently they teach webinars and also a glossary.
Other information about Bqsmart
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 64-3-2880071 and +41225185013
Ending with this section, in our opinion Do we believe that the Bqsmart company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker that mentions being regulated (which, everything indicates that it is false) and the regulations that they mention on their website are from other companies, we also believe that This is a relatively new company, as there are not many reviews of the company on the internet.
Update September 2019: CNMV (Spanish financial regulator) has issued a warning against Bqsmart
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.