Bein Markets Review – How We Exposed Beinmarkets.com Trading Scam

Is Bein Markets a Regulated Broker?

Bein Markets is a brand owned by Royal Etp LLC. It was founded in Saint Vincent and Grenadines. The company claims that its headquarters are in Kuwait.

The Central Bank is the official authority that issues Forex trading licenses to Kuwaitis. Yet, Bein Markets regulation is not to be found. SVG does not license Forex brokers so it is a convenient place for business incorporation.

The brokerage claims to have been authorized by CySEC and ASIC, CMA and VFSC. We were unable confirm this. Their Royal Group Holdings was not found. Royal Financial Trading Ltd was found with CySEC and ASIC, but they only manage OneRoyal. We also found beinmarkets.eu with CySEC license. However, the brand belongs Leverate Financial Services Ltd, and it is no longer in operation.

The firm does not comply with ESMA’s leverage limit of 1:500. Since both limit leverage to 1:30, CySEC and ASIC can’t authorize it.

Bein Markets is a brokerage that claims several regulations, such as ASIC, CySEC and VFSC. None of these regulations can be confirmed.

Bein Markets Trading Assets

After everything being said, we doubt you’re interested in trading with Bein Markets. However, here’s a list of trading instruments:

• Currency pairs: EUR/GBP, USD/ILS, SEK/ZAR;
• Commodities: gold, palladium, crude oil;
• Indices: FTSE100, NASDAQ, DAX30;
• Shares: BOA, BMW, Amazon;
• Cryptocurrencies: BTC, XRP, LTC.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Bein Markets Spreads and Accounts

According to the Zero Commission account types, the spread can vary from 0.9 to 1.9 pips depending on which account type.

ECN accounts, on the other hand have commissions that range from $9 to $17. There are no additional fees or swaps for any account.

Let’s take a look at both types of Bein Markets accounts and decide which one is better for you.

Zero Commission:

• Classic: $50
• Premium: $10,000
• VIP: $50,000

ECN:

• Classic: $50
• Premium: $10,000
• VIP: $50,000

The minimum deposit is the same. The spread and commissions differ as we have already discussed. There are no other obvious differences.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Abshire Smith, Socrates Legacy, Clark Financial.

Bein Markets: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Bein Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Bein Markets!