About BIC Markets
Overview
BIC Markets is a retail forex and CFD broker established in April 2020 and registered in Cambodia. The broker operates under the official domain bicfx.com and claims to be the retail division of BIC Banking Group. It is primarily focused on providing online trading services to individual and institutional clients globally. The broker's registered address is in Phnom Penh, Cambodia.
Regulation and Licensing
BIC Markets is regulated by the Securities and Exchange Regulator of Cambodia (SERC) under a Derivatives Trading License (EP). This is a local regulatory framework, and while the broker is listed as regulated, it is not subject to the oversight of major financial authorities such as the FCA or CySEC. Traders should consider the implications of dealing with a broker under Cambodian regulation.
Account Types and Trading Conditions
The broker offers two main account types: a Commission-free account with a minimum deposit of $100 and maximum leverage of 1:100, and a Pro account with a minimum deposit of $5,000 and leverage up to 1:400. The Commission-free account is designed for retail traders and scalpers, with zero commission and tight spreads. The Pro account caters to experienced traders seeking institutional pricing. Both accounts use MetaTrader 4.
Trading Instruments and Platforms
BIC Markets provides access to forex, metals, energy, and indices as tradable instruments. The primary trading platform is MetaTrader 4 (MT4), a widely used platform known for its advanced charting tools and automated trading capabilities. The broker also offers WebTrader and mobile apps for trading on the go.
Funding Methods and Customer Support
Deposits and withdrawals can be made via credit/debit cards, Neteller, Skrill, wire transfer, Thai internet banking, and Perfect Money. Most deposit methods are processed instantly, while bank transfers take 1-3 business days. Customer support is available through live chat, phone, and email during trading hours.
Target Audience
BIC Markets targets retail traders, including scalpers and EA users, with its low-cost Zero Commission account. The Pro account is aimed at more experienced traders with higher capital. The broker's presence in Cambodia and support for Thai internet banking suggests a focus on Southeast Asian clients.
Overview compiled by FXCanary from regulatory records and public data. full BIC Markets review