FFG Securities

Vladimir

1-2 years

Is it possible to deposit funds into my Bendix FX account using cryptocurrencies such as Bitcoin or USDT?

WikiFX Reply

From my own careful assessment of Bendix FX, based on all the information I could gather, I do not see any reliable evidence that cryptocurrency deposits such as Bitcoin or USDT are supported. For me, the only specified method for deposits and withdrawals appears to be wire transfer. I always prioritize security and transparency, especially with brokers that lack verifiable regulatory oversight—and Bendix FX is listed as unregulated with high potential risk flags, which seriously heightens my caution. The absence of any officially stated crypto deposit options is especially important to note because wire transfers are usually slower and harder to reverse, offering less flexibility than digital payments. In my experience, legitimate brokers aiming to appeal to a wider international client base will explicitly mention all available funding channels on their platform, especially if they support popular digital assets. The lack of such clarity from Bendix FX is a red flag for me. Given all this, before considering funding any trading account—particularly with an unregulated broker—it's absolutely critical to confirm every step directly with their official support and be highly cautious of any third-party promises. For my own trading, I would not consider sending funds via cryptocurrency to Bendix FX without written, verifiable confirmation from the company, and even then, I would remain highly skeptical due to the overall risk profile.

Broker Issues

FFG Securities

Withdrawal

Deposit

08-31

United States

edgeisedge

1-2 years

Does Bendix FX charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply

In my experience as a forex trader, assessing cost structures is a crucial step before considering any broker. However, when I looked into Bendix FX, I could not find any transparent information about commission charges per lot for ECN or raw spread accounts. The broker claims to have been operating for five to ten years and presents itself as a forex and risk management specialist, but there is a worrying lack of regulatory oversight and clarity regarding account specifics. WikiFX identifies Bendix FX as unregulated, with a suspicious license and high potential risk, which raises significant concerns for me. Additionally, the platform appears to only accept wire transfers for deposits and withdrawals, which further limits transparency and convenience from a trader’s perspective. Given the absence of regulatory protection and detailed disclosures—for example, about commission costs—I believe it's prudent to proceed with extreme caution. Personally, unless a broker clearly outlines all fees and is transparent about its cost structure, I do not engage with them. The financial safety and clarity about trading conditions are non-negotiable for me, especially considering the high-risk environment associated with unregulated brokers like Bendix FX. Without clear, reliable details on commissions per lot, I cannot make an informed decision, and would advise others to be highly cautious.

Broker Issues

FFG Securities

Fees and Spreads

08-30

United States

TradeTimeAllWasted

1-2 years

Can I trust Bendix FX as a reliable and secure broker for trading?

WikiFX Reply

As an experienced trader, I approach brokers like Bendix FX with a high degree of caution. My first priority is always proper regulation, and Bendix FX immediately raises red flags here. According to what I have found, the broker operates without any valid regulatory oversight. Despite being registered in Canada and having a business presence for five to ten years, the lack of recognized supervision means there is a significant risk for anyone considering depositing funds. The absence of a verified office—WikiFX mentions a field trip that found no physical presence at the advertised Canadian address—adds to my concerns. In my experience, transparency about licenses and the ability to corroborate business offices are essential indicators of a trustworthy broker. Additionally, the platform only supports deposits and withdrawals via wire transfer, which for me, removes the added layer of security that credit cards or reputable e-wallets can provide. There is also mention of a suspicious regulatory license and a suspicious scope of business, which further erodes my confidence. I never take user reviews at face value, particularly when there is only a single positive review available. For me, a safe trading environment hinges on clear, verifiable regulation and easy means of recourse should things go wrong. Given these facts, I cannot consider Bendix FX a secure or reliable choice for trading, regardless of their time in operation or advertised services.

Broker Issues

FFG Securities

Regulation

08-25

United States

Shoofar

1-2 years

What are the primary advantages and disadvantages of trading through Bendix FX?

WikiFX Reply

In my experience as a forex trader, evaluating Bendix FX reveals some serious concerns that outweigh any potential benefits. The most critical disadvantage for me is the complete lack of valid regulatory oversight. Despite claiming to operate out of Canada for 5-10 years, Bendix FX has no genuine regulatory license, and this introduces a high level of risk. Financial safety and recourse are deeply compromised with unregulated brokers, and this is especially risky for traders who value transparency and legal protections. Moreover, the WikiFX report notes a “suspicious” regulatory license and an overall low trust score, both of which are immediate red flags. Another drawback I found is Bendix FX's very limited deposit and withdrawal options, accepting only wire transfers. In my experience, restricting funding methods can slow down both time-sensitive deposits and, more concerningly, withdrawals. From a risk management perspective, this inflexibility reduces peace of mind, especially in volatile market conditions. Operational transparency is also an issue: field checks reported no physical office found at the listed Canadian address, raising questions about the legitimacy of their business presence. On the positive side, one could argue that Bendix FX has been in operation for several years and appears to offer customer support across multiple channels, including phone and LinkedIn. However, for me, these modest advantages don’t compensate for the overwhelming risks tied to their unclear regulatory status and the basic nature of their services. I personally would exercise extreme caution and prioritize more reputable, regulated brokers when trading.

Broker Issues

FFG Securities

Regulation

08-17

United States