Official information about BS Innovation LTD company
The broker BS Innovation LTD claims to be officially registered in Australia. The company’s address is stated as 225 George St, The Rocks NSW 2000, Australia. However, information about registration documents is not provided. BS Innovation LTD holds a license from the offshore regulator of Vanuatu (VFSC).
Activities and advantages of BS Innovation LTD
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Licensing and regulation (holds a license from offshore regulator)
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Wide range of trading assets
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Attractive trading conditions and variety of account types
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24/7 platform and user support
Prior to starting work with BS Innovation LTD, it is recommended to review the company’s internal documents – “User Agreement,” “Service Provision Rules,” “Privacy Policy,” and others.
You can contact company representatives by phone (3 numbers provided), via email, or through a feedback form.
Trading conditions with BS Innovation LTD
BS Innovation LTD offers access to cryptocurrencies, stock indices, commodities, and Forex markets. The total number of available assets is over 100.
Traders have access to the web platform of BS Innovation LTD. To use the platform, a PC or mobile device with internet access is required. No software download is needed. Access to the terminal is provided through the link trade.bsinnovationltd.com.
Account types
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START. Deposit from $100, 20% bonus
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BASIC. Deposit from $250, 30% bonus
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BRONZE. Deposit from $1000, 40% bonus
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SILVER. Deposit from $5000, 60% bonus
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GOLD. Deposit from $10,000, 80% bonus
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PLATINUM. Deposit from $25,000, 100% bonus
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VIP. Individual conditions
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ELITE. Individual conditions
All clients have access to the educational center, daily market reviews, notifications, and 24/7 support. Personal manager services are available only to SILVER and other account holders. Personal strategies and mentoring are provided to PLATINUM clients.
Most trading conditions (spread, leverage, margin, etc.) are not provided. A demo account is not available.
Account replenishment and fund withdrawal
No information about funding and withdrawal methods is provided. Information on fees, limits, and timeframes is absent.
Conclusion
BS Innovation LTD has some positive aspects, such as having a license and a low minimum deposit, but there are also many negative points, including the lack of important information, registration documents, demo account, as well as funding and withdrawal conditions. It is recommended to read reviews about BS Innovation LTD before starting work.
As a novice investor, I have faced several disappointments with my broker, BSInnovation. Firstly, I found their platform too complex to navigate. For newcomers like me, it is crucial to have user-friendly software that is easy to understand. Also, the lack of educational resources is disappointing. I didn’t come across any webinars, articles, or guides for beginners to learn about investing.
Further, I had issues with their customer service. The response to my queries was often slow, and sometimes, I could not get hold of them at all. Such poor service doesn’t inspire much confidence. Lastly, BSInnovation’s commission rates are too high which eats into my potential earnings. I believe that they need to revise their rates to be competitive and attractive to new customers. Overall, I had a less than satisfactory experience with this broker.