Benefit Broker Company
Benefit Broker Company guarantees its clients the best trading conditions, regardless of the size of their deposit. The company claims to have a corresponding certificate confirming the quality of order execution by Verify My Trade and is a member of The Financial Commission Compensation Fund. The benefit-bc.com website states that the broker is regulated by Central Banks of countries where its services are available, as well as by well-known European financial regulators, although there are no corresponding documents on the website. There is no license or other documents confirming the company’s legal status in the Russian Federation.
Trading Conditions of Benefit Broker Company
Benefit BC offers a wide range of services, including portfolio management for individual and corporate investors, professional management and storage of financial instruments, trust management, bonus programs, partnership programs, loans and credit facilities, investment research, access to securities, account insurance from $5,000, advisory management. The company offers clients to use any of the offered services on favorable terms, receiving support from professional traders, regardless of their experience and the size of their deposit.
Account Funding and Withdrawal from VVS Broker
There is no information on the minimum investment size and base currency on the website. The footer of the website lists payment systems available for financial transfers: Webmoney, Mastercard, Visa, Paypal, Qiwi, Yandex Money. Commissions and their size are not specified, and the procedure for conducting payment operations is not disclosed.
Conclusion
Benefit BC was founded in the UK, however, official documents confirming this fact are not provided. The service description mentions the offshore zone of Saint Vincent and the Grenadines, which regulates the bonus program. This statement does not guarantee the safety of fund storage and legal protection of clients. The company also did not provide information on the format of customer interaction and did not develop pre-trading plans.
I had an incredibly unsatisfactory experience with Benefit BC. Their customer service was severely lacking, often leaving me on hold for extensive periods of time only to provide incomplete or incorrect information. Even more alarming were the inaccuracies and misrepresentation of terms and conditions in my brokered deals. Transparency was certainly not a priority, and it led to unfortunate surprises in the long run. To top it off, their fees were quite high considering the poor level of service provided. I would not recommend Benefit BC to anyone seeking a competent and reliable broker.