The broker promises spreads from 0.0 and a commission of $1.5 per lot, claims “strict regulation”, and mentions an office in Sydney. However, the footer states that the website is operated by Bee (Comoros) Ltd with a license from AOFA, an offshore jurisdiction. In this BeeMarkets review, we will determine whether there are signs of a scam, deception, and fake regulation.
Brief Overview
- 🖥Official Website: https://www.beemarkets.com
- ✈️Contact Address: Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros
- 📞Customer Support: support@beemarkets.com, +61 466755876
- 🔐Licensing and Accreditation: AOFA
- ⏳Track Record: 2017
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $10, 1:1000
- 💰Additional Services: calculators, economic calendar
Beemarkets.com Examination
As always, let us start with the official website. It is designed in a black-and-yellow style, which is obvious from the broker’s name — BeeMarkets. Upon opening the site, users are greeted with the company’s alleged advantages: the world’s lowest spreads from 0 and commission from $1.5. In other words, the platform immediately tries to say: “We offer the most favorable conditions”.
At the top menu, there are buttons for logging into an account, registering, switching the language, and selecting sections:
- Home.
- Trade.
- Account.
- Market.
- Platform.
- Resources.
- More.
This is standard navigation. The homepage lists additional advantages that BeeMarkets uses to attract traders. In the footer, there is legal information: legal entities and their addresses are listed, along with a risk warning. The “Why us” section specifies the headquarters and the founding date.
Overall, this is a typical website of any forex broker. There are many pompous words and pseudo-advantages, yet the company does disclose key information: licenses, legal addresses, founding date, and other details. The broker also claims that it routes traders’ orders to liquidity providers, but does not mention a single name or disclose any specifics.
Company Contacts
The contact details are minimal: email, phone, online chat, and a contact form. BeeMarkets also has accounts on social media: Instagram, Facebook, Twitter, and LinkedIn. The profiles are empty and contain outdated information. Clearly, the company does not maintain them, which suggests that the broker is not popular among traders. If you look at the social media of established and popular platforms, there are tens of thousands of followers, active content posting, likes, and comments. That is not the case here.
Key Conditions
BeeMarkets’ main offering is spreads from 0.0 and a commission of $1.5 per lot. The website publishes tables with sample quotes. For EURUSD, the minimum spread is listed as 0.00, and the average at around 0.11 pips. For GBPUSD, the average is approximately 0.32. It looks very attractive, but there is a catch.
The broker claims a no-intermediary model and liquidity aggregation through multiple providers. The website shows a diagram with LP1–LP4, but the names of the providers are not disclosed. There is no mention of Tier-1 banks, no order book depth reports, and no confirmation of an STP or ECN model through an independent audit. The statement “No Intermediaries” sounds appealing, but there is no technical proof.
Given the low commission and near-zero spreads, an important question arises. How does the company generate revenue? Many BeeMarkets competitors have commissions 2–3 times higher, along with wider spreads. That allows them to earn a profit. Here, the platform appears to earn from client losses rather than commissions. This is the main risk of trading here. The firm cannot prove a 100% A-Book model. Trusting attractive wording on the website is not enough.
Exposing BeeMarkets
The website clearly states that the platform operator is Bee (COMOROS) Ltd, registered on the island of Anjouan, Union of the Comoros. The license is issued by the Anjouan Offshore Finance Authority. This is an offshore jurisdiction. It is not a regulator on the level of FCA (United Kingdom), ASIC (Australia), BaFin (Germany), or CySEC (Cyprus). Such offshore authorities do not impose strict supervision, do not require substantial authorized capital, and do not provide a mandatory investor compensation scheme.
Yes, the website also mentions ASIC and an Australian company with an AFSL number. However, in fine print, it states that services through this website are not provided to Australian residents and are not delivered through the Australian entity. This means one simple thing: a client registering through beemarkets.com does not receive ASIC protection. They fall under an offshore company in the Comoros.
Therefore, the main risk of BeeMarkets is the lack of real regulatory protection. If a dispute arises regarding withdrawals, requotes, or account blocking, the trader cannot turn to financial regulators for assistance. They will have to deal with the offshore entity. In practice, this is almost always a dead end.
Another aspect is the multilayered legal structure. Legal entities are listed in Australia, South Africa, and the UAE. However, the website operates through Comoros. This structure creates the impression of international solidity, but in reality, liability rests with the offshore company.
What Reviews Do Users Leave?
There are extremely few reviews of BeeMarkets. At the same time, the website states that the company has been operating since 2017. In 9 years, a normal broker would accumulate hundreds or thousands of comments across various platforms. Here, there is almost nothing. This is a direct indicator of low popularity. Either the company has minimal client flow, or the brand has simply not established itself in the market.
Another point concerns the positive reviews themselves. They are written too smoothly. The same phrases are repeated: tight spreads, fast execution, zero spread, and ASIC regulation. There is almost no specificity. No examples of trades, no withdrawal figures, no details about real experience. Everything looks like templated promotional text. This is not typical of genuine trader reviews. Such patterns are often seen with brokers that artificially create a positive image.
Conclusions
BeeMarkets only creates the impression of a global brand with offices and licenses around the world. However, all cooperation takes place through an offshore legal entity, and client protection is limited. The conditions look competitive, but there are no guarantees of execution quality or fund security. This is a high risk that must be understood before funding an account.
Pros/Cons
- Favorable trading conditions: low spreads and commissions.
- Main license — offshore (Comoros).
- No confirmed data on liquidity providers.
- Very few real reviews despite claiming to have been operating since 2017.
- Business model with a conflict of interest.
The last time my withdrawal was processed, it took more than 1 month. I believe their goal was for me to lose the money before the withdrawal was completed. Overall, this is a company of scammers. The quotes here are fake. I was unable to make money, even though I have been successfully trading forex for more than 10 years. Stay away from this fake…