✅ TrustScoreFX Broker Review

🔍 Broker: BGAMFX (bgamfx.com)

Reviewed: June 2025 | Status: 🚫 Scam Alert Issued

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1. ⚖️ Regulation & Trust

BGAMFX claims to be a U.S.-based CFD broker but provides no regulatory license or credentials.

• ❌ Not listed in any Tier-1 regulator databases (FCA, ASIC, CySEC)
• ❌ No mention of negative balance protection, fund segregation, or compensation schemes
• ⚠ BrokersView issues caution regarding brokers like BGAMFX operating unregulated
• Rating: ★☆☆☆☆ (1/5)

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2. 🏢 Company Transparency

Although BGAMFX claims U.S. incorporation, critical company details are absent.

Transparency Element	Status
Headquarters Address	❌ Not provided
Legal Entity & Ownership	❌ Omitted
Public Audit/Filings	❌ None
Legal Documentation	❌ Unverified

• Transparency Score: 3/10

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3. 💼 Account Types & Flexibility

Account structures are not clearly defined. Based on the site:

Feature	Status
Account Types	❌ Not disclosed
Minimum Deposit	❓ Unknown
Leverage	⚠ Claimed up to 1:500
Spread Type	✅ Variable (claimed)
Swap-Free Accounts	❓ Not specified
Demo Account	❌ Not available

• Flexibility Score: 5/10

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4. ⚙️ Trading Experience

BGAMFX emphasizes fast trade execution and high-tech infrastructure:

• ✅ Claims sub-20ms execution speed
• ✅ Uses fibre-optic connectivity to Equinix NY4
• ✅ Integrated with OneZero Bridge
• ❌ Does not specify if MT4, MT5, or any standard platforms are supported
• Feature Score: 6/10

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5. 📈 Instruments Offered

BGAMFX offers trading in:

• Forex pairs
• Precious metals
• Energy
• Commodities
• Possibly indices & futures (not confirmed)

However, it lacks an instrument catalog, asset specifications, or trading hours.

• Breadth Index: 6/10

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6. 💳 Deposit & Withdrawal Process

No clarity around:

• Payment methods (bank, crypto, cards)
• Fee structures
• Processing times
• Refund or cancellation policies
• Transparency Score: 3/10

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7. 📚 Education & Tools

There is no educational content or trading tools publicly available:

• ❌ No market research
• ❌ No tutorials, webinars, or calculators
• ❌ No news or analysis section
• Resource Quality Index: 3/10

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8. ☎️ Customer Support

There are no listed support channels:

Support Element	Status
Live Chat	❌ Not available
Email or Phone	❌ Not provided
Response Time	❓ Unknown
Multilingual Support	❓ Not confirmed

• Customer Support Rating: 3/10

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9. 🌐 Reputation & Complaints

• ⚠ BrokersView warns against similar brokers operating without regulation
• ❌ No Trustpilot presence
• ❌ No social media or forum reviews
• ⚠ Website testimonials appear generic

Sentiment Source	Summary
Internal	Positive (unverified)
External	Mixed to Negative

• Reputation Score: 4/10

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10. 🤝 IB & Affiliate Program

BGAMFX does not disclose any IB/affiliate program details:

• ❌ No partner platform or signup
• ❌ No commission structure or payment cycle
• ❌ No backend management tools
• Partnership Appeal Rating: 2/10

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11. 🧭 Unique Selling Points (USP)

Marketed benefits include:

• 0.0 pip spreads (not verified)
• Fast execution under 20ms
• Infrastructure linked to OneZero Bridge & Equinix NY4
• Focus on CFDs and cryptocurrency access

📝 Editorial Commentary

BGAMFX presents itself as a technologically advanced broker, but the lack of regulatory licensing, corporate transparency, and investor protection mechanisms make it a high-risk platform. There is no justification for placing capital with this broker at this time.

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12. 📊 Final TrustScoreFX Rating

Category	Score
Regulation & Trust	1/5
Company Transparency	3/10
Account Types & Flexibility	5/10
Trading Experience	6/10
Instruments Offered	6/10
Deposit & Withdrawal Process	3/10
Education & Tools	3/10
Customer Support	3/10
Reputation & Complaints	4/10
IB & Affiliate Program	2/10

📌 Aggregated TrustScoreFX Rating: 36/100
⚠ Status: 🚫 Scam Alert Issued
Badge: ❌ Not TrustScoreFX Verified

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📢 Recommendations for Traders

• ❌ Avoid creating accounts or depositing funds into BGAMFX until regulatory proof is made public
• ⚠ If you are already a client, consider initiating withdrawal immediately
• ✅ Use verified brokers with transparent operations and regulatory licenses
• 🔍 Always verify registration with official databases (FCA, ASIC, CySEC)