All Customer Reviews & Comments about BMFN Forex broker
Disadvantages: They close all your trades and take away all your money
Comment: Its a scam company. They dont put trades in the market. They open an account make the spreads bigger and close all your trades saying margin is low
Advantages: Good interface and smooth experience
Disadvantages: Higher entry fee comapred to the others
Comment: I didn’t want to post a review until I was sure I’d seen everything BMFN had to offer. Long story short, I’m not looking for another broker any time soon. Here I managed to open swap-free accounts fast, make online deposits and get really comprehensive trading reports. Still, there are some things I wish they did better. For one, maximum leverage is only 1:400, which is fine for most traders, but I know brokers with leverage as high as 1:2000. For another, they do have a minimum deposit, and it’s $50. It’s not much, but it may be a surprise if you’ve been convinced you can start trading with as little as $5.
What I like about this broker is the minimum lot of 0.01, steady customer support experience, and intuitive trading interface of the mobile and web apps.
Advantages: Good customer support
Disadvantages: Barely any
Comment: My first week of trading with BMFN was disastrous. I lost over $1,000 and was ready to give up Forex trading altogether. However, the manager got in touch with me and walked me through the mistakes I’ve made and helped me realize where I went wrong. I had to return to my demo trading account for a while and study educational materials, but I’m now back to live deals, and I’ve already withdrawn more than I’d deposited online
Advantages: almost none
Disadvantages: high fee, long payment processing
Comment: I did not believe the negative reviews about this broker until I ran into trouble with my credit card withdrawal. It took forever to process the payment, and the processing fee was astronomical. Luckily they’ve got online chat assistance 24/7! When I got in touch with a manager, it turned out, my anger was misplaced. The broker charges no fees, but my bank does. They found the payment somewhat suspicious, and it got held back a few days longer than expected. I won’t be using direct wire transfer anymore, as Skrill is an option. I hope BMFN will consider adding other payout options, like PayPal.
Disadvantages: fake company
Comment: BMFN is not regulated anywhere in the world, they just stealing people money, the Owner Paul Beleguor is listed in INDIA,CHINA,UAE,ITALY
Advantages: Good customer support
Disadvantages: Almost none
Comment: I haven’t been using BMFN long, but for now, I like what I get. I had some issues with the first withdrawal, as I did not realize there was a minimum amount required ($50). After a quick chat with the customer support team, I realized my mistake and changed the withdrawal sum. The money ended up in my account in four days, which is lightning-fast for my bank.
Advantages: solid performance, good spreads
Comment: For me, fast order execution is paramount, and that’s the main reason I chose the BMFN MT4 platform. It suits my trading style best, and I’ve had no trouble with the broker. I wish their documentation were a bit more consistent, and their withdrawal processing time – a bit shorter. Overall, I enjoy the solid performance, good spreads, and reliable customer support. I don’t need anything else from my broker.
Advantages: everything is fine
Comment: During the withdrawal of funds, difficulties do not arise, and because of this I know that my funds are in good hands. I have a lot of investment experience, and the safety of my account is very important to me. Also reputation is important for sure. BMFN can be an example of what a partner should be.