0.00
Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

BMFN Review

3.6
10 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

BMFN general information

Founded in: 1988 year
Headquarters:
United Kingdom
Offices in the country:
Australia, Bulgaria, Egypt, China, Kuwait, New Zealand, United Arab Emirates, Russia, Ukraine
Minimum Deposit: 0 $
Website: www.bmfn.com
Website languages:
English, Arab, Spanish, Chinese, Russian
Execution model:
NDD, DMA
Deposit currency: USD, EUR, AUD
Support languages:
English, Arab, Spanish, Chinese, Russian, Ukrainian
Regulated by:
ASIC (Australia) license №ABN 14 145
FCA (United Kingdom) license №563348
FSP (New Zealand) license №FSP328066
FSCS (United Kingdom) license №RG-03-220
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Segregated accounts
Trust management: LAMM, MAM
Affiliate program: Not

BMFN Forex broker description

Boston Merchant Financial Ltd

Trading accounts of BMFN

  • UNITRADER
  • MT CFD
  • MT FX
  • MT DMA
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
AUD - Australian Dollar
Trading instruments:
Forex1:400
Number of currency pairs: 22
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
CFD's1:33
Amount of assets : 90
  • Promotions
  • Indices
  • Products
Metals1:33
  • Gold
  • Silver
Energy sources1:33
  • Oil
  • Gas
Stock exchange
  • Funds (ETF)
Stop Out:
100 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
110 %
Commission:
Not
Phone trading:
Not
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 0 $
Deposit currency :
USD - US Dollar
EUR - Euro
AUD - Australian Dollar
Trading instruments:
Forex1:400
Number of currency pairs: 22
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
CFD's1:33
Amount of assets : 90
  • Promotions
  • Indices
  • Products
Metals1:33
  • Gold
  • Silver
Energy sources1:33
  • Oil
Stock exchange
  • Funds (ETF)
Stop Out:
100 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
110 %
Commission:
Not
Phone trading:
Not
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
AUD - Australian Dollar
Trading instruments:
Forex1:400
Number of currency pairs: 22
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
Metals1:33
  • Gold
  • Silver
Energy sources1:33
  • Oil
Stop Out:
100 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
110 %
Phone trading:
Not
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
AUD - Australian Dollar
Trading instruments:
Forex1:400
Number of currency pairs: 22
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
Metals1:33
  • Gold
  • Silver
Energy sources1:33
  • Oil
Stop Out:
100 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
110 %
Phone trading:
Not

Contacts of BMFN

Филиал
Россия , МоскваМалый Черкасский переулок, 2
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+7 499 270 0067Локальный телефон
Филиал
Новая Зеландия , ОклендPARNELL ROAD,, 144
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Филиал
Китай , ШанхайZHANGYANG ROAD, 500
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+86 400 611 8610Локальный телефон
Филиал
Китай , ЧженчжоуMILLENNIUM ROYAL PLAZA, 29/F
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+86 021 6061 7165Локальный телефон
Филиал
Объединенные Арабские Эмираты , ДубайАль Абрадж, OPAL TOWER
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Филиал
Австралия , СиднейHARRINGTON STREET, 111
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+61 2 8005 1970Локальный телефон
Филиал
Кувейт , Эль-КувейтKHALID IBN AL WALEED STREET, CITY TOWER ( AL MADINA TOWER)
show on the map
+965 22020490Локальный телефон
Филиал
Болгария , София"ALEXANDER STAMBOLIISKI" BLVD, 84-86
show on the map
+3 592 401 2636Локальный телефон

Recent customer reviews of BMFN

Goddess Makeup 19 November 2020

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.

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Steve Prowler 12 November 2020

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

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Bizarre Cherrymoon 26 October 2020

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.

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.