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Forex Broker Review – Russia Based Forex Broker

Broker Review of forex trading broker is based in Russia, UK and Bulgaria. Below is a list of the most common questions about that traders ask about this broker.



Forex Broker reviews -



Where is forex broker based

BMFN based in Russia, UK and Bulgaria, its address is:


Bolshaya Polianka Str 44/2,





9 Wimpole Street,


W1G 9SR,

United Kingdom.


98 Boulevard Bulgaria Floor 4,

7D-8D Sofia,

Bulgaria 1618.


Is a licensed and regulated Forex broker

Details of the license, registration and regulation of this FX broker can be found on the broker’s website.


BMFN is regulated in Russia by Federal Financial Markets Service, FFMS, License Number 1220


BMFN is registered with FCA under FRN 563348

BMFN is regulated by Financial Supervision Commission, FSC, License number RG-03-220 and Registered with Bulgarian National Bank License Number BGR00195


What is the execution method of

BMFN provides two execution methods:


Market Maker dealing desk execution of orders

DMA, Direct Market Access STP Straight Through Processing, instant execution of orders



Financial Instruments provided for trading by





Stock Indices



What are the forex account types of

Accounts provided are:

  • UniTrader Account
  • BMF Metatrader4 DMA Account
  • Metatrader4 CFD Account
  • BMF Pro Account
  • Metatrader4 FX Account
  • Currenex FX Account


Does have Islamic Forex Trading Accounts

No, BMFN does not provide swap free Islamic Accounts


What are the terms for demo accounts for

BMFN provides a demo trading account for practice for Metatrader4 and Currenex forex trading platforms.


How is the withdraw and deposit process of

Bank wire, MoneyBooker, WebMoney, credit card and Neteller Money transfer methods are provided for deposit and withdraw of funds.


What is the minimum account opening capital for



$100 dollars is the minimum account opening balance


Does give an account opening deposit bonus

No, BMFN does not give an account opening deposit bonus


What is the security and reliability of

What is the broker rating for security and reliability


BMFN is regulated in Russia and has a good rating for security and reliability of deposited funds.


Does accept forex scalping

BMFN allows scalping trading


Does give free forex education to traders

This broker does not provide learn currency trading education for forex trading online.


What are the trading platforms of forex broker


BMF Metatrader4 DMA

Metatrader4 CFD


Metatrader4 FX

Currenex FX

Mobile Trader


Is a MetaTrader 4 Forex broker provides MetaTrader 4 software which is the best platform according to reviews.


The platform MetaTrader 4 can be downloaded from the forex brokers’ platform.



Does allow automated forex trading

The broker automated trading policy on automated trading is:


BMFN allows Expert Advisors automated forex trading on their Metatrader4 DMA forex trading platform.


What are broker website information sections

The website information sections are:


Forex Trading Accounts Section: where traders will find information about forex accounts such as demo practice account and live forex accounts provided by this Currency broker. Traders wanting to start trading can open an account from this section.


Contact Section: there is a section of contacts for this fx broker, where a trader can contact this forex broker.


Platforms Section: this section provides platforms where a trader can choose one for tradng.

CFD and Commodities trading section: for specifications about how to trade these financial instruments.




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