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Forex Broker Review – BMFN.com Russia Based Forex Broker

Below is a Forex review of online forex broker BMFN.com. BMFN.com forex trading broker is based in Russia, UK and Bulgaria. Below is a list of the most common questions about BMFN.com that traders ask about this broker.

 

BMFN - BOSTON MERCHANT FINANCIAL GROUP

Forex Broker reviews - BMFN.com

 

 

Where is BMFN.com currency broker based

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

Russia

Bolshaya Polianka Str 44/2,

Moscow,

119180,

Russia.

UK

9 Wimpole Street,

London,

W1G 9SR,

United Kingdom.

Bulgaria

98 Boulevard Bulgaria Floor 4,

7D-8D Sofia,

Bulgaria 1618.

 

Is BMFN.com 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, Licence 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.com

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 BMFN.com

Currencies

Metals

Equities

ETFs

Stock Indices

Commodities

 

What are the forex account types of BMFN.com

Accounts provided are:

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

 

Does BMFN.com have Islamic Forex Trading Accounts

No, BMFN does not provide swap free Islamic Accounts

 

What are the terms for demo accounts for BMFN.com

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

 

How is the withdraw and deposit process of BMFN.com

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 BMFN.com

 

 

$100 dollars is the minimum account opening balance

 

Does BMFN.com give an account opening deposit bonus

No, BMFN does not give an account opening deposit bonus

 

What is the security and reliability of BMFN.com

What is the broker rating for BMFN.com security and reliability

 

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

 

Does BMFN.com accept forex scalping

BMFN allows scalping trading

 

Does BMFN.com 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 BMFN.com currency broker

UniTrader

BMF Metatrader4 DMA

Metatrader4 CFD

BMF Pro

Metatrader4 FX

Currenex FX

Mobile Trader

 

Is BMFN.com a MetaTrader 4 Forex broker

BMFN.com 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 BMFN.com 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 BMFN.com 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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