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BMFN review
BMFN


On-line since: 2012
Country of origin: United Kingdom
Regulation: ASIC, FSPR, FCA, FSC, FFMS, CBUAE
Payment options: Visa, MasterCard, Click and Pay, wire transfer, WebMoney, Skrill, Alertpay
Minimum account size: $100
Minimum lot size: 0.0001 lot
Leverage: 1:200
Spreads: from 2 pips

About the company:

Boston Merchant Financial Ltd. (BMFN) belongs to Boston Merchant Financial Group and offers its clients a wide range of tools and services. The company’s offices are located all over the world, including the United States, the United Kingdom, Australia, Russia, Ukraine, China, and others.

Broker’s clients can enjoy such benefits as automated trading, PAMM accounts, affiliate program, and Forex managed accounts (FXMA), which helps users to diversify risks of investments on the forex market.

The company offers traders a large variety of financial instruments such as stocks, indices, commodities, and precious metals. There are the following trading platforms available to the clients: MetaTrader 4, BMF PRO, BMF Currenex, and UniTrader.

BMFN 5/10 (votes 1713)
Comments Interested in other brokers?
Author of BMFN: Luiza | Date 2017-10-30
I think it is worth to share about good with BNFM broker while I have been involved with them for more than a year. I got some trade peers who’s also into this broker and they are mostly a successful forex trader. I myself would like to recommend other especially newbie to have account with it but please make sure you got a demo and trial version account first before move into the real one. I think minimum deposit is affordable where it allowed me to deposit as low as $100 and start trading. To be real, it was hard to turn it into profit within first 2-3 months. I only earned my first profit after 5 months trade and was happy to take out profit $500 from my bank account. I rather choose bank transfer since it fast and took less than 2 days to process and approve. One thing, support team is very responsive which make me feel more comfortable. Besides, MT4 and MT5 platform also working properly and most of the time order are executed as I wish. Thanks BNFM!!Keep up the good job!
Author of BMFN: piprelungku | Date 2017-10-03
I would like to say that BMFN is an excellent broker who provided very good trading service quality. The broker's website also provides the necessary details for the newbies and they will help you to understand the basic principle of trading. I started out with $500 on my first month and I won almost 50% profit from it. The performance and service at the highest level. I do respect this broker since the day they have me a 30% deposit bonus which helps me in my trading. I really like and always recommend this broker to my friends.
Author of BMFN: Pepito | Date 2017-09-06
What I like the most about this broker is all the educational material they offered while you are practicing in a demo account. It’s very useful, at least it was for me. When I joined this company, I didn’t have enough money to invest but I really wanted to do it as I’ve read positive comments about it. I sent an email requesting more information about its services and the next day, I received a call from a representative who was very nice and helpful with me. He explained me every detail of this market and when I told him that I didn’t have money, he offered me an initial bonus for free of $90. It was a great help for me! After practicing for 7 months, I used my bonus in my first trades and they were very profitable. I got $70 more. I kept on accumulating money during the next weeks and after 2 years of trading, I got $3,000. That’s why I recommend you this broker.
Author of BMFN: fxlonlebote | Date 2017-07-20
Yesterday I close my withdraw process and I lose my profit because for the first time in a year I got serious problem in this broker. Last year I join BMFN because they provide good trading system and they provided me with a customization solution for my trading style and has been quite lucrative. I withdraw weekly and typically the profit almost 100% from my deposit amount. But last week when I doing trading the platform suddenly buffer and froze! In the next day I contact the support center but they did not disclose the reason, they just told me company has right take an action in accordance with the trading agreement to their traders. Until yesterday I'm still pretty much disappointed for BMFN, so I think I want to go from them, maybe until they gives my profit back or improve their system.
Author of BMFN: Bianca | Date 2017-07-03
In my point of view, BNFM is great broker where I experienced trading via the platform worked well for me. In fact, there were certain time floating spread did happened and increased especially during major news. But I think it is still considerable since it not repeat like other broker which simply implement it. In fact, BNFM is a well regulated broker and I have been using the service for almost 7 months. I am so thanks to them to allow me trade well and at least making some earning through it. I have made a withdrawal of $100 via Wire transfer and less than 3 days money already credited into bank account.
Author of BMFN: Jonas | Date 2017-05-26
Trading with BMFN is a big advantage, I could see that we can trade with currencies and commoditties and many other instruments. Nowadays, I am trading with some majors like USD/CHF, EUR/USD.Spreads are tight and we can take advantage of it, last month I made a deposit or $250 and Skrill and everything was in line. Soon I could start trading, and since then I haven´t faced any major problem. Reliable broker
Author of BMFN: fhatty_lash | Date 2017-03-23
I was not able to re-install the trading platform since last week!. Every time I tried to install, the page shows an error message. I already sent the screenshots of the error but I heard nothing from them! It's not my first time to encounter such issue. To be honest, it's one of my concerns. I already raised this concern of mine since last year but they just ignored it. I think it's their way of stealing the clients money. I have few orders left on my account before the platform remain unresponsive. This unfortunate time makes me think to transfer to another broker. Yeah, there were times that I earned some profits from my trading activities. In fact, I already had 5 successful withdrawals and it would not stop me to look for another broker if they won't fix my problem regarding their lousy platform!
Author of BMFN: Yaaseen83 | Date 2017-03-01
Have an account with BMFN for 2 months. Last NFP news place an order using ea and I got profit 272$. But they have stolen all of my profit, and have blocked access to the account. I log into live chat, their client support told that they cancel my profit and blocked my account because I used EA on news time. I asked them to send me the clause but he did not reply me and closed the conversation. So I would say don’t waste your money and time here.
Author of BMFN: YuriOird | Date 2017-02-15
The premium educational materials is very effective and it helps me a lot of earn more profits from them. Two years ago, I started to invest my 5500 US dollars and transferred my capital via Bank wire. It took 5 days before the money was credited to my trading account and it didn't bother me because they're regulated in my country. My best friend was the one who convinced me to invest under his affiliate account. At first, I was reluctant to deposit my money because I have a full time job and when I earned $94 in my first two weeks of trading, I decided to pursue my online trading activities. I think the total earnings that I got from them is almost 700 bucks already including last month. The biggest amount that I requested to withdraw was $194 and I was quite scared because they told me to wait for their further advise after I passed the 2nd level of verification. But everything was settled within that day. The money was credited to my account without any problems. Since then, I realized that BMFN is a reliable broker and they're very serious running their business.
Author of BMFN: Yulav | Date 2017-01-23
After reading a lot of good reviews about BMFN, I was keen to find out for my self why do traders chose them as their broker. Upon opening an account with them starting with $100 since September 2016. I must say they are overall excellent. For their platform, It was great because the execution was being responsive and havent encountered any problem in opening and closing of trades specially when the market is volatility. I always follow the trend so I dont trade news. As for some traders, I also experience getting slippage but it goes directly to liquidity providers. For deposit, i used bank transfers to have an easy process and or the withdrawal it took me 24 hrs to withdraw my profit. Their support was very responsive and clear. i had cases when I emailed the support and they emailed me back in just a few minutes. There isnt much more I can say but I'm glad that i chose them as my 1st broker and probably will stay trading with them in future.
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