Forex Broker

Bolmax review


On-line since: 2009
Country of origin: Seychelles
Regulation: -
Payment options: wire transfer
Minimum account size: $100
Minimum lot size: 0.1 lots
Leverage: 1:100
Spreads: from 0.3 pips

About the company:

Bolmax Management is a member of Bolmax Management Group, providing financial services since 2009. Among its clients are 7,000 retail traders worldwide.

The brokerage company facilitates trading in more than 80 financial instruments in the foreign exchange, stock, commodity, and derivatives markets. Customers of Bolmax Management include both professional traders and novices. The minimum deposit required to open a trading account is $100.

The Non Dealing Desk technology, which directs transactions to the interbank market, is used to process orders on all trading accounts opened with this broker.

The company’s clients trade via MetaTrader 4, a universal trading platform compatible with Windows and Mac OS.

Any customer seeking assistance or willing to ask trading-related questions can contact the Customer Service Department by phone or email. Its operating hours are from 10 am to 7 pm (GMT+3), Monday through Friday.

Bolmax 4/10 (votes 1856)
Author of Bolmax: Gayante | Date 2020-10-14
Bolmax broker always has a way to make my trading satisfying. I have been trading with Bolmax for 5 months and they provide great service. They have a good quality platform with fixed spreads and fast order execution. It is easy to make profits with them, and the trading cost is low. Deposit and withdrawal processes are always successful within hours. I have no words to complain about Bolmax broker. They are reliable and trusted broker.
Author of Bolmax: Hulian | Date 2020-07-29
You can not place market orders, they will fill you at the worst and take 15-35 seconds to fill. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. So I left them and look for another better.
Author of Bolmax: Charli | Date 2020-04-23
I simply don't trust the non-regulated ones, as this one, and my experience with this broker proves me right. My order was not execute on my set time. For this reason I lost $250. When I contact their support, they said the problem was my end, that was not their problem. So were not making any correction. I heard that they apply same technique with others trader. So do not trade with them. Your money is not safe with them.
Author of Bolmax: Loilita | Date 2020-01-20
I was deposited around $500 with Bolmax and after 2 weeksI made a booming profit of $550. But I can't believe that Bolmax has scammed with me this way. When I tried to withdraw it they just blocked my account and gave me is of illegal transaction about this issue. So I am really shocked with this broker for their scam activity. Now I think they try to bring the lots and bonus condition in the account and make the situation complex
Author of Bolmax: Nova | Date 2019-10-15
Trading with Bolmax is easy, but they still need to fix some bugs with the platform which sometimes has delays. I am a client for the past 7 months and I trade with a standard account currency pairs EUR/USD, USD/CAD, USD/JPY. I have average profit of $450 a month. I had negative slippage two times which I lost $200 , but still the broker is honest regarding their commissions.
Author of Bolmax: Kamutando | Date 2019-09-09
I can't trade with Bolmax broker, as most of the time my order executed 20 to 50sec delay. As their spread isn't fixed on Standard account and I can't close my pending orders in a live price quote. So I have lost $290 due to the high volatility in several times. Really I am fed-up with their MT4 platform and their worst trading server. Also, I have tried their mobile platform too, but the same problem occurred on the platform. so I think my invest could be lost with Bolmax broker.
Author of Bolmax: SanjayJain | Date 2019-04-11
I was trading with Bolmax in a Standard account, but I can't continue trading by the EA on MT4 platforms, As spread isn't fixed and I could be up and down. So my EA hanged and I've left themselves after facing some losses on my account. My invest was $250 and after losses, I can recover only $112, while withdrawal is disgusting for a long time proceeding to transfer via wire transfer. I am uncomfortable and didn't enjoy my trading with Bolmax broker.
Author of Bolmax: Femi Olusoji | Date 2019-01-13
I had $100 investment and few months trading experience with BML in a Standard account, but I can't continue trading due to the some issue. As suddenly their platform hung and if I made an order then it executed slow 1 to 2 minute, so my posittion goes slippage 5 to 40 pips in the running market. I have tried their mobile platform or web-based platform too. But same problem happens on these platforms. Also their Payment methods unusual While their spread is 0.5 pips fixed but I think that there are no meaning to trade such kind of service of Bolmax Management (BML).
Author of Bolmax: tpswsre21 | Date 2018-10-31
Bolmax was good a broker but in past now it’s became worst broker. . I have been facing server disconnection problem since last 3 weeks. They said fixed server problem, but I am still getting requotes, need at least 30 second for execution. Beside this, I also experienced huge spike during news hours. Even I got 70 pips spike on usdjpy pair during the US GDP rate news. I profitable deal got stop out. I quite impossible to make money with them, so I leave this broker. I would not recommend this broker!
Author of Bolmax: NickCraven | Date 2018-04-18
I was unable to trade in MT4 Platform with Bolmax Management and I became disappointed with my $100 investment. As their platform was hung 10 to 20 minutes and I can't trade. Also, I have faced slow execution and different pricing chart from others broker or real market. regularly I got huge slippage and requote That's why I was losing my fund. while I had made profit $65, But I had technically lost more than my profit. Now no meaning to trade with them for recover my losses, So I have avoided them now.
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