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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 1854)
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.
Author of Bolmax: Rhoitnro21 | Date 2018-02-28
Bolmax is not suitable for me. I don't like their MT4 platforms its works slowly, usually Its takes 2-3 minute to login here. From yesterday due to some reason, their server just stopped for 3 hours when the big spikes occurred. For this reason, I lost $214. When I chat with their live support then they refused to pay any compensation. Another things they advertise that they offer 0.3 pips spread but most of the time I got more than 6 pips on my EURUSD. I don’t link they will go far!
Author of Bolmax: Samsonpip | Date 2018-01-11
I was a client of Bolmax close to a year and the broker was nice and honest, till they started to manipulate the prices on the MetaTrader 4 platform. I had a standard account with a 200$ deposit, usually I trade major pairs and metals. My profit was 500-600$ a month. After they changed the servers the platform started to crash and to have delays, I started to lose money fast. Called the support team many times they never answered. I requested to withdraw my funds 2000$ and to close the account, it passed 2 weeks still waiting for the approval.
Author of Bolmax: jerald | Date 2017-11-01
trading with Bolmax is huge mistake that I ever made because I lost 300 USD within a month because of their trading platform not stable to use during trading activity. It just like the manipulated the platform make it hit my stop loss first then continued to my take profit. My stop loss always 100 pips from entry and I have another account with another broker with same entry point but I gain profit from another broker. With the same pair USDCAD and with the same entry point because I made a pending order to see my judgement is true or not. When I show it to support team they said they will make further investigation but it has been 3 week there are not updating any status. I hope that they reply my email in a short time otherwise I will assume them as a scammer.
Author of Bolmax: Neo | Date 2017-10-05
I traded with Bolmax for about 6 months, and despite de low minimum required deposit, I’ve lost due to constant slippage up to 20 pips and and the major parto f my capital invested 600USD was lost. I've opened delas with some majors like EUR/USD and GBP/USD I could see that their spreads start low but it can skyrocket during the trading day. Also, execution became slower and the opening price was Always worse than I was ordering. Bad experience do not recommend.
Author of Bolmax: Vivipip | Date 2017-09-13
I am a client of Bolmax for some time now, but since they changed their server I have problems with the platform MT4. My first deposit was 250$ made with bank wire transfer. I will close my account due to delays in execution, crazy spreads like from EUR/USD which normally is 0.3 pips , during news feed in the morning can get the spread up to 1.1 pips. I called their support team but they don't answer, neither to my emails. I am trading with them currency pairs EUR/USD, USD/CAD, USD/JPY, GBP/USD, USD/NZD, USD/DKK USD/NOK. I was making really nice profit around 500$ a month, but since 2 months now I had only losses, and I was losing actually 100-200$ a month. I requested to withdraw the rest of my funds 451$ and I will close my account.
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