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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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BMFN reviews

6/10 (votes 3921)

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Year established: 1988
Country: USA
Regulation: NFA, FCA
Payment options: wire transfer; Visa, MasterCard; WebMoney, Skrill, NETELLER
Minimum initial deposit: $1000
Smallest lot size: 0.0001 lot
Leverage: from 1:1 to 1:400
Spreads: fixed and floating, from 2 pips

Boston Merchant Financial Ltd. (BMFN) was established in 1988 when it started to operate as a brokerage house in the US stock markets. Nowadays, BMFN is a part of Boston Merchant Financial Group and has offices all over the world.

The broker offers its clients an extremely wide spectrum of financial services, including a 24/7 access to an assortment of 4,000 financial instruments.

Among the broker’s advantages are the direct access to the Foreign exchange market, CFDs trading, precious metals market (Gold, Silver), commodity market (Oil, Cocoa, and Soybean), equity market (US ETF), Stock, Futures, and indices (USD, DOW, DAX, and FTSE).

BMFN’s clients can choose among three available trading platforms: MetaTrader 4, MetaTrader CFD, and BMF Unitrader.

BMFN Advantages:

Narrow spreads on most currency pairs;
Instant execution of orders;
One-click trading;
Program of money managed account (FXMA);
24-hour support;
Bonuses and competitions for clients;
Over 100 trading instruments, 27 currency pairs;
Access to the market liquidity with the use of STP NDD technology;
Guaranteed security of funds on accounts.

If you have worked with BMFN, you are welcome to leave your feedback. Your comments can help the beginners to decide on the right broker.

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Comments about broker

Rudolph trader

review BMFN

17-12-24

I have been trading with them since 2021. I increased my deposit with 40% bonus offer. Most of the major pair spread as low as 2 pips and even non majors are always less than 2pips. I am making good profit with them. Withdrawal process are fast, which is within 3 hours in my Skrill account.

Claudy trader

review BMFN

31-05-22

I have been trading with BMFM broker and I really faced a difficult time during the withdrawal. I had a common account with them and on top of that, I am not a scalper for which they would mind doing the profit withdrawal. I waited more than two weeks to withdraw successfully my profits. Also, I’ve loss $415 because of their platform that slow in execution, slippage on charts (EUR/JPY, NZD/USD, and GBP/JPY) and also their spread is widen 3-5 pips in a normal time.

Cheryl trader

review BMFN

22-10-21

It is true that BMFN charges low fees on some trading pairs but the ones that are mostly traded have high fees. The major pairs don't go lower than 5pips and I think that is just ridiculous.

Jhonson trader

review BMFN

27-08-21

BMFN is a bad broker that has made me disappointed with any difficulties they create for traders in terms of trading. The trading platform is very unstable, and the execution of trades is poor. My deposits take too much time to be reflected in my account, as well as withdrawals. Also, analysis is often not appropriate to the circumstances of the forex market, which resulted in me losing a lot of profit without any notice from them. I decided to close my account at this broker.

Henry trader

review BMFN

04-02-21

Before opening an account at BMFN, look for more brokers and widen your choices. BMFN is a legitimate broker and they offer great services. But there are times when their trading fees are too high and you might get frustrated by it. Also, their starting capital is a little expensive as well.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

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