https://bmfn.com/
Website
Influence
D
Influence index NO.1
A Visit to BMFN in New Zealand - Fake Address
It is ascertained by the investigation staff that the address of BMFN is inconsistent with that from the regulatory information. Notwithstanding the broker’s FCA EEA licence, it simultaneously overruns the business scope regulated by FSPR and ASIC. In light of the situation.
BMFN Has Moved Away in Australia
The inspection team found that BMFN and eForex have the same contact information. It is said that BMFN has moved to Level 17, 9 Castlareagh Street. The team will visit the site later.Please be wary of the broker.
A Visit to BMFN in New Zealand - Fake Address
It is ascertained by the investigation staff that the address of BMFN is inconsistent with that from the regulatory information. Notwithstanding the broker’s FCA EEA licence, it simultaneously overruns the business scope regulated by FSPR and ASIC. In light of the situation.
BMFN Has Moved Away in Australia
The inspection team found that BMFN and eForex have the same contact information. It is said that BMFN has moved to Level 17, 9 Castlareagh Street. The team will visit the site later.Please be wary of the broker.
Most visited countries/areas
ebmfn.com
Server Location
United States
Website Domain Name
ebmfn.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
0001-01-01
Server IP
104.25.114.97
bmfn.cn
Server Location
Hong Kong
Website Domain Name
bmfn.cn
ICP registration
沪ICP备16054110号-1
Website
WHOIS.CNNIC.CN
Company
WEB COMMERCE COMMUNICATIONS LIMITED
Domain Effective Date
0001-01-01
Server IP
47.89.28.64
bmfn.com
Server Location
United States
Most visited countries/areas
Russia
Website Domain Name
bmfn.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
0001-01-01
Server IP
104.25.113.97
BMFN Review Summary | |
Founded | 1988 |
Registered Country/Region | Bulgaria, Vanuatu |
Regulation | FCA(Revoked), FSPR(Suspicious Clone), ASIC(Suspicious Clone) |
Market Instruments | Forex, Indices, Equities, ETFs, Commodities |
Demo Account | Available |
Leverage | From 1:200 |
Spread | From 1.4 pips |
Trading Platform | MetaTrader 4 web and mobile platforms |
Min Deposit | $50 |
Customer Support | Phone: +442080971783 / +442080971742 |
Email: support@bmfn.com | |
24/5 Live Chat: Available | |
Physical Address: 84-86 Aleksandar Stamboliyski Blvd, Sofia, Bulgaria |
Established in 1988, BMFN provides trading among currencies, indices, equities, ETFs, and commodities. It runs under VFSC control and gives access to the MetaTrader 4 platform. Traders starting with a minimum investment of $50 can start using leverage up to 1:200.
Pros | Cons |
Low minimum deposit of $50 | Limited leverage compared to peers(1:200) |
Access to MetaTrader 4 platform | Suspicious regulation status(Revoked/Suspicious clone) |
Wide range of tradable instruments | High Spreads(from 1.4 pips) |
Regulatory Authority | Status | License Type | License No. | Licensed Institution | Country | Effective Date |
Financial Conduct Authority(FCA) | Revoked | European Authorized Representative (EEA) | 550785 | EMIRATES WEALTH EAD | United Kingdom | 2011/5/13 |
Financial Service Providers Register(FSPR) | Suspicious Clone | Financial Service Corporate | 328066 | AUSTRALIAN MUTUAL FUNDS EXCHANGE PTY LTD | New Zealand | 2013/12/8 |
Australia Securities & Investment Commission(ASIC) | Suspicious Clone | Investment Advisory License | 379035 | OKX AUSTRALIA FINANCIAL PTY LTD | Australia | 2011/1/28 |
BMFN provides access to 99+ financial instruments, including forex, indices, equities, ETFs, and commodities.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Equities | ✔ |
ETFs | ✔ |
Commodities | ✔ |
Cryptocurrencies | ❌ |
BMFN provides leverage from 1:200.
BMFN doesn't mention its account types.
BMFN provides spreads start at 1.4 pips, with no additional commissions on trades.
Spread | From 1.4 pips |
Commissions | $0 (Spread-only pricing) |
Swap Rates | Applicable, varies by instrument |
BMFN provides MetaTrader 4 and its unique BMFN Web Platform.
Trading Platform | Supported | Available Devices | Suitable for |
MetaTrader 4 | ✔ | Web, iOS, Android | New and experienced traders |
BMFN Web Platform | ✔ | Web-based only | New traders |
While other options, like credit/debit cards, Skrill, and China Union, are fee-free, with processing periods varying from instant to one business day, BMFN provides withdrawals via bank wire with a $25 fee.
Method | Type | Min. Amount | Withdrawal Fees | Processing Time |
Bank Wire | Deposit/Withdrawal | $50 | $25 Fee | 1-3 Business Days |
Credit/Debit Cards | Deposit/Withdrawal | $50 | No Fees | Instant (Deposit) / 1 Business Day (Withdrawal) |
Skrill | Deposit/Withdrawal | $50 | No Fees | Instant (Deposit) / 1 Business Day (Withdrawal) |
China Union | Deposit/Withdrawal | $50 | No Fees | Instant (Deposit) / 1 Business Day (Withdrawal) |
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高倩
Hong Kong
I joined the BMFN agent in 2017.At first,the operation and the withdrawal were both normal.But the withdrawal ,$70,000 or so in total,was unavailable since 2018,Feburary.
Exposure
2019-09-03
FX6059266241
Hong Kong
My account is 77374327. I applied for a withdrawal in March. The service told me I was in line. Later I heard about they will close their Shanghai office. They were delaying me. Now the only thing I can do it sending them emails. They keep me waiting instead of respond me. I can still trade, but I can’t withdraw. I know their Dubai office is running. So I hope WikiFX will help me settle this thing down.
Exposure
2019-01-04
汇盈天系统全国总部
Hong Kong
Come and join us.
Exposure
2018-10-16
FX8879888274
Hong Kong
My trading account is 77,385,829. I made an application for withdrawing money on March 28, 2018. The platform has not deducted the money from my balance and handle the application. Recently, I send them email but they always tell me to wait. On May 17, the Japanese platform suddenly locked my account and background, and closed the orders in my account, deducted $16,630 from the balance and cleared it. However, the funds have not been arrived my bank card, and the gold deduction note has also been made into parity wipe-out. The previous monthly withdrawal note is DC PayWithdrawal. I send emails from time to time every day requesting the platform to deduct the balance and remit to my card. But the platform uses the perfunctory words "patiently wait, wait for department approval, wait in line, etc." Is this reasonable, and the above-mentioned senior manager Wang Luchuan claimed that even if the platform was in trouble, we would have a compensation £50,000." But now she is missing. I hereby ask WikiFX help me to talk with BMFN’s person in charge, letting it to remit money to me. I believe WikiFX is an authoritative platform. Now the whole family’s hard-earned money is in it. There is no other source of income. Now the bank is overdue. Borrowing money everywhere to survive. I sincerely hope that you can help me. BMFN's doing is too chilling. Defraud investors... It has been half a year, and BMFN give my hard-earned money back! ! !
Exposure
2018-07-15
FX8879888274
Hong Kong
My account number:77385829 I applied for the withdrawal on March 28th,2018,while it hasn’t been received yet.The email I sent was always said to be in the queue.On May 17th,my account was blocked,in which all my orders were cleared.The withdrawal was unavailable.And the note was equity wipe-out,which was DC PayWithdrawal before.the platform always replied to my email with “please wait patiently”,in a frivolous way.I want to ask whether it is legit.But the leader claimed that even the platform collapses,we will get a compensation of 50000 pound.Now he disappear.I require the platform staff deal the withdrawal process for me.It is all my hard-earned money with my family.There are no other sources of life. Now the bank loan is overdue.We are borrowing money to survive.Sincerely hope that you can help. BMFN's approach is too chilling,which hurt investors...
Exposure
2018-07-14
FXTM 富拓
Hong Kong
It can be clearly seen from the BMFN website https://www.ebmfn.com/ that the platform has issued a notice of restructuring and announced the withdrawal from the Chinese foreign exchange market, but there are many doubts. I understand that a normal company or platform vendor’s reconstruction will not affect customers normal deposit or withdrawal or related transaction operations. However, the customers of BMFN platform reported that they can't withdraw, which is not difficult for us to see the seriousness of the problem. If it is a formal platform or a company, as long as the official website can be opened normally, even if it is facing a crisis of bankruptcy, it will not restrict or interfere with the customer's deposit and withdrawal operations. This behavior of the BMFN platform is a serious illegal operation.
Exposure
2018-03-02
FX1107408092
United States
Terrible clone company! Their website has been shut down and all regulatory licenses have expired. I hope that those who have been scammed can recover their funds as soon as possible.
Neutral
2022-12-09