popup.error.login.title
popup.error.login.text
Introduction
Rating
Without rating
0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
  • name
    0/10
Users
0
?/10

Overview

BMFN is an integral part of the Boston Merchant Financial Group. Boston Merchant Financial Group is an international holding company, which includes four financial companies: UniTrader EAD, BMFN Pty Ltd., Boston Merchant Financial Ltd. and Boston Merchant Financial Ltd. Representative offices of the holding are located in major cities of different countries: London (UK), Taichung (China), Moscow (Russia), Sydney (Australia), Sofia (Bulgaria), Kuwait (Kuwait), Mumbai (India), Cairo (Egypt), and Latin American countries.

BMFN provides traders with high-quality brokerage services, and access to all major global financial markets. Since the broker is aimed primarily at experienced traders, the minimum deposit for opening a trading account is $500. Over 100 trading tools are available for work on the financial markets. Clients can use them for trading, selecting one of several trading platforms.

On the site of the BMFN trading of Internet trading is not conducted. It is a significant disadvantage of the broker for novice traders.

Bonuses

BMFN offers its customers two types of Forex bonuses. The first deposit bonus is designed for new customers, and the bonus for the second replenishment of the account is intended for regular clients.

The Forex first deposit bonus is paid to new customers who have registered with the broker, and have opened a trading account. Then it is necessary to fund a trading account in one of the ways, offered by the broker, and the first deposit bonus of 20% will be accrued. Forex bonus is available only for traders who trade on the Forex market, and does not apply to accounts, which are established for trading futures, securities, commodities and CFD. The maximum bonus sum comprises $10,000. Bonus funds can be used for trading any currency pair from the time of their accrual to the account, and they can be withdrawn from the account only after closing the trading volume, established by the staff of the company.

Forex bonus for the second replenishment of the account can be received by any trader of the BMFN; he just needs to fund an account for that. Bonus is available for trading on the Forex market, and it is not provided for work with other trading tools. Forex bonus for the second replenishment of the account is accrued by the broker according to the established rules, and it can be withdrawn only after closing the required trading volume.

Table of Forex bonuses accrual and trading volumes for withdrawal of funds:

- deposit is from $500 to $1,999 - Forex bonus is $100 - volume is 14 lots

- deposit is from $2,000 to $2,999 - Forex bonus is $400 - volume is 54 lots

- deposit is from $3,000 to $3,999 - Forex bonus is $600 - volume is 80 lots

- deposit is from $4,000 to $4,999 - Forex bonus is $800 - volume is 105 lots

- deposit is from $5,000 to $5,999 - Forex bonus is $1,000 - volume is 135 lots

- deposit is from $6,000 to $6,999 - Forex bonus is $1,200 - volume is 160 lots

- deposit is from $7,000 to $7,999 - Forex bonus is $1,400 - volume is 190 lots

- deposit is from $8,000 to $8,999 - Forex bonus is $1,600 - volume is 215 lots

- deposit is from $9,000 to $9,999 - Forex bonus is $1,800 - volume is 240 lots

- deposit is from $10,000 to $14,999 - Forex bonus is $2,000 - volume is 270 lots

- deposit is from $15,000 to $19,999 - Forex bonus is $3,000 - volume is 400 lots

- deposit is from $20,000 to $24,999 - Forex bonus is $4,000 - volume is 540 lots

- deposit is from $25,000 to $29,999 - Forex bonus is $5,000 - volume is 670 lots

- deposit is from $30,000 to $34,999 - Forex bonus is $6,000 - volume is 800 lots

- deposit is from $35,000 to $39,999 - Forex bonus is $7,000 - volume is 940 lots

- deposit is from $40,000 to $49,999 - Forex bonus is $8,000 - volume is 1,050 lots

- deposit is over $50,000- Forex bonus is $10,000 - volume is 1,300 lots.

Training

There are no materials on the official site of the BMFN, which allow novice traders to study speculative trading on the global financial markets.

Clients of the broker have the opportunity to open demo accounts for training on any of the offered BMFN trading platforms. On demo accounts trading on the financial markets is conducted with virtual money, but using real quotes, allowing traders to exclude risking their own finances while learning the basics of Internet trading.

Terms of trading

BMFN offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $500

- from 3 to 5 digits after the decimal point

- the leverage is 1:200

- seventy currency pairs, crude oil, silver, gold, commodities

- lot size is 10,000

- spread is fixed from 2 points on major currency pairs

- hedging is available

- automated trading is available

- commission fee for the inactive account's services is 50 Euro per quarter.

MetaTrader 4

- multi-language support

- order execution - Instant and Market Execution

- one click trading

- embedded Forex indicators

- installation of new indicators

- MetaQuotes Language 4 (operations with Forex trading advisors)

- export and import of quotes

- chart printing.

UniTrader

- English-speaking support

- streaming prices

- subscription to trading tools

- dynamic charts

- all types of orders

- complete control of margin and balance

- news from SquawBox.

Currenex

- multi-language support

- one click trading

- trading from charts

- charting

- all types of orders

- report distribution tools

- system of finance and account management.

BMF PRO CFD

- English-speaking support

- two-way streaming quotes

- charting

- all types of orders

- order setup taking into consideration a possible profit

- trading statistics.

Clients of the BMFN have the right to open an account on one of the above-mentioned platforms, depending upon their own desires and capabilities. Then they need to fund their accounts in one of way offered by the broker, and start trading on the global financial markets.

Forex indicators (recommended)

- Hull Moving Average

- Percentage Price Oscillator

- Anchored Momentum

- Range Rider

- Will-Spread.

Forex expert advisors (recommended)

- Equilibrium (an automated Forex expert advisor that uses various trading methods, including Martingale method, locking and many others, allowing it eventually to exit the market with profits even in case of drawdown)

- FX Lightning (an automated Forex expert advisor, developed for trading currency pairs using scalping, and it is able to show good profits in intraday trading after a competent setup of its parameters)

- BasketFX (an automated Forex expert advisor that uses the precise mathematical analysis, and shows good profits despite the market volatility and trend directions).

Investments

If customers of the Boston Merchant Financial (BMFN) for some reason can not trade on currency, stock and commodity markets independently, they have the right to transfer their finances to corporate management, i.e. to invest them in accounts of professional traders. Corporative managers are highly qualified traders, who have distinguished themselves as effective managers, making a profit continuously while trading currency pairs.

Program of corporate management:

- it is management of investors' funds by professional traders of the BMFN

- it is the use of highly profitable trading strategies

- it is minimum risks and maximum profits

- it is a monthly interest payment

- it is investments with the recommended minimum sum of 25, 000 dollars

- it is a high income for investors.

Unique features

Clients of BMFN have the right to become partner of the broker, and earn money by attracting new customers. It becomes available with the help of an affiliate program, offered by the broker.

The affiliate program includes the following directions:

- Introducing Broker (attraction of customers through the Internet)

- Capital Manager (operations with accounts of attracted customers)

- White Label (creation of an independent company under the supervision of BMFN and its comprehensive support)

- Omnibus White Label (creation of an independent brand for provision of brokerage services).

A trader should send a request by email indicating the direction where he is going to work in order to become a partner of the broker. Employees of the BMFN contact potential partners in the short time, and provide them with all necessary information about the earnings on new customers.

Add/withdraw funds

BMFN offers several methods to deposit and withdraw finances from accounts: VISA, MasterCard, UniCredit Bulbank AD, Raiffeisenbank, WebMoney and bank transfers. A commission fee of 50 dollars is charged for withdrawal of funds from the client's account.

Contacts

BMFN provides its customers with support through chat, by feedback form, which can be found on its website, as well as by e-mail address [email protected] and by phone +7 495 640 14 23.

Cons and pros

+ the international broker

+ regular Forex bonuses

- no contests

- small leverage

- no training

- commission fee for trading account services

- high commission fee for withdrawal of funds from the account.

Editorial rating

?/10
Players rating
0
?/10
Write a review
Typed 0 synbols, min 50, max 5000
Typed 0 synbols, min 50, max 5000
Rate
You rated
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
name
0/10
Fill in
Wrong login
Check your login and enter the correct one.
Wrong login
Check your login and enter the correct one.
Deposits made at this casino:
It is necessary to verify your identity. The data is not disclosed or disclosed to third parties. In case of filling you will be credited with a bonus.
Validation error
Check the data you entered is correct