BMFN vs Comparison Table 2023
4.5 is #1 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

In the market since 1988, BMFN is an international CFD and forex broker based offshore in Vanuatu. The firm offers direct market access (DMA) on over 90 instruments and the MetaTrader 4 platform. Minimum deposits start from $50 and leverage is flexible up to 1:200. BMFN has over 14 offices worldwide and is regulated by the Vanuatu Financial Services Commission (VFSC). boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Bonus Offer
Active Trader Program With A 15% Reduction In Costs
Comment by Reviewer
"After testing this offshore broker, I think traders looking for a no-frills trading experience on the MT4 platform and unregulated leverage rates up to 1:200 could be well suited. That said, the weak regulation and lack of additional tools is a major drawback for me." " is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
  • I appreciated the range of payment methods available during my tests, including credit/debit card, bank wire, Neteller and Skrill. Minimum deposits are also reasonable at $50
  • I’m glad to see the reliable MetaTrader 4 platform available via desktop, web and mobile applications
  • Respected and trusted broker overseen by tier-one regulators including the US SEC
  • Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
  • Industry-leading pricing on popular forex assets starting from 0.0 pips
  • Beginner-friendly web platform and mobile app
  • Up to 15% cashback rebates for active traders
  • Fast execution speed of less than 1 second
  • Free demo account for prospective traders
  • VPS hosting for automated strategies
  • Top-rated forex and CFD broker
  • Low minimum deposit of $100
  • BMFN is regulated offshore by the Vanuatu Financial Services Commission (VFSC) - a weak regulatory body with few safeguarding measures in place to protect clients
  • The lack of transparency on the broker’s website, plus broken links and contradicting information, is also a concern for me and makes me question the broker’s safety
  • I found fees at BMFN were not competitive compared to many brokers I review. Spreads start from 1.4 pips, which is above the industry average for EUR/USD
  • The broker trails behind competitors when it comes to market and platform availability - I would like to see more choice and variety for traders
  • The lack of additional analysis tools and educational resources is also a major drawback for me
  • Investment offering varies between countries
  • $15 monthly inactivity fee
  • No copy trading platform
  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 -
  • Best US Broker 2019 -
  • Runner-Up - Best Forex Broker 2019 -
Stocks, CFD, Forex, ETFs Forex, Spot Metals
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Trading Platforms
  • MT4
  • MT4
  • MT5
  • TradingView
  • eSignal
  • AutoChartist
  • TradingCentral
Payment Methods
Debit Card, ACH Transfer, Wire Transfer
Minimum Trade
1 Lot 0.01 Lots
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
Yes No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes SMART Signals
VPS Hosting
No Yes
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
CFD Trading
BMFN’s small range of 90+ CFDs covers currencies, equities, indices, ETFs and commodities. Trading is only available on the MetaTrader 4 desktop terminal or web platform, so traders looking for a bespoke solution may want to look elsewhere. Spreads are relatively high compared to other brands, though I am glad to see that there are no commissions. CFD trading not offered
1:400 1:50
FTSE Spread
1.8 1.0
Oil Spread
2.2 0.04
Stocks Spread
0.1% (Min Commission Applies)
Forex Trading
During testing, I found 20+ currency pairs covering majors and minors with variable spreads. I think this is a pretty poor selection considering most brokers offer 30+ pairs. Also, spreads aren’t particularly competitive, starting from 1.4 pips for major pairs. Most brokers I review aim for less than 1 pip on average. is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Forex App

Running alongside the Advanced and WebTrader Platforms, the mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

1.8 1.0
1.5 1.0
4 1.0
22 80+
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