BMFN vs Forex.com
| BMFN | FOREX.com |
|---|---|
1.5
|
4.5
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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). |
Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. |
| Customer Reviews | |
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4.7
Based on 3 FOREX.com customer reviews
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| 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." | "FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, ETFs, Commodities | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 1 Lot | 0.01 Lots |
| Regulator | |
| VFSC | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
| 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 |
| App Review | |
Running alongside the MT4 and Web Trader platforms, the FOREX.com 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. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
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| Android App Rating | |
3.8 |
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| iOS App Rating | |
3.6 |
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| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | SMART Signals |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $15 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| 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. | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. |
| Leverage | |
| 1:400 | 1:200 (Retail), 1:500 (Pro) |
| FTSE Spread | |
| 1.0 | |
| GBPUSD Spread | |
| 1.8 | 1.3 |
| Oil Spread | |
| 2.2 | 2.5 |
| Stocks Spread | |
| 0.14 | |
| 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. | FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets. |
| Forex App | |
Running alongside the Advanced and Web Trader Platforms, the FOREX.com 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. |
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| GBPUSD Spread | |
| 1.8 | 1.3 |
| EURUSD Spread | |
| 1.5 | 1.2 |
| EURGBP Spread | |
| 4 | 1.4 |
| Assets | |
| 22 | 80+ |
| Cryptocurrency | |
| Crypto trading not offered | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. |
| Spread | |
| BTC 1.4%, ETH 2% | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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BMFN vs |
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