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- BMFN – Boston Merchant Financial
BMFN – Boston Merchant Financial
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Platform
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Regulated
BMFN – Boston Merchant Financial is a Forex Broker . It started opening it’s doors to clients in 1988 , establishing it’s offices in Russia , Australia, United Kingdom, Bulgaria, Egypt, Ukraine, Kuwait, China, United Arab Emirates. BMFN – Boston Merchant Financial (Forex Broker) offers various trading accounts: Mini Account, Standard Account and the minimum deposit for Trading in Forex (FX) is $1.
broker1} offers accounts in: USD Account, EUR Account with fixed ,variable spreads. The lowest spread offered in EuroDollar is 2 pips.
It’s platform (MT4 Desktop/Mobile/iOS/Android/Web, UniTrader Desktop/Mobile/iOS/Android, ZuluTrade ) can be traded on Desktop|Mobile|iOS|Android|Web| , it offeres a Daily market reports feed. The platform is set on EST (GMT-5) and it offers a 5 digits decimal spacing on it’s forex pairs. It’s Forex (FX) accounts offer a leverage of 400 : 1 Standard Account
On it’s platforms: MT4 , UniTrader , ZuluTrade, you can set Trailing Stoploss, OCO orders, One click trading, furthermore it offers Mobile trading, Webtrading and 28 fx pairs. Among the foreign exchange products you can also trade, Gold, Silver, Stocks, Futures, Indices, Commodities, Energies, ETFs.
broker1} (Forex Broker) is regulated by ASIC, FFMS in Russia, FCA UK, FSC in Bulgaria, FSPR in New Zealand, Central bank of UAE, and is a Independent broker..
For all those wondering on the payment and withdrawal method, here is a list of funding methods:
Payments:Bank Wire, Credit Card, Debit Card, Skrill, China UnionPay
Withdrawals from your FX account:Bank Wire, Credit Card, Debit Card, Skrill, China UnionPay
BMFN – Boston Merchant Financial - Specs
Broker
Broker Type | STP |
Broker Country | Russia |
Regulation | ASIC, FFMS in Russia, FCA UK, FSC in Bulgaria, FSPR in New Zealand, Central bank of UAE |
Indipendant Broker | Independent broker. |
Year in Industry | 1988 |
International Offices | Australia, United Kingdom, Bulgaria, Egypt, Ukraine, Kuwait, China, United Arab Emirates |
Account
Accept US Clients | No US clients |
Mini account deposit | $1 |
Standard account deposit | $1 |
Trading account currency | USD Account, EUR Account |
Leverage Account | 400 : 1 Standard Account |
Minimal size lot | 0.1 lot Mini account |
Leverage Mini account | Mini Account, Standard Account |
Payments
Funding method | Bank Wire, Credit Card, Debit Card, Skrill, China UnionPay |
Withdrawal method | Bank Wire, Credit Card, Debit Card, Skrill, China UnionPay |
Costs
Commissions | no |
Costs & Spreads | fixed ,variable |
Costs/Lowest spreads on EURUSD | 2 pips |
Trading
Premium trading | Daily market reports |
Scalping | yes (monitored) |
Hedging | |
EAs allowed | yes |
Platform
Trading platform type | MT4 Desktop/Mobile/iOS/Android/Web, UniTrader Desktop/Mobile/iOS/Android, ZuluTrade |
Platform time zone | EST (GMT-5) |
Decimal pricing | 5 digits |
Trailing stops | Trailing Stoploss |
OCO orders | OCO orders |
One click | One click trading |
Mobile trading | |
Webtrading |
Products
Currency pairs | 28 fx pairs |
Gold Silver | Gold, Silver |
CFD Trading | CFD trading |
Other instruments | Stocks, Futures, Indices, Commodities, Energies, ETFs |
Other
MAM PAMM LAMM | MAM |
Managed Accounts | Yes |
Swap free accounts | Yes |
Segregated client accounts |
Promotions and Offers
Bonuses (T&Cs apply) | Yes |
Contests | Yes |