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BMFN – Boston Merchant Financial

BMFN – Boston Merchant Financial
SKU:
Brand: Forex Broker
Category: Forex Broker

  • Platform

  • Min deposit

  • Min lot

  • Spreads

  • Broker Type

  • Regulated

Our Rating

The overall rating is based on review by our experts

5
  • Broker Customer Service 5 / 10
  • Broker Features 5 / 10
  • Forex Pricing 5 / 10
  • Trading Platform Connectivity 5 / 10
  • Trading Platform Usability 5 / 10

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

BMFN – Boston Merchant Financial - Reviews

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  • Rate this Product

  • Funds deposit/withdrawal process, Support, Integrity.
    5
  • Currencies variety, API, News service, etc.
    5
  • Spreads, Spreads during news, Fees, Execution.
    5
  • Bluetooth, Wi-fi connectivity, data trnasfer speed, internet browsing and interfaces.
    5
  • What do you feel about usability and speed of UI (user interface), messaging, calling, contacts management, call history, notifications and internet browsing?
    5
  • 6 / 10 based on your selection