Boston Merchant Financial

  • Name:Boston Merchant Financial
  • Website:http://bmfn.com/
  • Location:Australia Bulgaria China Egypt India Kuwait Russian Federation United Kingdom
  • Found in:2008
  • Regulation Authority:Mifid, authorized by inward services by FCA
Editorial Rating:
2.10
Accept US Traders:
Yes

BMFN.com

Boston Merchant Financial, or BMFN.com, is a financial broker that really pushes the boundaries when it comes to depth, variety and flexibility. Indeed, from its online interface that’s compatible in 17 languages, to its five trading platforms, there are very few angles this Forex broker doesn’t have covered.

Founded in 2008 and spread across the world with 10 offices in countries such as the UK, Egypt, China, Bulgaria, Australia, this broker now serves more than 60,000 FX traders. To secure its platform across this range of countries, BMFN is regulated by a number of financial authorities, including: the ASIC (Australian), the Bulgarian National Bank, FCA (UK) and the FSC (Bulgaria).

In addition to offering foreign exchange options, BMFN also has provisions for equities, stocks and precious metals. However, regardless of its other instruments, BMFN has pushed Forex to the front of its offering with a host of profit making features, such as a money management system.

BMFN.com’s Special FX:

As mentioned above, one of the standout features of this FX broker is its range of trading platforms. While many sites will rely heavily on MetaTrader 4, BMFN has chosen to offer a range of portals, including: UniTrader, CurreneX and customisable MetaTrader 4 platforms.

This range not only gives experienced traders the option to take advantage of different trading conditions with various customisable features, but the chance for novices to find the platform that suits them.

Beyond this range of software, a money management programme is offered to all traders with at least $100,000 to spend. Active 24 hours a day, the accounts are fully automated and directed by the same commands and strategies that guide professionals on a daily basis.

Although this option will be beyond the reach of most traders, the ability to invest in the foreign exchange without prior knowledge and still make money is a fantastic resource.

The final feature that helps BMFN standout is its comic strip. Designed to offer some light relief in the crazy world of FX trading, the comic will certainly help raise a smile in times of trouble.

The Essentials:

BMFN encompasses a range of trading platforms and each is fully tied into this brokerage through a specific set of conditions:

UniTrader Account:
Minimum account size = $100
Minimum position size = 0.1 lot
Variable spreads typically from 3 pips with a minimum of 1 pip on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 5
Number of currency pairs available = 36 (including 12 exotics)
PRO CFD Account (ActTrader):
Minimum account size = $100
Minimum position size = 0.1 lot
Fixed spreads from 2 pips on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 5
Number of currency pairs available = 36 (including 12 exotics)

MT FX (MetaTrader 4):
Minimum account size = $100
Minimum position size = 0.1 lot
Fixed spreads from 2 pips on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 5
Number of currency pairs available = 36 (including 12 exotics)

CurreneX Account:
Minimum account size = $100
Minimum position size = 0.1 lot
Variable spreads typically from 3 pips with a minimum of 1 pip on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 5
Number of currency pairs available = 36 (including 12 exotics)

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