Rating Index
Pros
User-friendly platform with easy onboarding for beginners
Diverse range of trading instruments available
Competitive leverage options for experienced traders
Cons
Lack of proper regulatory oversight raises concerns about safety
Negative reviews and complaints about withdrawal issues
Limited educational resources for traders looking to improve their skills
BMF broker Accounts
Boston Merchant Financial Account Type
Boston Merchant Financial (BMFN) offers a single type of trading account for its clients, which includes the following specifications:
- Minimum Deposit: $50
- Trading Instruments: More than 99 different instruments available
- Platforms: Trading can be conducted on two platforms: MetaTrader and Unitrader
- Spread: 1.4 pips on most major currency pairs
- Leverage: Flexible leverage up to 200:1
- Commission: No commissions or additional charges; only the spread is paid
- Trading Styles: All trading styles are allowed, including scalping and hedging
- Demo Account: Available for practice trading
Boston Merchant Financial Broker Account Opening Process
To open an account with Boston Merchant Financial, follow these steps:
- Visit the Website: Go to bmfn.com.
- Contact Customer Support: If you have questions, you can reach out via telephone at +359 2 491 7016 or email at [email protected].
- Complete the Registration Form: Fill out the online registration form on their website.
- Verify Your Identity: Provide necessary identification documents as required for compliance with regulatory standards.
- Fund Your Account: After your account is approved, deposit a minimum of $50 to start trading.
This streamlined process allows traders to quickly get started with their trading activities.
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Explore broker markets account types: forex/trading accounts with demo access.
BMF accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .