Business
License
BMFN offers several types of trading accounts tailored to meet the needs of various traders. The available account types include:
Demo Account: Ideal for beginners or those wanting to practice trading without risking real money. This account simulates real market conditions and allows users to explore BMFNs offerings.
Standard Live Trading Account: Requires a minimum deposit of $50, provides access to over 99 financial instruments, and features a no-dealing desk (NDD) environment. This account allows micro lot trading from 0.01 lots and offers flexible leverage options up to 1:200.
Islamic Account: Designed for Muslim traders, this account is compliant with Sharia law and does not incur overnight swap fees.
MT4 CFD Account: Offers trading in forex, commodities, and CFDs with variable spreads.
MT4 DMA Account: Similar to the MT4 CFD account but specifically tailored for direct market access trading.
Opening an account with BMFN involves the following steps:
Visit the Official Website: Go to BMFN's official website and select the option to open an account.
Choose Account Type: Select the desired account type (individual, corporate, or joint).
Complete the Application: Fill out the online application form with personal, financial, and employment details.
KYC Procedure: Complete the “Know Your Client” (KYC) process by submitting identity verification documents, including proof of residence.
Deposit Funds: Once the account is approved, make a minimum deposit of $50 to activate the trading account.
Start Trading: After funding the account, traders can begin trading using the available platforms, including MetaTrader 4 and BMFNs proprietary web trader.
For more information, you can visit BMFN's official website.
Explore broker markets account types: forex/trading accounts with demo access.