BNFX Forex Broker keeps up-to-date with the latest trading account information, including True ECN, STP-Standard, STP-Mini maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Offers a variety of account types, including STP and ECN, catering to different trading preferences and strategies.
Provides access to popular trading platforms like MetaTrader 4 and their proprietary X Station, which offers advanced trading features.
Strong community support and mentorship from experienced traders, which can be beneficial for both novice and experienced traders.
Cons
Lacks regulation, which raises concerns about the safety of client funds and overall trustworthiness of the broker.
Limited payment options, as popular e-wallets are not available, potentially complicating the deposit and withdrawal processes.
Variable spreads on certain accounts may be higher than average, particularly on the STP mini account, which could impact trading costs.
BNFX broker Accounts
True ECN
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
1000 (USD or EUR)
Minimum Spread
0.0 to 0.4 pips on major pairs
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$0.04 per 1,000 (Micro Lot) (0.08 roundturn)
Products
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STP-Standard
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
500 (USD or EUR)
Minimum Spread
0.9 to 1.8 pips on major pairs
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
NONE
Products
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STP-Mini
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
--
Minimum Spread
1.5 to 3.0 pips on major pairs
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
NONE
Products
--
BNFX Account Type
BNFX offers three different types of trading accounts, each catering to various trading needs and conditions:
- STP Mini Account
- Minimum Deposit: $50
- Leverage: Up to 1:100
- Spreads: Variable, ranging from 1.5 to 3.0 pips on major pairs
- Trade Sizes: Starting from 0.01 lots
- Platform: MetaTrader XStation
- Fees: No added commissions, software fees, or inactivity fees
- STP Standard Account
- Minimum Deposit: $500
- Leverage: Up to 1:100
- Spreads: Variable, ranging from 0.9 to 1.8 pips on major pairs
- Trade Sizes: Starting from 0.01 lots
- Platform: MetaTrader XStation
- Fees: No added commissions, software fees, or inactivity fees
- True ECN Account
- Minimum Deposit: $1,000
- Leverage: Up to 1:100
- Spreads: Variable, ranging from 0 to 0.4 pips on major pairs
- Trade Sizes: Starting from 0.01 lots
- Platform: MetaTrader XStation
- Fees: $0.04 commission per 1,000 traded (equivalent to $4 per lot traded)
- Visit the BNFX Website: Go to the official BNFX website.
- Choose Account Type: Select the type of account you wish to open (STP Mini, STP Standard, or True ECN).
- Fill Out Application Form: Complete the online application form with your personal information.
- Verify Identity: You may need to provide identification documents, such as a government-issued ID and proof of address.
- Fund Your Account: Deposit the minimum required amount for the chosen account type.
- Start Trading: Once your account is approved and funded, you can begin trading using the selected platform (MetaTrader XStation or MetaTrader 4).
BNFX Broker Account Opening Process
To open an account with BNFX, follow these steps:
For more details, visit the BNFX website.
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