BNDFIN Forex Broker

Note: BNDFIN's official website - https://bndfin.com/ is currently inaccessible normally. BNDFIN Review SummaryFounded2022Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, commodities, indices, stocksDemo Account✅EUR/USD SpreadFrom 3 pipsLeverageUp to 1:200Trading PlatformSirix, Activ8Min Deposit$250Customer Support24/5 supportTel: +44 1213 14 3345Email: support@bndfin.comAddress: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro Marshall Islands, MH 96960BNDFIN Information BNDFIN is a brokerage company who currently does not maintain functional website that we can only get limited information about this company on Internet. The broker offers trading services for forex, commodities, indices and stocks, with a moderate minimum deposit of $250. Spread for EUR/USD is wide from 3 pips, which normally increase trading costs. What's worse, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection. Usually we don't recommend you to trade with such unrealiable broker.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteDemo accountsNo regulationMultiple account typesWide spreadsNo commissionsNo MT4/5Popular payment optionsHigh minimum depositLong withdrawal processing timeIs BNDFIN Legit? Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of BNDFIN, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.What Can I Trade on BNDFIN? BNDFIN offers trading services in 4 asset classes:Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type/Fees BNDFIN not only offers a demo account for traders to practice their trading strategies, but also 4 live accounts, namely Mini, Bronze, Silver and Gold accounts. Minimum deposit is high from $250, spread for EUR/USD is wide from 3 pips, but surprisingly, there's no trading commissions.Leverage BNDFIN offers a leverage level of up to 1:200, allowing you to maximize your position with limited initial deposit. But it's always advised to use leverage prudently due to significantly amplified losses at the same time of gains.Account TypeMax LeverageMini1:100BronzeSilver1:200GoldTrading Platform BNDFIN claims to offer three trading platforms: Sirix, Activ8, as well as the renowned and advanced MetaTrader4 (MT4). However, the MT4 is not for sure because tester did not find any links direct to this platform. Given the situation of unprofessional website of this broker, we assume that MT4 is actually not avialable.Trading PlatformSupported Available Devices Suitable for Sirix✔//Activ8✔//MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal BNDFIN accepts payments through VISA, MasterCard, Maestro, Skrill and Netellerand wire transfers. Withdrawal requests are usually processed within 5-10 business days, much longer than regulated brokers and will lead to possible scams. You should be extremely cautious to give your money to this broker. For most updated details, you can visit https://BNDFIN.io/en/fees?data=withdrawal-fees