BMFN review: Regulations, Platforms, Features and Ratings.

1.382 • 32 REVIEWS
Boston Merchant Financial BMFN Limited
Updated: Mar 1, 2024
BMFN.com

What is BMFN?

BMFN is a forex broker located in Republic of Vanuatu, offering platforms as following:

  • Metatrader 4 for PC,
  • BMFN WebTrader,
  • MetaTraer 4 for Mobile trading. 

BMFN.com offers over 20 forex currency pairs, etfs, equities, indices, commodities, gold, silver and oil for your personal investment and trading options.

Please read BMFN Reviews below and share your live trading experiences with this broker.

May 2012: CAUTION:  There is an FPA Traders Court Guilty Vote against this company.

Other website of this company including BMFNVT.com, UpFX.com.

Broker Details

Minimum Trade Size: 0.1
Maximum Leverage: 400:1
Minimum to Open Live: $50
Established: 1988
Address: Law Partners House, Kumul Highway, Port Vila, Vanuatu
Contact: support@bmfn.com
Regional offices:
Regulators: VFSC #
Prohibited countries: Show all >>
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (20+)
Cryptocurrencies:
CFD: (100+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), CASHU, Globe Pay, Neteller, Skrill
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), CASHU, Globe Pay, Neteller, Skrill
* Please check broker website for more information
1.382 • 32 REVIEWS

Recent User Reviews of BMFN

G
George9211
Singapore, Singapore (Really the offices of BMFN in UAE),
Dec 8, 2020,
Registered user

Good FX Broker (they pay my salary)

Service use: Live Length of use: over 1 Year
This is my broker partner, they got amazing platform like MAM (Multi Account Manager) so I can managed all my clients using MAM. Also I had an 6000 USD PAMM managed account and 3 days after the withdrawal request I have received the money. From this point of view everything is OK.
Forex Peace Army
Review moderation team note
5 Star Rating removed. This is another fake client review from the same IP previously used by an employee of BMFN.  It was also used to spam the FPA's forums for BMFN.

Per FPA policy, the rating on this review has been set to Zero stars.
A
amirhussain
Abu Dhabi, United Arab Emirates,
Jan 26, 2023,
Registered user

Can Not Withdraw My Money

Service use: Other Length of use: 0-3 Months
I was trading with BMFN from 2019 but did not get any withdrawal. i have made request of my last withdrawal in January 2023 but not getting any reply.
1 trader has found this review helpful
C
CyberMonix
Dubai, United Arab Emirates,
Nov 21, 2022,
Registered user

Account number 33339019 mt4 They never paid my withdrawal

Service use: Live Length of use: 6-12 Months
Account number 33339019 mt4 They never paid my withdrawal 963.76$ since Aug 2022.

Till this date am waiting for it
P
PantherX
Dubai, United Arab Emirates,
Jun 24, 2022,
Registered user

BMFN are scammer

Service use: Live Length of use: over 1 Year
Those are scammer has no office no phone line and they stole from me until now about 45$K
D
DOREENMO
Dubai, United Arab Emirates,
Apr 15, 2022,
Registered user

BMFN SCAMMERS & FRAUDS

Service use: Live Length of use: 6-12 Months
They dont put your trade in the market. They do DABBA Trading. they are not regulated. They have lot of clients who lost so much money and have put legal cases on them. They only take money and they make sure they close all your trades in loss. They robbed me of total 300,000 Dollars
2 traders have found this review helpful
D
Daryll1996
Dubai, United Arab Emirates,
Dec 5, 2021,
Registered user

BMFN No Withdrawal Only Deposit

Service use: Live Length of use: over 1 Year
BMFN they welcome you when you make deposits but when it comes to withdrawal you will not get. Not sure if they are regulated also. Kindly make your research before you start trading with BMFN
E
el23876
RU, Russian Federation,
Jun 10, 2021,
Registered user

SCAM

Service use: Live Length of use: 0-3 Months
still waiting for the withdrawal of my funds from 2017
these scammers stopped replying to my emails
avoid at all costs

Sep 10, 2017 - 1 Star cancelled $3k profits made during last 7 months
just after withdrawal request
with no exlanations
DMA account
1 trader has found this review helpful
F
fxbroker-uae
Dubai, United Arab Emirates,
May 9, 2021,
Registered user

BMFN Victims' Money showing up in Vermont

Service use: Other Length of use: over 1 Year
https://vtdigger.org/2021/05/07/let-them-complain-southern-vermont-newspaper-buyer-dismisses-past-legal-problems/

it looks like BMFN's Owner is crazy to buy anything and everything,

it's also the time to pay what he collects (steal) from the whole world, please read the article above

hope it can help anyone has an issue to get back his money,

Nov 29, 2020 - 1 Star BMFN is over 10+ years in the market now, and know one knew from where it came or regulated anywhere and why they hiding now?

as they run away from China, Saudi Arabia and India, now they running from UAE, the company owner fail to handle the client withdrawals and he close the office door with a a message says "BMFN is closed and if you have an issue send to gmail " which is so funny, but a lot of people lost millions,

a lot of police cases opened in UAE but BMFN owner (PB) still lucky as clients did not went and open one public case, but they will.

BMFN.com is blocked is UAE, and also most of the BMFN's baby companies like, unitrader.com,eforex.com,swissfs.com and swissfxprime.com which already flagged by SCA in UAE,

actually they will never stop, and they going to continue in UAE with a new name,

as every day am getting a calls from BMFN's victims i want forexpeacearmy support to allow all of this people to put them stories fairly here, i believe this website is one of the highest voices,

below is just 3 accounts with more than half million, and they can reply and clear them side if they proceed with withdrawal , 6 months playing and tiring to reduce the amount until they start to open trades from them side to finish it, same time BMFN's employs trying to fix the client issue and take commission from him just to fix his issue or else they will not help the guy take HIS MONEY!!, who can believe this!!!

accounts,

33334634
33334710
33334735

hope people with the same issue now and i know they are a lot, to put them reviews asap, as by few days BMFN is running from UAE,
S
Sawalha1
DUBAI, United Arab Emirates,
Apr 29, 2021,
Registered user

Swissfx and BMFN scammed me

Service use: Live Length of use: over 1 Year
I originally started with swissfxprime everything was OK . After a while , swissfxprime changed the name to swissfs . I havent contacted them from December 2020 and was carrying my trades on MT4 until I notices that server has been changed without a notification . Tried to contact Swissfs but no luck whatsoever . Tried to log into my cabinet but it keeps rejecting my account and a message appears that my.bmfn.com is not available . It seems the swissfs works for bmfn and forwarded all client accounts to them . Tried to find a contact for bmfn in Dubai but again no luck . There is also no website for bmfn .
1 trader has found this review helpful
Forex Peace Army
Review moderation team note
You can find BMFN at www.bmfn.com
P
PuneetGarg
Dubai, United Arab Emirates (inside the offices of BMFN),
Dec 8, 2020,
Registered user

One of Best Broker in UAE (at least to work for)

Service use: Live Length of use: over 1 Year
I am using BMFN trading Platform since past 3 Years. They offers competitive spreads with no holding cost. They don't offer Agro commodities which is a negative thing but all the major instruments are available to trade.
Forex Peace Army
Review moderation team note
4 Star Rating removed. This is another review from the same IP previously used by an employee of BMFN.  It was also used to spam the FPA's forums for BMFN.

Per FPA policy, the rating on this review has been set to Zero stars.