This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
BMFN Review
BMFN is a Vanuatu regulated forex broker whose cited Australian and New Zealand license numbers appear to belong to different, unrelated companies.
Min Deposit
$100
Spreads From
1.4 pips (broker advertised)
Max Leverage
Not independently confirmed
Platforms
MetaTrader 4, UniTrader
Pros
- Holds an active Vanuatu VFSC license under number 40202
- Offers MetaTrader 4 plus its own UniTrader and WebTrader platforms
- Advertises a low $100 minimum deposit for new accounts
- Provides live market news and real time price quotes on its site
Cons
- Independent reviewers say its ASIC license number belongs to another firm
- Its cited New Zealand FSPR number is also linked to a different company
- A WikiFX field visit could not find BMFN at its listed New Zealand office
- Vanuatu is an offshore regulator with much weaker trader protection
- No confirmed license exists with any top tier regulator like the FCA
BMFN Limited is a forex and CFD broker based in Vanuatu. The company says it has served traders since 1988, though that date describes company marketing rather than a confirmed registration record. It offers MetaTrader 4 alongside its own UniTrader platform, with spreads advertised from 1.4 pips and a $100 minimum deposit.
The Vanuatu Financial Services Commission lists BMFN Limited under license number 40202 with an active Class C status. This is a real license, but Vanuatu regulation gives traders far less protection than a regulator like the FCA or ASIC.
Independent reviewers, including a WikiFX field visit, report that the Australian and New Zealand license numbers BMFN references belong to different, unrelated companies, and that its listed New Zealand office could not be found at the stated address. Treat any claim of Australian or New Zealand regulation here with real caution.
Min. Deposit
USD 100
Max Leverage
Not independently confirmed
Spreads From
1.4 pips (broker advertised)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
