https://bmfn.com/
Website
A Visit to BMFN in New Zealand - Fake Address
It is ascertained by the investigation staff that the address of BMFN is inconsistent with that from the regulatory information. Notwithstanding the broker’s FCA EEA licence, it simultaneously overruns the business scope regulated by FSPR and ASIC. In light of the situation.
BMFN Has Moved Away in Australia
The inspection team found that BMFN and eForex have the same contact information. It is said that BMFN has moved to Level 17, 9 Castlareagh Street. The team will visit the site later.Please be wary of the broker.
A Visit to BMFN in New Zealand - Fake Address
It is ascertained by the investigation staff that the address of BMFN is inconsistent with that from the regulatory information. Notwithstanding the broker’s FCA EEA licence, it simultaneously overruns the business scope regulated by FSPR and ASIC. In light of the situation.
BMFN Has Moved Away in Australia
The inspection team found that BMFN and eForex have the same contact information. It is said that BMFN has moved to Level 17, 9 Castlareagh Street. The team will visit the site later.Please be wary of the broker.
| BMFN Review Summary | |
| Founded | 1988 |
| Registered Country/Region | Australia |
| Regulation | FCA (Revoked), FSPR/ASIC (Unverified) |
| Market Instruments | Forex, Indices, Equities, ETFs, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | 1.4 pips on most majors |
| Trading Platform | / |
| Minimum Deposit | $50 |
| Customer Support | Contact Form |
| Email: Support@bmfn.com | |
| Headquarters Address: Pango Road, Waves at Surfside-Villa 9, Port Vila, Vanuatu | |
Founded in 1988, BMFN is an unregulated broker registered in Australia, offering various trading instruments including forex, indices, equities, ETFs, and commodities, with leverage up to 1:400. The minimum deposit is $50.

| Pros | Cons |
| Long history | No valid regulation |
| Segregated accounts | No MT4/MT5 |
| Various trading instruments | |
| Demo accounts available | |
| Low minimum deposit | |
| Popular payment methods | |
| No deposit/withdrawal fees |
BMFN claims to offer segregated client trust accounts with AA Rated banks. However, it currently has no valid regulations. It only holds a revoked FCA license and unverified FSPR and ASIC licenses. Please be aware of the risk!
| Regulated Country | Regulated by | Licensed Entity | Licensed Type | Licensed Number | Regulatory Status |
| UK | Financial Conduct Authority (FCA) | EMIRATES WEALTH EAD | European Authorized Representative (EEA) | 550785 | Revoked |
| New Zealand | Financial Service Providers Register (FSPR) | AUSTRALIAN MUTUAL FUNDS EXCHANGE PTY LTD | Financial Service Corporate | 328066 | Unverified |
| Australia | Australia Securities & Investments Commission (ASIC) | OKX AUSTRALIA FINANCIAL PTY LTD | Investment Advisory License | 379035 | Unverified |



| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Equities | ✔ |
| ETFs | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |

BMFN offers demo accounts and live accounts. You can open up to 3 trading accounts with BMFN.
BMFN offers a leverage ratio up to 1:400 (default leverage is 1:200). Please note that high leverage can amplify not only profits but also losses.
| Asset Class | Maximum Leverage |
| Forex | 1:200 |
| Indices | 1:33 |
| Equities | 1:10 |
| ETFs | 1:10 |
| Commodities | 1:33 |
BMFN charges no commissions, instead, the spread is all you pay. As it claims on their homepage, spread on most majors is 1.4 pips.

BMFN accepts payments via Bank Wire, Credit cards, Skrill, China Union and more.
The minimum deposit requirement is $50, but there are no minimum withdrawal requirements.
BMFN does not charge any fees for deposits and withdrawals. The only fees that are charged are the bank fees (third party fees) which depend on every bank policy. Bank wire commission is $50 per transaction.
Withdrawal/Deposit are processed within the first 24 hours after receiving the request. It takes between 3 to 5 working days for a Bank Wire to be received in general.
Note that funds deposited via Credit Card are not available for withdrawal for a period of thirty (30) calendar days.


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高倩
Hong Kong
I joined the BMFN agent in 2017.At first,the operation and the withdrawal were both normal.But the withdrawal ,$70,000 or so in total,was unavailable since 2018,Feburary.
Exposure
2019-09-03
FX6059266241
Hong Kong
My account is 77374327. I applied for a withdrawal in March. The service told me I was in line. Later I heard about they will close their Shanghai office. They were delaying me. Now the only thing I can do it sending them emails. They keep me waiting instead of respond me. I can still trade, but I can’t withdraw. I know their Dubai office is running. So I hope WikiFX will help me settle this thing down.
Exposure
2019-01-04
汇盈天系统全国总部
Hong Kong
Come and join us.
Exposure
2018-10-16
FX8879888274
Hong Kong
My trading account is 77,385,829. I made an application for withdrawing money on March 28, 2018. The platform has not deducted the money from my balance and handle the application. Recently, I send them email but they always tell me to wait. On May 17, the Japanese platform suddenly locked my account and background, and closed the orders in my account, deducted $16,630 from the balance and cleared it. However, the funds have not been arrived my bank card, and the gold deduction note has also been made into parity wipe-out. The previous monthly withdrawal note is DC PayWithdrawal. I send emails from time to time every day requesting the platform to deduct the balance and remit to my card. But the platform uses the perfunctory words "patiently wait, wait for department approval, wait in line, etc." Is this reasonable, and the above-mentioned senior manager Wang Luchuan claimed that even if the platform was in trouble, we would have a compensation £50,000." But now she is missing. I hereby ask WikiFX help me to talk with BMFN’s person in charge, letting it to remit money to me. I believe WikiFX is an authoritative platform. Now the whole family’s hard-earned money is in it. There is no other source of income. Now the bank is overdue. Borrowing money everywhere to survive. I sincerely hope that you can help me. BMFN's doing is too chilling. Defraud investors... It has been half a year, and BMFN give my hard-earned money back! ! !
Exposure
2018-07-15
FX8879888274
Hong Kong
My account number:77385829 I applied for the withdrawal on March 28th,2018,while it hasn’t been received yet.The email I sent was always said to be in the queue.On May 17th,my account was blocked,in which all my orders were cleared.The withdrawal was unavailable.And the note was equity wipe-out,which was DC PayWithdrawal before.the platform always replied to my email with “please wait patiently”,in a frivolous way.I want to ask whether it is legit.But the leader claimed that even the platform collapses,we will get a compensation of 50000 pound.Now he disappear.I require the platform staff deal the withdrawal process for me.It is all my hard-earned money with my family.There are no other sources of life. Now the bank loan is overdue.We are borrowing money to survive.Sincerely hope that you can help. BMFN's approach is too chilling,which hurt investors...
Exposure
2018-07-14
FXTM 富拓
Hong Kong
It can be clearly seen from the BMFN website https://www.ebmfn.com/ that the platform has issued a notice of restructuring and announced the withdrawal from the Chinese foreign exchange market, but there are many doubts. I understand that a normal company or platform vendor’s reconstruction will not affect customers normal deposit or withdrawal or related transaction operations. However, the customers of BMFN platform reported that they can't withdraw, which is not difficult for us to see the seriousness of the problem. If it is a formal platform or a company, as long as the official website can be opened normally, even if it is facing a crisis of bankruptcy, it will not restrict or interfere with the customer's deposit and withdrawal operations. This behavior of the BMFN platform is a serious illegal operation.
Exposure
2018-03-02