Score
Bulgaria
|
5-10 years
| https://benchmark.bg/
Website
Rating Index
MT4/5
Full License
BenchMark-Demo
Influence
C
Influence index NO.1
Bulgaria 3.53
MT4/5 Identification
Full License
IrelandInfluence
C
Influence index NO.1
Bulgaria 3.53 Bulgaria
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
benchmark.bg benchmarkru.com benchmarkfx.es benchmarkfx.fr benchmarkfx.de benchmarkfx.ru| BenchMark Review Summary | |
| Founded | 5-10 years |
| Registered Country/Region | Bulgaria |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, cryptocurrencies, stocks, ETFs, metals, oil & gas, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 0.6 pips |
| Trading Platform | MT4/MT5 |
| Minimum Deposit | / |
| Customer Support | Telephone: +359 2 962 54 05, +359 2 962 57 95 |
| Email: office@benchmark.bg, markets@benchmark.bg | |
| Facebook/Twitter/LinkedIn/TikTok/Instagram/YouTube | |
| Live chat | |
Established in 2003 and part of the BenchMark Group, BenchMark Finance is an investment intermediary. Specializing in brokerage services for trading financial instruments across international markets, with a maximum leverage of 1:400 including currency pairs, stocks, commodities, stock indices, funds, futures, and more. The firm also facilitates trading on the Bulgarian Stock Exchange for assets such as stocks, bonds, compensation notes, and compensation vouchers. The minimum spread is from 0.6 pips. However, BenchMark is still risky due to its Suspicious Clone status.
| Pros | Cons |
| Demo account available | Suspicious clone licenses |
| 24/5 customer support | Lack of account information |
| Various tradable instruments | |
| MT4/MT5 available | |
| No deposit and withdrawal fees |
| Regulated Country | Current Status | Regulated Authority | License Type | License Number |
 | Suspicious Clone | The Autorité des Marchés Financiers(AMF) | Retail Forex License | 75973 |
 | Suspicious Clone | Federal Financial Supervisory Authority (BaFin) | Retail Forex License | 137382 |
 | Suspicious Clone | Financial Conduct Authority (FCA) | European Authorized Representative (EEA) | 621564 |
 | Suspicious Clone | Comisión Nacional del Mercado de valores (CNMV) | Retail Forex License | 4100 |
BenchMark offers a wide range of market instruments, including forex, cryptocurrencies, stocks, ETFs, metals, oil & gas, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Oil & Gas | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| ETFs | ✔ |
| Indices | ✔ |
| Options | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
BenchMark has two account types: a demo account and a live account. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Supported |
| Demo account | ✔ |
| Live account | ✔ |
The spread is from 0.6 pips. The lower the spread, the faster the liquidity.
The maximum leverage is 1:400, meaning that profits and losses are magnified 400 times.
BenchMark cooperates with the authoritative MT4 and MT5 trading platforms available in Desktop(Windows/MacOS), Mobile(Android/iOS), and Web to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop/Mobile/Web | Begginers |
| MT5 | ✔ | Desktop/Mobile/Web | Experienced traders |
Traders can fund their accounts via debit/credit cards for free, with 24/7 processing on working days. Wire transfers are also fee-free, processed on working days between 07:00-14:45 GMT. Client account fund transfers are accepted anytime, but executed within the same working-hour window. For withdrawals, bank wires are available 24/7 and processed on business days between 07:00-14:45 GMT.
| Deposit Options | Fees | Processing Time |
| Bank Cards | 0% | Up to 30 min |
| Wire Transfer | 0% | Up to 30 min |
| Transfer | 0% | Up to 30 min |
| Withdrawal Options | Fees | Processing Time |
| Bank Wire | 0% | Up to 30 min |
| Transfer | 0% | Up to 30 min |
With Benchmark broker, you can trade a variety of instruments including forex, cryptocurrencies, stocks, ETFs, metals, oil & gas, and indices. This diverse range of assets provides ample opportunity to build a varied trading portfolio. However, considering that the broker is unverified, I would suggest exercising caution when using these instruments. In my benchmark review, I would recommend checking if the execution and spreads are as favorable as they appear when trading such diverse assets.
From a safety perspective, benchmark broker is risky due to its unverified status. A broker that lacks proper regulation often doesn’t have the same level of oversight, which could potentially lead to misuse of funds or unethical trading practices. While their benchmark trading platform may appear legitimate, and they offer features like no deposit fees and low spreads, the benchmark platform could still carry underlying risks that are not visible at first glance. In my personal opinion, until they get verified by a credible regulatory authority, I would hesitate to invest significant funds with them.
In my benchmark review, I found that BenchMark offers some interesting pros, such as a benchmark demo account for practice, and a wide range of instruments, from forex to cryptocurrencies and commodities. The availability of benchmark trading platforms like MT4 and MT5 also provides flexibility for both beginner and experienced traders. However, the biggest con is its unverified status. This means that while BenchMark might offer competitive features, there’s no guarantee of customer protection, and that leaves the door open for potential issues related to withdrawals or platform stability. If you plan to use benchmark login to access your account, I recommend doing so cautiously until the regulatory status is clearer.
Benchmark broker provides relatively low fees, with spreads starting from 0.6 pips, which is quite competitive within the industry. Furthermore, there are no deposit or withdrawal fees, which can be appealing for traders looking to avoid additional charges. However, despite these attractive features, it’s essential to remember the unverified status of the broker. In my benchmark review, I would advise potential traders to stay vigilant, as the lack of regulation may lead to changes in fee structures down the road. Before making a benchmark login, I would personally verify all costs directly with customer support to avoid any surprises in the future.
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