BenchMark

seejay

1-2 años

What trading instruments can I use on BenchMark?

WikiFX Respuesta

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.

Broker Issues

BenchMark

Leverage

Account

Platform

Instruments

08-14

Estados Unidos

Franko Knavs

1-2 años

Is BenchMark safe and legit for me to trade with?

WikiFX Respuesta

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.

Broker Issues

BenchMark

Regulation

07-23

Estados Unidos

Xxpro

1-2 años

What are the pros and cons of trading with BenchMark?

WikiFX Respuesta

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.

Broker Issues

BenchMark

Regulation

07-15

Estados Unidos

Rpy Sundram

1-2 años

Can I know the details about the BenchMark fees?

WikiFX Respuesta

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.

Broker Issues

BenchMark

Fees and Spreads

07-14

Estados Unidos