According to reviews of their clients BMFN is a scam broker that supposedly gives traders access to the market.
BMFN Official Page
It’s enough to look only at their official website where they offer to download and install the Meta Trader 4 trading platform used by most forex scammers.
About regulation of BMFN is not much said – the scammers only write that they have a license from Vanuatu Financial Services Comission issued by another country offshore. We remind you if a broker wants to provide financial services, it needs a license from the local regulator.
BMFN has dubious regulation
In addition, BMFN does not provide any information regarding its leadership that allows them to steal money from people and not be punished. Scammers use this approach for security purposes and offshore registration is the best proof of this.
Regarding contact information BMFN does not provide any data, the site has only a feedback form. If you need urgent intervention in the trading process, it is unlikely that they will help you with something. Most likely they steal all your money quickly.
But this scam broker managed to deceive a lot of clients. A popular forum about brokers has added this broker to its blacklist due to complaints from traders.
Do you still doubt that this broker is a scam?
We found a lot of reviews from real customers about their experience with this broker who claim about the fraudulent actions of this broker.
Based on all the above, we do not recommend this broker. We assume that if you are reading this article, you are looking for reliable brokers – we have a list of trusted brokers for you. So, if you have faced the fraud, our team of lawyers is ready to help you return the money.