Score

2.06 /10
Danger

BenchMark

Bulgaria

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

C

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Score

Regulatory Index0.00

Business Index7.15

Risk Management Index0.00

Software Index7.51

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BenchMark Finance

Company Abbreviation

BenchMark

Platform registered country and region

Bulgaria

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Warning: Low score, please stay away! 5
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 621564) claimed by this broker is suspected to be clone. Please be aware of the risk!

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BenchMark · Company summary

General Information & Regulation

BenchMark Finance is an investment intermediary, part of the BenchMark Group, established in 2003. BenchMark Finance provides investment services for more than 30,000 financial securities transactions on the international financial markets, including more than 19,000 stocks on 36 world stock exchanges, more than 200 futures contracts, and more than 9,000 CFDs. BenchMark Finance is licensed to offer investment services on the territory of Spain (Number 4100) by Spain National Securities Numbering Agency (CNMV), on the territory of Germany (ID 137382) by Germany Federal Financial Supervisory Authority (BaFin), on the territory of Italy (Number 5279) by Italian Companies and Exchange Commission (CONSOB), on the territory of France (Number 75973) by France Financial Markets Regulator (AMF) and other members of the European Union.

Market Instruments

Tradable financial products available for trading on the BenchMark platform include Forex currency pairs, stocks, gold, silver, oil & gas, cryptocurrencies, and indices.

Minimum Deposit

The BenchMark platform offers only one live account and one demo account for investors to practice, with minimum initial deposit not fully disclosed.

BenchMark Leverage

In respect to trading leverage, the maximum leverage level for forex trading offered by BenchMark is up to 1:400. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Forex spreads start at 0.1 pips, and gold spreads start at $0.25, with no additional trading commissions. Oil spreads start from $0.04, and gas spreads from $0.01 with no additional trading commissions. The stock trading commission is $0.05 per share. The average spread for Bitcoin is $56, for Ether is $3 and for Litecoin is $0.75.

Trading Platforms

BenchMark offers traders the MT4 & MT5 trading platforms available today. MT4 is the best trading platform for trading currency pairs, stocks, metals, commodities, and indices for PC, MAC, mobile, and tablets with easy-to-use charts, custom scripts, indicators, and expert advisor compatibility. It has all the positive features of MT4 with two new modes, namely hedging and netting, and compatible with desktop, mobile, and web versions.

Deposit & Withdrawal

BenchMark supports traders to deposit funds to their investment accounts via bank cards/debit cards, bank transfers, and inter-account fund transfers, with no fees for both depositing and withdrawing funds with processing time within 30 minutes.

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菠萝
more than one year
The broker claims to be regulated by multiple regulatory agencies at the same time, and it is ridiculous that none of the licenses is legitimate, all of which have been questioned as clones. There are too many such brokers in the foreign exchange market. Please carefully review their backgrounds before trading.
The broker claims to be regulated by multiple regulatory agencies at the same time, and it is ridiculous that none of the licenses is legitimate, all of which have been questioned as clones. There are too many such brokers in the foreign exchange market. Please carefully review their backgrounds before trading.
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2022-11-27 13:14
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张雅琪 15810128397
more than one year
He operado con benchmark durante aproximadamente un mes y hasta ahora estoy muy satisfecho. Elegí la plataforma MT4 porque estoy más familiarizado con MT4. Esta empresa también proporciona MT5, por lo que benchmark sigue siendo muy competitivo en términos de plataforma. Además, los recursos educativos que proporciona también me pueden permitir aprender muchos conocimientos.
He operado con benchmark durante aproximadamente un mes y hasta ahora estoy muy satisfecho. Elegí la plataforma MT4 porque estoy más familiarizado con MT4. Esta empresa también proporciona MT5, por lo que benchmark sigue siendo muy competitivo en términos de plataforma. Además, los recursos educativos que proporciona también me pueden permitir aprender muchos conocimientos.
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2022-11-21 18:11
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