BenchMark Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 18:44

Abstract：BenchMark is a broker. The tradable instruments with a maximum leverage of 1:400 include forex, indices, stocks, cryptocurrencies, metals, ETF, and oil&gas. The broker also provides live and demo accounts. The minimum spread is as low as 0.6 pips and the minimum deposit is 0. BenchMark is still risky due to its suspicious clone status.

BenchMark Review Summary
Founded	2016-05-30
Registered Country/Region	Bulgaria
Regulation	Suspicious Clone
Market Instruments	Forex/Indices/Stocks/Cryptocurrencies/Metals/ETF/Oil&gas
Demo Account	✅
Leverage	Up to 1:400
Spread	0.6 pips
Trading Platform	MT4/MT5(Desktop/Mobile/Web)
Min Deposit	0
Customer Support	Phone: +359 2 962 54 05
	Phone: +359 2 962 57 95
	Email: office@benchmark.bg
	Email: markets@benchmark.bg
	Facebook/Twitter/LinkedIn/YouTube/Tiktok/Instagram
	Live chat

BenchMark Information

　　BenchMark is a broker. The tradable instruments with a maximum leverage of 1:400 include forex, indices, stocks, cryptocurrencies, metals, ETF, and oil&gas. The broker also provides live and demo accounts. The minimum spread is as low as 0.6 pips and the minimum deposit is 0. BenchMark is still risky due to its suspicious clone status.

Pros and Cons

Pros	Cons
Leverage up to 1:400	Suspicious Clone
24/5 customer support	Island account unavailable
MT4/MT5 available
Spread as low as 0.6 pips
Demo account available
Various tradable instruments

Is BenchMark Legit?

　　BenchMark is regulated by AMF with license number 75973, BaFin with license number 137382, FCA with license number 621564, as well as CNMV with license number 4100, but the current status is 'suspicious clone'.

What Can I Trade on BenchMark?

　　BenchMark offers a wide range of market instruments, including forex, indices, stocks, cryptocurrencies, metals, ETFs, and oil and gas.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Metals	✔
ETF	✔
Oil&gas	✔
Commodities	❌
Shares	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　BenchMark has two account types: live account and demo account. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type	Supported
Live account	✔
Demo account	✔

BenchMark Fees

　　The spread is as low as 0.6 pips. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

　　BenchMark cooperates with the authoritative MT4 and MT5 trading platforms available in iOS, Android, and Web to trade. Junior traders prefer MT4 over MT5, while traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop/Mobile/Web	Junior traders
MT5	✔	Desktop/Mobile/Web	Experienced traders

Deposit and Withdrawal

　　BenchMark accepts Bank Wire, Visa, MasterCard, and Maestro for deposit and withdrawal. The processing times are up to 30 minutes and associated fees are 0%.