✔️ Information reviewed and updated in September 2024 by Eduardo López
IS BFM RELIABLE? REVIEWS
In this post I will analyze BFM (with website finbinance.com) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I believe that BFM is an UNSAFE company AND I CONSIDER IT UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | BestProducts Ltd. |
| ???? Address | Bulgaria. |
| 📄 Attend the event | Not mentioned |
| 🛡️ Regulapain | Not mentioned |
| ️ ️ Phone | + 44 203 966 0600 | + 43 720 883 111 |
| No [email protected] | [email protected] | |
| 🌐 Website | finbinance.com |
| ???? Live Chat | Yes |
| 💳 Payment methods | Credit card, cryptocurrencies |
| ❓ Company type | broker of Forex, Cryptocurrencies and CFDs. |
📞 LIST OF PHONE NUMBERS:
+ 44 203 966 0600 | + 43 720 883 111
💰 DEPOSITS AND ACCOUNTS:
Here is a brief analysis of the types of plans that BFM offers; they are divided into 6 plans. Here is a table with a little more information about the minimum deposits by type of plan.
| TYPE OF PLANS | MINIMUM INITIAL DEPOSIT |
|---|---|
| ACCOUNT BASIC | $250 |
| BRONZE ACCOUNT | $1.000 |
| SILVER ACCOUNT | $5.000 |
| GOLD ACCOUNT | $10.000 |
| PLATINUM ACCOUNT | $50.000 |
| BLACK ACCOUNT | only for exclusive clients. |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Unfortunately, we were unable to acquire information regarding the domain registration “finbinance.com"
- The website mentions which company it belongs to, but I have not been able to find “BestProducts Ltd.” in company records. I think it may be a fake company.
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company.
⭐ BFM REVIEW:
After conducting an analysis of the company, I have reached the following conclusions:
- The company is located in an unsafe location, namely Bulgaria.
- There is no mention of its regulation, which indicates that it is an UNREGULATED company.
- Unfortunately, we were unable to obtain information about the domain registration “finbinance.com”.
- The company has a very bad reputation on the Internet, as I have found several complaints from customers.
“To be honest with you, I would not invest in this type of company that is not regulated and also mentions belonging to “Best Products Ltd“which appears to be a fake company. I honestly cannot recommend such a company.”
💬 WHAT TO THINK ABOUT A COMPANY LIKE BFM?:
BFM is a broker specializing in Forex, cryptocurrencies, and CFDs, which presents itself as part of BestProducts Ltd. Based in Bulgaria, BFM does not provide information about its regulation, which raises concerns about its legitimacy. This is a crucial aspect to consider for potential investors, as trading with an unregulated broker can carry significant risks.
As for the account types offered by BFM, there are six different options: Basic Account, Bronze Account, Silver Account, Gold Account, Platinum Account, and Black Account. The Basic Account requires a minimum initial deposit of $250 and includes features such as 24/6 support, an education center, and access to top assets. On the other hand, premium accounts, such as the Bronze Account and Silver Account, require deposits of $1,000 and $5,000, respectively, and offer additional benefits such as an account manager and a higher minimum lot size.
Gold and Platinum accounts, with minimum deposits of $10,000 and $50,000 respectively, provide more advanced services such as custom strategies and VIP signals. The Black Account is reserved for exclusive clients. BFM uses the Finbinance and MT4 platform for trading, allowing users to access various trading tools and resources. However, despite the variety of account and platform options, the lack of regulation and customer complaints about its online reputation are factors that should be carefully considered by those interested in investing.
📣 LATEST UPDATES:
1) May 2021 Update: Spain's financial regulator CNMV has reported BFM for fraudulent activities.
✔️ CLAIM MONEY FROM BFM:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT BFM:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
BFM is an investment company in Forex, Cryptocurrencies and CFDs.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
BFM is a company that I consider UNRELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
I've been trying to withdraw the money for many days but I can't. Has anyone been able to?
Hello Luciana, this broker called BFM - finbinance is a SCAM, many investors have denounced BFM - finbinance for fraudulent activities, it is not advisable to invest money in a NON-REGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE !.
We recommend that all those affected try to recover the money through companies specialized in this type of management from the CHAT that we have on the web or in the following link:Get your money back, we are on your side
Greetings.