Score

2.22 /10
Danger

BMFN

Australia

Absconded

5-10 years

Regulated in United Kingdom

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

United Kingdom European Authorized Representative (EEA) Revoked

Suspicious Overrun

High potential risk

Influence

D

Better than 45.2% brokers
Open Account
Website

Score

License Index0.00

Business Index7.04

Risk Management Index0.00

Software Index8.69

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Influence

D

Better than 45.2% brokers
Website
Open Account

Licenses

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

Single Core

1G

40G

Open for free

Contact number

English

+359 2 401 26 36

Chinese (Simplified)

4006118610

Broker Information

More

Company Name

Boston Merchant Financial

Company Abbreviation

BMFN

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 6
Previous Detection : 2022-10-04
  • This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Absconded list; please be aware of the risk!
  • The number of this brokers's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

The withdrawal was unavailable.

I joined the BMFN agent in 2017.At first,the operation and the withdrawal were both normal.But the withdrawal ,$70,000 or so in total,was unavailable since 2018,Feburary.

2019-09-03 15:52
Unable to withdraw

BMFN give my hard-earned money back! ! !

My trading account is 77,385,829. I made an application for withdrawing money on March 28, 2018. The platform has not deducted the money from my balance and handle the application. Recently, I send them email but they always tell me to wait. On May 17, the Japanese platform suddenly locked my account and background, and closed the orders in my account, deducted $16,630 from the balance and cleared it. However, the funds have not been arrived my bank card, and the gold deduction note has also been made into parity wipe-out. The previous monthly withdrawal note is DC PayWithdrawal. I send emails from time to time every day requesting the platform to deduct the balance and remit to my card. But the platform uses the perfunctory words "patiently wait, wait for department approval, wait in line, etc." Is this reasonable, and the above-mentioned senior manager Wang Luchuan claimed that even if the platform was in trouble, we would have a compensation £50,000." But now she is missing. I hereby ask WikiFX help me to talk with BMFN’s person in charge, letting it to remit money to me. I believe WikiFX is an authoritative platform. Now the whole family’s hard-earned money is in it. There is no other source of income. Now the bank is overdue. Borrowing money everywhere to survive. I sincerely hope that you can help me. BMFN's doing is too chilling. Defraud investors... It has been half a year, and BMFN give my hard-earned money back! ! !

2018-07-15 01:40
6
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