BenchMark Finance provides 1 account with 2 diffrent tiers, Retail account & Professional account. Demo account is also offered but not Islamic account. The minimum deposit amount of $0 USD / R 0 ZAR, leverage up to 1:400 and 0.1 minimum spread eur/usd
| 💠Feature | 📈 Retail Account Option | 📈 Professional Account Option |
| 💵 Minimum Deposit | $ 0 USD | $ 0 USD |
| 📌 Trading Instruments | forex, CFDs and precious metals | forex, CFDs and precious metals |
| 💰 Spreads | from 0.1 pips | from 0.1 pips |
| 📊 Leverage | 1:400 leverage | 1:400 leverage |
| 📌 Platforms | Available on MT4, MT5 | Available on MT4, MT5 |
Min Deposit
USD 0
Regulators
FSC, CNMV, BaFin, CONSOB, AMF
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
180
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BenchMark Finance Account types – 9 key points quick overview:
BenchMark Finance at a glance- BenchMark Finance Overview
- BenchMark Finance Account Types
- BenchMark Finance Account Features
- BenchMark Finance Demo Account
- BenchMark Finance Islamic Account
- BenchMark Finance Pros and Cons
- BenchMark Finance Conclusion
- Frequently Asked Questions
BenchMark Finance Overview
Benchmark Finance was established in 2003 and is headquartered in Bulgaria. The broker is a well-established STP and NDD broker, an investment intermediary and part of the Benchmark Group.
The investment intermediary is licensed by Financial Supervision Commission and under the Markets in Financial Instruments Directive, also known as MiFID.
Although the broker’s headquarters are in Bulgaria, Benchmark Finance has several other offices all over Europe. The broker is regulated and authorized by various regulatory entities depending on the jurisdiction that which it operates.
In Bulgaria, the regulating body is The Financial Supervision Commission (FSC), in Spain the National Securities Numbering Agency (CNMV), in Germany, it is the Germany Federal Financial Supervisory Authority (BaFin), in Italy the Italian Companies and Exchange Commission (CONSOB), in the United Kingdom the Financial Conduct Authority (FCA) and in France the France Financial Markets Regulator (AMF).
Client funds are kept with top-tier banks, separate from Benchmark Finance’s own funds, and the broker makes use of SSL to encrypt data before they are sent to the servers.
Benchmark Finance offers trading in over 30 000 financial securities on the international financial markets. This includes over 19 000 stocks on 36 world stock exchanges, over 200 futures contracts, over 180 currency pairs, 9000 CFDs, and many more.
Trading is offered through the popular and renowned MetaTrader 4 and MetaTrader 5 platforms on various devices that include desktop, web, windows, Android, and iOS.
Benchmark Finance only uses the latest innovative technology in addition to operating a No Dealing Desk, or NDD, which ensures that there are no requotes. The NDD model, also provides maximum transparency as well as accountability where trade executions are concerned.
Quotes are given directly from top liquidity providers, including 10 of the leading banks in the world. Benchmark Finance also uses the server infrastructure of the Equinox Data Centre in New York, which ensures optical networks which span across the globe.
Customers from the United States are not accepted as clients at Benchmark Finance.
BenchMark Finance Account Types
Benchmark Finance only offers traders a choice of one live account type, but it can be either opened as a single Retail Account or a Professional Account.
Although there are no other account types offered, both these accounts offer competitive trading conditions, comprehensive solutions, and services and come with dynamic features.
BenchMark Finance at a glance
| Broker's Name | Benchmark Finance |
| 🏛️ Headquartered | Bulgaria |
| 📅 Year Founded | 2003 |
| ⚖️ Regulating Authorities | FSC, CNMV, BaFin, CONSOB and AMF |
| ⏳ BaFin | Number 5279 |
| ⏳ CONSOB | Number 75973 |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 📎Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📌 Account types | One account for live trading |
| 📎 Commission | 0% deposit and withdrawal fees |
| 📎 Spreads | 0.1 minimum spread eur/usd |
| 📎 Leverage | 1:400 leverage |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 for retail and 1:400 for professional |
| 💰 Minimum Deposit | $ 0 |
| 💳 Deposit Options | Debit Cards, Credit cards, Bank Wire Transfer, Funds Transfer |
| 💳 Withdrawal Options | Debit Cards, Credit Cards, Bank Wire Transfer, Funds Transfer |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 |
| 📱 OS Compatibility | Web browsers, Windows, Linux iOS, Android |
| 📈 Tradable assets offered | Forex, Stocks, Metals, Oil, Indices, Cryptocurrencies, Futures and CFDs |
| 👨💼 Languages supported on Website | English, Russian, Turkish, Spanish, French, German, Chinese, Polish, Bulgarian |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
BenchMark Finance Account Features
Retail Account
The following features can be expected with this live account type:
- It can be used by beginners or more advanced traders
- No minimum deposit requirement
- Spreads typically start from 0.1 pips EUR/USD
- Maximum leverage of 1:30
- MetaTrader 4 or MetaTrader 5
- Stop-out level of 30%
- Trade on all available financial instruments
- Automatic execution
- Hedging without margin
- Access to Expert Advisors
- Access to real-time quotes
- No commission charges when trading forex, metals, oil, indices, and cryptocurrencies
Professional Account
The professional account has similar features as the Retail account but there are also differences like access to higher leverage, a stop-out level of 20%, and access to a variety of awards and loyalty bonuses from time to time.
To be able to register for a Professional Account, traders need to adhere to any two of the following criteria:
- Traders must have worked in a position for over a year which requires knowledge of Benchmark Finance’s transactions and services.
- Traders must own a portfolio consisting of both financial instruments and cash worth more than € 500 000 which includes savings, bank deposits, securities, and other portfolios.
- Traders must have made an average of ten trades of significant volume in the past four quarters. This includes volumes that have been traded with other investment intermediaries in the country and/or internationally.
Professional traders are treated differently than retail traders as they are assumed to have accumulated adequate knowledge and experience in managing and mitigating their risks.
BenchMark Finance Demo Account
Traders have the option with Benchmark Finance of opening a Demo Account which can be utilized in several ways, such as:
- For beginner traders who wish to improve their trading skills and experience, it is a practice account that can be used in a risk-free environment using virtual funds.
- More advanced traders can utilize the Demo Account to evaluate and compare brokers and would like to explore Benchmark Finance’s trading conditions in a risk-free environment.
- Any traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital can make use of a Demo Account.
With Benchmark Finance the demo account has access to all the financial instruments on offer. Virtual funds up to $ 100 000 is available and they can trade in real-time market conditions.
Customer support is available 24/5 and traders can also make use of various free educations tools and resources.
Trading is done on the MetaTrader 5 platform and once you are registered, traders can make use of either the Web portal, desktop version, or the mobile app.
BenchMark Finance Islamic Account
An Islamic Account caters specifically to Muslim traders who strictly follow Sharia law. This law prevents its Muslim followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are usually charged when traders hold positions open for longer after the trading day has concluded. Clients who hold an Islamic Account is exempt from such fees, or interest, should they hold positions open for longer.
Unfortunately, traders do not have a choice of opening an Islamic Account with Benchmark Finance as it does not offer this option.
BenchMark Finance Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account offered | Limited account currencies accepted |
| Offers commission-free trading on most financial instruments | Limited payment methods |
| Offers tight spreads | No Islamic Account offered |
| Over 30 000 financial instruments to trade with | No US clients accepted |
| Trading done on MetaTrader 4 and MetaTrader 5 | Restricted leverage for retail clients |
| Well-regulated though various regulatory entities in the European jurisdiction | No referral bonus offered |
| Offers competitive and attractive trading conditions | No welcome bonus, deposit bonus, and no other broker bonuses offered with first time sign up |
| Can access all free educational resources on offer | Demo account expires after 30-days |
| Demo account sign-up fully digital | Only offer MetaTrader 5 for demo account offered |
| Have access to all tradable financial instruments | |
| Offers adequate virtual funds and have an option to add more | |
| Sign-up completed in minutes |
BenchMark Finance Conclusion
BenchMark Finance provides 1 account with 2 diffrent tiers, Retail account & Professional account. Demo account is also offered but not Islamic account. The minimum deposit amount of $0 USD / R 0 ZAR, leverage up to 1:400 and 0.1 minimum spread eur/usd
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Frequently Asked Questions
Trading environment
How many instruments can I trade with Benchmark Finance?
You can trade the following financial instruments:
- Forex
- Stocks
- Metals
- Oil
- Indices
- Cryptocurrencies
- Futures
- CFDs
Which platforms are supported by Benchmark Finance?
MetaTrader 4 and MetaTrader 5.
Does Benchmark Finance offer leverage?
Yes. Retail clients have access to leverage up to 1:30 while professional clients have leverage up to 1:400.
What spreads can I expect with Benchmark Finance?
- Spreads from 0.1 pips EUR/USD on Forex.
- Spreads from $ 0.25 in gold trading.
- Spreads from $ 0.04 in oil trading and $ 0.01 in gas trading.
- Spreads from 0.5 pips on Indices.
- An average spread from 0.005 USD on Cryptocurrencies.
Does Benchmark Finance charge commission?
Yes. There are commissions charged on shares from $ 0.05 per share.
Are there additional charges on the Islamic account?
No. Benchmark Finance does not offer the option for an Islamic Account.
Is Benchmark Finance regulated?
Yes. Benchmark Finance is strictly regulated by FCA, CNMV, AMF, and BaFin.
Is Benchmark Finance a recommended forex trading broker for experts and beginners?
Yes. Benchmark Finance offers a trading environment for both beginners and expert traders.
What is the overall rating out of 10 for Benchmark Finance?
8/10.
Accounts
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Benchmark Finance offer a demo account?
Yes. The broker does offer a demo account that has the same features as the live account.
For how long is the demo account valid?
The demo account is valid for 30-days.
Does Benchmark Finance offer the option of an Islamic Account?
No. Benchmark Finance does not offer Muslim traders with the option of an Islamic Account.
Which live trading accounts does Benchmark Finance offer?
Benchmark Finance only offers a single retail and professional account.
What are the available deposit currencies for a live trading account?
EUR and USD.
Deposits and withdrawals
What is the minimum deposit for Benchmark Finance?
$ 0.
How do I make a deposit and withdrawal with Benchmark Finance?
- Debit cards
- Credit card
- Bank wire transfer
- Fund’s transfer
Does Benchmark Finance charge withdrawal fees?
No. However, traders should take note that fees from financial institutions may apply.
How long does it take to make a withdrawal?
Benchmark Finance indicates that all withdrawals, despite the payment method, takes up to 30 minutes to process.
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