BenchMark Finance is considered low-risk and can be summarised as trustworthy. BenchMark Finance trading involves spreads from 0.1 of point and commissions vary depending on the account tier selected. Leverage stretches from 1:400.
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 |
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 Fees & Spreads – 7 key points quick overview:
BenchMark Finance at a glance- BenchMark Finance Fees and Spreads
- BenchMark Finance Additional Trading Fees
- BenchMark Finance Broker Fees
- BenchMark Finance Pros and Cons
- BenchMark Finance Conclusion
- Frequently Asked Questions
BenchMark Finance Fees and Spreads
Spreads with Benchmark Finance start from 0.1 pips EUR/USD.
The broker offers a competitive and transparent spread list as well as commission-free trading on most financial instruments. Spreads and commissions with the broker will depend on the type of financial instruments as well as market conditions.
The following trading fees can be expected:
- Forex – spreads starting from 0.1 pips on EUR/USD and commission-free trading
- Stocks – commissions from $0.05 per share on a margin requirement of 10%
- Metals – spreads starting from $0.25 in gold trading and a margin requirement from 0.5%
- Oil – spreads from $0.01 in gas trading and $0.04 in oil trading and a margin requirement from 1%
- Indices – spreads from 0.5 pips and margin requirement from 0.5%
- Cryptocurrencies – spreads starting from $0.005, a professional margin requirement from 10%, and a retail margin requirement from 50%
BenchMark Finance Additional Trading Fees
Overnight fees or swap fees are usually charged when trading financial instruments such as forex, and positions are held for longer than a trading day.
This is not the case with Muslim traders that hold Islamic Accounts with brokers. Unfortunately, Benchmark Finance does not offer Muslim traders the option of converting a live trading account into that of an Islamic account.
Benchmark Finance also does not offer spread betting which means spread betting fees do not apply.
BenchMark Finance Broker Fees
With Benchmark Finance traders do not pay any deposit fees or withdrawal fees on any of the payment methods on offer with the broker.
It is not clear on Benchmark Finance’s website whether there are any additional broker fees such as currency conversion fees, inactivity fees or account maintenance and management fees charged.
Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
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 is considered low-risk and can be summarised as trustworthy. BenchMark Finance trading involves spreads from 0.1 of point and commissions vary depending on the account tier selected. Leverage stretches from 1:400.
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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
Frequently Asked Questions
How many instruments can I trade with Benchmark Finance?
You can trade the following financial instruments, namely forex, stocks, metals, oil, indices, cryptocurrencies, future and 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-spreads from 0.005 USD on Cryptocurrencies.
Does Benchmark Finance charge commission?
Yes. There are commissions charged on shares from $ 0.05 per share.
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 caters for both beginners and expert traders.
What is the overall rating out of 10 for Benchmark Finance?
8/10.
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