BenchMark Finance is a multi-regulated and well-established online broker that offers a plethora of tradable assets, such as forex, commodities, cryptocurrency, stocks, indices, metals, and energies for trading online. They provide clients with the sophisticated MT4 and MT5 trading platforms, offering the latest innovative trading technologies with no dealing desk (NDD) execution. The BenchMark brand is operated by ‘BenchMark Finance’, which is part of the ‘BenchMark Group’. The Group was established in 2003 and has won several industry awards including the ‘Investment Intermediary of the Year’.
BenchMark Finance Review Introduction
In this BenchMark Finance review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including BenchMark Finance.
BenchMark Finance Platforms & Tools
MetaTrader 4 and MetaTrader 5 trading platforms are provided to BenchMark Finance’s clients. The platforms were developed by a Russian company — ‘MetaQuotes Software Corporation’. The MT4 is replete with essential trading tools, including 3 chart types, 9 timeframes, over 50 technical indicators and tools, Expert Advisors (EAs) for automated forex/CFD trading, and many other features. MT5 is very similar to the MT4 but has additional features and extended capabilities. Both the MT4 and MT5 platforms are available in the following formats:
WebTrader
This is a web-based platform that runs directly on most modern web browsers without the need to download or install any additional software.
Desktop Application
A downloadable and installable desktop application for Windows computers. It can be downloaded from the broker’s website.
MetaTrader Mobile Apps
These are free mobile apps that were developed for the Android and iOS devices, which can be used to manage accounts and place trades on the move. They can be downloaded from the respective app stores.
In addition to those provided on the MetaTrader platforms, the broker has a vast range of useful trading tools. They include the MetaTrader VPS (for those who use EAs or other trading systems), Market Sentiment, Economic Calendar, Financial Calculators, and Financial Radar.
BenchMark Finance Research & Education
The broker provides traders with a good selection of educational materials on its website. These include trading video tutorials, eBooks, and trading articles.
BenchMark Finance Trading Accounts
BenchMark Finance offers clients a choice of two account types, namely: The Retail account and the Professional Account. The former has a leverage of up 1:30 with a 50% stop out, whereas the latter offers leverage of up to 1:400 with a 30% stop out. The trading accounts are denominated in EUR or USD, with spreads starting from 0.1 pips. There are no minimum opening balances for each account type, and commissions are charged only for trading stocks.
BenchMark Finance Account Funding
The following account funding and withdrawal options are available at BenchMark Finance: bank cards, bank wire transfer, and intra-account fund transfers. The broker does not accept deposits from third parties, in adherence to the Anti-Money Laundering (AML) rules. Transaction processing time may vary, depending on the payment method used.
BenchMark Finance Customer Service
The broker offers a multilingual customer support team that works 24/5. They can be reached via telephone, email, and instant live chat. The broker is on social media: Facebook, YouTube, and Twitter.
BenchMark Finance Regulation
BenchMark Finance is regulated in multiple jurisdictions in different countries as follows:
- In the United Kingdom, BenchMark Finance is authorized and regulated by the Financial Conduct Authority (FCA), with license number 621564.
- In Spain, the broker is licensed by the Comision Nacional del Mercado de Valores (CNMV), with license number 4100.
- In Germany, the broker is licensed by Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFIN), with the I.D number 137282.
- In France, it is registered and regulated by Autorite des Marches Financiers (AMF), with the license number 75973.
- In Bulgaria, the broker is regulated by the Financial Supervision Commission (FSC), and it is also licensed under the Markets in Financial Instruments Directive (MiFID).
BenchMark Finance Review Summary
BenchMark Finance is a multi-regulated and established online broker that provides access to over 30,000 financial securities on the MT4 and MT5 trading platforms whilst offering tight spreads, competitive fees, and good execution speeds.
It is worth mentioning that some of the trading products and services in this BenchMark Finance review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the BenchMark Finance broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BenchMark Finance
Features
- Over 30,000 financial securities
- A good selection of trading tools
- MetaTrader platforms: MT4 and MT5
- A collection of educational materials
