BNDFIN (BDFIN.COM) is a forex broker that is located in the Marshall Islands and is allegedly owned by BNDFIN LTD. In the review below, we take an in-depth look at the features Bndfin.com allegedly offers. This review basically answers the question is Bndfin Legit? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about BNDFIN Forex Broker.
Table of Contents
Bndfin Trading Platform
BNDFIN claims to operate successfully around the globe and places great emphasis on providing professional and reliable services to all its customers.
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After going through BNDFIN Forex website, we found that the website to be hastily put together. It does not look professional or even well-designed. We also discover that this broker support the MT4, webtrader, Sirix trading platform. They offer assets such as Forex (with leverages up to 1:200) CFDs, Indices, Stocks, and Precious metals
Bindfin Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has
Bndfin Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The website states that customers can deposit with credit card, debit card, wire transfer, Visa, MasterCard, Skrill and Neteller.
This broker claims that they have no withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Bndfin Holdings Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Aside from the fact that bndfin doesn’t give any licensing information, we cannot ignore the fact that this Broker resides in the Marshall Islands. Marshall Islands is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the Hungarian Central Bank (MNB or Magyar Nemzeti Bank), FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with bndfin.com as they don’t give any valid information concerning if they are a regulated broker.
BNDFIN Forex Broker is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.