Bestec Networks FX (BNFX) is committed to bringing tight spreads and fast execution to the masses through the Integral FX Grid, a global inter-institutional network that connects leading market-making banks to currency market participants.
A True ECN/STP Forex Broker
BNFX runs a true No Dealing Desk model by offering two types of accounts for today's online Forex traders: STP (Straight Through Processing) accounts charge no commission but compensate the broker through competitive spread mark-ups, while ECN (Electronic Communications Network) accounts charge a low commission rate for clean pricing and optimal execution times.
Freedom of Choice for Forex Traders
BNFX is about offering freedom of choice to FX traders everywhere. Tight interbank spreads and fast execution are no longer exclusive to the market's elite. We offer MetaTrader (MT4), the world's most popular retail FX trading platform, connected to institutional liquidity via Integral's own MT4 Bridge to the FX Grid network. We also offer Integral's own Power Trader platform, connected directly to the FX Grid network without the need for a server bridge, with true one-click trading and compatibility with the most popular programming languages used for automated trading (Expert Advisors) and custom indicators, including: MT4-compatible MetaQuotes Language (MQL4 and MQLII), EasyLanguage (TradeStation), ProTraderLanguage (PTL), C#, and Visual Basic NET.
Scalping and Expert Advisors Allowed
BNFX allows scalping, Expert Advisors (and all other forms of automated trading systems and algorithms), and hedging with no dealing desk. BNFX offers a wide variety of convenient online fund transfer methods including Moneybookers, Perfect Money, Credit and Debit cards, as well as international bank wire transfers (SWIFT) and more.
An Integral TrueFX Partner
As a regulated financial service provider and an Integral TrueFX partner broker, BNFX is able to offer institutional trading conditions with no conflict of interest. Whether you're an individual trader just starting out or an experienced trading group or start-up white label brokerage looking for a prime broker, BNFX can provide you with a market leading solution.
|Address||L20 188 Quay Street, Auckland Central, Auckland, 1010, New Zealand|
|24 hour support|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||0.1-3|
|Standard account, $||250|
|Mini account, $||100|
|Other payment methods|
|Popular payment methods||Moneybookers, Perfect Money, Credit Card, Wire Transfer, OKPay, PayPal|
|Account currencies||EUR, USD, GBP|
|Platforms||MetaTrader 4 (MT4), Integral Power Trader|
I have a real account since 2011. Broker is not perfect, but it's definitely working on improving all services. I don't wanna make review about this firm, but i remember a few events of margin call, bnfx didn't close all positions, giving me an advantage while avoiding large expenses to re-enter positions after depositing required funds. I also think it is a good firm for trading on news by using limit orders. Spread is wide but not that much to lose opportunities of market conditions.
Hey, Jim. You have nothing to worry about size of the company. It is not actually a big problem. You've better focus mostly on your own trading method and money management. You won't have requotes or wide spreads. I have a very positive experience and will move all my funds from another broker to this one. Remember, that it's regulated company. You have quick withdrawal and account opening process. Very fast to make deposits. I don't want to recommend this broker, but I don't regret about my choice and feel comfortable trading through bnfx.
It looks like a small brokerage firm. I'm looking for some reliable broker to open an account. As I said, bnfx looks like a company that has standard and ECN types of accounts. In support, manager said that they have no commissions if I have STP account. He also told me that company holds all funds in segregated accounts and there is no risk of my deposit. After a couple of weeks, I opened a demo account. It's working well and I see no technical issues. I think it's time to switch for real money trading. But I'm little nervous about size of the broker and lack of comments how people trade with bnfx. Please, share your experience.