BNFX - Forex Broker information, rating, reviews

BNFX Forex Broker   BNFX

BNFX Voters Rating: 50 %, 0%

Traders Rating: BNFX Traders Rating on Forex-Ratings.com 3


   
BNFX licenses and regulations: FSPR, FMA
Trading software: MetaTrader 4 (MT4), Integral Power Trader
Headquartered: L20 188 Quay Street, Auckland Central, Auckland, 1010, New Zealand

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.

BNFX Trading information

WWW http://www.bestecnz.com/
Address L20 188 Quay Street, Auckland Central, Auckland, 1010, New Zealand
Headquarters New Zealand
Free phone +64-9-887-4112
24 hour support
Partnership programs
Expert advisors
Free education
Automated trading
24 hour trading
Scalping
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type fixed
Pip spread on majors 0.1-3
Leverage 100:1
ECN, $ 1000
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
Other instruments
Other languages
Languages English
Platforms MetaTrader 4 (MT4), Integral Power Trader
Regulation FMA
Foundation 2010

Review Rating - 4
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.

Review Rating - 4
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.

Login to add review   All BNFX Reviews

BNFX Forex News

All BNFX news
FBS Information
Tickmill Information
Fort Financial Services Information
Vantage FX Information
OANDA Information
FIBO Group Information