BFP Markets was founded in 2015 based on the principle that the trader comes first.They have designed website and the trading platform to optimize the trader’s experience.

BFP Markets Advanatges:

- MT4 available

The trading platform supported by BFP Markets is no surprise to anyone who has the slightest idea of forex trading. MetaTrader 4 is the most widely used FX trading terminal worldwide. It offers reliability, ease of use, customization options and a variety of technical analysis indicators and Expert Advisors (automated strategies). Besides, it is highly praised for its great charting package.

- Reasonable leverage levels offered

As we have mentioned above, BFP Markets has not announced the leverage ratios it provides to its clients on the website. However, we tried out its demo MT4 platform, and found the maximum leverage levels available 1:200. This is the average ratio in the forex industry.

BFP Markets disdvantages:

- Registered offshore

Thousands of brokers are registered offshore, mainly due to the low-cost procures, favorable taxes and few (if any at all) requirements such companies have to meet. BFP Markets is one of them. The fact that it is registered in the Marshall Islands basically means that its clients are not protected in case the company manipulates the trading platform, goes bankrupt or simply disappears with all the money.

- Unrealistic spreads on demo accounts

When we tested BFP Markets’s MT4, the spreads on EUR/USD were floating from 0 to 0.4 pips, without any commission fees. Such trading costs are so low that there is no way for the brokerage to be profitable.

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