Broad Financial Markets Group Limited Review

About Broad Financial Markets Group Limited

Broad Financial Markets Group Limited presents www.bfgroupltd.com as an online broker offering forex currency pairs, gold, spot silver, indices and crude oil. Its website lists Standard, Demo and Professional account types, MT5 desktop and mobile trading for Windows, iOS and Android, a minimum trade size of 0.01 lot, a maximum trade size of 50 lots, a minimum deposit of $5,000, maximum leverage of 1:100 and spreads starting from 1.2 pips.

The website describes its execution model as STP and displays “NFA: 0531210”. The NFA states that an NFA ID alone does not establish NFA membership and that investors should verify the firm’s status and membership banner through BASIC.

The broker’s own pages publish conflicting company registration numbers: the homepage shows 71894737, while the STP page shows 2944818. These numbers are presented on the website as company registration details, not as regulator licence numbers. The homepage also states that its information does not apply to residents or customers from the United States, Singapore, Hong Kong, North Korea or Iran.

Who it’s for

• Traders seeking access to forex, metals, indices and crude oil through MT5.
• Users who need Standard, Demo or Professional account options.
• Traders able to meet the stated $5,000 minimum deposit.

Pros and cons

Pros

• MT5 is offered for desktop and mobile operating systems.
• Demo, Standard and Professional account types are listed.
• The website lists multiple asset classes, including forex, metals, indices and crude oil.

Cons

• The stated minimum deposit is $5,000.
• The website displays an NFA ID, but the NFA states that an ID alone does not prove NFA membership.
• The broker’s website contains conflicting company registration numbers: 71894737 and 2944818.