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BenchMark

Unregulated
Bulgaria
,
Since 2003
Last Updated:
58/100
Overall Score

Trading Conditions

Min Deposit:
USD100
Max Leverage:
400
Account Types
RegularRegularRegular

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 90%, 2: License 78%, 3: Software 51%, 4: Spread 0%, 5: Account Type 10%, 6: Symbol 0%
Regulation
90%Excellent
License
78%Good
Software
51%Fair
Spread
0%Poor
Account Type
10%Poor
Symbol
0%Poor

Company Information

Full Name:BenchMark
Founded:2003
Headquarters:Bulgaria
Enterprise Offices:N/A

Customer Support

Phone:
+35929625795
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

Choosing the best broker for trading, whether you are a beginner or an experienced trader, is a vital decision that affects many traders in the financial world today. Benchmark is one of many brokers that enable their customers to trade global markets through technology. However, BenchMark has limited public information about its services; therefore, potential customers should look for a general framework and expectations for brokers to understand what they can expect from the broker before opening an account.

In addition to providing the financial services industry with access to trading services for all types of investors, BenchMark is also dedicated to offering trading solutions as diverse as the investors who use them. This article provides an overview of BenchMark's general information, including the types of products and services it offers, its regulatory status, the trading conditions traders will encounter when using BenchMark, and how traders will benefit from using it.

Company History

Limited information exists about the specific founding and history of BenchMark. Without a clear understanding of when the brokerage was established or its development, it is difficult to create an accurate historical overview of the company. However, brokers such as BenchMark typically emerge in response to growing demand for easy access to financial markets and trading platforms during a period of significant globalization and interconnection among global financial markets. The lack of sufficient historical information prevents brokers such as BenchMark from demonstrating their overall commitment to providing a reliable and efficient trading environment for their customers.

Broker Products and Services

As in many instances, it can generally be assumed that BenchMark, as a trading broker, will provide its investors with a wide range of financial products and services as part of its overall investment offer. While specific details about the types of financial products that are offered by BenchMark have not been released to the public, brokers in this type of market segment typically would provide access to financial products such as foreign currency exchange (forex), commodities, stock index futures contracts, and may also provide access to trading cryptocurrencies.

Brokers such as BenchMark also have a strong commitment to creating user-friendly trading platforms, providing education to their customers, and offering customer support to traders who require assistance. All of these factors are essential to providing a positive trading experience for both new and existing traders in a competitive financial marketplace.

Regulatory Compliance / Licensing

Regulatory compliance and adherence to regulatory guidelines and requirements are of utmost importance when selecting a trading broker. Unfortunately, there is very little information available at this time to determine whether BenchMark has met any regulatory requirements to conduct business as a trading broker. For traders who emphasize regulations and the need for trader protection, this presents a challenge. The table below illustrates the typical regulatory information you would expect from a reputable trading broker like BenchMark, but it has not been disclosed at this time.

Regulator

License Number

Status

Limited information available

Limited information available

Limited information available

Trading Conditions and Platform Technology

When evaluating a broker's suitability, a trader should also consider the different sets of trading conditions offered by brokers. These conditions usually contain the following elements: spread, leverage, minimum deposit amount, and available trading platform providers. However, there is not enough information available about the types of trading conditions Benchmark offers to provide exact details at this time.

Although the table below lists the typical parameters that traders look for in a broker, Benchmark may or may not be able to meet them.

Trading Condition

Typical Range / Offering

Notes

Spreads

Variable / Fixed (e.g., from 0.1 pips)

Depends on account type and instrument

Leverage

Up to 1:500 (varies by jurisdiction)

Subject to regulatory limits

Minimum Deposit

Typically $100 or more

Varies by account type

Trading Platforms

MetaTrader 4, MetaTrader 5, WebTrader

Common industry standards

Fee Structure

Fees are an important factor for many traders, as they greatly influence their ability to earn from trading. Brokers generally charge fees through spreads, commissions, and sometimes through deposit/withdrawal fees. Currently, there are no publicly available specifics on fees associated with the BenchMark platform.
Below is a general overview of the types of fees traders may encounter when working with a brokerage such as BenchMark.

Fee Type

Typical Range

Notes

Deposit Fees

Usually none or minimal

Depends on payment method

Withdrawal Fees

Varies, sometimes charged

May depend on withdrawal method

Commission

From $0 to $7 per lot

Often waived on standard accounts

Spreads

Variable or fixed

Core source of broker revenue

User Experience and Market Reputation

Obtaining knowledgeable information on BenchMark's Current User Experience and Market Presence is limited, so it is not possible to do a complete Analytical Report for BenchMark. As has traditionally been the case, traders evaluate brokerage firms by the same criteria when using their platforms: reliability, customer support, execution speed, and educational resources.

Any potential customer of a brokerage company like BenchMark should conduct a thorough investigation, including reviewing consumer testimonials (if available) and testing demo account options beforehand, to determine whether BenchMark is a good match for the individual trader's Trading Needs.


Recent Information:

As of now, no Knowledgeable information is available regarding Benchmark's recent developments, modified/version statements, or Innovative Products/Offers. Therefore, it remains essential for traders to be Aware of their Brokers' Current Services and offerings, as well as any updates, changes, and/or modifications that may affect their trading style or methodology.

 

Conclusion:

Benchmark provides an opportunity to utilize the Brokerage Firm - Financial Services segment of the Financial Services industry; however, there is a Lack of Current Information available about Benchmark's activities, regulatory compliance status, and Offerings. Consequently, this Lack of Knowledgeable Information Limits the Ability to Perform a Complete Evaluation of BenchMark.
Prospective Clients interested in utilizing BenchMark's services must carefully consider all pertinent information, including obtaining their Regulatory Compliance Credentials, before using their trading activities. The Foundation of Trust in the Financial Services Industry is Based on Transparency and Regulatory Compliance.

 

Regulatory Licenses

Compliance & oversight

4 licenses
United Kingdom
FCATier 1
United Kingdom#621564
License Details
Type:N/A
License #:621564
Status:Regulated
Validity
Effective:N/A
Expires:N/A
France
AMFTier 1
France#75973
License Details
Type:Retail Forex License
License #:75973
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Germany
BaFinTier 1
Germany#137382
License Details
Type:Retail Forex License
License #:137382
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Spain
CNMVTier 1
Spain#4100
License Details
Type:Retail Forex License
License #:4100
Status:Regulated
Validity
Effective:N/A
Expires:N/A
4
Tier 1
4
Countries
0
Offshore

Account Types

Trading account options

3 types
Regular
Standard
Min Deposit USD 1 • Leverage 1:1 • Commission Not specified
Min DepositUSD 1
Leverage1:1
CommissionNot specified
Regular
Standard
Min Deposit USD 1 • Leverage 1:1 • Commission Not specified
Min DepositUSD 1
Leverage1:1
CommissionNot specified
Regular
Standard
Min Deposit BGN 1 • Leverage 1:1 • Commission 0.7% up to 100,000 BGN turnover
Min DepositBGN 1
Leverage1:1
Commission0.7% up to 100,000 BGN turnover
3
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

No Funding Methods

Funding method information is not available for this broker yet.

Trading Platforms

Professional trading tools

2 Available
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with BenchMark: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark BenchMark at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for BenchMark

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://benchmark.bg/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

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