✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company BFM GROUP is a safe company or an unreliable company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about BFM GROUP and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | bfmgroup.io |
| 🏠 Company* | Does not mention it |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Continental | Own platform |
| 📌 Address | Does not mention |
| 🕑 Website age | Website registered on: April 13, 2023 |
| ❓ Company type | Forex, CFDs, Commodities and Cryptocurrencies |
Company: BFM GROUP does not mention which company it belongs to. Be very careful, we noticed a clear lack of transparency.
Location: BFM GROUP does not mention where it is located, trusting a company that does not mention where it is located is very dangerous, please be careful.
We can already tell you that we are concerned about several characteristics of this company.
What is BFM GROUP?
After having carried out an analysis of the company's website, we can say that BFM GROUP is a: cryptocurrency, cfds, forex and commodities broker.
Account types
The company provides information about these different account types.
| Account type | Minimum initial deposit |
| Basic | $250 |
| Bronze | $1000 |
| Silver | $5000 |
| Gold | $10000 |
| Platinum | $25000 |
| Diamond | - |
Information on the web
Here we show you a screenshot of the BFM GROUP website, which is bfmgroup.io. The capture was made in NOVEMBER 2023.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have not found phone numbers
– We have found the following email: [email protected]
* Regulation of BFM GROUP
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
🚫 Final evaluation of BFM GROUP 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of BFM GROUP and we have reached the following conclusions about this company:
Location: It is not mentioned where it is located.
Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.
The FMA complaint against BFM GROUP, a forex, CFD, cryptocurrency and commodities broker, is a red flag that requires extreme caution when considering any relationship with this company. This complaint by a major financial regulator highlights significant risks and highlights the importance of carefully analyzing any interaction with the entity.
Furthermore, the lack of information on BFM GROUP's business affiliation raises serious questions about its credibility and transparency. The lack of disclosure about their association or membership in other entities suggests a lack of seriousness in their business practices. This lack of key information indicates a worrying lack of clarity and honesty in its disclosure.
Despite offering services in forex, CFDs, cryptocurrencies and commodities, BFM GROUP does not reveal its location or provide regulatory information. This lack of transparency in key aspects suggests the possibility of operating outside of appropriate regulations, exposing clients to significant financial and legal risks.
🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨
Updates
News about BFM GROUP:
| Date | Update – news |
|---|---|
| November 2023 | Complaint against BFM GROUP financial regulator FMA |
| August 2024 | Complaint against BFM GROUP financial regulator BaFIN |
We note that the company already has complaints from financial regulators. Please be very careful!
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with BFM GROUP.
At the end of the review you will find customer comments.
How to Claim Money Scammed by BFM GROUP
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report BFM GROUP
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there (recommended) alternatives to BFM GROUP?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report BFM GROUP?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is BFM GROUP reliable?
No. BFM GROUP is not reliable, it is a very unsafe company: they do not mention its location and they do not mention anything about its regulation, this leaves us very uneasy. Your website is new and without experience, does this give you confidence? In addition, the company has warnings from financial regulators. BE VERY CAREFUL.
How to recover money from BFM GROUP?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
This company is not trustworthy. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.
Hello Agus, thank you for writing about BFM Group. Currently this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.