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Benchmark Finance Account Types

Benchmark Finance Account Types



Overall Rating


Rated #222 of
Recommended FX Brokers

💰Minimum Deposit


🌐 Regulators


📱 Trading Desk



📈 Total Pairs

☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker


Benchmark Finance provides two different account types e.g., Retail Account, and Professional Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about Benchmark Finance account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.


Benchmark Finance Overview

Benchmark Finance is well-regulated and reputable Bulgarian-based STP and NDD broker which has been in operation since 2003. With Benchmark Finance, traders are connected to global markets through the broker’s extensive portfolio of tradable financial instruments.

Traders have access to more than 30,000 instruments that can be traded through the popular and powerful MetaTrader 4 and MetaTrader 5.

Although headquartered in Bulgaria, Benchmark Finance has offices both in the United Kingdom as well as Spain. Having been in operation for so long, Benchmark Finance has grown from strength, service, and technology and offers traders superior trading solutions and services.

Traders can rest assured that Benchmark Finance only uses the latest innovative technology in addition to operating a No Dealing Desk, or NDD, which ensures that there are no requotes.

In addition, the NDD model also provides maximum transparency as well as accountability where trade executions are concerned.

Quotes are given directly from top liquidity providers, including 10 of the leading banks in the world. Benchmark Finance also uses the server infrastructure of the Equinix Data Centre in New York, which ensures optical networks which span across the globe.

Traders are assured of client fund security as well as Benchmark Finance’s operations being overseen by reputable watchdogs. Benchmark Finance is strictly regulated and authorized by the following entities:

  • The Financial Conduct Authority (FCA) in the United Kingdom, with license number 621564.
  • The Comisión Nacional del Mercado de Valores (CNMV), with license number 4100.
  • The Financial Markets Regulator: Autorité des Marchés Financiers (AMF) which also monitors the operations of the broker in France, under the license number 75973.
  • The Financial Supervision Commission (FSC) in Bulgaria.
  • The Bundesanstait für Finanzdienstleistungsaufsicht (BaFIN), with license ID 137382.


Client funds are kept with top-tier banks, separate from Benchmark Finance’s own funds, and the broker makes use of SSL to encrypt data before they are sent to the servers.


Benchmark Finance Account Types

Benchmark Finance only offers traders single retail or professional account. Although there are no other account types offered, both these accounts have dynamic features and cater to the various needs that traders may have as well as their trading objectives.


Benchmark Finance Account Features


Retail Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Spreads typically start from 0.1 pips EUR/USD.
  • A maximum leverage ratio of 1:30 for retail traders.
  • Stop-out level of 30%.
  • Suitable for beginners, intermediate, and experienced traders.
  • Access to either of the two trading platforms.
  • Access to all tradable financial instruments.
  • Access to automatic execution.
  • The ability to hedge without margin.
  • Ability to go both long and/or short.
  • No restrictions on stop/limit.
  • Unrestricted access to Expert Advisors.
  • Access to real-time quotes.
  • Commission-free trading on forex, metals, oil, indices, and cryptocurrencies.


Professional Account

The professional account provides traders with numerous features including access to higher leverage, a stop-out level of 20%, and access to a variety of awards and loyalty bonuses when they are available.

Professional traders are treated differently than retail traders as they are assumed to have accumulated adequate knowledge and experience in managing and mitigating their risks.

To be considered a professional trader, and have access to the professional account, traders must conform with any two of the following three criteria:

  • In the past four quarters, traders must have made an average of ten trades of significant volume. This includes volumes that have been traded with other investment intermediaries in the country and/or internationally.
  • Traders must own a portfolio consisting of both financial instruments and cash worth more than 500,000 EUR. This includes savings, bank deposits, securities, and other portfolios.
  • Traders must have worked in a position that requires knowledge of Benchmark Finance’s transactions and services for more than a year.


Benchmark Finance Demo Account

Benchmark Finance offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore Benchmark Finance’ trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.


Traders are provided with the option of opening a free demo account with Benchmark Finance. Traders have access to all financial instruments which can be traded along with the following features:

  • Virtual funds of up to $100,000.
  • The opportunity to trade in real-time market conditions.
  • Access to a variety of free educational resources.
  • Access to 24/5 customer support.


Traders are offered the use of MetaTrader 5 for the purpose of the demo account. Once registered, traders can either make use of the Web portal, the desktop version, or the mobile app.


Overall Rating


Rated #222 of
Recommended FX Brokers

💰Minimum Deposit


🌐 Regulators


📱 Trading Desk



📈 Total Pairs

☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker


Benchmark Finance Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Benchmark Finance does not offer Muslim traders the option of converting either the retail or the professional account into an Islamic Account. For this reason, traders must ensure that they close any open trades before the trading day concludes.


Pros and Cons

Multi-regulated by reputable regulatory entities in several European jurisdictions US Clients not accepted
Client funds kept in segregated accounts Limited payment methods and no online payments
Member of ICF Daily analysis not comprehensive
More than 30,000 financial instruments offered Restricted leverage for retail clients
Commission-free trading offered on most financial instruments Islamic account not offered
Tight spreads
NDD Execution
MetaTrader 4 and MetaTrader 5 offered
Demo account offered
Adequate education
Trading tools offered


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Benchmark Finance at a Glance

Broker’s name Benchmark Finance
Headquarters Bulgaria
Year founded 2003
Regulating authorities FCA, CNMV, AMF, BaFin
Countries not accepted for trade United States
Demo account Yes
Islamic account (swap-free) Yes
Institutional accounts No
Managed accounts No
Maximum leverage 1:30 (Retail), 1:400 (Professional)
Minimum deposit $0
Deposit options
  • Bank Cards
  • Bank Wire Transfer
  • Funds Transfer
Withdrawal options
  • Bank Cards
  • Bank Wire Transfer
  • Funds Transfer
Platform(s) provided MetaTrader 4, MetaTrader 5
OS compatibility Web browsers, Windows, Linux, macOS, iOS, Android
Tradable assets offered
  • Forex
  • Stocks
  • Metals
  • Oil
  • Indices
  • Cryptocurrencies
  • Futures
  • CFDs
Languages supported on website English, Russian, Turkish, Spanish, French, German, Chinese, Polish, Bulgarian
Customer support languages Multilingual
Customer service hours 24/5




Trading Environment


How many instruments can I trade with Benchmark Finance?

  • Forex
  • Stocks
  • Metals
  • Oil
  • Indices
  • Cryptocurrencies
  • Futures
  • CFDs


Which platforms are supported by Benchmark Finance?

MetaTrader 4 and MetaTrader 5.


Does Benchmark Finance offer leverage?

Yes. Retail clients have access to leverage up to 1:30 while professional clients have leverage up to 1:400.


What spreads can I expect with Benchmark Finance?

  • Forex – spreads from 0.1 pips EUR/USD.
  • Metals – spread from $0.25 in gold trading.
  • Oil – spreads from $0.04 in oil trading and $0.01 in gas trading
  • Indices – spreads from 0.5 pips.
  • Cryptocurrencies – average spreads from 0.005 USD.


Does Benchmark Finance charge commission?

Yes. There are commissions charged on shares from $0.05 per share.


Are there additional charges on the Islamic account?

No. Benchmark Finance does not offer the option for an Islamic Account.


Is Benchmark Finance regulated?

Yes. Benchmark Finance is strictly regulated by FCA, CNMV, AMF, and BaFIN.


Is Benchmark Finance a recommended forex trading broker for experts and beginners?

Yes. Benchmark Finance makes adequate provision for both beginners and experts.


What is the overall rating out of 10 for Benchmark Finance?





What is the difference between a demo and a live trading account?

A demo account is offered by brokers as a risk-free trading environment where traders can use virtual funds to either explore the broker’s offer, practice trading, or test strategies.


Does Benchmark Finance offer a demo account?



Does Benchmark Finance offer the option for an Islamic Account?

No. Benchmark Finance does not offer Muslim traders the option of an Islamic Account.


How long is the demo account valid?

The general availability of demo accounts is 30 days.


Which live trading accounts does Benchmark Finance offer?

Benchmark Finance only offers single retail and professional accounts.


What are the available deposit currencies for a live trading account?

EUR and USD.


Deposits and Withdrawals


What is the minimum deposit for Benchmark Finance?

There is no minimum deposit requirement.


How do you make a deposit and withdrawal with Benchmark Finance?

  • Bank Cards
  • Bank Wire Transfer
  • Funds Transfer


Does Benchmark Finance charge withdrawal fees?

No. Benchmark Finance does not charge withdrawal fees.


How long does it take to make a withdrawal?

Benchmark Finance indicates that all withdrawals, despite the payment method, take up to 30 minutes to process.



Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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