Benchmark

Benchmark, operating under the domain benchmark.co.com, is a forex brokerage entity that was founded on July 6, 2023. The company is registered in China, though specific details about its corporate structure and physical address are not publicly available. Our review found that Benchmark positions itself as a provider of online trading services, catering primarily to traders seeking leveraged exposure to the forex market.

The broker's recent establishment means it lacks a long operational track record, and independent public information about its history, ownership, and business practices is extremely limited. This scarcity of verifiable data is a significant point of caution for potential traders.

A critical finding from our research is that Benchmark does not hold any known regulatory licences from established financial authorities. Our cross-check of regulatory records confirmed no registration with bodies such as the FCA, CySEC, ASIC, or any other major regulator. The known facts explicitly state that there are 'no regulators on file'.

This absence of regulatory oversight means that traders using Benchmark are not protected by investor compensation schemes or dispute resolution mechanisms that regulated brokers typically provide. In FXCanary's assessment, the lack of regulation is a fundamental risk factor, and traders should approach such brokers with extreme caution.

Benchmark offers a single account type, the Standard account, which requires a minimum deposit of $10,000. This high entry barrier is well above the industry average for retail forex brokers and suggests the broker targets investors with substantial capital rather than beginners. The maximum leverage offered is 1:400, which is relatively high and can amplify both gains and losses significantly.

No information is available regarding other account types, such as Islamic or demo accounts, nor is there any data on spreads, commissions, or additional fees. The limited account offering and high deposit requirement may deter many traders, particularly those seeking flexibility or lower-risk entry points.

Our records do not specify the trading instruments available with Benchmark. The known facts list only dashes under 'Instruments', indicating that public information is absent. Typically, forex brokers offer currency pairs, but there is no confirmation whether Benchmark provides access to other asset classes like commodities, indices, or cryptocurrencies.

Similarly, details about trading platforms are not available. Industry databases do not mention whether Benchmark uses MetaTrader 4/5, cTrader, or a proprietary platform. The lack of transparency on these core operational aspects makes it difficult to assess the broker's trading environment.

No information is publicly available regarding Benchmark's fee structure, including spreads, commissions, swap rates, or withdrawal charges. The absence of fee transparency is a common red flag among unregulated brokers, as hidden costs can significantly impact trading profitability.

Funding methods are also not disclosed. It is unknown whether the broker accepts bank transfers, credit/debit cards, e-wallets, or cryptocurrencies. Without this information, traders cannot assess the convenience or cost of depositing and withdrawing funds.

Benchmark presents itself as a forex broker but operates with minimal public information and no regulatory oversight. The high minimum deposit of $10,000 and maximum leverage of 1:400 suggest a focus on high-risk trading, but the lack of transparency on instruments, platforms, fees, and funding methods raises serious concerns.

Given the elevated FXCanary Scam Risk Score of 54/100 and the absence of independent user reviews, we advise extreme caution. Traders should thoroughly verify any claims made by the broker and consider the significant risks associated with unregulated entities before committing funds.