About BFM Group
Overview
BFM Group is a retail forex and CFD brokerage established on 2 September 2024 and registered in the United Kingdom. The firm operates through the domain bfmgroup.io. According to corporate records, BFM Group is not regulated by any financial supervisory authority.
This regulatory vacuum means the broker operates without oversight from bodies like the FCA or BaFin, a critical factor for potential clients. The broker provides five distinct account tiers with varying minimum deposits and leverage levels. These range from a Basic account ($250, 1:100) to a Platinum account ($25,000, 1:300), with intermediate options including Silver ($5,000, 1:600), Gold ($10,000, 1:100), and Bronze ($1,000, 1:300).
Regulatory Status
At the time of writing, BFM Group holds no licences from any known financial regulator. This absence means traders are not covered by any compensation scheme or dispute resolution mechanism.
For traders accustomed to dealing with authorised brokers, the lack of oversight represents a significant risk. FXCanary’s scam risk score of 56/100 (Elevated) reflects this regulatory deficiency and the limited transparency surrounding the brokerage.
Overview compiled by FXCanary from regulatory records and public data. full BFM Group review