BenchMark Finance: accounts, trading conditions and client protections

The live application lets clients choose MT4 or MT5 and retail or professional classification. It requests personal information and documents, then acceptance of the trading agreement and general terms. A fixed opening deposit was not established on the reviewed form; sufficient instrument margin is still required before trading.[17]

Elective professional status requires at least two of three criteria: an average of ten significant transactions per quarter over the preceding four quarters, a cash/instrument portfolio above EUR 500,000, or more than one year in a relevant financial-sector role. Higher leverage is not simply a deposit upgrade.[20]

The English opening form still lists EUR, USD and BGN account choices. Its BGN option should be confirmed before funding: the current August 2026 tariff is denominated only in euros. The form alone does not establish that a new BGN account remains available.[17][25]

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The July 2026 agreement makes BenchMark Finance the counterparty and sole OTC execution venue for this route. Trades settle financially without delivery of the underlying assets. The separate exchange-investment business should not be confused with ownership through these CFDs.[2]

Crypto CFDs follow the published Sunday 21:05 to Friday 20:55 GMT session, rather than continuous weekend trading. Their underlying markets can move while this account cannot trade.[7]

USOIL and UKOIL are expiring contracts: the broker says positions are closed at prevailing prices near expiry, not automatically transferred into the next contract. Its non-expiring WTI, Brent and NGAS prices blend futures maturities and use a daily rollover adjustment. Check the exact symbol before treating oil exposure as indefinite.[9]

ETF overnight financing is based on the instrument currency’s interbank rate, with an approximately 2.5% markup: added for longs and subtracted for shorts. A short position can therefore incur a charge. Equity dividends and index adjustments also affect returns independently of the quoted spread.[10][13]

The crypto schedule currently illustrates annualised financing of 23% charged on long positions and 1% credited on shorts, using a 360-day calculation. The monetary amount changes with position value; verify the live rate rather than interpreting it as a fixed daily fee.[7]

The maintenance charge is a fee rule, not an automatic closure instruction. To terminate the CFD agreement, the client must give notice with no open positions or unpaid obligations and supply return-of-funds instructions.[2]

The company’s Why BenchMark page advertises no restrictions on scalping or Expert Advisors.[27]

The agreement prohibits attempts to exploit delayed or erroneous quotes, including through EAs, scripts or APIs, and permits adjustments or access restrictions. An allowed automation tool is not permission for every strategy.[2]

Group changes are not automatic. The broker notifies increases through the platform or by phone, using aggregate equity across accounts; clients must maintain enough free margin. The highest group’s 50% stop-out is an exception to the general professional headline.[11]

The stop-out page gives margin-call levels of 70% for retail clients and 50% for professionals, followed by ordinary liquidation levels of 50% and 30%, respectively. It permits partial or complete closure of any position without further notice. Thresholds do not guarantee an execution price.[24]

Published order choices include market, buy/sell limit, buy/sell stop, stop-loss and take-profit. Pending orders default to good-till-cancelled, with a specified date/time alternative. Market orders require the instrument to be open. The FX page advertises no fixed stop/limit distance restriction; check the live symbol when placing an order.[18][11]

A trailing stop updates in the client terminal. When MetaTrader is switched off it stops following price, while the last stop level remains. Ordinary stop-loss and take-profit instructions execute on the server. This distinction matters when changing devices or relying on an unattended computer.[18]

Platform reports cover trades, assets, costs and confirmations. Written objections are due within three days after deemed receipt: posting on the platform/website or sending an email counts as receipt. Tax certificates, export formats and post-closure access were not established; retain statements before closure.[2]

The withdrawal page’s one-hour estimate concerns processing, not guaranteed arrival. Bank, currency and submission time affect settlement. The receiving account must belong to the trading-account holder; transfers over EUR 15,000, or equivalent, require the stated AML declaration.[28]

The August tariff lists free bank deposits and withdrawals for clients outside Bulgaria. Its Bulgaria section passes through bank charges for express euro withdrawals and foreign-currency withdrawals. A general zero-fee headline therefore does not cover every payment instruction.[25]

Third-party deposits are blocked. Card funding in a different currency is converted using BenchMark’s exchange rate, without a fixed markup disclosed on that page. The broker can request additional payment evidence; check the credited amount and rate before trading.[8]

The published negative-balance policy distinguishes full, unconditional retail protection from discretionary assistance for professional clients. Its professional procedure does not set the limit of retail CFD protection.[16]

Professional clients and eligible counterparties are excluded from that compensation scheme, alongside other statutory exclusions. It does not reimburse ordinary trading losses. A separate quantified private-insurance policy was not established in the reviewed materials.[26]

The broker describes separate client-money accounting and segregated client funds. These arrangements support identification and safeguarding of client assets; they do not make a leveraged position or an uninsured excess claim risk-free.[21]

Telephone orders use the dealing numbers published on the website and require the account number and dedicated telephone-trading password. Specify the instrument, side, volume and validity, then obtain the dealer’s confirmation. The rules cover placing, amending and cancelling orders; this is a documented fallback to the platform.[19]

If the call drops after the client has expressed the order or amendment instruction, the telephone rules treat it as accepted for execution. Verify the account before trying again; a disconnected call does not by itself cancel the instruction.[19]

The complaint policy accepts office, postal and email submissions. It targets a written response within ten working days, or three days after a board meeting if considered there. Complex investigations may extend to one month from receipt with reasons notified. Unsatisfied complainants may approach Bulgaria’s FSC or the competent Bulgarian court.[4]

Change the initial password, and immediately change it and notify the broker if compromised. Access can be blocked and restored after identification with a new password. Existing instructions remain effective after an access block. No fixed withdrawal freeze following password recovery was established.[26]

The Bulgarian AnalysesPRO page advertises morning and evening AI market summaries, alongside weekly videos, market sentiment, scanners and MT5 indicators. Full analysis-tool access is reserved for live MetaTrader clients. The broker describes the content as marketing information rather than personalised advice or investment research; no autonomous order or withdrawal authority is established.[3]

MT5 supports Expert Advisors and MQL5. A separate broker API with published key scopes, money-transfer permissions and revocation rules was not established. Neither a coding environment nor a contractual reference to APIs supplies that permission model.[15]

A broker-specific copy-trading mandate, disconnect process and treatment of existing copied positions were not established in the reviewed platform and service pages. Platform branding alone does not establish that the broker offers a particular copying service.[15]

The professional page mentions loyalty awards when available, but supplies no current withdrawable-cash or credit-bonus terms. Do not infer a cash entitlement from that eligibility statement.[20]

The Bulgarian FSC roster matches the name, UIC 131225156 and benchmark.bg. The agreement identifies BenchMark Finance AD, licence RG-03-0212/09.05.2006.[22][2]

The company lists German BaFin reference 137382 and Italian CONSOB reference 5279. These are presented as cross-border service permissions, not additional contracting entities. The individual foreign-register entries were not independently reproduced for this profile; check eligibility for the applicant’s country before opening.[1]

The general terms use the English form BenchMark Finance JSCo; the Bulgarian text governs document discrepancies. No transfer to a different contracting entity was established.[26]