blofin.com has been flagged by AMF (France) for "Unauthorised". Category: Crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: blofin.com.
After spending for about eight months trying to make blofin.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Regular updates|Wide product range|Great customer service|Copy trading available
Cons: No dark mode on mobile|Search feature is basic
Opened my account with blofin.com from a blog post comparing services and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Social trading features|Customizable dashboard|Portfolio tracking tools|Transparent fees
Cons: Would like more payment methods|No phone support on weekends
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. blofin.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Great customer service|High security standards|Market news feed
Cons: No dark mode on mobile|Spreads widen during volatile periods
Where do I even begin with blofin.com? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Reliable uptime|Two-factor authentication|Customizable dashboard|Smooth onboarding
Cons: Limited cryptocurrency options|Spreads widen during volatile periods
blofin.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: API access|Dedicated account manager
Cons: Account statements could be more detailed|No fractional shares
What really bothers me about blofin.com is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Risk management tools|Customizable dashboard
Cons: No live chat on mobile|Search feature is basic
I have been trying to close my account with blofin.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Low minimum deposit|Reliable uptime|Two-factor authentication|Customizable dashboard
Cons: Spreads widen during volatile periods|Nothing significant
The reporting at blofin.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast deposits|Great customer service
Cons: Mobile app could be improved
I am in a dispute with blofin.com over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Tax reports included|Intuitive for beginners
Cons: Slow to add new assets
I trusted blofin.com with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Intuitive for beginners|Multi-currency support|Dedicated account manager
Cons: Mobile app could be improved