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.
Do not be fooled by the professional-looking website. Behind the scenes, blofin.com is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Detailed reporting|Fast support response|Excellent charting|Social trading features
Cons: Research section could be deeper
The mobile app from blofin.com is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Clear documentation|Full transparency|Regular updates
Cons: Help articles are sometimes vague|Limited ETF selection
My withdrawal from blofin.com was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about eight months of being strung along.
Pros: No hidden fees|Social trading features|Multi-currency support
Cons: Research section could be deeper
I gave blofin.com a fair chance. After since early this year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Educational resources|Responsive team
Cons: Onboarding videos are outdated
I wanted to transfer my portfolio from another broker to blofin.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Quick verification|Personal attention
Cons: Search feature is basic|Limited social trading features