Blofin Ext / Blofinext has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending for the past six months trying to make Blofin Ext / Blofinext 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: Low minimum deposit|Multi-currency support|Risk management tools|Fast execution
Cons: Alert system is basic
After for the past six months with Blofin Ext / Blofinext I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Segregated accounts|Fast execution|Economic calendar
Cons: Website design could be more modern|Withdrawal takes 1-2 business days
The reporting at Blofin Ext / Blofinext 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: Detailed reporting|Easy withdrawals
Cons: Email notifications too frequent
I referred a friend to Blofin Ext / Blofinext after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multiple order types|Clear documentation
Cons: Desktop app not available on Linux
Blofin Ext / Blofinext locked my account without warning and demanded documents I had already submitted. for just over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Copy trading available|Full transparency|Reliable uptime
Cons: Live chat only during business hours
I was about to invest with Blofin Ext / Blofinext but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I want to warn everyone about Blofin Ext / Blofinext. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I had high hopes for Blofin Ext / Blofinext after my brother mentioned them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Dedicated account manager|Two-factor authentication
Cons: Minimum deposit could be lower|Wait times can be long during peak hours
I gave Blofin Ext / Blofinext a fair chance. After since I opened my account last 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: Helpful community forum|Transparent fees
Cons: Wait times can be long during peak hours|Minimum deposit could be lower