Bunfex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Bunfex recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Competitive fees|Multiple order types|Easy to use platform|Professional team
Cons: Minimum deposit could be lower|Desktop app not available on Linux
After using Bunfex for close to eighteen months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Personal attention|Fast support response|Two-factor authentication|Transparent fees
Cons: No crypto staking
Opened my account with Bunfex after attending a webinar they hosted 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: Clear documentation|Great customer service|Smooth onboarding|Social trading features
Cons: No crypto staking
I had high hopes for Bunfex after comparing multiple platforms, 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: Good mobile app|Multiple order types|Easy to use platform
Cons: Limited demo account features|Research section could be deeper
I closed a profitable position at Bunfex and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Tax reports included|Multi-currency support
Cons: Email notifications too frequent
What really bothers me about Bunfex is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Intuitive for beginners|No hidden fees|Responsive team|Portfolio tracking tools
Cons: No live chat on mobile
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. Bunfex said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Social trading features|Multi-device support|Transparent fees
Cons: Withdrawal takes 1-2 business days|Inactivity fee applies after 12 months
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Bunfex is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
KYC with Bunfex is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Easy to use platform|Personal attention|Stable platform|Instant funding
Cons: Withdrawal takes 1-2 business days
After spending for a few weeks now trying to make Bunfex 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: Fast deposits|Quick verification
Cons: None so far|Limited cryptocurrency options