Boney Market Review
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Review
Fast Facts
Contact Info and Support
Traffic information
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| Ratings | Global Rank | - |
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| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
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| Estimated monthly visits | July 2025 | 0 |
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| Traffic sources | Social | - |
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About Boney Market
Boney Market (operated by Boney Trading Consultancy Ltd., apparently registered in Bulgaria) offers trading in Forex, commodities, indices, cryptocurrencies via the MT4 platform, with leverage up to 1:400 and a demo account funded with virtual US$10 000. Withdrawal and deposit procedures—including minimum deposit—are not disclosed. The broker is not listed in any official regulator’s register (e.g., Bulgaria FSC, FCA, MAS, PFSA, BaFin, ASIC, CFTC), raising serious concerns about regulatory oversight and client fund protection ().
The Financial and Consumer Affairs Authority of Saskatchewan issued an investor alert stating that “Boney Market or Bnymarket is not registered to trade or sell securities or derivatives in Saskatchewan,” and cautioned against sending money to unregistered firms (). Multiple independent sources classify Boney Market as unregulated or a potential scam ().
Who it’s for
- Not applicable—no verifiable regulatory protection or clarity in trading terms, making responsible targeting of specific trader profiles impossible.
Pros and cons
Pros
- Offers widely used MT4 platform and claims availability of demo and live accounts with up to 1:400 leverage.
Cons
- No regulation or licensing from recognized authorities, indicating lack of investor protection and legal recourse.
- Important trading terms (e.g., minimum deposit, withdrawal methods, fees) are not disclosed.
- Official alert from Saskatchewan regulator warning of unregistered status.
- Multiple independent reviews flag high risk or scam status.
