The Official Website Of Boney Market Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-05-17 We Have Confirmed After Review That Boney Market Is An Unregulated Forex Broker
Boney Market Claims To Be A Company Located In Bulgaria, But Does Not Provide Any Details About Its Company And Regulation. Lack Of Such Information May Be Characteristic Of Unlicensed Traders, As Regulated Traders Always Display Their Certifications And Operating Licenses In A Conspicuous Position. This Is A Red Flag.
In Addition, We Did Not Find A Match With The Broker In The Registration Of Bulgaria's Financial Regulator, The Bulgarian Financial Supervisory Commission (Bulgaria FSC). So Boney Market Is Not Regulated By Any Regulatory Authority. This Means That Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since We Cannot Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That Boney Market Has Not Obtained Any Valid Licenses At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As A Phone Number Or Company Address.
Note: Boney Market As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
