Forex Boney Market Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Boney Market Trading Conditions

Registered Region Bulgaria

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@boneymarket.com

Contact Number +380684652784

Website www.boneymarket.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, indices, and cryptocurrencies
High leverage options available up to 1:400
Access to popular trading platform MT4
Demo account for beginners to practice without risk
Multiple payment methods for deposits and withdrawals

Cons

Not regulated by any recognized financial authorities
High leverage of up to 1:400 poses significant risk
Limited account types with only demo and real accounts
Potential additional costs from deposit and withdrawal fees
Lack of educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Boney Market	BenchMark	DeltaStock	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Bulgaria	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Boney Market Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Demo Account	Beginners	Allows practice with virtual funds	Equipped with $10,000 in virtual currency
Real Account	Experienced Traders	High leverage up to 1:400, low spreads	Requires identity verification and funding

Account Opening Process

Opening an account with Boney Market is straightforward. First, prospective traders need to click on the “Open A Live account” link and fill out the application form, providing personal, employment, and financial details. Following this, identity verification will be required, including the submission of a photo ID and proof of address. Once verified, the account is successfully registered, allowing traders to fund their accounts and start trading. There is also flexibility to upgrade to a professional account in the future if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	Varies	$0	Tight spreads available
CFDs (Indices)	Varies	$0	Competitive pricing on major indices
Cryptos (BTC/USD)	Varies	$0	Dependent on market conditions

Other Fees

Traders should be aware of potential additional costs, including deposit and withdrawal fees, inactivity fees, and any platform usage fees that may apply. Overnight interest charges (swap rates) can also accrue for positions held overnight, and currency conversion fees may be applicable when transacting in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Boney Market User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Michael Johnson

Sofia, Bulgaria

★ ★ ★ ★ ★

I had a difficult time with the withdrawal process. It took longer than expected, and there was no clear communication from customer support. I felt frustrated and unsure about my funds.

Anna Petrova

Varna, Bulgaria

★ ★ ★ ★ ★

Boney Market has a decent platform, especially the MT4. I appreciate the demo account that allowed me to practice without risking real money. Overall, I’ve had a good experience so far.

David Smith

Plovdiv, Bulgaria

★ ★ ★ ★ ★

I tried to contact customer support multiple times but received little help. The lack of regulation makes me very uneasy about trading here. I wouldn’t recommend it to anyone.

Elena Georgieva

Burgas, Bulgaria

★ ★ ★ ★ ★

I love the range of trading instruments available. The high leverage is a plus for me, and I find the trading platform to be user-friendly. Overall, a positive experience with Boney Market!

Bulgaria Market