Forex Bonny Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

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 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

Bonny Markets Trading Conditions

Registered Region Comoros

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@bonnymarkets.com

Contact Number +20221096351

Website bonnymarkets.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, and indices
Access to the popular MetaTrader 5 trading platform
Flexible account types suitable for different trader profiles
Demo account available for risk-free trading practice
Customer support available via phone and email

Cons

Unregulated status raises safety concerns
Limited trading instruments available
Potential for high overnight financing charges
$100 minimum deposit requirement
Limited 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	Bonny Markets	Grand Markets	BDSwiss	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Comoros	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	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Bonny Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and retail traders	Stable trading environment, competitive spreads	Suitable for traders with varied capital
ECN Account	Experienced and high-frequency traders	Ultra-low spreads, deep market insights	Ideal for traders seeking optimal execution
Demo Account	New traders and those wanting to practice	Risk-free trading experience	Available for all users to trial the platform

Account Opening Process

Opening an account with Bonny Markets involves a straightforward process. First, prospective traders need to submit their personal, employment, and financial information through the application form on the Bonny Markets website. After this initial step, identity verification is required, which involves providing a form of identification and proof of address. Once the account is set up, there is flexibility for traders to upgrade to a professional account if they meet the necessary criteria in the future.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0	Competitive pricing on a range of CFDs
Cryptocurrencies (BTC, ETH)	Varies	$0	Variable spreads depending on market conditions

Other Fees

Bonny Markets may charge various fees, including deposit and withdrawal fees, which can depend on the payment method used. Inactivity fees might apply to accounts that remain dormant for an extended period. Additionally, traders should be aware of any platform usage fees, potential overnight interest (swap rates) for positions held overnight, and currency conversion fees that may occur during trading activities.

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

Bonny Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Scott Walker

Nigeria

★ ★ ★ ★ ★

Bonny Markets offers advanced order types. I can control my trades better. Besides, customer support has been fantastic, always helpful and responsive.

William Johnson

United Kingdom

★ ★ ★ ★ ★

The overnight fees are reasonable, but I think the automated and social trading tools need some improvement. Overall, a solid trading experience.

Semra

Turkey

★ ★ ★ ★ ★

I faced a lot of trouble with my account managers, and I couldn’t get satisfactory support when I needed help with withdrawals. It was frustrating.

Aoethen

Pakistan

★ ★ ★ ★ ★

I struggled significantly with withdrawals. It was a hassle using bank wire, and I couldn’t get proper assistance. Very disappointed.