Boney Market presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of Boney Market uncovered.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Boney Market?
On the surface, Boney Market looks like an ordinary forex and crypto broker. Its public site is presented at https://www.boneymarket.com/. But surface impressions are exactly what these operations rely on — the substance behind Boney Market is where the problems begin.
Is Boney Market regulated?
Boney Market provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- No credible physical address or verifiable corporate record
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- Unrealistic profit claims and pressure to deposit more
- No verifiable licence from a recognised financial regulator
Our analysis
Boney Market claims to be a Bulgaria-based entity without presenting any detailed information about its company and regulation. The lack of such information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, we didn't find any result matching this broker in ther register of Bulgaria FSC (Bulgaria Financial Supervision Commission; the financial regulator of Bulgaria). So Boney Market is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Can you recover money lost to Boney Market?
If you have deposited with Boney Market, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Boney Market?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.