Reported as a scam / unregulated
Why Boney Market is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.