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BOMANFX Review: Bomfx.com Blight Forex Scam

BOMANFX Review: Bomfx.com Blight Forex Scam

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BOMANFX (Bomfx.com) is another rude CFDs, Crypto Currency, and Forex broker to hit the trading world. Boman FX is professing to offer unmatched trading conditions and insane bonuses. After receiving numerous email complaints from members, we decided to investigate. Why are members crying foul in regards to being harshly treated? Most members are claiming they don’t have access to their already funded accounts. Read this detailed BOMANFX review for more.

BOMANFX Review

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BOMANFX Review

After receiving some touching emails, we knew something was amiss with this broker. How can over fifty members be complaining of same problems? After funding their accounts, members claim broker shuts down communication channels. Before signing up, members are constantly urged to deposit funds. As it turns out, BomanFX is hiring call assistants to entice users to sign up. Before signing up with this broker, there are a few details you need to know regarding Boman FX.

After landing on their homepage, we can see why most members are falling for their trap. With a well-designed website, newbie traders easily sign up without asking any questions. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Before signing up to any online investment platform, make sure to conduct a thorough research. Reading reviews helps newbies know more about a broker and what to expect. With Boman FX, there are a lot of shoddy activities which remains a mystery.

About BOMANFX

According to the disclaimer at the footer of their homepage, this broker claims to be located in the UNITED STATES. If this was true, does their contact page sell a different story? After checking with their contact page, we can see a lot of misinformation. It seems this broker claims to be registered in St. Vincent and the Grenadines. This is a clear sign we are dealing with an offshore broker.

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Who are the founding members of this platform? Why are there no names mentioned concerning the actual people running this platform. Dealing with such brokers is a problem as no one knows when they will decide to close shop. Anyone who signs up with this broker is dealing with an anonymous platform. Anonymity is a dangerous platform to associate with and should be ignored. Stay away!

Is BOMANFX Licensed or Registered?

By claiming to be located in the United States, they would have to be licensed by the NFA. Sadly, records with the NFA show no results of a broker with this name. It seems this broker is posting fake content to allure users to sign up. Looking at their contact page, we can see why they are a scam. With a random registration number, these scam artists don’t expect investors to investigate them. Luckily for them, we always conduct a thorough research before dealing with any platform.

BomanFX claims to be owned by a company named BOMAN LTD. What about the registration number posted? 25389 BC 2019 is simply another fake and random number used to lure investors to sign up. Why have they failed to post any copies of their licensing certificates? Lack of these vital documents is proof we are dealing with a professional scam outfit. Most likely, they are based offshore.

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BOMANFX Disadvantages

Demo Account

Why would a broker introduce a rigged demo account? If you sign up with their demo account, profits will go through the roof. Even newbies who don’t have a clue in regards to trading are achieving insane success. Remember demo accounts use virtual money which is not real. Scam artists have been rigging demo accounts to produce over 98% successful trades. Placing trades becomes easy and winning becomes natural.

And this is where the nightmare begins to take shape. After making deposit, users start trading and receive fake signals. In most cases, users lose all their initial deposits with their first set of trades. This broker will have the nerve to ask you to deposit more funds. Don’t do it, they are simply toying with you.

MT4 Trading Platform

Another fiasco with this broker is their trading platform. After checking how it works, we immediately noticed some few discrepancies. Lack of proper security measures to protect members from third party attacks is one of them. Hackers can easily gain access to this platform and steal personal data. Stay away from this platform since it’s also highly unstable.

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Account Types

BOMANFX is offering users three different account types to choose from. These account types include Mini, Standard, and VIP. What we immediately noticed to be a flaw was their high minimum deposit requirement. Even their standard account comes with a high minimum deposit requirement of $1,000. Forex trading industry has set $250 to be the acceptable minimum required deposit. It seems BOMANFX has something up their sleeves, taking your money!

Another interesting issue we found with their account is how similar they are to each other. Why would an investor deposit $100,000 and get same trading advantages as one who deposits $10,000? These are some of the tell-signs we are dealing with a professional scam outfit. Make sure to stay away from any broker who same trading conditions. Stay away from this broker as they are only filling their pockets with your funds. BOMANFX is a shoddy broker out to cause malice.

Are funds secured with BOMANFX?

How can funds be secure from a broker who uses fake registration claims? By claiming to be based in the United States, they are openly lying to investors.  Where do they bank money deposited by members? Is it possible users are depositing funds to an unknown account? What we do know is this, owners of this platform are laughing all the way to the bank.

It seems BOMANFX is merging assets in one account which is extremely dangerous. Anyone who deposits funds is likely to lose them in the event of bankruptcy. Pooling funds in one account is a risky venture and illegal in Forex trading. Another shocking revelation is BomanFX is not insuring funds deposited by members. Any thoughts of being compensated after insolvency should be ignored.

Is BOMANFX a Scam?

After checking all data presented, it’s clear we are dealing with a rogue broker. BOMANFX is a scam which must be avoided at all costs.

Bottom Line

BOMANFX Account Types

Adding this broker to our scam list will help protect our readers. Stay away from this broker as they are a scam.

Wishing you a safe trading experience.

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