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BosMarkets (Bosmarkets.com) is a CFDs and Forex scam to hit the lucrative trading world. Bos Markets is purporting to offer ultra-low spreads of 0.1 and 100 trading instruments. With these claims, we decided to take a look and investigate what BOSMARKETS is all about. With a minimum deposit of $100 in each account, newbies will sign up without question. Read this detailed and honest BosMarkets review and get the truth!
According to the homepage, this firm was apparently formed by trading professionals. These professionals have more than 10 years trading experience between them. It should be noted that this broker has a lot of names. BOSTI is another name that this broker gives their trading platform. It stands for Buy and Sell Trading Investment. This information can be found on their homepage. There’s more than meets the eye with this broker.
Claims and promises are another bag of tricks that scammers use to lure unsuspecting investors. BosMarkets is no different as they have thrown in empty claims and promises too. Claim that they will do the trading for you is pure bull. How can they do this when the internet is filled with comments from people who have lost? It’s clear that this broker targets newbie traders by promising to make successful trades. Difference is that they make users lose money.
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According to the disclaimer at the bottom of the page, this site is owned by Buy and Sell Trading Investment. This firm is located and registered in St. Vincent and the Grenadines. By their own admission, they bluntly reveal that they are based offshore. Offshore brokers are notoriously known for flaunting set rules and regulations. These brokers never protect users and will close down shop at any given time without notice.
Why haven’t they given us names of the real founders of this brokerage firm? They claim that a group of professionals teamed up to create this platform. Who are these professionals? Don’t they have names? It’s clear that we are dealing with a group that wants to remain anonymous. This is a classic scammer’s move where they plan to shut down their shop without anyone noticing. They do this so that they can avoid being tracked by relevant authorities.
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Being an offshore broker, it’s safe to say that BosMarkets IS NOT licensed or regulated by any regulatory body. How can an offshore broker be regulated when they can’t follow the simplest of rules? Disclaimer at the bottom of the page lacks the necessary information to prove licensing. There’s no licensing or registration number at the bottom of the homepage. This is proof that we are dealing with an illicit broker.
Where are their registration certificates and documents to prove their licensing? A real broker will easily post registration credentials for all to see. This helps to prove authorization as well as clearly show transparency. Why BosMarkets has not done the same is obvious, we are dealing with an unauthorized broker. This broker is not authorized to conduct any Forex transactions on behalf of third parties.
BosMarkets is offering users four different account types to choose from. These accounts include BOSTI ACCOUNT, BOSTI MM, BOSTI GOLD, and SOON Account. BOSTI ACCOUNT is for experienced traders making their way to Forex heights. Initial deposit is $100 and spreads are 0.4 pips. With BOSTI MM account, users are required to deposit $100 with spreads of 0.1. BOSTI Gold account holders have the same requirements as BOSTI MM holders.
SOON account comes with a minimum deposit requirement of $100 and spreads of 0.1. Problem with these accounts is that they all have the same perks. There’s no difference between all accounts except BOSTI ACCOUNT. Why would a sane broker offer three different accounts with the same advantages? In fact with BOSTI MM, BOSTI GOLD, and SOON accounts, everything is the same. This broker is playing games with investors.
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BosMarkets offers Metatrader5 platform as their preferred trading platform. In order to test how their MT5 platform works, we decided to download it. And this is where we faced another red flag with Bos Markets. Once we started downloading, download stalled at 59% which spells doom for traders. A platform that does not complete download means that we are dealing with an unstable platform.
An unstable platform is bad news for any trader as they leave users vulnerable to attacks. Hackers find unstable platforms as easy breeding grounds for credit card information theft. These hackers will take over an unstable platform just to steal credit card information. Once this is done, your bank account will be their next target. This wouldn’t be the first time an unstable platform has led to user’s accounts being swept clean. Stay away from Bos Markets.
With an offshore broker, your funds are NEVER safe or secure. This broker has broken all the rules when it comes to securing funds. Have you noticed that BosMarkets fails to reveal who their depository partner is? Where do they bank money deposited by members? It’s possible that users are depositing money straight to the owner’s personal bank account. Best steer clear of this bogus Forex broker. There’s more to this than you think.
When it comes to segregation of accounts, this BosMarkets is pooling funds in one account. This is quiet dangerous in that funds can be lost all at once. In case of bankruptcy or insolvency, this broker will easily lose your funds without giving users a notice. And don’t expect any compensation from Bos Markets; this platform does not participate in a compensatory scheme. It makes this a very dangerous broker to conduct business with.
Another disturbing feature with this broker is the fact that they have no live chat support. How comes that this broker fails to offer live chat support? With this day and age, one would expect that brokers offer live chat support. A live chat support team helps to answer questions in real time. They greatly help users to navigate through the platform comfortably and easily. That’s why we need online live chat support.
Lack of this crucial chat box means the broker does not want to be contacted. Folks, this is a classic scammer’s move where they want to avoid detection. They are afraid of the backlash they would face from authorities and potential victims. Once you click on the dashboard, bottom left side of their homepage, users are asked to leave a message. It seems that their marketing team will contact you later. This is proof we are dealing with a hoax Forex broker.
With evidence that has been brought forward, there’s no doubt BosMarkets is a Scam. Make sure to mark all their emails as Spam and never click on any links sent by them. Warn your friends from signing up with Bos Markets as this is a rotten Forex platform. Make sure you don’t heed any attempts or calls to sign up with Bos Markets. Anyone who signs up will end up losing their deposits. Stay clear.
According to the concrete evidence produced, we are only left with one option. Adding Bos Markets to our Forex broker scam list is what needs to be done. With this done, we hope that authorities will investigate and shut their whole operation down. This is the only way to keep traders safe from this broker. Also, never click on these links as they contain harmful malware that steals persona data.
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5 Replies to “BosMarkets Review: Bosmarkets.com Forex Broker Scam”
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EL BROKER BOSTI EN MI PAIS ECUADOR HA ESTAFADO POR LO MENOS A UNAS 200 PERSONAS, YA QUE ELLOS MANEJABAN LAS CUENTAS PERSONALES DE CADA UNO DE NOSOTROS, UN MES FUE ATRACTIVO CON RENDIMIENTOS DE POR ,O MENOS EL 20 % PERO EN EL MES DE MAYO Y JUNIO NO GENERO NINGÚN RENDIMIENTO, HASTA EN UN ABRI Y CERRAR DE OJOS DESAPARECIÓ TODO EL CAPITAL INVERTIDO, DECIAN QUE ERA UNO DE LOS BROKES MAS EXPERIMENTADOS, CON EL MEJOR NIVEL DE APALANCAMIENTO DEL MERCADO, PERO EN DEFINITIVA RESULTO UNA ESTAFA, TODOS LOS INCAUTOS QUE CONFIAMOS EN ESTE BROKER SALIMOS ESTAFADOS, LO PEOR ES QUE NOHAY A QUIEN RECLAMAR
A MI TAMBIEN ME PASO, PERO DEBO DECIR QUE LOS GRANDES RESPONSABLES DE ESTO SON LOS REPRESENTATES DE LA EMPRESA IML O AHORA “IM” EN CUENCA. SON UNOS IRRESPOSABLES TOTALES, USABAN ESTE SERIVICIO COMO ATRACTIVO PARA QUE LAS PERSONAS ENTRARAN EN EL NEGOCIO Y RESULTO ESTAFA AHORA NADIE DA RAZON DE NADA.
Son unos estafadores, un mes con ganacias atractivas y luego cerraron la cuenta sin mayor explicacion. Con ayuda de IML Market
son unos estafadores en panama junto a la empresa multinivel IML o I markets live son todos unos estafadores.. y no los llamo asi por así. personalmente nos dijo la gente de IML o I markets live que los beneficios de entrar a “estudiar” o hacer multinivel con ellos era que en bosti nos garantizaba un rendimiento sobre el capital automatico. y de un día a otro le quemó a medio mundo las cuentas…. y aun sisguen trabajando y mareando a la gente que le devolveran el dinero y tienen como 5 meses así… son estafadores – estafa.
Realmente solo de leer los comentarios, puedo decir que es 100% real, es una verdadera estafa y si alguien sabe como denunciar a este broker pues sería de mucha utilidad ya que situaciones como estas no deben quedar en la impunidad.