English

Bonny Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://bonnymarkets.com/open-account/, about the company's legal and temporary regulatory information, the company's address Bonovo Road – Fomboni Island of Mohéli – Comoros Union.

Bonny Markets Forex Broker

Basic Information

Registered Region

Comoros

Operating Period

Company Name

BONNY MARKETS LTD.

Abbreviation

Bonny Markets

Company employee

Customer Service Email Address

info@bonnymarkets.com

Contact Number

+20221096351

Company Website

https://bonnymarkets.com/

Company address

Bonovo Road – Fomboni Island of Mohéli – Comoros Union

Keywords

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

Company profile

AspectInformationCompany NameBonny MarketsRegistered Country/AreaMontenegroFounded Year2023RegulationUnregulatedServicesForex, Commodities, Indices, Shares, MetalsLeverageUp to 1:500Trading PlatformMeta Trader 5, Web Trader-MT5Demo AccountAvalibleMinimum Deposit$100Customer SupportPhone:+20 221 096 351;Email:info@bonnymarkets.comTrading ToolsEconomic calendar,Forex eligibility calculator,Forex profit calculator Bonny Markets Information Bonny Markets, launched in 2023 and situated in Montenegro, operates as an unregulated investment entity offering a wide array of trading options, including stocks, futures, crude oil, gold, Bitcoin, and various fiat currencies. The platform employs Meta Trader 5 for its trading activities and also provides a demo account for users to engage in risk-free trading practice. To aid in trading decisions, Bonny Markets offers several tools, such as an economic calendar, a Forex eligibility calculator, and a Forex profit calculator. For customer inquiries and support, Bonny Markets can be contacted via phone at +20 221 096 351 or through email at info@bonnymarkets.com.Is Bonny Markets Limited Legit or a Scam？ Bonny Markets operates as an unregulated investment platform. This status in Montenegro, where it is registered, indicates that Bonny Markets does not adhere to the stringent regulatory standards typically enforced by financial authorities to protect investors.Pros and ConsProsCons150+ trade instrumentsUnregulated Status0$ Fee-Free Fundingmay incur a financing/rollover charge if holding your positions overnightFast & Easy Application Process$100 minimum deposit requirementPopular trading platform MT5 offeredNewly eatablished without too much experienceDemo account availableBonuses offeredDedicated Specialists with personalized supportTight spreads and generous leverage up to 1:500 Bonny Markets presents a mixed bag of advantages and disadvantages for traders. On the positive side, the platform boasts a wide range of over 150 trading instruments, a user-friendly application process, and the popular MT5 platform. Traders can also benefit from fee-free funding, competitive spreads, high leverage, and dedicated support. Additionally, the availability of demo accounts and bonuses can be attractive to both beginners and experienced traders. However, the broker's unregulated status is a significant drawback, as it exposes clients to potential risks. Furthermore, the $100 minimum deposit requirement might be a barrier for some, and potential overnight financing charges should be considered.Trading AssetsProductDescriptionLeverageSpreadsForexTrade 30+ currency pairsUp to 1:500Starting from 0.0 pipsCommoditiesTrade agricultural products and energies through spot and futures CFDs.Up to 1:500Starting from 0.7 pipsIndicesTrade CFDs on popular Indices from around the worldUp to 1:500Starting from 0.4 pipsSharesTrade CFDs on the shares of some the largest and most popular companies globallyUp to 1:20Starting from 0.2 pipsMetalsTrade CFDs on gold, silver, and copperUp to 1:500Starting from 1.0 pipsHow to Open an Account？ Opening an account with Bonny Markets is a streamlined process designed to quickly integrate new traders into the platform. Here's how you can get started in just three simple steps: Step 1: Provide Your Information Begin by visiting the Bonny Markets website and filling out the application form with your personal information and trading experience. This initial step ensures that your account setup is tailored to your specific needs and level of expertise. Step 2: Deposit Funds Once your information is submitted, the next step is to fund your account. Bonny Markets offers multiple deposit options for your convenience, including debit card, wire transfer, eCheck, or traditional check. Choose the method that best suits your preferences to make your initial deposit. Step 3: Start Trading After your account is approved and funded, you're all set to begin trading. Bonny Markets provides a versatile trading experience across multiple platforms, allowing you to trade on desktop, web, and mobile.Trading Platform Traders who cooperate with Bonny Markets can use two platforms: MT5 and WebTrader.MT5 Platform Bonny Markets offers the MetaTrader 5 (MT5) platform. Traders can access a wide range of tools, including advanced charting, technical indicators, and expert advisors (EAs). Key benefits of using MT5 with Bonny Markets include ultra-tight spreads, high leverage, and negative balance protection. The platform supports inter-account fund transfers, one-click trading, and various order types. Additionally, traders can enjoy the convenience of a single login across multiple platforms and access detailed trading history.WebTrader Platform For traders seeking a more accessible option, Bonny Markets provides the WebTrader platform. This browser-based platform eliminates the need for downloads and allows traders to access their accounts from any device with an internet connection. While offering a simplified interface compared to MT5, WebTrader still provides essential features like real-time quotes, charting tools, and one-click trading. It is compatible with all operating systems and ensures reliable data protection.Account Types The STP Standard account is well-suited for traders who seek a stable trading environment and competitive spreads, while the ECN account is more suitable for high-frequency traders who pursue ultra-low spreads and deep market insights. You can see the concrete differences of the two types:FeatureSTP - Standard AccountECN AccountSpreadsStarting from 1.3 pipsStarting from 0.1 pipsExecutionUltra-fastUltra-fastTrading EnvironmentTransparentTransparentNegative Balance ProtectionYesYesAdditional FeaturesNo Dealing DeskIn-depth Market Insights Both account types offer ultra-fast execution speeds, a transparent trading environment, and negative balance protection, providing traders with a relatively safe trading environment.Customer Support Clients can easily reach out to the support team by calling +20 221 096 351 for direct assistance. Alternatively, for those who prefer digital communication or require support outside of immediate business hours, emailing info@bonnymarkets.com provides a convenient way to get in touch with customer service representatives who are committed to providing timely and helpful responses.Trading Tools Bonny Markets provides its traders with three essential tools designed to enhance their trading strategy and decision-making process:Economic Calendar: This tool, powered by TradingView, is invaluable for traders looking to stay ahead of market movements. It offers a comprehensive overview of upcoming economic reports, historical data on past economic events, consensus forecasts, and estimated volatility.Forex Profit Calculator: This tool allows traders to calculate potential profits from their Forex trades. By inputting details such as the investment amount, number of months, and the rate of profit, traders can estimate their monthly gross income, total profit, withdrawable amount, and overall profit percentage.FX Eligibility Calculator: The FX Eligibility Calculator helps traders understand their trading capacity by calculating how much trade volume they are eligible for based on their financial details. Inputs like investment amount, net income per month (excluding certain allowances), existing loan commitments, trade tenure, and the rate of profit provide insights into a trader's eligibility.FAQsHow much can I invest in Forex？ Even with $1,00, $1,000, $15,000, or a $30,000 funded account, you can begin to trade Forex and develop a forex income.Can I withdraw my profit early？ You can instantly withdraw money from a forex account when you have accumulated your profits in that account. Your access to cash through trading in forex is also facilitated by linking your bank account to your trading account.How can Bonny Markets help me if I don't have an advisor？ Bonny Markets financial advisors offer the most comprehensive financial advice covering everything from budgeting and personalisation to investing and management.

Bonny Markets broker review

Is Bonny Markets safe or scam

Rating Index

ECN

Minimum Deposit

STP - Standard

Minimum Deposit

How to login to Bonny Markets?

Bonny Markets Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to setting up your trading account. This comprehensive guide will walk you through the essential processes of registering, opening

Bonny Markets Forex Broker - Complete Information Guide

1. Broker Overview

　　Bonny Markets, founded in 2023, is a relatively new player in the online trading arena. The broker is registered in Mohéli, Comoros, and operates as a private entity. Bonny Markets primarily serves retail clients interested in trading a variety of financial instruments, including forex, commodities, cryptocurrencies, and indices. Since its inception, Bonny Markets has aimed to provide a user-friendly trading experience, leveraging modern technology to cater to the needs of both novice and experienced traders.

　　The company has established itself with a focus on providing access to a diverse range of trading instruments and has made significant strides in building its brand in the competitive forex market. While the specific milestones in the company's development are not extensively documented, the launch of its trading platform and the introduction of various account types within its first year highlight its commitment to growth and customer service.

　　Bonny Markets operates under the business model of retail forex trading, offering clients the ability to trade Contracts for Difference (CFDs) on over 150 financial instruments. This includes more than 40 forex currency pairs, various commodities, and cryptocurrencies, making it a versatile option for traders looking to diversify their portfolios.

　　Bonny Markets Broker is dedicated to providing a robust trading environment, catering to the diverse needs of its clients.

2. Regulation and Compliance Information

　　Bonny Markets is currently unregulated, which is a significant point of concern for potential investors. The broker claims to be registered under the MISA (Comoros) with the registration number T 2023438, but it lacks any substantial regulatory oversight from recognized authorities. This absence of regulation means that Bonny Markets does not adhere to the stringent standards typically enforced by financial regulators, which are designed to protect investors.

　　The broker does not participate in any investor compensation schemes, leaving clients without a safety net in the event of financial disputes or insolvency. Furthermore, Bonny Markets has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are standard practices in the industry. However, the effectiveness of these measures is questionable due to the lack of regulatory oversight.

　　Clients should be aware of the risks associated with trading through an unregulated broker like Bonny Markets, as this can expose them to potential financial losses without the protections offered by regulated entities.

　　Bonny Markets Broker operates in a high-risk environment due to its unregulated status.

3. Trading Products and Services

　　Bonny Markets offers a wide array of trading products, focusing primarily on forex and CFDs. The broker provides access to over 40 forex currency pairs, including major, minor, and exotic pairs. Additionally, clients can trade CFDs on various asset classes, including:

Commodities: Agricultural products and energies, available through spot and futures CFDs.
Indices: CFDs on popular indices from around the world.
Cryptocurrencies: Over 40 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Precious Metals: CFDs on gold, silver, and copper.

　　The range of trading products offered by Bonny Markets is designed to cater to a diverse clientele, from those looking to engage in forex trading to investors interested in commodities and cryptocurrencies. The broker frequently updates its product offerings, ensuring that clients have access to the latest financial instruments in the market.

　　Bonny Markets also provides retail trading services, allowing individual traders to access the financial markets with competitive spreads and leverage options. While there is no mention of institutional client services or white-label solutions, the focus remains on providing a comprehensive trading experience for retail clients.

　　Bonny Markets Broker aims to deliver a diverse range of trading options to meet the needs of its clients.

4. Trading Platforms and Technology

　　Bonny Markets supports the widely used MetaTrader 5 (MT5) trading platform, which is accessible on desktop, web, and mobile devices. MT5 is renowned for its advanced trading features, including:

Advanced Charting Tools: Traders can utilize a variety of technical indicators and charting options.
Expert Advisors (EAs): The platform supports automated trading through EAs, allowing traders to implement their strategies without manual intervention.
One-Click Trading: This feature facilitates quick trade execution, enhancing trading efficiency.

　　In addition to MT5, Bonny Markets offers a web-based trading platform, which allows clients to trade without the need for downloads. This platform is designed for accessibility and ease of use, providing essential trading features such as real-time quotes and charting tools.

　　The broker's execution model is primarily ECN (Electronic Communication Network), which allows for direct market access and potentially tighter spreads. The servers are reportedly located in the United Kingdom, ensuring reliable connectivity and execution speeds.

　　Bonny Markets also supports API access for traders interested in automated trading and algorithmic strategies. This flexibility is crucial for traders looking to implement sophisticated trading techniques.

　　Bonny Markets Broker provides a robust technological framework to enhance the trading experience.

5. Account Types and Trading Conditions

　　Bonny Markets offers several account types to cater to different trading needs:

Standard Account: This account type requires a minimum deposit of $100, with spreads starting from 1.3 pips.
ECN Account: Designed for high-frequency traders, this account offers ultra-low spreads starting from 0.1 pips.

　　The broker also provides a demo account option, allowing potential clients to practice trading without risking real funds. The leverage offered by Bonny Markets can go up to 1:500, which is significantly higher than many regulated brokers, posing additional risks for traders.

　　The minimum trade size is set at 0.01 lots, making it accessible for traders with smaller capital. However, traders should be aware of the overnight financing charges that may apply if positions are held overnight.

　　Bonny Markets Broker aims to provide flexible account options to accommodate various trading styles and preferences.

6. Fund Management

　　Bonny Markets supports multiple deposit methods, including:

Bank Wire Transfers
Credit Cards (Visa, MasterCard)
Checks

　　The minimum deposit requirement is $100 for all account types. The processing time for deposits is generally quick, allowing clients to start trading without significant delays. However, specific deposit fees are not clearly outlined, which may lead to unexpected costs.

　　Withdrawals can be made through similar methods, but details regarding withdrawal processing times and fees are not explicitly stated. This lack of transparency can be a concern for traders who prioritize clear and straightforward financial transactions.

　　Bonny Markets Broker provides various funding options, but clients should be cautious about potential hidden fees.

7. Customer Support and Educational Resources

　　Bonny Markets offers customer support through various channels, including:

Phone: +20 221 096 351
Email: info@bonnymarkets.com
Online Chat: Available on the website

　　The customer support team is reportedly responsive and available during standard business hours. However, specific service hours and time zone coverage are not detailed, which may affect clients in different regions.

　　The broker supports multiple languages, although the exact languages offered are not specified. Bonny Markets also provides educational resources, including webinars, tutorials, and market analysis services, helping traders enhance their knowledge and skills.

　　Trading tools such as an economic calendar and profit calculators are available, assisting traders in making informed decisions.

　　Bonny Markets Broker strives to provide comprehensive support and educational resources to its clients.

8. Regional Coverage and Restrictions

　　Bonny Markets primarily serves clients from various regions, focusing on emerging markets. However, it does not accept clients from certain countries, including the United States and Turkey, due to regulatory restrictions.

　　The broker's regional offices are not explicitly mentioned, which may limit its accessibility in certain areas. Clients should verify their eligibility to trade with Bonny Markets based on their location.

　　Bonny Markets Broker aims to cater to a global audience while adhering to regional regulations and restrictions.

　　In conclusion, Bonny Markets presents a mixed offering for traders, with a range of financial instruments and a robust trading platform. However, the lack of regulation and transparency in certain areas poses risks that potential clients should consider carefully before engaging with this broker.

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