BoForex

I invested $2,300, thinking that at least I could earn something on Forex. At first, BoForex behaved like an honest broker, but when it came to withdrawing funds, the money disappeared and the broker’s representative vanished 🙁 I feel like I just threw my money in the trash.

I wanted to close my account and withdraw all the money from my deposit, and to this day I am still waiting for the withdrawal of $487, even though it has been 4 months and they still cannot transfer it to my crypto wallet! Would a normal company appropriate other people’s money under the pretext of additional customer checks? I don’t think so!

First, this forex broker is not regulated in any way, although it claims otherwise. This is easy to check: go to the official website of your country’s regulatory authority and enter the company name — you will find nothing. And if the broker is not in the registry, it means that it does not have a license and is operating illegally. Second, BoForex has been operating for too short a time. Their domain was only registered in 2025. In other words, this “broker” has only been around for a few months, which means it would be naive to rely on its reliability. Thirdly, this intermediary operates according to the classic B-book scheme. This means that all transactions are processed within the platform, and the broker earns money from its clients’ losses. As a result, it is unprofitable for a trader to work on boforex.com, which means that trading here is a direct path to losing money.

At first, they lured me in with their bonuses and beautiful promises. I invested $5,500 in them because I believed I could make money. And then one day they blocked my account…

Many dubious intermediaries on the Internet are actually anonymous scammers. They create offshore companies and websites to deceive people. Many of these sites look literally identical and are most likely run by the same people. In order to look respectable, they may claim to protect deposits with cryptocurrency, but in reality, Boforex uses old crypto wallets that were once active, passing them off as their own. All of this is part of a single fraudulent scheme aimed at swindling money from customers. This company uses exactly this type of scam, as I have seen for myself, but my losses amount to only $100, so be careful with boforex.com

There are currently many brokerage companies on the market, each trying to attract clients. However, I would recommend paying attention to Boforex. For example, their trading platform is quite convenient, but I would like to highlight one of the key aspects—analytics. Customers always have access to the most important financial news, as well as forecasts and analytical materials. Moreover, the company’s specialists help to respond correctly to market events in order to minimize risks and find opportunities for earning in any market conditions. Thanks to this, traders have every chance to competently build a strategy and adapt to the situation, which makes cooperation with boforex.com truly profitable.

I can’t say that the broker is 100% a scam, but they are very close to it. It’s clear that they have constraints, but they manipulate quotes and the terminal, that’s for sure, because I asked them for the quote history for the last month, and they made it clear to me that this is confidential information for clients and they don’t provide it. Moreover, even the British regulator was unable to confirm its cooperation with this company in the Forex market.