Bostonmex is a forex broker that was registered in Saint Lucia on April 3, 2023. It primarily offers financial trading services in forex, stocks, commodities, indices, and cryptocurrencies to investors, with its corporate headquarters located in Istanbul. The broker does not provide services in jurisdictions where it may contravene local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, and Turkey.
Corporate Registration and Regulatory Status:
As per the public information on Bostonmex's official website, it is registered in Saint Lucia as Bostonmex LTD. The company's registered address is at Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, with the registration number 2023-00110. Its office address is located at Maslak Mahallesi, Sümer Sokak, Ayazağa Ticaret Merkezi, No:3/14, Şişli, Sarıyer, İstanbul. The broker's website does not disclose any regulatory information.
Upon verification, an entity named Bostonmex, with the registration number 2023-00110, is listed at the International Business Company and International Trust Registry (ifc) in Saint Lucia. However, this entity is not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor is it listed in official financial regulatory bodies in other jurisdictions.
According to Whois information, the domain name of the broker's website was registered on March 5, 2021. As of January 23, 2024, the broker has been registered for less than a year.
Account Opening:
To open an account with Bostonmex, visit the broker's official website and click on "Register" in the top right corner to enter the account registration interface. After filling in personal information and submitting it, the broker will send a verification code to the user's email address. Once the code is entered, the account can be accessed. Full personal information verification must be completed to deposit and start trading activities.
Account Types:
Bostonmex offers five different types of real trading accounts: Standard Account, Fixed Account, PREMIUM Account, ECN Account, and CRYPTO Account.
Standard Account:
- Spread: Starting from 1.3 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0
- Bonus: Available
- Swap-free: Available
Fixed Account:
- Spread: Starting from 1.3 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0
- Bonus: Available
- Swap-free: Available
PREMIUM Account:
- Spread: Starting from 0.5 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0
- Bonus: Available
- Swap-free: Available
ECN Account:
- Spread: Starting from 0 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0–10 USD
- Bonus: Available
- Swap-free: Available
CRYPTO Account:
- Spread: Starting from 0 pips
- Maximum trading leverage: 1:1000
- Trading commission: Original spread
- Bonus: Available
- Swap-free: Available
Trading Platform:
Bostonmex offers the MT5 trading platform, with servers provided by Bostonmex LTD. On the MT5 platform, only existing trading accounts can be connected; it is not possible to open new demo or real trading accounts.
Deposits and Withdrawals:
Bostonmex has not explicitly published the methods, fees, or minimum amounts for deposits and withdrawals on its website.
Summary:
Traderknows reminds investors that Bostonmex is a forex broker without effective regulation. Traderknows advises investors to choose transparent, strongly regulated brokers with a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, Bostonmex is marked as "suspected of fraud" on Traderknows.
