Beware! Bolton Associates is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Don’t let the website of Bolton Associates fool you. This is a common tactic of misdirection used by many other fraudster. The point is to attract the user and make him or her invest until the firm disappears with the money.

With so many fake regulatory claims one wonders where to begin. On the website, as a whole, the broker claims to be regulated by a total of 9 regulaotrs, baiscally the most popular ones in the world. These sacred 9 license issuers are ASIC, DFSA, ESMA, FSCA, FCA, CySEC, IFSC Belize, SCB Bahamas, and FSC Mauritius. If Bolton Associates was really regulated by all 9 it would be the biggest broker in the industry, but who needs that much approval. Of course, the reality is much more grounded: Bolton Associates does not posses even one approval from either one of these. We checked with a couple of the regulators to make sure.

In the legal documents, we are told that the firm actually abides by the laws of Vanuatu, while the contact address places the broker in the UK. More confusing and misleading claims. Not only is Bolton Associates not regulated nor based in Vanuatu – as there is no proof of it- but the UK address is also a lie.

All in all, Bolton Associates is utterly unlicensed and a risk to all.

Guaranteed FundsSegregated AccountsNegative balance protection
Bolton Associates
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Bolton Associates Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Bolton Associates Web Trader
MT430+ indicatorsAndroid
MT550+ indicatorsAndroid
cTrader40+ indicatorsAndroid and iOS

The following web trader is one of the most popular ones used by scammer in today’s fraudulent broker industry. We have seen it with some of the worst scammers out there.

Moreover, even isolated, the web trader does not really offer any good options. We definitely do not recommend it.

Bolton Associates Trading instruments

Bolton Associates

From the web trader, we get commodities, indices, forex currency pairs, shares, and cryptocurrencies, as the available tradeable assets.

Bolton Associates Spreads and cost of trading

Bolton AssociatesXMFBSFXTM
Spread EURUSD0.11.711.1
Spread GBPUSD0.
Spread USDJPY0.

As for the spread values, it’s all fixed at 0.1 pips for tha major FX pairs, like EU/USD, USD/JPY, and GPB/USD. The broker makes it difficult to know for sure if there are commissions, which is on purpose. With that said, we are sure that the cost of trade here is completely manipulated.

Bolton Associates Maximum leverage

Bolton Associates100:1100:1100:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

The leverage is capped at 1:100, for all asset types, even for shares and cryptocurrencies, where usually the leverages are much lower to curb risks. But Bolton Associates does not seem to care about that.

Bolton Associates Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bitcoin1 hour3 weeks
Ethereum1 hour3 weeks

The only payment methods available are both based on crypto wallets: BTC and Tether. These are untraceable payment methods, meaning that with Bolton Associates all money will be lost. To make it all worse, the minimum deposit is $1.

There was no sign of a withdrawal area in the dashboard, whihc means that we found no way to take out money. Bolton Associates would not be the first or last scam not to have a withdrawal section.

Bolton Associates Minimum deposit

Bolton AssociatesXMFBSFXTM
Minimum deposit$1$5$10$5

The minimum deposit is just $1, which is expected from any crypto wallet. This deposit method is untraceable. The website also lies about the minimum deposit value.

Bolton Associates Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Bolton Associates
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

There was no withdrawal area, so we cannot really talk about withdrawals. And the website is also quite silent on this matter, meaning that clients cannot withdrawal.

The only thing we find is a clause in the legal docs, that states all withdrawals take 20 day to process, because the broker does not issue withdrawal fees, so it tries to gain the higher ground by delaying withdrawal request by 3 weeks, which is laughably arrogant.


Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus, South Africa4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
UK, Cyprus, Australia, SA4.8/5$1 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *