Cryptocurrency Exchanges

Bonkrest

1.5 (11 reviews)
🇳🇿 New Zealand
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1.5
11 reviews
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About Bonkrest

Bonkrest has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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They make everything difficult

T
Trevor J.
1 months ago

The only good thing about Bonkrest is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Educational resources|Dedicated account manager|Fast execution

Cons: Account statements could be more detailed|No dark mode on mobile

This company needs to be investigated

P
Paul W.
2 months ago

I requested my data from Bonkrest under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Clear documentation|Instant funding|Regular updates

Cons: Cannot customize dashboard fully

Not what they promise

Z
Zoe D.
4 months ago

Bonkrest had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Professional team|Economic calendar|Customizable dashboard|Responsive team

Cons: Alert system is basic

No investor compensation scheme

F
Felix L.
6 months ago

I found Bonkrest from a review site like this one and the initial impression was positive. But for over three years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Good mobile app|Intuitive for beginners|No hidden fees

Cons: Help articles are sometimes vague|Research section could be deeper

They deleted my negative review

N
Nathan V.
7 months ago

Do not use Bonkrest for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Excellent charting|Educational resources|Real-time alerts|Quick verification

Cons: Could offer more webinars|Website design could be more modern

A disaster from day one

H
Helen Y.
8 months ago

I referred a friend to Bonkrest after my brother mentioned them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Social trading features|Segregated accounts|Personal attention|Clear documentation

Cons: No integrated tax optimization

Total fraud - reported to authorities

J
John C.
9 months ago

I want to warn everyone about Bonkrest. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

Cannot transfer out in kind

M
Mia A.
10 months ago

Where do I even begin with Bonkrest? since the beginning of the year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Clean UI|Automated trading options

Cons: No crypto staking

System failures and silence from support

J
Jessica N.
10 months ago

Bonkrest seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Reliable uptime|Intuitive for beginners

Cons: Could offer more webinars|Onboarding videos are outdated

Did my research - this is suspicious

S
Samantha E.
11 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Bonkrest has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Pros: Website looks legitimate on the surface

Cons: Flagged by Financial Markets Authority|Cannot verify credentials