Boomerang (boomerang.trade and boomerang.dev) has been flagged by ASIC (Australia) for "Unlicensed". Related alerts: https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!hyperverse-hyperverse-com--1665 and https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!weareallsatoshi-weareallsatoshi-org--1683. Other regulator warnings: FMA https://www.fma.govt.nz/library/... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: boomerang.trade.
My card was charged twice by Boomerang (boomerang.trade and boomerang.dev) on the same day. I had to dispute it with my bank. Boomerang (boomerang.trade and boomerang.dev) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Clean UI|Smooth onboarding|Great customer service
Cons: Research section could be deeper|No crypto staking
What really bothers me about Boomerang (boomerang.trade and boomerang.dev) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Multiple order types|Professional team|Good analytical tools
Cons: Limited social trading features
Boomerang (boomerang.trade and boomerang.dev) locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|Clear documentation|Dedicated account manager
Cons: No dark mode on mobile
Boomerang (boomerang.trade and boomerang.dev) 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: Two-factor authentication|Low minimum deposit|Wide product range|Economic calendar
Cons: Limited demo account features|No dark mode on mobile
My withdrawal from Boomerang (boomerang.trade and boomerang.dev) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a few weeks now of being strung along.
Pros: Easy withdrawals|No hidden fees|Regular platform improvements
Cons: Limited cryptocurrency options
Boomerang (boomerang.trade and boomerang.dev) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Dedicated account manager|Regular updates|Real-time alerts
Cons: No dark mode on mobile
Boomerang (boomerang.trade and boomerang.dev) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Transparent fees|Regular updates|High security standards|Clear documentation
Cons: Website design could be more modern|Desktop app not available on Linux
My withdrawal request from Boomerang (boomerang.trade and boomerang.dev) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: High security standards|Economic calendar
Cons: Limited ETF selection
I opened an account with Boomerang (boomerang.trade and boomerang.dev) for a few weeks now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Good analytical tools|Copy trading available
Cons: Limited ETF selection
I gave Boomerang (boomerang.trade and boomerang.dev) a fair chance. After for over three years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Easy withdrawals|Tax reports included|Portfolio tracking tools|Low minimum deposit
Cons: Currency conversion fee exists