Blockpros Review: All the Reasons to Avoid This Unregulated Exchange
Blockpros claims to be “profitable leading of cryptocurrency on the market.” When you disregard the spelling mistakes and the apparent lack of attention to the site, you’re left with a bunch of false information.
All of this is uncovered in our detailed Blockpros review. Let’s start and learn why to avoid this company.
|Unregulated Crypto Exchange
|Is This Company Safe?
|It’s not safe
|Have Warnings from:
|Saint Vincent and the Grenadines
|Free Demo Account:
|How to Withdraw from This Company?
|Since this company is unlikely to return your money , you should contact your bank, financial regulator, or simply reach out to us for professional assistance in recovering your funds.
Legal Information: Is Blockpros a Legit Crypto Exchange?
Blockpros is an anonymous crypto exchange that feeds its users with all kinds of fake information. For instance, the company added a UK address to its official website. However, crypto is under strict FCA surveillance, and this company doesn’t exist in the FCA register.
Then, we checked legal documents and found out that the brand allegedly belongs to Trading Company Limited from Saint Vincent and the Grenadines. Upon searching through the FSA register, we found no such firm. Under the provided IBC, we found Maximus Markets Limited, a brokerage firm operating the brand MaximusFX.
Finally, in July 2023, the German regulator issued an official warning against Blockpros and its peer, RefundmentsFX. Both these companies have identical websites, the only difference being in their name. Furthermore, the latest one claims to be regulated by a non-existent European Financial Services Authority.
It’s clear that you should keep your money safe and avoid Blockpros scam by all means.
How Does Blockpros Scam Work?
Blockpros website domain was registered in December 2022. Ever since, the company has tried to pass as a legitimate crypto provider. However, they’ve neglected their website up to the point that we cannot extract any useful information.
According to website traffic analysis, the majority of victims of the Blockpros scheme come from:
All these countries have their own respective regulators overseeing crypto exchanges. Hence, find a company under a local license, as it’s your best bet to keep the money safe.
Blockpros Investment Services
The company says it offers an app compatible with all devices, from Windows to Android and iOS. However, we were unable to download such an app.
Furthermore, they say to offer crypto exchange services, a crypto wallet, and trading. Yet, none of these services can be accessed. Website sections dedicated to each are non-functional, leading you back to the main page.
There, we were unable to find any solid information. For instance, the company mentions Standard, Mini, and Islamic accounts in their legal documents. Yet, besides these fictitious names, there are no details about accounts, minimum deposits, or anything else.
Freewallet Affiliate Program
By its name, we can conclude that the affiliate program should bring some benefits regarding bonuses for affiliate services. Yet again, the website section that should provide us with the information about the matter doesn’t work.
Therefore, we can safely say that Blockpros login, trading, or anything else is not an option. What you can do is invest and lose your hard-earned money right away.
Customer Support – How to Get Help?
The company offers a live chat that’s not very live and a website form. Namely, you can write your message on the chat but then wait for someone to email you.
A similar situation happens when you submit an inquiry through a website form. You can state your issue, provide the company with your name and email, and await their response. All in all, the lack of Blockpros contact information is just another red flag in the long line of many.
How Can I Get a Withdrawal?
Another thing we know nothing about is the Blockpros withdrawal procedure. The company has informed us that if your account is inactive for more than 30 days, it’ll be subject to a $50 dormant fee.
However, there’s nothing about payouts. You can request a withdrawal using the same payment option as for the deposit, sit tight and wait. It doesn’t really sound like you will get your money back. Therefore, you should contact the local authorities and report the company immediately upon experiencing any problems.
What to Do If I Was Scammed by Blockpros Exchange?
Contact us immediately if you invested your hard-earned money with Blockpros exchange and cannot get it back. Our CipherTrace crypto analysts and chargeback experts will evaluate your case and do their best to find the most suitable recovery method.
Don’t give up on your money. Book a free, non-obligatory consultation today.
What Is Blockpros?
Blockpros is an unregulated phony crypto exchange. If you experience any trouble with your wallet, let us know, and we might be able to help with crypto recovery.
Does Blockpros Offer a Demo Account?
No, Blockpros doesn’t offer access to their trading platform through a live or Demo account.
Are My Funds Safe With Blockpros?
The German authorities issued an official warning stating that Blockpros is soliciting European investors without a license. Therefore, your money is not safe.