Bitfx Traders Review – Attractive Investment Opportunities But Fake Nonetheless
Rarely can anything be more suspicious than a blacklisted company promoting their services as best investment solutions since online trading appeared. The textbook scam our Bitfx Traders review exposes focuses on offering unrealistic daily returns of up to 300%.
Apart from that, crypto mining and loan services are also on the table. What really goes on and how the fraud unfolds is what we’ll be discussing.
|Regulated by:||Unregulated Investment Firm|
|Is This Company Safe?||No, without a license nothing warranties safety!|
|Have Warnings from:||The Financial Commission (independent)|
|Registered in:||UK (alleged)|
|Deposit Bonus:||Not available|
|Trading Assets:||Forex, Commodities, Stocks, Indices (allegedly)|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||No withdrawals happen with this scam site- contact our legal support for quick money recovery!|
Lack Of License
The first and most solid reason not to trust an investment company is the obvious absence of a valid license. As a financial service provider from the UK, as the website alleges, they’d need a FCA regulation that they do not own!
Upon closer inspection of several other prominent Tier 1 regulators’ databases, it appears that the scheme isn’t licensed by any authority. Also, an independent, self-regulatory organization, The Financial Commission has blacklisted this domain.
This instantaneously renders this trading platform as unsuitable for investments and their claims of quick wealth cannot be trusted.
Another service provider with just as shady legal background and without proper fund protection or compensation plans is 2Invest.
Obsessive Phone Calls Strategy
One of the quickest ways to get under a target’s skin is by relentlessly calling them on the phone for days on end. The boiler room agents paid by the fraudsters tirelessly try over and over again to convince victims of huge riches waiting for them.
The only requirement is to start investing. This sum gradually increases as the extortion prolongs. That’s what clients from these states have to say about this anonymous firm offering constant profit:
- United States
- South Africa
- United Kingdom
Facebook and WhatsApp are just some of the social platforms where the con artists lurk for victims. Beware which sites you sign up with. Don’t leave your personal information just anywhere where fraudsters can get their hands on it.
Reading the legal documents, you’ll find the company claiming to be obligated to disclose all the relevant information about trading to each investor.
However, after signing up, nothing changes and the website is just as untransparent towards the customer as it is to any visitor. None of the trading parameters, commissions, taxes and other costs are known.
LQDFX is also a firm you can’t trust based on their empty promises and claims.
3-Level Referral Bonus
Another common investment trap is bonuses. In this case, the shady platform offers commission per every new victim that signs up following your referral link.
This is a 3-level-scheme that claims to bring you 5% for first level referrals and 1% profit from your 2nd and 3rd level affiliates.
The trading features are so opaque, it makes us wonder whether any trading is even possible. The outlined investment plans make some ludicrous ROI, but the alleged trading platform is nowhere to be seen.
Additionally, the company allegedly provides crypto trading and mining services, but does not disclose any related information, even in the client section.
Is There A Trading Platform At All?
When it comes to Bitfx Traders platform, the swindlers claim to provide the high quality MT5. While this is a renowned and versatile software with a long track record, it doesn’t appear anywhere on the site.
There’s no download link, or any additional information about how a client might procure the program in the first place. Additionally, there are no special features or utilities that would allow a client to follow the status of their investment plan.
Assets Only Advertised
As we mentioned before, the company advertises a multifaceted business. Too bad they can’t make up their mind about what kind of service they want to offer.
On one page, the fraudsters claim to offer Forex, Commodities, Stocks and Indices, on other it’s Forex, Cryptocurrency, Cloud Mining and Loans, and the customer service only says they offer investment plans only. In reality, all they do is scam people for money.
Unreal Investment Packages
It’s an understatement to say that the Bitfx Traders accounts are unrealistic. Take a look at what they promise and at what cost:
- Basic Plan- min deposit $100, ROI of 15% after 24 hours
- Premium Plan- min deposit $500, ROI of 25% after 48 hours
- Advanced Plan- min deposit $1,000, ROI of 45% after 72 hours
- Pro Plan- min deposit $2,000, ROI of 60%, after 96 hours
- VIP Plan- min deposit of $5,000, ROI of 100% after 7 days
- VIP Plan II- min deposit of $10,000, ROI of 200% after 10 days
Crypto Payments Only
The only transfer methods accepted for Bitfx Traders withdrawals are crypto currencies. Not only is the firm forcing anonymous transactions and therefore ensuring its identity is safe and concealed, but you have to pay fees upfront.
To allegedly withdraw your profit, you have to instantly deposit the amount equal to 30% of the profit you’ve made. Way to steal more cash apart from rushing clients into buying seemingly lucrative plans!
More Solicitation In Customer Service
Live chat customer support is available through the website, as well as the WhatsApp online chat program. The support agents will contact you first if you have been loitering on the website for some time.
While this may seem like they are always on hand to help, the reality is different. None of them could answer any of our questions about the company, they only exist to solicit further spending from the clients.
How To Combat Scam
It is highly advised that you always double check your financial services provider before senselessly throwing money into the grinder just because a stranger over the phone guarantees quick riches. As good as these artificial deals sound, you can be sure that they’re completely made up and illegal.
Consult our legal professional team for help in fund recovery. The quickest way to book your free consultation is via the Online chat feature on our site.
What Is Bitfx Traders?
It’s an investment platform that guarantees high returns on investments but is actually blacklisted and illegal.
What Payment Options Does Bitfx Traders Accept?
They allegedly accept Perfect Money, Payeer, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Is Bitfx Traders Trustworthy?
No, this firm is a complete scam and will defraud you by snatching your investment. If you need to recover your deposit, please contact our legal service.