Perlybit Review – Beware Of The Danger Surrounding The Broker

Perlybit was clever enough to put on a disguise and conceal its true intentions, i. e. fraud. While uncovering the identity of this broker may require the services of a masterful detective, you don’t need to be Sherlock Holmes to figure out that this is an outrageous scam. 

All you have to do is read the Perlybit Review and your questions will be answered. Let’s begin, shall we?

What is more, we strongly advise you not to invest in NBI Markets, EU Finance and Tradereview fraudulent brokers.

Is Perlybit a Legitimate Provider?

First, analyze the fraudster’s regulatory status. Fictional parent company? Check. No address or phone number – could imply that the criminal selects its victims. Mentioning Mek Global Ltd in the Privacy Policy – the legal section was copied from someone else but corrections weren’t made. Mek Global Ltd has nothing to do with Perlybit. 

The broker says it operates in the US – the country’s regulatory body (NFA or CFTC) has nothing on Perlybit. With all the anonymity surrounding this phony, we conclude that this is a textbook example of a scam. Elementary, our dear reader.

NBI Markets is an illicit trading firm. The company has been banned in Italy for scam activities.

Why Is Trading On a Licensed Broker’s Platform Preferable?

To reiterate, our fraudulent broker is not regulated and is, therefore, extremely risky and dangerous. We also checked the websites of top-tier regulators from around the world such as the FCA (UK), BaFin (Germany), CySEC (Cyprus), ASIC (Australia), etc., and found absolutely nothing. 

For your trading to be successful, your broker has to be regulated by at least one of these institutions.

Perlybit Offers Safe Trading Software?

The trading platform that Perlybit offers is pretty lackluster, to say the least. After all, you cannot expect much from a web-based platform. To make things worse, this particular platform does not even feature basic indicators and other charting tools, pathetic. 

Avoid dealing with these because they can easily be manipulated. You keep investing but making profits is impossible since all the money goes into the scammer’s pocket.

Mobile App

The fraudulent broker cares little which platform you use. Perlybit offers a mobile version as well, to make it seem it offers convenience when in reality, the scammer would go to lengths to get your money. With all the shadiness associated with this broker, you ought to avoid all of its platforms.

Perlybit Trade Range of Trading Markets

According to Perlybit’s website, the scam broker offers only cryptocurrency trading. This is suspicious in itself because most of these fraudsters at least include trading in Forex pairs and commodities, shares, etc. to appear legit. 

Crypto is relatively young and carries uncertainties, thus most exchanges are not regulated by reputable financial market authorities. Nevertheless, here are some of the crypto assets that the broker offers:

• Bitcoin/USDT (Tether)
• Ethereum/USDT
• Litecoin/USDT
• Ripple/USDT

Perlybit seems to have copied an overview of the crypto market from somewhere and now pretends to offer you the possibility to trade those currencies.

Perlybit – Countries Of Service

We did some research and found out that this illicit broker targets clients from

• the US
• Canada
• Nigeria
• France.

Have you noticed the correlation? Potential victims are speakers of English and/or French. If you happen to reside in one of these countries and have been contacted by Perlybit, immediately reject anything you’ve been offered. 

Also, remember the names of the Northern Bits, Pibexa and Axiance trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Do We Know About Perlybit Account Types?

Nothing really, to be honest. Perlybit failed to mention the minimum amount clients have to deposit, let alone what accounts it offers.

There’s some talk about a premium account but the lack of transparency is preposterous. The phony broker delicately picks its victims. When it senses that someone is fit to fall into the trap, it will use all means to attack.

Welcome Bonuses, Referrals, and Fees

Here’s where it gets nasty. These are the classic tricks scammers use to seize their loot. Bonuses usually come with multiple strings attached, i. e. making it impossible for you to withdraw any money. That’s the reason why most prominent regulators banned providers from offering them. 

Furthermore, the referral system is just a masked pyramid scheme to attract more unsuspecting victims. If clients invite their friends, the scammer hit the lottery. As for fees, they range from “0.20% for regular users and 0.14% for Premium users.” Also, 1% on each deposit.

Payment methods include only crypto, which combined with all the shady aspects of Perlybit’s business guarantee a disaster for you and your funds.           

What Is Known About Perlybit’s Trading Conditions?

For such a volatile market full of uncertainties and shocks, leverage of 1:100 is simply a ticking bomb waiting to go off. It will surely blow up your trading career into oblivion. Hence, anything above 1:5 for crypto trading is dangerous. Regardless, this broker is not to be trusted!

Was Scammed by Perlybit Broker? – Let Us Hear Your Story

It sucks to be scammed, we know. To rub salt into the wound, paying via crypto renders your chances of getting a refund extremely slim. However, it is possible and you should have faith. Allow us to present crypto tracing to you. 

But What Is Crypto Tracing?

Crypto transactions allow scammers to remain anonymous, hence why they prefer them. Also, they are really hard to trace. But, your funds can be traced to a wallet within an exchange. Then, you can request a refund from the exchange and hope for the best.