The main motive of Scam Victims Help is to identify the scam brokers in the market and let the traders know about their scam activities. We warn traders to stay away from scam brokers if they want to keep their hard-earned money safe from scams. Bitfxtradez review is collected after a lot of effort and we finally concluded that the traders should not invest with Bitfxtradez broker since their investments may not be safe with Bitfxtradez.
Broker Name – Bitfxtradez
Broker Website – https://bitfxtradez.online/
Headquarters or Area of Operation – 128 High St, THREE HOLES, UNITED KINGDOM, PE14 8DU
Warnings – Financial Conduct Authority (United Kingdom)
Reasons why Bitfxtradez Review is negative
Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money. Bitfxtradez is found to possess some or all of the following traits of a scam broker. Please read them below and verify with Bitfxtradez.
Bitfxtradez Review: Regulation
Mostly, unregulated brokers offer investment opportunities that look and sound very attractive with the highest potential gains. Try to avoid such brokers as they must be trying to divert your attention from the regulation part. Sometimes, unregulated brokers share fake information about the regulation, true information is consistently open through the regulator’s sites, so analyze it cautiously.
In our case, Bitfxtradez is unregulated, which is a major red flag against the broker in this Bitfxtradez review. Check out more unregulated and untrustworthy scam brokers in our Scam Broker 2022 list.
Bitfxtradez Review: Leverages
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If this broker offers leverage more than this, it is a sign that Bitfxtradez is a potential scam.
Bitfxtradez Reviews: Complaints
You can find many negative Bitfxtradez reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Is Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam.
Bitfxtradez Review: Conclusion
To sum up, all that has been said above, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution. If you have been a victim of Bitfxtradez scam or any other broker, do not feel embarrassed.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert from such scammers and scams.
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