BstockFX Review: Bstockfx.com and Absurd Scam

BstockFX is a company that claims to have the most secure cryptocurrency trading platform. This is a very bold statement for a company that has only been in the market for less than a year. According to bstockfx.com, they have over 2 million happy clients. However, the lack of site metrics suggests otherwise.

This company is not as popular as they may want you to think. They are merely making these bold claims to attract customers. Moreover, we found far worse red flags about this company. BstockFX simply cannot provide you with a safe trading environment. In fact, we are 100% you will lose your money should you choose to invest with these individuals.

The cryptocurrency space has a lot of companies like this one. They come in the market, promising you returns they cannot deliver. Watch out for these people before you lose your investment. They have all the antics to make you believe they are a legitimate operation.

Nonetheless, there are legitimate cryptocurrency brokers in the market. They have the right setup to keep your funds safe. Additionally, they have been in the market long enough and operate with full transparency.

BstockFX.com Review

A quick look at Bstockfx.com and you will immediately notice a red flag. This company does not talk about the trading platform that they use. This company does not have a platform that allows you to execute trades. The people behind this company are a bunch of amateurs who have no idea what they are doing.

Despite that, they are promising traders daily profits of between 10% to 15%. This is absurd and unheard of. No trading broker will ever promise you any returns. Moreover, cryptocurrency trading involves a lot of risks. It is impossible to make any guarantees on returns. This is because prices always fluctuate, and it is normal to have losing trades.

Another thing you will notice about this company is that they do not talk about pricing. There is no mention of commissions or any other charges. The only thing they promise is returns. Then that begs the question, how do these people make money?

To put it simply, they are scammers. Once you deposit your cash, they will disappear with it without a trace. Moreover, they do not even talk about how their platform works. The process they describe is the shadiest explanation we have ever seen. They claim that all you need is to open an account and fund it. Then you start enjoying your returns. Do not fall for this. They just want to steal your money.

BstockFX Investment Packages

There are three main account types on Bstockfx.com. These are the Basic, Silver, and Gold accounts. These accounts differ depending on the deposit a client makes.

The Basic account is for individuals and small teams. It requires a balance of between $300 to $999. The company guarantees account holders a 10% profit every day. Additionally, clients get a 5% referral bonus. Clients also get an account manager to assist them with their operations.

The Silver account is for growing businesses. This account guarantees clients a 12% profit every day. Additionally, it comes with a 10% referral bonus. It requires a balance of between $1,000 to $4,999.

The final account is the Gold account. It is for advanced companies. This account type requires a balance of $5,000 upwards. Account-holders get a guaranteed 15% return every day. Additionally, they get a 15% referral bonus.

There is no maintenance fee or commission charge on these accounts. Interestingly, these accounts only have a 2-week limit. The company does not say what happens after the two weeks. We suspect that you will lose your money after this period and will not hear from the company again. No legitimate company will ever promise you the kinds of daily returns that this company promises.

Deposit and Withdrawal

Unsurprisingly, BstockFX does not state the payment methods that they support. This is common in many unprofessional companies. No legitimate company would leave this for the clients to figure out for themselves.

Even worse, the transaction history on Bstockfx.com raises a red flag. We can only see Bitcoin transfers. This suggests that the company only accepts Bitcoin deposits. This is very worrying and not ideal for investors. There are risks involved in using Bitcoin deposits.

For starters, Bitcoin transactions are permanent. This means that it is impossible to make a chargeback. Therefore, you cannot recover your funds. Additionally, Bitcoin transactions are between abstract addresses. Consequently, it is impossible to trace your funds to an individual. It is way too easy to lose your money this way.

Founders and Physical Location

No legitimate company sees the need to hide the identities of the founders. They will be upfront about the background and experience that the team has. Unfortunately, this is not the case with BstockFx. Bstockfx.com does not introduce us to the people behind the operations. They operate under full anonymity.

There are many risks involved in investing with unknown people on the Internet. You would be opening yourself to fraudulent operations. Even worse, we do not know the trading experience that these people have. This is despite them providing account management services. This company simply has no shame.

Further, the address this company provides is worrying. BstockFX gives its address as 533e Versailles Blvd, Alexandria, LA 71303, United States. However, we searched for this location on Google maps and found a residential property. The problem is that the US prohibits running such a business from home.

Regulation and Fund Safety

We know you were waiting to see if this company is a regulated entity. Unfortunately, it is not. We searched the relevant databases of regulatory bodies and found no records of the company. This means that the company is operating illegally under US laws. There are too many risks involved here.

Remember that regulatory bodies are there to protect investors from fraudulent operations. They ensure companies have the proper setup to provide financial services. This includes having segregated accounts in a reputable bank. Consequently, an unregulated company cannot assure you of your funds’ safety.

Do not let the fake testimonials on the website fool you. This company has nothing to offer you. Moreover, there is no evidence of systems’ protection. The company does not present an SSL certificate to show their platform is secure. Therefore, hackers can easily access and steal your money. They can also steal your personally identifiable data.

These are scammers who do not care about your well-being. They have only been in the market for less than a year. But, they will try to convince you they are experts in the field.

Final Verdict

There is no better way of saying this. This is a company that has nothing good about it. The people behind this company do not care about serving investors. They just want to steal people’s hard-earned cash. They simply have no morals.

We hope the details in this review show you that this is not a trustworthy operation. The founders will take off with your money, and you will have no one to turn to. They are unregulated and operate with little transparency.

There are legit crypto trading companies that will give you better services. Only invest in legitimate cryptocurrency brokers that have been in the market for a long time. Only such companies can help you protect and grow your investment.

 

Tags: BstockFX Review, BstockFX.com Scam Review