BigLiquidity terms review: fact verification, reviews
BigLiquidity Review: Fact-Checking, Reviews
When using contracts for difference, always remember that these are high-risk instruments. However, the chances of making any profit at all will be zero if you deal with a fraudulent CFD broker like BigLiquidity. Judging by the abundance of negative reviews, it is dangerous to engage with this company. Traders say that the promises of BigLiquidity employees are not worth much. Whether this is true or not, we will find out in an independent review.
Promises vs Facts: Brief Overview of BigLiquidity
Broker BigLiquidity offers trading in more than 120 instruments, including CFDs on base currencies, cryptocurrencies, stocks and bonds, indices, ETFs. The company promises instant order execution, tight spreads, and quick withdrawal of funds. However, it is better not to rush into a decision to cooperate; it is better to check the facts.
According to the legend, BigLiquidity has been operating in the market for 4 years. The project authors talk about numerous awards and positive reviews, but there is no evidence of this. After checking the registration date of the domain name, we found out that the company is simply lying about its solid age!
Using the whois service, we found out that the site was launched in 2013, but previously it belonged to a completely different company. BigLiquidity has been on this domain for only a few months (obviously, since March 2020, when the website was updated).
Now it becomes clear why the reviews of this broker call it a one-day company. It is logical that in a few months, the BigLiquidity organization simply physically could not achieve the results it claims in its statistics (1.4 million daily transactions, 256,000 active clients, $98 million daily turnover).
In addition, the broker’s registration raises suspicions. It claims to be registered in Cyprus. Despite the fact that the island state is no longer considered an offshore zone, due to its flimsy legislation, which has many loopholes for financial fraudsters, there is little trust in it. The website lists such a legal address: Spyrou Kyprianou Ave 116 (Limassol, Cyprus). According to the legend, the BigLiquidity company operates in the legal field and has received approval from three regulatory bodies:
- CySEC (license number – 198/16),
- FSC (license number – C784957593),
- IFSC (license number – 33/122/TS/10).
However, we immediately had doubts about the existence of legal grounds for BigLiquidity’s activities. Firstly, the broker does not provide scanned copies of documents and does not provide links to verify the information. Secondly, in the CySEC registry, as well as in the databases of other regulators claimed by the pseudo-broker, there was no information about BigLiquidity. The authors of the scam project simply invented a legend and are trying to convince naive users of its authenticity. In reality, no one regulates or controls the activities of this fraudulent organization.
BigLiquidity Contact Review: How to Contact the Company Support
In reviews, users write that the BigLiquidity support service is terrible. Despite the declared 24/7 schedule, it is impossible to reach support. With all the problems, the user is left one-on-one. Let’s review the communication channels:
- Phone: +44 (0) 256 18 253 (why a Cypriot broker has a British number is unclear),
- Callback form,
- Email address: support@BigLiquidity.com.
While preparing the review about BigLiquidity, we tried to call the specified number and made sure that the negative customer reviews are 100% accurate. As for the email address and callback form, they are needed by scammers solely to collect contact information from potential victims.
Becoming a BigLiquidity Client: Registration and Account Types Review
The registration form for BigLiquidity is standard, so there should be no problems creating an account on the platform. Scammers are interested in this themselves because they do not want to miss any chance to deceive naive traders.
As for the trading platform offered by the pseudo-broker BigLiquidity, users write in reviews that it is manipulated software. The authors of the scam project will drain your deposit into their pockets without hesitation and skillfully simulate trading.
Let’s review the available account types:
- Standard. Despite this account being recommended for beginners, the initial deposit is quite significant – from $5,000. However, the conditions of the fake broker only mention instant order execution and leverage of 1:20,
- Premium. The replenishment amount is $50,000. Traders are promised instant order execution, leverage of 1:100, no swaps, trading in metals and cryptocurrencies, PAMM investing,
- Platinum. The minimum deposit is $200,000. Different from the previous account type, it features a credit leverage of up to 1:500, deposit insurance, a personal PAMM account, and access to trading indices, ETFs.
In preparing the review, we found out that BigLiquidity only has a Bitcoin wallet among the payment methods, which is alarming. Fraudsters use the anonymity of cryptocurrencies for selfish purposes. It will be impossible to recover the transferred funds because all blockchain transactions are irreversible.
What Clients Say in BigLiquidity Reviews?
Despite the broker claiming to have many satisfied clients and positive reviews, we only saw negative feedback. Those traders who collaborated with this scam lost large sums of money. Make sure of this yourself by reading the reviews of the victims of the fraud:
How BigLiquidity Deceives: Scam Scheme Review
The deception methods used in the BigLiquidity scam are very basic. Potential victims are sought on forums dedicated to making money online and on social networks.
Professionals know how to deceive and talk about fabulous earnings. Those who fall for these empty promises can say goodbye to their money. All funds transferred to the specified Bitcoin wallet immediately go into the pockets of charlatans.
The scammers have no intention of executing trades on the interbank market, and they certainly do not plan to return any profits. Ultimately, the fraudsters will simply block the account, leaving the client penniless.
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Conclusion of the BigLiquidity Review
BigLiquidity is nothing more than a second-rate dump, the creators of which are focused on deceiving gullible people. They lie about regulation and the presence of licenses, long-term market work, and favorable cooperation conditions. Nothing stops the hunters for other people’s money, and they do not hold back. The minimum loss in this scam project will be $5,000. Do not trust your funds to this scam, otherwise, you risk being left without money.