Broex: investor reviews and platform opportunities overview

• Categories: Crypto Exchanges

What’s wrong with the Broex service?

The Broex scam claims to offer services for trading cryptocurrencies and investing in a portfolio of digital assets, but the opinion of customers who fell into the trap is quite different.

Scammers take money, block accounts, and leave clients without funds. Through a regular site and promises of “success,” they lead victims astray. How does Broex manage to stay afloat despite negative reviews? Let’s investigate this!

Insight on the Broex platform

The start of the Broex service’s activities remains unclear. According to information from whois.afilias.info, the domain was created in June 2020, and the first reviews appeared around that time.

Registration in the Seychelles is an unreliable confirmation. First, it is just an offshore, mainly inhabited by scammers who fear being scrutinized by regulatory authorities. Secondly, anyone can register a company in the Seychelles as it is inexpensive. Thirdly, the Council of Europe included the Seychelles in the list of blacklisted jurisdictions back in February 2020.

Furthermore, there is no publicly available registry of owners in the Seychelles. Therefore, it is unknown whether Broex actually exists.

Interestingly, a similar address belongs to another platform, “BeruKriptu,” which has many negative reviews. By website design, internal documentation, and trading conditions, Broex is a complete clone of “BeruKriptu.” And the company “BeruKriptu” does not hide its connection with the heroes of today’s review.

Broex does not disclose its contact information. Instead of phone numbers on the site, there are many links to social networks. However, it is not worth contacting them through these channels. Scammers quickly remove negative reviews and simply prefer to increase the number of subscribers.

The “User Agreement” contains a huge number of unfair conditions:

• the company refuses to take responsibility for damage, even if it arises from failures on their platform,

• Broex managers shift all problems onto force majeure circumstances, which is convenient when communicating with investors,

• investors’ accounts can be blocked without warning,

• the company reserves the right to cancel the operation at any time.

Offers from Broex

Information on the website is minimal. The only thing known is that there are 24 crypto assets available for exchange and investment. The minimum entry amount is 3,000 rubles (maximum is 50,000 rubles). The commission for depositing funds is 3%, for withdrawal – 5%. The fee for transactions is less than 1%.

Rumors suggest that users’ cryptocurrency is stored on cold wallets without internet access, and the wallets themselves are located in different places.

New clients are attracted by an attractive referral program. By inviting friends, you get 20% of the commission for each transaction. However, according to reviews, this is simply a bait-and-switch scheme for depositors.

Reviews on the Broex project

During its operation, Broex has left many deceived clients without money, so there are many reviews. The main complaint is that the company deceives, takes money, and instead of cryptocurrency, delivers emptiness to clients.

The essence of the scam

Users are drawn in by beautiful tales of easy profits from cryptocurrency, but in reality, it’s different. Initially, scammers instill trust in secure data protection and favorable conditions, then offer to try the service.

Instead of the promised cryptocurrency, investors receive excuses about technical failures, delays, and force majeure events hindering a successful transaction. Finally, the account is blocked, and messages go unanswered.

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Conclusion

Broex is an imperfect service designed to deceive trusting investors. All promises on the site are pure fantasies created for personal gain, because only scammers benefit in this case, while clients are left deceived and penniless.