Honest review of the forex broker Bizz Trade: scam scheme and reviews
In early 2020, a new project called Bizz Trade appeared on the market. Users can invest their funds with the aim of receiving stable income. The project organizers aim to become one of the leading investment companies with global recognition. Their website, bizztrade.com, claims to work with the best specialists, but client opinions vary. Let’s delve deeper into this.
What is Bizz Trade?
The forex broker’s website states that Bizz Trade is an English company part of the BIZZ TRACK group. Information about offices in 22 countries is not confirmed, as the official website only lists an address in the United Arab Emirates. Details about the owners remain in the shadows. The company claims to be developing an educational platform for learning the Forex market.
Real Situation
Information about licensing and regulation of the company’s activities is missing from the website, raising doubts. A Russian resource mentions the financial regulator of the United Kingdom overseeing BIZZ TRACK’s activities, but the data cannot be verified.
Official website bizztrade.com
The site is available in various languages, but some versions have poor automatic translation. The Russian version of the site includes sections: “Investments,” “Marketing,” “How to Register,” “Materials,” and “Blog.” The page also contains links to social networks and currency quotes. Information about the educational platform is absent.
Registration Process
The Russian site provides the user with a referral link to register on the main Bizz Trade site, along with instructions on filling out the form.
Investment Conditions
Clients are offered 7 types of investment contracts with different deposit amounts and profitability percentages. Daily accruals and minimum fund withdrawals are also specified.
Marketing Plan
The bonus system allows for creating a structure and earning on invited clients. Clients are motivated to build a pyramid to earn additional income.
Reviews and Scam Scheme
Information about reviews on foreign resources is limited, and Russian reviews are mostly negative. Users point out the lack of a license, contradictory information, and other shortcomings.
Conclusion
The Bizz Trade project raises doubts due to the unreliability of the provided data. Client reviews suggest a possible scam scheme. Caution is advised when dealing with this company, and it is recommended to study popular reviews and opinions of other traders.
Author: Irina Vladimirova
I am extremely dissatisfied with Bizz Trade’s services as they are operating a scam scheme, as highlighted by numerous negative reviews.