Review of SafeBX terms, real customer reviews
When searching for SafeBX online, you will encounter numerous positive reviews that appear to be paid for. This organization clearly strives for a perfect image and does not skimp on advertising. According to the legend, the project is backed by a group of professional traders who have introduced an innovative product – smart orders for trading on financial markets. However, no positive or negative reviews about this company have been found on English or Russian forums. What’s going on here? Let’s find out!
Information about SafeBX Company
On the SafeBX website, it is stated that the company is based in Singapore and has a license from local regulators. However, the license document is not found on their platform, although the User Agreement mentions MiFID. This is not a regulator but a directive that must be complied with by honest brokers and investment companies operating in the European Union. In addition, SafeBX itself does not claim to have obtained such a license.
The Monetary Authority of Singapore (MAS) is the local regulator in Singapore. However, the license number SG-ID SG9688793609 claimed by SafeBX is not confirmed in the database of this authority. It is interesting where and how the company obtained these numbers.
A similar license number was previously used on the website of another suspicious company – Stregix, which was also involved in trading smart contracts. It is assumed that this shadow company accumulated negative reviews, then rebranded and created a company with a similar name. All this suggests that scammers did not make much effort to change the terms and the fake license number.
Another important point is the address of their main office – 435 Orchard Road, № 11 Wisma Atria. This location belongs to a shopping center that has been operating since 1986. Wisma Atria has its own website where information about companies can be found. But it is interesting why SafeBX is not listed in the general list or in the Trading and Services category? This indicates that the company is hiding information about its activities and the presence of a real office.
SafeBX does not disclose the names of its leaders. Such anonymity is typical of scammers. How can one seek help from these people in case of problems with fund withdrawal? The only option left is to leave complaints in reviews, which will be of little help in recovering losses. Probably only to other investors.
The SafeBX User Agreement is designed in a way to shift all responsibility onto investors and absolve itself of guilt in case of fund loss.
The SafeBX domain was registered several years ago, but it was inactive until 2021, as evidenced by the Internet archive. Therefore, we are looking at a new fraudulent project, which explains the lack of reviews about it.
Offers from SafeBX
The scammers at SafeBX have gone beyond the usual offers to attract both experienced and novice traders. Their service includes:
- Smart order for trading stocks, currencies, indices, futures,
- Asset management,
- Participation in ICO and IPO,
- Consultation and training,
- Assistance in crisis situations.
Based on strict rules, the absence of reviews, and illegal activities, investing in SafeBX should be approached with great caution. According to the tariff plans on their website, minimum losses will amount to $500, and maximum losses can exceed $100,000,000.
Let’s take a closer look at the types of accounts:
- Mini. Deposit – from $500 USD. Up to 3 smart orders available weekly,
- Mini+. Initial deposit – $2,000 USD. Up to six smart orders available,
- Standard. Minimum deposit – $10,000 USD. 12 smart orders available weekly, as well as participation in ICO/IPO,
- Gold. Requires a deposit of at least $25,000 USD. Promises priority withdrawal of up to $100,000, 20 smart orders per week, participation in ICO/IPO, low commissions,
- VIP. Minimum of $100,000 USD. Clients are offered 50 smart orders per week, participation in IPO/ICO, exclusive account card. Urgent withdrawal – up to $1 million,
- Diamond. Requires an investment of $1 million. Promises unlimited potential.
Reviews about SafeBX
A detailed review shows that SafeBX started its operations only a few months ago, not since 2018 as claimed. Therefore, there are no reviews about them yet. Beware, you are at risk of becoming the next victim of these dishonest scammers!
Scam Methods on safebx.com
Although the SafeBX legend is familiar, the scam scheme here is extremely banal. Fraudsters use dishonest reviews and intensive advertising to make quick money. Instead of a proper trading platform, a fictitious smart contract platform is offered, unfamiliar in the forex community. Of course, there are no real market deals here. All your funds will go into the pockets of the scammers.
For the laziest and most trusting investors, they will be offered to entrust their funds for management. It will end in tragedy – the loss of the entire capital.
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Conclusions
SafeBX is a fraudulent scheme hiding its dishonesty behind attractive offers. Anonymous scammers present themselves in the tone of licensed operations and favorable conditions. They will undoubtedly deceive you and leave you without funds.