Why BXTrader ended up on the “black” list: a review of a fraudulent broker, real client reviews
Research has shown that the company BXTrader evokes a lot of negative emotions among traders. This is the first thing people notice when looking for information about this firm. However, should we believe the angry comments of traders? We will address this question in our review.
It turned out that BXTrader is the ninth “reincarnation” of a fraudulent company that previously operated under names such as Mgbroker, Delloy, Xtrade, US Trade, and others. One-day brokers do not stay in the market for long. Their goal is to attract the maximum amount of money from trusting traders and then disappear, only to resume activities under a new brand.
Advertising and Deception
Most often, the pseudo-broker disappears when there are many negative reviews, which begins to alert potential clients. Most likely, the fate of BXTrader will be similar. The company will change its name again, launch a new site, and continue to deceive unsuspecting people.
Promises and Reality
The broker BXTrader claims that its main goal is to provide the best online trading tool for clients. They promise an intuitive platform developed using advanced technologies. However, client reviews indicate that all the company’s promises are just empty words. There is no information about the terms and the trading platform itself. The company BXTrader is clearly targeting novices who do not understand trading and cannot immediately recognize fraud.
Management, License, and Supervision
According to data, the company BXTrader has been providing brokerage services since 2017. In the user agreement on the company’s website, a different name is indicated – Alphа Glоbаl GA LP. The lack of information about the owners and the project team, the absence of data on regulation and licensing make cooperation with this broker risky.
Contact Information
The website of BXTrader states that the company’s headquarters is located in the UK. However, discrepancies were found when checking the information provided. You can contact the company’s managers by phone at +44 1628 421430 (it is impossible to reach them) or by email at [email protected].
Website and Terms
The BXTrader broker’s website is done hastily using a free template. The textual content of the site leaves much to be desired. Information about registration, trading conditions, deposit and withdrawal methods is extremely limited and uninformative.
Client Reviews
Many negative reviews about BXTrader indicate that the company blocks clients’ accounts, cancels deposits, and offers false recommendations from analyst managers. Client reviews confirm the deception and dissatisfaction with the work of this firm.
Conclusion
BXTrader is a fraudulent company aimed at deceiving traders. Cooperation with this company is not recommended, as there is a risk of capital loss.
BXTrader is a broker that, unfortunately, landed on the black list due to concerns of fraudulent activities, as reported by several clients.