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Blue Mind FX is a Forex signal that aims at profiting investors. It can only be used on their suggested platform Unfit Forex LMX. However, do not be so in a hurry to think this platform will make a profit for you as we will shed light on some of the red flags they exposed in this unbiased review.
The mother company that they claim owns them does not exist; it is just made up to try and tempt you into believing the platform is legit. They promise to generate profits for investors fast, yet we all know that get rich quick schemes usually turn out to be scammers.
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We are introduced to the platform by Richard, who claims to have experience and generating signals for investors for long periods. However, we are not even sure this is the real name because scammers use stock images, and we checked for his name to no avail all over social media.
The platform even boasts of being the best company in the world, and they also claim to have won various awards without prove of the same. The founder of the platform only talks about how profitable Forex trading is yet how the software works are not known.
Investors are promised quality signals at a little cost through how they generate the signal is unknown. Newbie investors are also encouraged to trade in the platform as it does not require any prior knowledge, and they are promised educational materials.
For the more promising customers, constant returns are not accurate due to the volatility in the market. Legit Forex signal providers will only lower the risk you encounter and are transparent in the method of operation. The sales page is very shady and designed with a lousy marketing strategy, which misses much relevant information that you need.
Blue Mind FX charges customers $20 each month for up to 500 pips weekly. The educational materials they promise investors clients do not have to pay and can access the resources for free.
The platform is accessible on the phone and promises investor quality trading signals. For the more for you to trust and Investment firm with their money, you need to see at least three months of past trade transactions as evidence.
They do not mention on what time frame they generate the signals and how many signals are generated in a day is not known. Investors do not know what currency pairs to trade; this is noticeable by any experienced customer in the trading world.
Legit signal providers will always provide you with reasonable signals, and you know the kind of time-frame they work on. The educational material they provide is not mentioned anywhere and whether it will benefit you as unknown.
The kind of pips they promise investors is overestimated and cannot be generated within the time they claim. The company only claims of having professionals with experience of more than four years, yet no information to back up this has been provided.
You need to know the time it takes for the signal to expire, and this information is missing raising doubts on the Investment firm. They also provide fake graphs showing how the signal has been able to move, and this graph is always moving up.
The trade world is rapidly increasing and facing vast competition, and for this reason, it cannot guarantee constant investor returns. Before, it was possible to generate massive profits in the trade world, but nowadays, patience and understanding of the market are vital in attaining good profits.
Testimonials
Scammers will always use any trick to tempt you into depositing money, and similar traits are visible in Bloom Mind FX. The company features images and fake names of happy clients who claim they have benefited from their strategies.
Moreover, no link with any of the trades is provided to support their testimonies, and they have just been made up to hide their murkiness. The platform even has complaints from angry investors who have lost money from their trading strategies.
Funds Safety
Your money is not safe in this investment firm, and this is proven by the angry investors who have lost money. Legit investment firms will always produce details of the bank they operate with to earn your trust.
Not much information is provided, which you require to trust the people behind the company with your money. They also use fake testimonies, and this is a sign that your money will get lost and your details blocked from accessing the site.
Regulation and Customer Support
Bloom Mind FX exposes various scam characteristics, and failing to provide investors with the regulatory document is a major red flag presented. The company operates with brokers, yet they do not mention any information about the regulation to earn your trust.
For a platform to be allowed to generate funds from the public regulatory measures, need to be followed. The company also allows investors from all over the globe, and they create funds from them illegally without the organisational measures being availed.
Different countries have set up different laws to protect the citizens from scammers, including coming up with regulatory measures that need to be followed. Bloom Mind FX does not seem to support any organisational standards, and for these reasons, we do not recommend them as a legit platform.
Unregulated companies will smoothly go against the law because they are not bound to any. Meanwhile, legit investment firms will always provide you with legitimate regulatory documents that you can rely on.
The owner risks facing criminal prosecution and is the reason they do not provide enough information for tracking. Furthermore, he claims to be located in Canada, and yet he fails to give an address that you can use to follow up on his whereabouts.
The company also does not have any contact support that you can use to reach them. It is shady for any platform that boasts legit trade services. Once your money is lost in this investment firm reaching the platform for a refund is impossible, and you’ll only result in losses on your investment funds.
Final verdict
Blue Mind FX is generating funds from the public legally because any regulatory body does not recognize them. Legit signal providers guarantee 24/7 contact support either through telephone contact or email support, and you can easily reach them for any query related to the website.
This investment firm is also not transparent in the method of operation, and you do not know the win rate of their signals. Scammers will always fail to provide information on the people behind the platform because they risk facing closure and the resulting opening new websites.
On the other hand always invest with legit Forex signal firms they always provide you with regulatory measures they follow, and the kind of strategy they use in trading is consistently profiting and worth your money. Blue Mind FX has a bad reputation on their sales page, and even some angry investors claim to have lost money.
Once your money is lost in this platform, you cannot trace the owners as their whereabouts are unknown. Without past trade evidence, you can’t assert that any trade taking place and is a sign of murkiness.
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I’ve been a member there pretty much since he started. No true at all
I have been a customer of Blue Mind FX for many months and it is definitely not a scam. Richard has delivered on everything he promises. Other sites charge way more for much less. We are able to talk to Richard on a regular basis. The education is available for playback at any time. He sends out signals weekly when he feels it is a high probability of a successful trade. You should do more research before using the w**d “scam” in a review. People rely on reviews.
Hi. I have been a member of Blue Mind FX for more than a year now and I’d like to correct these allegations as certainly, all are false. First and foremost, the owner, Blue Mind Richard is one of the most authentic and genuine FX mentors out there. His main objective is to create a community of traders who are self-sufficient and can achieve success through time, by then would be financially free, like him.
His trades also shows basis as he sends charts along with the signals. Not like those you find online who lets you pay $50-$100+ per month, giving pure signals with no basis at all. He does not also accept investors as he only trades his own funds. He never allows solicitation in his channels, too. Educational webinars are held every month, if not weekly, depending on the availability of the majority of the members. But if you missed it in your timezone, you can always play it as it is recorded and questions are openly entertained on the Discord channel.
He also teaches us about exercising proper Risk Management as this plays a crucial role in our longevity in this field. I personally learn that there is no perfect system in trading the FX market. Your consistency plays a vital role. Consistency in profitable trades and minimizing losses can take your trading to a whole lot of levels. So if I were you, drop in our Blue Mind FX community to see for yourself, how most of us have come.