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BexPlus Review: Bexplus.com Blight Forex Scam

BexPlus Review: Bexplus.com Blight Forex Scam

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BexPlus (Bexplus.com) is another Crypto Currency derivative scam trading platform. Bex Plus is claiming to have its headquarters in Hong Kong which is false. These scam artists are targeting online Crypto investors and we have to expose them. Investors who have already signed up are crying foul after being mistreated by this broker. Accounts being closed for no reason are a major issue. Read this detailed BEXPLUS Review for more.

BexPlus Review

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BexPlus Review

With most accounts being closed without a valid reason, it is clear trouble is brewing. BexPlus is closing those accounts with large balances and with withdrawal requests pending. Scam artists are known to close shop without issuing any valid notice. And this is why we have to expose this platform before any other investor is duped. Why do investors sign up with rogue platforms in the first place? Empty claims and promises are a leading cause for unsuspecting investors to sign up.

BexPlus is using over the moon claims to entice users to sign up with their horrible platform. These scam artists know for a fact we all want to make an extra buck with Crypto investment. They take advantage of this need by claiming to offer the perfect solution. Looking at their homepage, the first thing they offer is 30% annual interest. Don’t forget they claim the interest is guaranteed. Users are also promised a $100 bonus for first deposit. Read on to find out the tricks used by these scam artists.

About BexPlus

After exploring their about us page, we could note some discrepancies with their location. They claim to have offices in Brazil, Hong Kong, Japan, Singapore, and the U.S. These are empty claims and without any solid foundation. They go ahead and post that the company is registered in St. Vincent and the Grenadines. With this statement, they already prove that they are offshore brokers.

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Another shocking revelation is how well these scam artists hide their true identity. Anonymity is usually a scammer’s best friend and Bex Plus is using it to their advantage. Why have they failed to mention the name of the founding members? Who are the people running this company and website? They are scam artists and hide their identity to avoid any backlash from authorities and victims. Be sure to know who you trust your money with before opening an account with online platforms.

Is BexPlus licensed or registered?

Notice how well these scam artists fail to post any details regarding their registration? Why have they not posted details regarding their license and registration number? These are scam artists who have nothing to offer to investors. To verify their licensing status, we reached out to leading regulatory bodies. These bodies include ASIC, COSNOB, CySEC, FCA, FSA, NFA, and SEC.

None of the above bodies has ever licensed or regulated Bex Plus to offer ant trading services. BexPlus is offering Crypto trading services without a valid license, they are an illicit brokerage. Trying to recover funds from these scam artists proves to be a hard task due to their anonymous nature. And this is why no one should sign up with any online investment platform that lacks proper licensing. It means Bex Plus is not going to safeguard funds or insure any deposits made.

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Features of BexPlus/ Advantages

Sadly, we could not come up with any advantage associated with trading with this broker. We recommend you resist any plot to sign up and ensure you use the right channels. Most online reviews have negative feedback regarding this broker. Members are ruing signing up with this broker as some of them have lost over $5,000. Bex Plus is another rotten online platform which must be exposed. Exposing scam platforms is our duty and we must keep all investors safe at all times.

Disadvantages of BexPlus

Demo Account

BexPlus Accounts

BexPlus is furnishing users with a demo account which has 10BTC. Remember demo accounts use virtual money which is not real. These scam artists have rigged their demo accounts to produce insane profit margins. A demo account is used to give investors an idea of what to expect with a platform. By rigging their demo account, investors are making over 97% successful trades.

Fake winning margins

What we find odd is no member has ever posted making any profits. Another perturbing issue with their profit ranking is that it never changes. Even if you visit the website two weeks from now, the profit margins will still look the same. Does this mean no one is making any profits? And if so, then the platform is not worth investing in.

No Deposit method

What we expect from a Crypto broker is give open information on how to deposit funds. These scam artists claim they only accept Bitcoin deposits. They claimed it is possible to transfer cash and convert it to Bitcoin. After sending the amount requested, the member has never heard from them again. And this is proof we are dealing with a certified scam outfit.

Web based platform

A web based platform is okay if only it has proper security features. BexPlus is furnishing users with a web based platform which lacks the basic of security features. Looking at their homepage, we can see their own website is not protected. Newbie hackers can take advantage of this loophole and hack their platform. Hackers will steal credit card information and identity details from web trading platforms.

Are funds safe with BexPlus?

After evaluating all the pros and cons, we are sure BexPlus is not keen on protecting funds. These scam artists fail to have SSL Encryption which is vital for any trading platform. They also lack DDoS protection which aids in protecting transfer of funds. Segregation of accounts is not possible as we don’t know whether they have any account types to offer. Don’t expect any compensation as Bex Plus does not participate in any compensatory scheme. Safety of funds is not a guarantee.

Is BexPlus a scam?

About BexPlus

Evidence strongly points out to BexPlus being a total scam. Mark all their emails as Spam and warn your family and friends from joining.

Bottom line

Adding this brokerage site to our scam blacklist will ensure our readers are kept safe.

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Wishing all investors a happy and prosperous trading experience.

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