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B2W EX Review: A Cheapjack Unregulated Broker

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B2W EX Review: A Cheapjack Unregulated Broker

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An unprofessional broker is an understatement when it comes to B2W EX. When you dive deeper into the B2w-ex.com website, you learn the stale state of things. The broker tries to use a dark-themed website which is a turn-off for trading websites. There’s even evidence that the owners are using green screen in their video presentation. All these are hard pieces of evidence we found while investigating this uncouth broker. Find out more in this eye-opening and transparent B2W-EX Review for more.

B2W EX Review

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A Briefing on B2W-EX

According to their Company’s profile page, the broker aims to provide award-winning professional services. All their efforts to try and make this website appear legit go down the drain with their presentation video.

You can clearly see that the presenters are paid actors who use a green screen. The video is used as a tool to show how the management team works in a skyscraper.

The broker claims the parent company deals with a variety of businesses. As with all scams, the message is to create the illusion that they have decades of experience. We do have our way of finding out the truth regarding a broker’s credibility.

We will expose all their efforts of trying to create an impression of a professional broker. B2W EX is another worthless trading scam waiting for you to deposit funds and run away.

Affiliate and partnership programs

One way of ensuring that the broker enlists more victims is by creating an affiliate program. Despite the broker using affiliate marketers for the wrong reasons, it has paid off. More and more victims are venting their anger on these affiliates.

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The victims blame affiliate members for directing them to a shoddy broker. At the end of the day, both account holders and affiliate members lose. The broker does not pay commissions for affiliate or IB partnerships.

Available assets and trading instruments

BW2EX offers three types of trading instruments which include commodities, crypto, and forex. Commodities you will likely encounter include crude oil, gold, and silver. Cryptocurrency trading is taking the market by storm.

It creates room for scam artists to take advantage of naïve investors. The broker claims to offer multi Cryptocurrencies such as BTC, EOS, TRX, USDT, and more. Forex trading only involves major currencies such as EUR/USD and USD/JPY.

B2W EX License and Registration

B2W EX is not a legit trading platform, and investors should tread carefully. Investing or opening an account with b2w-ex.com is not recommended. There’s a high chance that the broker will sweep your bank account clean if you divulge your banking credentials.

The broker doesn’t offer any documents to prove their legitimacy. No regulator has come out to support the broker’s efforts of compliance. It shows that this is an unproven and spammy broker.

A genuine broker will have copies of their license certificates ready and on display. It helps members confirm the details with authorities. The broker doesn’t even have a terms and conditions page.

Anyone who signs up openly allows all liability to fall on them. No regulator will come to your aid in the event of insolvency. Please stay away from unregulated investment platforms such as B2WEX.

Becoming a member with b2w-ex

It’s fast for those who have already gone through the process and takes less time to complete. There’s a security risk when signing up, especially their verification of account procedure. Instead of sending an email with a verification link or SMS code, they ask for bank details.

B2WEX User Complaints

The broker will even ask for a copy of your ID, which is irrelevant. We are sure that the broker is scavenging for bank account details. With the information, it makes it easy for them to clean out your bank account.

Business owner

B2W EX Limited is the Company we are told owns and runs this website. George Victor and Mark Christopher are the paid actors who act as CEO and Investor Relationship Manager, respectively.

As we said earlier, their video presentation clearly shows they are using a green screen. The 12-minute long video does not load properly and tries to show the current market situation. You will also notice that the gentlemen have an Eastern European accent.

Domain insights (b2w-ex.com review)

The reason we are adamant that the two are paid actors is the IP location of the website. IP address is in Hong Kong, and the website is 265 days old as of publishing this post. The exact date the website went live was on July 21, 2020.

For the past year, the website has been defrauding unsuspecting investors. Most sign up and deposit huge funds with the broker promising huge returns. This doesn’t materialize, and investors end up losing their funds.

Hallmark / Features of B2W EX

Account types

B2WEX offers users four account types. These accounts include Basic, Plus, Pro, and Genius. All these plans come with a guaranteed weekly return starting from 4 percent to 13 percent.

B2W EX Account Types

Any broker that guarantees weekly returns is lying to members. The market is volatile and making such claims is impossible to achieve. These are the tactics scam artists use to entice users to deposit more funds. This is why we are against this broker for offering unrealistic trading conditions.

Contact and support

What is more, with the platform is the lack of any contact details. The only way to contact the broker is by opening a live account. We could not see any contact information on their website. The parent company is not found on any Company Register, which makes it an anonymous entity.

Please stay away from this platform or else risk losing your entire funds. This is not what your average broker as there are no direct means of contact.

Forex accounts

The broker offers three forex trading accounts, standard, ECN, and Pro accounts. For standard account holders, the minimum trading balance is $50. The broker ensures that they target all classes of investors, newbies to expert traders. There’s no deposit amount mentioned on Pro account holders.

This broker will entice users to deposit any amount from $1,000 to $100,000 with this tier.

Safety of funds with B2WEX

There’s no safety of funds from a broker that doesn’t have contact details. How will you make contact in case of any queries such as withdrawals? The platform does not have a legit license from an established regulatory body.

This means the platform does not segregate accounts or offer insurance cover for deposits. Your funds are at risk as the regulator won’t protect you from the harsh trading conditions.

Scam or Legit B2W EX

b2w-ex.com Company Profile/ Staff Members

B2W EX is a scam that is taking investors and traders for a ride. There’s no investment opportunity to find under this platform. Please stay away or risk becoming another victim of B2WEX.

Conclusion

We won’t recommend the broker due to failure to have a valid trading license. The anonymity surrounding the broker is another feature that should scare investors.

Use reliable and transparent brokers who have what it takes. These experts have over the years proven their expertise and transparency to many successful traders.

We wish you all the best in your trading venture.

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