Bex Options Review: Dangerous Crypto Investment Scam

Bex Options Review: Dangerous Crypto Investment Scam

Bex Options is a UK based broker who presents itself as one of the most reliable brokers to offer all types of financial products for trading whether Forex, Binary Options, Crypto currencies you name it. However, this broker does not tell us what their trading conditions look like. We need to know what spreads they are charging for their Forex products, leverage and payouts for their binary options product. Moreover, we feel that Bex Options is trying very hard to deceive its prospective clients by telling them on their website that they are a regulated broker. The truth is that Bex Options is not regulated by any financial watchdog in any country.

If you came across this brokerage and are wondering whether or not they can be trusted, this Bex Options review is for you. First, we will start with the potential benefits that this broker is parading and then we will go ahead and list the negatives and our opinions too. In the end, it is your decision whether to choose to trade with a reliable broker or a broker who is not authorized to provide any financial product to the masses.

Bex Options Review

The website of Bex Options appears to be presenting a wide range of investment opportunities including mining of Crypto currencies as well. This is unusual because nearly 99% of brokers out there do not offer mining of Crypto currencies since there is a special category of websites that do this kind of task. Your broker’s job should be to provide you with a means to access the financial markets, period. That is what they are licensed for. So when a broker provides additional services like mining of Crypto currencies, it looks suspicious.

Bex Options

But anyway, Bex Options is providing various financial products like Forex, Stocks, Crypto currencies and mining. According to the statements on their website, this broker is providing trading in MetaQuotes platforms, the MT4 and the MT5 respectively. These are leading trading platforms in the industry. They are commonly found with most modern Forex brokers in the world.

Now, it is unfortunate that these advantages are in the sphere of possibilities as we cannot independently verify any of the claims being made by this website. This is therefore a serious red flag and you need to find out what could go wrong if you sent your funds to this broker.

The FCA has warned against using the services of Bex Options

Bex Options claims that they are based in London and are authorized by the UK financial watchdog. The website even provides their company registration number on their website. But according to the FCA, this reg number belongs to a company called Bex Trading Limited which is not related to Bex options at all. So this means that Bex Options is a clone company that is trying to use the reg details of a genuine company to confuse traders.

👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it.  What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.

Click Here To Buy Now

It is very wrong for a company to operate under the false pretense of another legit company which is actually registered with the FCA. It is a criminal offense. We know that this is a common trick nowadays. It is used by scammers to pretend that their business is registered and that they are always engaging in legit business operations where providing trading services to the masses is concerned.

The FCA has made it mandatory that for any broker operating in the UK to provide tradeable assets like Forex and CFDs in general, they must first seek the license of the FCA. As for binary options, the EU banned them some time ago and therefore no company will be able to legally provide binary options within any country falling in the EU jurisdiction.

No demo and trading conditions not disclosed

This broker does not provide sufficient information about what they are offering. Instead, they use generic numbers to portray the weekly returns that traders can supposedly earn from their platform. They have not told us about their spreads, leverage and even payouts. If they truly offer Forex trading, then it should be clear that a broker who is providing this type of service is also telling their customers what type of trading conditions to expect.

Still on Forex trading, any broker who offers Forex trading must have a demo account in place. Otherwise, how would we know that this broker’s platform is one of the best or then poorest?

When a broker has no demo in place, you should steer clear of their services because this is a serious red flag. You can’t ignore the fact that Bex Options does not have a demo account in place. Bex Options has proved that they are neither transparent nor honest about their pricing.

Nevertheless, we were determined to find out how the platform looked like from the inside. So we tried it by creating a live account. We got access to some strange trading platform where the only option available was to deposit money.

There was no MT4 or MT5 platforms. In fact, this platform looked like that which is used to trade Binary options. But even then, it lacked a number of features which can actually help a serious trader make money.

20% fee on withdrawals

First of all, Bex Options needs an unreasonable minimum deposit to start trading. This minimum is set at $1000 for their basic account which is obviously too high. You can’t gamble your money on this platform after all the red flags have been made obvious by the platform itself.

Most Forex and binary options brokers require anywhere between $50 to $250 as their minimum deposit. These scammers on the other hand require a minimum of $1000 and yet they are unlicensed and not reputable at all.

This brokerage is a scam because each withdrawal is charged 20% fee. This is high and unacceptable.

Our best advice for you

You need to stay away from Bex Options at all cost because they are obviously a scam. If you need the services of a good broker, click this link.

Leave a Reply

Your email address will not be published. Required fields are marked *


Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.