BforFinance (Bforfinance.com) is a CFDs, Crypto Currency, and Forex scam platform to hit the lucrative trading world. B for Finance is misleading investors into believing their platform is legit and worthy. After receiving hundreds of complaints from users who lost funds, we decided to investigate. Before opening an account with any online investment platform, make sure to do due diligence. This review will help expose the whole truth regarding BFORFINANCE.
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After receiving numerous complaints in droves, we concluded there was something amiss with B for Finance. This is why we started gathering evidence to expose the truth with this broker. What we found out proved disturbing and we had to share. Not only is this broker not licensed, they are operating under false pretense. For all we know, this could be a money laundering scheme to aid financial crooks. Read this entire review and find out the whole truth regarding BFORFINANCE.
To expose the extent and length scammers will go to steal your funds, let’s begin with their website. These scammers have created a compelling website meant to solely entice newbie traders. With moving images of Bitcoin symbols, their website looks real at first glance. Thanks to our years of trading experience, we know how to spot scams from afar. And BforFinance is a shady scam which must be exposed. Their website is full of crap as we will reveal in the details below.
When it comes to who actually runs this platform, this website is full of anonymity. Who are the actual people running this platform? Any online platform which has no real names of people running it should be avoided. How can traders deposit money to an unknown third party? This is simply an acceptable platform which is up to no good. Stay away from this broker who is full of anonymity because they might be financial fraudsters. This is not the only thing wrong with this broker.
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According to their website, this broker is claiming to be based in London. Are these claims true? Online fraudsters will do or say anything to make their platform appear legit. For all we know, these brokers maybe offshore based. Offshore brokers are notoriously known for flaunting set industry regulations and rules. If this broker was registered in the UK as they claim, why is their phone number based in France? BforFinance is screaming scam from afar, stay clear from it.
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If this broker is licensed or registered in the UK, why is it not known by the regulatory body? The body which regulates all financial related institutions does not recognize BforFinance. Whoever signs up with this broker is throwing away their funds. Depositing funds from this broker means we are dealing with a scam outfit. They simply want to make users deposit funds with them.
A broker who is properly registered should have posted their licensing and registration details for all to see. Why hasn’t this broker failed to post copies if their registration details? This is proof we are dealing with a broker who is far from having proper documents. Anyone who signs up with BforFinance should know this is an unregulated broker. This broker even fails to post their licensing number.
These scam artists have made sure they have covered the depositing channels. They have made MasterCard and Visa to be the channels used for depositing. Why have they used these two depository methods? Scammers know MasterCard and Visa are global and it will be easy for investors to male deposits. They don’t want investors to give them any excuse as to why they can’t make deposits. Why don’t they have a depository method which involves Bitcoin deposit?
When it comes to making withdrawals, this is where BforFinance is scamming users. Withdrawing funds with this broker is not going to be easy or possible. After conducting our research and contacting a few members, none of them makes withdrawal. This broker is refusing members to make withdrawals for a reason. They want to close shop after filling their pockets with investors’ funds. This is what most online scammers do for a living. Stay away from this scam!
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How can a trader who claims to offer intuitive and advanced trading platform fail to have a live support team? Why do they prefer emails? They know this is their chance to reply to emails at their preferred time. This makes them able to handle complaints and ignore their victims.
A broker who keeps communication channels one way has something up their sleeves. Stay away from platforms which have kept communication to one side. These scam artists will always try to keep their real identity away from victims. This is why there’s no name given on their website regarding this platform. Stay away from this broker and sign up with brokers who are easy to access. Stay away!
With a broker who is anonymous and has no legitimate license, funds are not safe. Security of funds is not guaranteed with BforFinance. Why have they failed to mention how they handle funds deposited by users? Is it true users are depositing funds straight to owner’s personal account? Stay away from this broker to avoid losing funds.
When it comes to segregation of accounts, this broker does not follow set rules. This means BforFinance is pooling funds in one account which is extremely dangerous. In case this broker faces bankruptcy or insolvency, users will lose all their funds. Depending on how you look at it, this broker is not safe to deal with. Stay away from this broker and don’t deposit funds with them Users will always face a hard time when withdrawing funds. This is a lame brokerage firm.
BforFinance is a total scam and should be exposed by all relevant parties. Whoever signs up with this broker should know what they are getting into. From having no license to being unregulated, this is a scam. Make sure to stay away from any broker who shares the same characteristics as this broker. Warn your family and friends regarding this brokerage firm. This is your chance to stay away from this platform.
With the evidence produced, this scam is a total sham. By adding this broker to our scam blacklist, we will our readers to stay away from this platform. In order to completely stop this platform, authorities should stay away from this platform.
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Finally, we wish you all the best in your Forex trading experience.
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