BigFX (Bigfx.net) is another bane Forex scam platform targeting unsuspecting online investors. Big FX is claiming to offer insane bonuses to anyone willing to deposit with them. Percentage of deposit starts at 25% all the way to 100%. To get this bonus, you need to deposit over $1,000 to get 25%, and $25,000+ to get 100% bonus. And that’s where the problems begin. Read this detailed BIGFX Review for more.
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After receiving numerous email complaints from members of this platform, we knew trouble was brewing. Members are complaining of the fact that they have been blocked from accessing their funds. How can a broker refuse to allow users to withdraw funds? Only scam artists who plan to steal from unsuspecting investors behave in such a manner. BigFX is another online investment platform which we must expose to protect our online investors. Read this genuine review and find out the tricks used to lure investors.
One of the biggest tricks scam artists use is to clone trading websites and fool investors. At first glance, it is easy to believe that this is a real trading platform. What these scam artists have done is create an illusion that this is a working online scam platform. Stay away from this website as we have damning evidence to prove their false platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Big FX is planning to steal your money and never get the chance to recover funds.
Bigger Investment Limited is the company claiming to be sole owner of this platform. After a thorough search using the register of company’s search engine, no results were found. It means these scam artists are using a fake company name to fool investors into signing up. Another problem with this platform is using fake location details. At one point, they claim to be based in Estonia and later use UK phone numbers. What these scam artists are trying to do is entice European investors.
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Anonymity is another huge problem with this platform as they don’t mention any actual names. Who are the founding members of this platform? Can we get to know the actual names of people running the show? Anonymity gives BigFX the chance to steal from investors and never getting caught. For all we know, this could be another offshore based scam group with no ties to the European region. Ensure you stay away from anonymous online investment platforms for safe trading.
We checked the entire website for information regarding their license and registration but couldn’t find any. BigFX is not licensed or regulated by any European official regulatory body. What seems to be a trading website with trading assets is nothing but a sham trying to steal from anyone who signs up. We contacted leading regulatory bodies to try and find out whether they had licensed this entity. Some of the entities we contacted include ASIC, CONSOB, CySEC, FCA, and NFA.
None of the above bodies has ever heard of a platform with this name. Trading with Big FX is a huge risk as your funds are not fully protected. Recovering funds from an unregistered online entity is next to impossible. Why have they failed to post details regarding their license details on their homepage? You would expect them to disclose their license status for all to see. Without a working license, anyone who signs up walks into a trap. Stay away from this scam and report any harassment by their call agents.
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We tried searching for any advantage of dealing with this platform but could not find any. How can there be an advantage of dealing with a platform which is stealing from members? BigFX is taking advantage of unsuspecting investors by offering fake trading services. Once you sign up and deposit funds with this platform, it is the last you will hear of it. Scam artists must be exposed to ensure the Forex trading world is free from thieves. Stay away from any of their marketing promotional links.
BigFX is furnishing users with three different account types to choose from. Accounts are listed as Elementary, Standart+, and Investor A+. Minimum trading volume requires to start trading with this platform is way above the set price. To begin trading with the basic account, you have to deposit $500. Let it be known that the set industry minimum required deposit is $250. Any broker who asks for a higher is going against set industry standards. Watch out for the minimum trading deposit.
Another shocking feature with BigFX is using bonuses to trap investors. Once you visit their bonus page, you can see how they calculate the bonus issued. The trouble with bonuses is that these scam artists will ask you pay them back. Why issue a bonus when you will later ask members to pay it back. Bonuses are being used as a trick to lure investors into depositing more funds. The more they deposit, the more they get the bonuses, which means more funds in scammer’s pocket.
Scam artists have gone a step further and started rigging their demo accounts to produce insane profit results. Once you start trading with their demo account, you will realize the profits are at a constant 98% success rate. No robot or professional trader can manage this high level of profitability. Markets prices change constantly and making such an assumption will derail you. Scam artists want to create an illusion the same results can be mirrored using their real trading account.
When it comes to account funding, the broker has this area well covered. Depositing funds is easy and quick; various depository methods can be used. They include Bank transfer, MasterCard, Visa, and others. What seems to be the biggest hurdle with Big FX is no one is able to withdraw funds. And this is where we draw the line with this illicit platform. Investors should be able to gain access to their funds no matter the jurisdiction. It is clear Big FX is blocking members from accessing funds.
Security of funds is not safe from a platform which refuses to allow members to withdraw funds. Another problem with this platform is in regards to segregation of accounts. Pooling of funds in one account is strictly forbidden and it is what BigFX is doing. Compensation should be thrown out of the window as this platform does not participate in a compensatory scheme. It is also likely that members are depositing funds straight to owner’s personal bank account. Stay away.
Evidence clearly shows we are dealing with another online investment scam platform. Mark their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from joining any of their affiliate programs. We now know BigFX is a scam which is probably based offshore and will shut down once they have their fill. Avoid any calls from their call agents who purport to be account managers.
We will be adding this platform to our scam blacklist to ensure our readers know about it.
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Wishing all investors a happy and prosperous trading period.
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