Billion Forex Review: a Simple Forex Trading Scam

Billion Forex Review: a Simple Forex Trading Scam

Billion Forex is a company that is offering investors a chance to take their trading activities to the next level. The platform guarantee that you will get the luxury that you deserve. They claim to have a 100% supercharged bonus, account managers dedicated, and professional support team.

Additionally, the company entices clients with a 50% rescue bonus, which we don’t know if functional. The company is trading several assets. Investors can trade CFDs on future, Forex, commodities, indices, or metals. The information on the website is professionally presented.

Billion Forex Review, Platform

They even have a demo account that investors can use to familiarize themselves with their services. Unfortunately, this company is an offshore entity that you should avoid. The products that the venture is dealing with are hazardous.

The majority of the time, investors make losses when investing with CFDs. It is always essential to make sure that you trust a regulated entity so that whenever you win, you can receive your profits. Additionally, it is good to venture with experience entities that have years of experience.

Investors need to know all the risks that come with this entity. To Participate in the activities of this platform, you need to provide your email address, name, and phone number. The platform sees itself as a top-notch investment firm. Review

The company claim that it has a trading software their trading system is known as Sirix Webtrader. It is compatible with all forms of devices. You can buy or sell currency using this platform.

The leverage that Billion Forex offers to an investor is that of 1:400. Keep in mind that the higher the power, the huge the risk that you are exposed to. The pips for the EURUSD currency pair is 2.7. Additionally, if you choose to trade CFDs using this suspicious unregulated firm, you will only end up regretting it.

In a span of seconds, you will lose access to your money. You can invest with trustworthy Forex trade EA without being exposed to such risks. All you need to do is to trust the process and have patience. You cannot become rich overnight.

Investors should also know that various financial bodies restrict the leverage from 1:40 or even below. If you compare what Billion Forex is offering, you will realize that this is an absurd figure.

The platform has a social trading feature where clients can interact with each other. It is a useful element because you can exchange ideas. We tend to believe that this could be the only pro with this entity.

When you compare the features of  Sirix Webtrader with that of MetaTrader4/5, you will realize that the MT4/5 is far better than this entity. Additionally, they are well known in the market, and their performance has no match.

Founders Information

One of the aspects that we look for in an investment firm is the ownership of the company. It is essential to deal with transparent platforms. This is because you will know the people handling your funds. Additionally, you are also guaranteed that in case of anything, the authority will help.

Anonymous firms are hazardous. Furthermore, the majority of them are being run by scammers. Hiding their identity will only ensure the firm can steal from as many clients as they can. Nobody will come after them after exiting the market.

Investment Plan

The company has three investment plans named micro, standard, VIP. The micro account has video tutorials, 24/5 customer support services, free research daily, an account manager who is dedicated, and a website that is compatible with desktop, mobile, or a tablet.

For the micro account, we have to deposit an amount worth $500. The standard version requires a deposit of $5000. It has the same feature as the previous account. The only addition is access to webinar and premium daily analysis.

The Standard plan is its full package plan. It is also costly as investors have to deposit an amount of $ 50,000.  It comes with all the factors of the standard account plus other features. You will have training with a specialist, receive signals via SMS, and have premium leverage and spreads.

The prices of the packages are costly. We would not advise anyone to trust Billion Forex with their hard-earned funds, especially when their legitimacy is questioned. They should avail their trading results for investors to access their credibility.

Withdrawal and Deposits

We have already mentioned the minimal and maximum amount that you can deposit at this entity. The company has different cashing in and out methods.  To deposit money, you can do so via Coinbase, Asimo, Bit Panda, and Coin Mama. To cash out, you can do that via bank transfer.

Mostly you find that majority of the investment schemes will accept funds via debit or credit cards. The method that Billion Forex is using is confusing and not used by many entities. Legit investment companies should have a straightforward strategy of depositing and withdrawing funds.

 Customer Support and Regulation

You can contact the company by email; [email protected] or via phone; +43720145041. Their office address is allegedly located at Estoniar8 Harju maakomd, Tallinn, Linnaosa, Kesklinna,  Roosilrantsi. Additionally, they claim to be a registered entity under company number 14887538.

The company has not acquired feedback from its customers; therefore, it is hard to establish whether they have a responsive customer support team. Across the world, there are strict measures that Investment companies have to observe.

The financial watchdog of the area the platform is allegedly located in the Estonia Financial Supervision Authority (EFSA). Sadly, Billion Forex is not in the database of this regulatory body. Hence, they are operating against the law.

The registration document that the company features on its website does not mean anything. It is useless as it does not offer any security. It is even likely that this entity is not based in Estonia. Scam venture will fake their address to win over victims.

Before trusting any investment venture, it would be best to check whether they are regulated. Moreover, you can also research to see what other investors have to say regarding the company. Do not deposit money blindly as the market has multiple scammers.

Safety of Funds

The licensed venture will offer you high-security measures. They will safeguard your money in reputable banks in the world. Additionally, if they face bankruptcy, you will receive compensation; hence the safety of your info and money is guaranteed.

However, companies like Billion Forex do not care about your experience. They will do whatever they please so long as their selfish needs are taken care of. Nonetheless, this entity proclaims that they have a risk management strategy whereby their customers will not face losses.

Furthermore, the venture also states that they are working with financial institutions that operate independently. The firm also claims that its customer’s protection comes fast. However, we cannot verify these claims, and it is hard to trust a shady firm.

Final Verdict

The company looks flawless, and you cannot suspect that they are involved in any nefarious activities. Unless you pay attention, you will confuse Billion Forex as a legit entity.

Investors need to be vigilant when it comes to investment entities. Invest only with reputable trading software in the industry that has no intention of stealing from you.

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