Another Bizarre broker is Bisazza market, which is without a doubt a cruel and unforgiving broker. BissazaMarket is claiming to be a US-based broker which is untrue as this is an offshore broker. Immediately you land on their homepage, you get a site with the Chinese default language. Even if bisazzamarket.com is for the Chinese investor in America, there are plenty of loopholes. We did a thorough investigation to find out why there are several complaints. Read this honest Bisazza Market Review for more.
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What is weird with this platform is their trading name. Bisazzamarket is the name they want you to know it by. The homepage tells a different story. From what we’ve seen, the homepage is calling this broker Bisazzaforex.
Why the platform has two names is beyond our comprehension. And this is the reason why we must expose the deep rot in the organization. The about us page also tells a different story concerning the broker’s location.
It claims to have more than 100 000 active customers, which is not the case. The broker pale’s into comparison with a broker with such membership numbers. According to the website, it was established in Greater China in 2011.
The broker claims to have more than 5,000 IB partners with a transaction volume of $13 trillion. These numbers are considerably bloated as most Chinese investors do not recognize the broker. It says a lot if the people who you claim are your investors don’t know you.
Bisazza market is claiming to use STP/ECN trading model. Assets available for trading under this brokerage include CFDs, Forex, precious metals, stock, and indices. The broker claims to offer over 60 currency pairs.
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Most of these are major currency pairs with 400:1 leverage 24 hours, 5 days a week. The broker claims to have more than 100 well-known American and European stocks. They claim to have listed stocks in 20 major global stock exchanges.
There’s no mention of the team or who’s behind this trading platform. And this throws everyone in disarray as it’s another anonymous trading platform. Having an unknown broker in the helms is a hectic situation.
There’s no way of knowing who’s handling your funds. Anonymity is a risky investment option that no investor should consider. Stay away from online anonymous trading platforms. Most of them are in bed with professional scam artists.
Bisazza market is trying to fool investors by claiming to have a legal license from US authorities. On the Regulation and Compliance page, the broker claims to be supervised by the US MSB. These are false claims as any broker in the United States is regulated by the CFTC and NFA.
Every broker operating in the United States must register with the Commodity Futures Trading Commission. BisazzaMarket is not licensed or regulated by the CFTC or SEC, which paints a clear picture of the situation.
The broker has tried to dupe visitors by having the FinCEN budge on the compliance page. With the badge, they hope to fool investors into believing that this is a legit platform. These are false claims as the broker does not have credible certificates.
These are fraudsters who will use every trick in the book to scam investors. Please stay away from such platforms whose intent is to make you deposit with them. This broker is a scam, and we hope authorities will shut down their operations.
A few members who made contact with us claim that the support team is horrendous. The trading conditions on the homepage are not what you get after you sign up. Li Chao is one aggrieved member who lost over $5,000 with this broker.
After being led into believing he will double his deposit, Li is now crying foul. Weeks have passed with no word from the broker or support staff. He is trying to withdraw the balance on his account with no promise. These are online fraudsters.
Therein lies the biggest problem with using this broker. Depositing funds is easy and fast, and the process takes less than five minutes to complete. Depository options available on this platform include Bpay, MasterCard, Neteller, Polo, Skrill, UnionPay, and others.
The entire platform does not give users the deposit and withdrawal terms. These brokers are hiding the fact that they will block withdrawal attempts. It’s one of the main reasons why we must expose them.
Even though they claim to have relocated to the United States, their IP tells a different story. According to the domain tools checker, their IP is in Hong Kong. The website went live on 27th August 2020. There have been three changes in their IP history over the last year.
It tells that the broker has been changing their servers from time to time. One of the reasons they do is to avoid attacks from aggrieved parties. Stay away as their claim of having years of online trading experience is a burst.
Bisazza market is not mentioning the available account types on the platform. Once you sign up, that’s when the broker tries to entice you with account types. There’s a demo account available for those who want to try out the platform. The demo account is of no use as it’s a clone of MT4 platform free demo accounts.
Without the account types, we don’t know the minimum account deposit required to trade with the broker.
The broker claims to have a professional analyst team behind it. There’s no mention of any experienced analyst on the platform. We don’t see any analyst coming forward to associate themselves with the broker.
And this leads us to believe that the so-called analyst team is a hoax. There’s also a lack of professional support for anyone who signs up with the platform. Once you sign up with the platform, it’s the last you will see of your hard-earned funds.
There’s an option of using the MT4 trading platform with this unit. The option gives users the chance to sign up with an adequate trading platform. That’s the only thing you get, an acceptable trading platform that is in no way related to this broker.
You can download the MT4 trading terminal even without having a broker. There’s no way you can trade with this broker as they are clearly hiding a lot from users. Please stay away from it, or else risk becoming the next victim.
As the broker is using false registration details, the security of funds is not a guarantee. The broker does not deposit the minimum required amount with authorities. It means your funds don’t get any insurance cover as the law mandates. If the broker winds up due to bankruptcy or insolvency, members won’t get any compensation. That’s why dealing with the broker is a huge problem.
Bisazza market is a scam that all investors should avoid. The platform is a rip-off and does not have any Chinese origins. The broker is trying to target Chinese investors in America and the greater European region from what we’ve seen. Stay away from this broker or risk ending up like Li Chao.
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