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Bit Micro FX is a company that claims to be dealing with forex and crypto trading. Everything seems okay from the outside. But what you might not know is this is a big scam. We came to this conclusion after a thorough analysis of the website.
First, the broker has managed to steal funds from innocent traders. There are multiple complaints from their victims. You should learn from the mistake of others. This is why we insist you conduct thorough research on a broker you wish to trade with.
Bit Micro FX has a low trust score. The risk of venturing with the firm is high. The traffic visiting the website is low. It is essential you deal with a company that has established itself. The entity also has some malware links. The people behind the scheme can steal your data without your knowledge. Avoid installing software that is suspicious on your computer.
The company promises investors over 200% ROI. Your first investment will have a 100% return. One thing you must understand is the market is super volatile. You cannot have the same outcome. Sometimes you will win, and others, you lose. You cannot have the same result. Anybody who has been trading knows it. We would love to see the technique BitMicroFX utilizes.
Many traders wonder if Bit Micro FX is a scam or a trustworthy broker. The number of scammers in the market continues to increase. We offer unbiased reviews on brokers. During your search, you might encounter positive reviews promoting a fraudulent scheme.
The bloggers will receive a fat commission from scammers. They do not care about your experience when you use their referral code. Trust your guts. If a deal is too good, walk away from it. The sales pitch of BitMicroFX is excellent. However, investment is not about narrative but statistics.
Why has Bit Micro FX shied away from availing performance reports? Past trading results should be featured if they are as good as they claim. We have no tangible proof there is an investment product or service.
Choose genuine crypto companies in the market. These are idyllic ventures in the best interest of traders. You will earn passive income while you enjoy fund safety. The withdrawal requests are also handled swiftly. The companies have reasonable fees. You can go through their customers’ feedback to understand their mode of operation.
Some Ponzi schemes will use a web trader interface. They prefer a simple tool. This is to allow them to manipulate the prices. However, Bit Micro FX does not even bother to hide its murkiness. There is no presence of a trading platform.
The trading conditions are also not available. Why else would you process opening an account with BitMicroFX? The leverage, commission, and spread information should be readily available. The venture is a Ponzi scheme that accepts money and uses it to handle withdrawal requests of pioneer investors. The money coming out of the system will always surpass the one coming in. The scheme will eventually collapse.
Investors can deposit cash via Bitcoin and Ethereum. Cryptocurrency funding allows scammers to remain anonymous. Users cannot issue a chargeback once they make a deposit. The scheme also takes a 10% commission on money transfers. They have not elaborated on the requirement.
You can also expect withdrawal fees. Before opening an account, you should know what the charges are. Scammers will disclose their terms when they wish to cash out money.
We do not know Bit Micro FX’s country of origin. The broker leaves out the contact details. There is also no means of communication. How do you intend to reach support when you have a problem? Ever left an interview and they told you don’t call us? Will they reach out? Automatically you know you didn’t get the job.
It is the same thing with scam companies. You cannot contact them, but they will blow up your phone, requesting more money. The number they use to reach you will eventually be deactivated. Your messages will also go unread.
Bit Micro FX is the worst of all Ponzi schemes. Never deal with discreet platforms. They all have the same experience. Legitimate brokers allow clients to live in their locality to visit their offices. You can also reach support via phone call. They work around the clock to ensure you are satisfied with their services.
Bit Micro FX does not mention its regulatory status. No regulatory body in the market would permit such a shady firm to operate in its jurisdiction. The transaction you make on the website will be untraceable. Offshore ventures only feature legal documentation for formalities purposes. Nonetheless, they can change the terms and conditions at their pleasure.
They will not give notice. Ponzi schemes also have hidden charges. They can falsely retain your funds. Even if you go to the authority, they won’t be able to help. Where would they start when the platform is fully anonymous? Going after fraudsters is pointless. It is an impossible mission.
The best thing to do is to avoid unregulated companies. Bit Micro FX does not create a conducive trading environment. Investors can also lose more cash than their initial deposit. The firm does not give negative account balance protection. They are also not working with a reputable top tier 1 bank.
Micro FX must have the capital requirement to receive a license, which varies from one regulatory body to another. However, we bet they cannot afford the vast capital as an offshore firm. There is also no point in them raising the cash. Not when their ultimate goal is to defraud investors.
The company is accused of stealing cash from traders. The alleged account managers are responsive at the initial stage. They will keep calling, promising huge profits. The moment you deposit, they start ignoring your calls. If you become a nuisance, they will request withdrawal fees. These charges were not mentioned in the agreement.
Bit Micro FX is only looking for ways to make you spend more. The platform leaves out the ownership information. Reconsider joining anonymous schemes. It is a huge red flag to deal with people you don’t know. The parent company is nowhere to be found. You cannot understand the individual’s true intention.
The venture is also promising ridiculous returns. The best top-rated brokers in the market do not guarantee such an outcome. The timeframe is also questionable. How the scheme mysteriously eliminates the volatile nature of digital currency is still a mystery. The scam is using false adverts to acquire more traders.
Bit Micro FX even claims to have been in the industry for years. However, Whois.com shows us this is a new broker. There are no positive client reviews or trading results. Once the scheme exit the market, traders will not receive compensation.
Is Bit Micro FX a genuine broker? Unfortunately, this is another scam in the making. The entity is another offshore scheme targeting newbie traders. Without a license, your money is not secure on the platform. In a blink of an eye, you can lose everything.
Choose some of the best cryptocurrency investment platforms. These are companies that have established themselves. They are transparent and genuine. They take the safety of customers serious. All the necessary data for withdrawal and deposit is at your disposal.
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