BitageFx is a broker that claims it trades forex, cryptos, and stocks. You can explore several markets and opportunities. Ironically, the scheme assures clients of modern trading opportunities. It turns out the entity is not even trading. With this in mind, you should not waste time with the losing venture.
The broker allegedly trades stocks, crypto, indices, commodities, forex, or CFDs. The company is accepting both novice and expert traders. Only the rookie investor might fall for the plot of the scam. The venture even claims it has a demo account. It is usually a good thing when a company presents a demo. Investors can familiarize themselves with the trading interface.
Unfortunately, BitageFx only lists fake data to draw more victims. The entity states it has over 1,600 assets. There is not even a single product that you can trade. Moreover, this illegal venture does not have a regulatory form.
Joining this Ponzi scheme will result in massive losses. There is also no technology being utilized. The company is a sham venture being run by incompetent individuals. The fraudsters even claim to have won multiple awards. However, this is another misleading statement.
The platform is not recognized for any of the reputable services. The only thing the scam is infamous for is stealing from innocent people. They do not even have a support team. Nothing is intriguing about this entity.
BitageFx claims it has a trading course. It consists of an introduction to the financial market, fundamental and technical analysis, Information on when to open and close the trade, and how to manage risks. The data is only beneficial to novice traders. Expert traders will need an advanced course.
Refrain from dealing with the scam. There is no latest news or superior trading tools. Additionally, this is a company that does not credit its team. We cannot validate if professional traders will be handling your money. Given all the red flags the broker portrays, you should look for a better entity.
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Moreover, there is also no trading performance. BitageFx presents misleading statistics to show how reputable it is in the market. Your money is not secure as the company is working independently. The banking information is missing. The scheme is not segregating funds.
The company does not have a trading history. The broker is only registered for a period of one year. The likelihood of them not coming back is high. A company with many loopholes is not worth your trust as it will leave you high and dry.
Here is a list of genuine crypto companies that have survived volatility in the market. Some entities are transparent and operate openly. Information regarding the trading conditions is accessible to all. The data on withdrawal is also available.
BitageFx is a murky business that does not qualify to be in the market. They do not have trading software. A legit broker will provide a major trading platform. Signing up with the scheme, you won’t know what you are getting yourself into.
Information regarding leverage and spread is missing. There is no use of such data, considering the firm accepts funds without trading. This pyramid scheme uses funds of new investors to process the withdrawal requests.
That is, if you are lucky enough to receive your funds. Ponzi schemes do not survive in the market. BitageFx will exit unceremoniously. Your money shall be trapped in the scheme.
The broker does not have withdrawal or deposit information. The payment methods the scheme accepts are not featured. Most likely, the scheme will be getting money funds via options that limit traders from issuing a chargeback. Once you give access to funds to con artists, there is no going back.
BitageFx does not disclose the least amount traders can cash out. We also cannot tell if there are applicable fees. Investors should know the minimum amount to deposit. The scheme may be overcharging investors. Moreover, there is usually an account dormancy policy.
Investors should trade with companies that are transparent. Since the venture deals with crypto, it could be taking funds into the founders’ accounts. Once you deposit crypto, you cannot recover the money.
BitageFx claims it has offices in France, UK, Germany, Australia, and China. These are countries with strict rules for investment schemes. You can quickly tell the broker is faking the information. The actual country of origin of the scheme is unknown.
The scheme allegedly has a 24/7 support team. However, they do not have a channel to communicate with them. If you experience any hitch, keep in mind you will not be able to resolve the issue.
A genuine company will invest highly in the quality of support. You can call them or interact with the team online or social media. BitageFx is only looking for ways to steal from innocent individuals. The venture does not care about the experience traders receive.
Unfortunately, BitageFx is an unregulated scheme. In all the areas the venture claims to have offices, it is not authorized to be conducting its business. The entity is operating illegally. The broker is determined to remain relevant. Hence, it presents falsehood data.
It allegedly has a license from the United Kingdom watchdog. Unfortunately, after checking the Financial Conduct Authority (FCA) database, we didn’t find the name of this venture. The company also claims it has a regulatory form from the Polish and Turkey financial body legal document governs every financial investment scheme. Unfortunately, BitageFx does not have Terms and Conditions even if the company exits the mar, nothing that binds them to deliver financial services to traders.
The risks involved in trading are numerous. Moreover, the venture is not reporting its trading activities to anyone. The venture can manipulate trading results. The withdrawal requests may never be processed. Investors also have the right to know the people dealing with their money. A company should provide the names of its team.
Stick to regulated entities in the market. You will yield real-time returns. You will also sleep soundly knowing the company is dedicated to your trading growth. In case of any shortcomings, you can report them to the authority.
BitageFx has several false reviews. The first question to ask yourself is how the company can generate attractive returns while it does not even have software. It also turns out the scam is using stock images. This low-life scheme uses every available technique to trap naive investors.
Learn to distinguish between legit and fake reviews. You should look for client reviews on third-party websites. At least there, the broker cannot manipulate the information. The scammers will only feature positive info that most of the team writes themselves.
BitageFx is a murky business. The broker is running an illegal business. They do not have good intentions with investors’ funds. The broker does not have a reliable support team. They also lack a past trading history. Your safety is not guaranteed.
We recommend that you trade with a verified crypto investment scheme with excellent trading conditions. You will sleep soundly knowing the entity puts the safety of your data and funds first.
What do investors have to say about this company?
BitageFxhas false testimonials
Which trading platform is available?
There is no trading platform
Is BitageFx licensed?
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