Bitroxa is just a scam that was designed to fleece your wallet from day one. If you send them money, you lose it. There is no question about it.
The website is an entity of the company BitRoxa PTY Limited. It is a brand new company since they do have a registration number which can be confirmed at Beta Company house.
This is just a show of credibility as we all know it. Registered companies can decide to disappear with your money at will, especially if they are registered in the UK and are purporting to provide investment services to members of the public. Thus a company registration number in this niche means nothing.
And by the way, BitRoxa claims that their operations are very transparent, so anyone can have confidence in their investment plans.
How are they doing it? Apparently, they claim that when you invest with them, you will be able to view investment reports in real time.
They also have employees who allegedly work 7 days a week, conducting arbitrage trading with Bitcoin. This scares us very much because arbitrage trading is very dangerous. Moreover, we are not sure if there is any investment company that works 24/7 including holidays. Most if not all brokers are closed during the weekends due to low liquidity in the market. But BitRoxa would like you to believe that they will be making money for you every day for the rest of your life.
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With BitRoxa, there is no loss because your finances are secure, plus their trading methodology is ”safe and sound”. Basically, BitRoxa wants you to believe that when you invest with them, life will be more enjoyable for you since you won’t need to work hard to multiply your money, thanks to their experienced employees who have been mining and trading Bitcoin since 2009.
Notice we highlighted the words ”experienced” and ”employees” in bold. That’s because there is no evidence that this company is working with any experienced traders or miners of Bitcoin.
Secondly, if BitRoxa was just registered the other day, how is it possible that this company was existing in 2009? It does not make sense, right? Those are some of the issues we shall be tackling in this review.
Note: Companies that are legitimately mining Bitcoin can be found in this post.
We would really love to know what kind of strategies this company is using to generate 0,63% hourly returns every single day.
If you calculate this figure and factor in 30 days of the month, you will come to the realization that this, on average, becomes 353% per month. That’s just how good it is. BitRoxa does not charge any fees or commission. What they are interested in is to triple your investments in less than a month because they have a secret Bitcoin trading strategy which they are willing to use on your money. They said your money will be safe throughout. Do you honestly believe these guys?
We think that this is too good to be true, hence it is a big lie. The kind of returns that this website is promising is ridiculous. Only scams promise such kind of returns, and there is no exception. People who want to get rich overnight are the ones being targeted here.
In as much as BitRoxa hints that their methodology of trading involves looking out for volatility and trend formation, we see that this is just an excuse which they use to make them look legitimate. Every scam will use excuses to convince those who don’t know how Bitcoin trading works.
The truth of the matter is that no Bitcoin trading is going on here. This is just a ponzi scheme like many others. They figured that crypto-currency niches were extremely profitable. They could fleece lots of people in the process. It was expedient for BitRoxa to hide behind cryptos. By doing so, it is abusing Bitcoin trading/mining by masquerading as a legit investment company when the truth is very far from it.
Yes, this is a registered company. It might surprise you because registered companies tend to conduct legitimate operations. You cannot anticipate a registered company to disappear with as little as $10 belonging to someone else.
Well, that kind of ignorance is their bread and butter. That minimum is nothing but a bait where the naive investor is lured to invest a bigger amount later on.
You see, this company is very new. It was registered last month. It has no history of trading or mining Bitcoin profitably. As it currently stands, there is no proof of performance whatsoever. What we are seeing as deposits and payouts cannot be verified.
Besides, this registration number which was acquired last month is just for taxation purposes. When such registration is issued on a ”Bitcoin company” like this one, it is meant for taxation and not because the company is conducting legitimate operations on the internet.
It is unfortunate that despite this company gaining the Ltd status, their registration no says nothing about their activities. This gives them a lot of leeway to conduct any dirty operation regarding Bitcoin. Who suffers in the end? The investor.
We do not know which criteria the UK company registrar uses to register companies which intend to operate in this niche.
What we know is that if you intend to operate in the financial service industry, you must seek a licence from the FCA.
As it currently stands, BitRoxa does not have FCA’s approval. Why is that so?
Because they are an illegal business whose standards cannot meet those of FCA. The main thing here is that this company registration is meant to create a false sense of legitimacy. There is nothing like Bitcoin trading here. This company is just collecting money from depositors, no returns are being offered.
But even if they decide to offer some returns, it will not last. Maybe those who make a small test deposit will make some profits which they will even withdraw from the company. They know that tests deposits eventually lead to bigger deposits. So when the victim sends a bigger deposit for their investments, that’s when things will turn sour. That victim will lose the money. Any attempt to communicate with them afterwards will be thwarted or ignored. They have always specialized in this financial game.
Honestly, when we look at the figures presented on BitRoxa website, we see that these numbers are not making sense at all.
If you want to know that BitRoxa is a scam without going so much into details, just look at the numbers. 353% monthly return is an impossible to achieve figure. Let’s not pretend because we all know it.
You can be assured of the fact that only a ponzi scheme can promise you a 300% monthly return. They rob Peter to pay Paul. This cycle is not going to last any longer because the idea is to lure big depositors.
We’ve seen scams like BitRoxa collapsing. Most of them come from the UK, and they disappear within a few weeks. This is not an exception.
We don’t think that a ponzi scheme like BitRoxa is the best opportunity for you. It can’t be because there is no proof of performance, plus the alleged payout records cannot be verified. Keep off.
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