BronzeFX (Bronze-fx.com) is a Crypto Currency and Forex scam platform which must be exposed for their fraudulent activities. Bronze FX is claiming to offer the newest generation of sophisticated trading robots. Apart from offering automated trading services, they claim to be trading advisers. After receiving complaints from members who lost funds, we decided to investigate. Why are members losing funds immediately after depositing? Read this detailed BRONZEFX review for more.
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What seems to be a well-designed website is turning out to be a professional scam trap. Professional scam artists have been cloning trading websites to lure investors into depositing funds. Why do newbie investors sign up with fake and rogue brokers? Most investors blindly sign up to an online platform without conducting research. Is this broker recognized by the trading community? Are funds safe once I deposit them? These are questions you need answers to before signing up.
Thanks to our years of trading experience, we know how to spot a scam from a mile away. Spotting scams can be a problem and this is why reading reviews helps open eyes. After reading this review, you will know what to expect with this broker. Kim lost over $9,000 within an hour trading with this platform. Whoever signs up with this broker will experience the same fate. Make sure to go through this honest review and find out some tricks used to scam newbie investors.
According to disclaimer at the footer of their homepage, this platform is owned by TRS Investment Ltd. Is this company legit or registered? After checking with leading company registrars, no results turned up with this name. It seems we are dealing with yet another anonymous site. Stay away from brokers who use fake company’s name to try and feign legitimacy. BronzeFX is another anonymous platform which must be exposed by all parties.
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Who are the founding members of this platform? Why can’t we get the names of people running this website? It would seem we are dealing with a rotten scam platform with no actual owner. Investors are depositing funds to an unknown third party. Disclaimer at the footer of the page claims the mother company is based in St. Vincent and the Grenadines. It’s clear we are dealing with an offshore broker. Offshore brokers are known for flaunting set rules and regulations, stay away!
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One can see disclaimer shows no details regarding any license or registration. BronzeFX is an illicit company which is operating under no regulation. In order to verify their licensing status, we reached out to leading regulatory bodies. They include ASIC, CySEC, FCA, and NFA. None of these international regulatory bodies has ever licensed Bronze FX. An unauthorized broker is bad news as they tend to close shop once they have their fill. BronzeFX is not licensed or registered anywhere.
Where are their licensing and registration certificates to prove us wrong? Lack of these vital documents is proof we are dealing with an illicit brokerage firm. In case members lose funds, help won’t be forthcoming as users are also to blame. Signing up with unlicensed entities means your funds are not fully protected. Trying to get your funds back from an offshore broker is next to impossible. Remember these scam artists are anonymous in nature and are probably stationed elsewhere.
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Members are furnished with three types of accounts by BronzeFX. Investors can opt to go for Basic, Advanced, and Premium account holders. What we noticed odd with two of their accounts is having an account manager. Account managers will constantly harass users to deposit more funds and promise higher returns. And this is where the trap is set for investors to fall. Depositing more means you are funding owners of this platform. Resist from opening an account with Bronze FX.
Another issue we found to be disturbing is lack of live support. With a broker who claims to have newest generation of sophisticated robots, why lack live support? Only way to make contact is via email which is a one way communication channel. In case you send an email demanding withdrawal of funds, your account gets blocked or closed. Sending an email asking how to deposit, you get prompt replies on how to fund accounts.
Investors can deposit funds using Bank Transfer, Maestro, and Visa. Before depositing, you will get calls from their account managers urging you to deposit as much as you can. These account managers will also share their Whatsapp details in order to keep communication channels open. They do this to create a level of trust between investors and the account managers. Wait, don’t just deposit yet.
Withdrawing funds is the biggest bone of contention among members. After making a few trades, Kim decided to withdraw the remainder of his funds. Expecting to withdraw funds with this broker is next to impossible.
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How can funds be safe from a broker who is based offshore? Why have they failed to mention how they handle funds? Which bank do they use to deposit funds from members? Is it possible investors are depositing funds straight to owner’s bank account? Dealing with BronzeFX will lead to more harm than good, stay away!
Another perturbing issue with this broker is segregation of accounts. BronzeFX is pooling funds in one account which can lead to investors losing their entire deposits. Bankruptcy is one way in which members will surely lose funds with this broker. Members should not expect any compensation once this broker goes under.
After checking all the information, we are sure BronzeFX is a scam. Make sure to ignore all their calls to sign up with them.
To protect our readers, we will be adding this broker to our scam blacklist. Mark all their emails as Spam and never click on any links sent by their email marketing team. You now know the tricks used by this scam artist to take your money.
For a sure way to make money, use approved Forex trading tools. Credible and dependable Forex trading robots is what you need to make real profit margins. Go for transparent and vetted Forex trading robots at all times.
Wishing you a successful trading experience.
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