As an investor, one of the most important decisions you will ever make is selecting the right broker. The broker you choose to work with can determine your success or failure in the financial markets. Unfortunately, there are many unscrupulous brokers out there whose primary goal is to scam unsuspecting investors. In this review, we will take a closer look at bvnusxt.cc and why it is a scam broker that you should avoid at all costs.
Company Overview
Bvnusxt.cc is a broker that claims to offer forex and CFD trading services to clients around the world. The company claims to be based in the United Kingdom, with an office located at. However, upon further investigation, we discovered that this address is merely a virtual office that the company is using to deceive potential clients.
Broker Name | BitVenusXT |
Website | https://bvnusxt.cc |
Location | 71-75 Shelton Street, London, WC2H 9JQ (Virtual address) |
Regulation | Â |
| Â | Â |
Team:
There is no information available about the team behind bvnusxt.cc. This lack of transparency is a major red flag, as reputable brokers typically provide detailed information about their management team and staff.
Services or Products:
Bvnusxt.cc claims to offer a wide range of trading services, including forex, stocks, commodities, and indices. However, we found that the company does not offer any real trading services. Instead, it appears to be a front for a scam operation that seeks to defraud investors.
Trading Platforms:
Bvnusxt.cc claims to offer the popular MetaTrader 4 platform for trading. However, we found that the company’s website does not provide any download links or instructions for accessing the platform. This is another red flag that suggests that the company is not a legitimate broker.
License and Regulations:
Bvnusxt.cc claims to be licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. However, we discovered that this claim is false. The FCA has not issued a license to bvnusxt.cc, and the company is not authorized to provide financial services in the UK.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers like bvnusxt.cc is extremely risky for investors. These brokers are not subject to regulatory oversight, which means that they can engage in fraudulent activities without fear of punishment. Furthermore, unlicensed brokers often do not have sufficient capital to cover their clients’ losses, which can result in devastating financial losses for investors.
Legal Warnings Against bvnusxt.cc:
There have been several legal warnings issued against bvnusxt.cc by financial regulators around the world. The Financial Conduct Authority (FCA) in the UK has warned investors that bvnusxt.cc is a clone firm that is using the details of a legitimate company to deceive investors. The Australian Securities and Investments Commission (ASIC) has also issued a warning against the company, stating that it is not authorized to provide financial services in Australia.
Client Feedback About bvnusxt.cc:
We found numerous complaints from clients about bvnusxt.cc online. Many clients reported that the company failed to honor withdrawal requests, and others claimed that the company manipulated prices to trigger stop-loss orders. Additionally, many clients reported that the company’s customer service was unresponsive and unhelpful.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by a broker like bvnusxt.cc, there are steps you can take to recover your funds. FXfarmupdate is a financial recovery service that can help you recover your lost funds from fraudulent brokers. The company has a team of experienced professionals who are skilled in recovering funds from scam brokers.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Final Thoughts:
Bvnusxt. cc is a scam broker that you should avoid at all costs. The company is not licensed or regulated, and it has a history of fraudulent activities and poor customer service. Dealing with unlicensed brokers like bvnusxt. cc is extremely risky, as they are not subject to regulatory oversight and can engage in fraudulent activities without fear of punishment. If you have been scammed by bvnusxt.cc or any other fraudulent broker, it is important to take action and seek assistance from a reputable financial recovery service like FXfarmupdate. Remember to always do your due diligence before investing your money and choose a reputable and regulated broker to work with.
