BMG Crypto is a cryptocurrency trading platform that has been accused of being a scam. The company claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is not true. In fact, BMG Crypto is not regulated by any financial authority.
Company Overview
BMG Crypto was founded in 2022 and is headquartered in the Seychelles. The company’s website claims that it offers a variety of trading services, including spot trading, margin trading, and derivatives trading. However, there is no evidence to support these claims.
Team
The team behind BMG Crypto is unknown. The company’s website does not list any of its employees or executives.
Services or Products
BMG Crypto claims to offer a variety of trading services, but there is no evidence to support these claims. The company’s website does not provide any information about its trading platform or its trading conditions.
License and Regulations
BMG Crypto claims to be regulated by the FCA in the UK. However, this is not true. The FCA has not authorized or regulated BMG Crypto.
Why Dealing With An Unlicensed Broker Is Risky
Dealing with an unlicensed broker is risky because you have no way of knowing if the broker is legitimate or not. Unlicensed brokers are more likely to engage in fraudulent activities, such as stealing your money.
Legal Warning Against BMG Crypto
The FCA has issued a legal warning against BMG Crypto. The warning states that BMG Crypto is not authorized to provide financial services in the UK.
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.
Client Feedback
There are no reviews of BMG Crypto from verified customers. This is a red flag, as legitimate brokers typically have a number of positive reviews from their customers.
Feedback About Their Trading
There are no reviews of BMG Crypto’s trading platform. This is another red flag, as legitimate brokers typically have a number of positive reviews about their trading platform.
Feedback About Their Customer Service
There are no reviews of BMG Crypto’s customer service. This is another red flag, as legitimate brokers typically have a number of positive reviews about their customer service.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by BMG Crypto, you can contact “Reviews Advice” for help. “Reviews Advice” is a company that specializes in helping people who have been scammed by online brokers. They can help you to recover your money and to take legal action against the scammers.
Final Thought
BMG Crypto is a scam broker. The company is not regulated by any financial authority and there is no evidence to support its claims about its trading services. If you are considering trading with BMG Crypto, we urge you to reconsider. You are putting your money at risk by doing so.
If you are considering investing in cryptocurrency, I urge you to do your research and choose a legitimate broker. By following these tips, you can help to protect yourself from scams.
