Bsetcoins is a forex and cryptocurrency trading broker that claims to offer a variety of services to traders, including access to global markets, competitive spreads, and a user-friendly platform. However, there are a number of red flags that suggest that Bsetcoins is a scam broker.
Company Overview
The Bsetcoins website does not provide much information about the company, such as its headquarters address or registration number. The only contact information listed is an email address and a phone number.
Team
There are no team details on their website. We tried to get the information from their customer service and their website’s “About Us” section. But, there was no information regarding this. It is clear that they are hiding their details and this is a clear feature of a scammer broker.
Services or Products
Bsetcoins claims to offer a variety of services to traders, including access to the forex market, cryptocurrency trading, and binary options trading. However, the company’s website does not provide any detailed information about these services. Additionally, the website’s trading platform is not available for demo trading, which makes it difficult to assess its functionality.
License and Regulations
Bsetcoins is not regulated by any major financial regulator, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This is a major red flag, as it means that the broker is not subject to any oversight or regulation.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of risks associated with dealing with an unlicensed broker. These risks include:
- The broker may be a scam and may not actually have the funds to pay out your profits.
- The broker may engage in unethical or fraudulent trading practices.
- You may have difficulty withdrawing your funds from the broker.
- You may not be protected by any financial laws or regulations.
Legal Warning Against Bsetcoins
The Financial Conduct Authority (FCA) has issued a warning against Bsetcoins, stating that the company is not authorized to provide financial services in the UK. The FCA also warns that Bsetcoins is likely to be a scam.
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 a number of negative reviews about Bsetcoins online. These reviews allege that the company is a scam and that it has defrauded traders out of their money.
Feedback About Their Trading
Some traders who have used Bsetcoins have complained that the company’s trading platform is buggy and unreliable. Others have said that the company’s spreads are too high and that the fees are too expensive.
Feedback About Their Customer Service
Customer service at Bsetcoins is said to be poor. Traders have complained that they have difficulty getting in touch with customer support and that the company does not respond to their queries in a timely manner.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Bsetcoins or any other broker, Reviews Advice can help you get your money back. We have a team of experts who can help you file a complaint with the relevant authorities and track down the scammer. We also offer a variety of resources to help you protect yourself from scams in the future.
Our experts will schedule a free consultation call with you after evaluating your case. During this consultation call, we will provide you with some guidance and recovery service recommendations to help you in recovering the lost fund.
Final Thought
Bsetcoins is a scam broker that should be avoided. If you are considering trading with this company, we advise you to reconsider. There are many legitimate brokers out there that offer better services and more protection for your money.
