Blockcepk is a forex and CFD broker that claims to offer a variety of trading services. However, there are a number of red flags that suggest that Blockcepk is a scam broker.
Company Overview
Blockcepk is a relatively new broker, having been founded in 2022. The company’s website is poorly designed and lacks any information about its team or management. There is also no mention of any regulatory licenses or registrations.
Team
The Blockcepk website does not list any information about the company’s team. This is a red flag, as legitimate brokers should always be transparent about their management.
Services or Products
Blockcepk claims to offer a variety of trading services, including forex, CFDs, and cryptocurrency trading. However, there is no way to verify this claim, as the company’s website does not provide any trading platforms or educational resources.
License and Regulations
Blockcepk is not regulated by any financial authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activities, such as front-running, price manipulation, and withdrawal delays.
License Status
Blockcepk does not have any financial licenses. This means that the broker is not authorized to operate in any regulated jurisdiction.
Regulation Status
Blockcepk is not regulated by any financial regulator. This 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 reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or regulation. This means that they are more likely to engage in fraudulent activities, such as front-running, price manipulation, and withdrawal delays. Second, unlicensed brokers are not required to keep client funds segregated. This means that your money is not protected in the event of the broker’s insolvency. Third, unlicensed brokers are not required to provide dispute resolution mechanisms. This means that if you have a dispute with the broker, you may have difficulty getting your money back.
Legal Warning Against Blockcepk
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against Blockcepk. The FCA has warned that Blockcepk is not authorized to provide financial services in the UK and that it 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 Blockcepk online. These reviews allege that the broker is a scam and that it has refused to allow clients to withdraw their funds.
Feedback About Their Trading
Clients who have traded with Blockcepk have complained about the poor trading conditions. These conditions include high spreads, low liquidity, and hidden fees.
Feedback About Their Customer Service
Customer service at Blockcepk is reported to be non-existent. Clients who have tried to contact the broker have been met with silence or excuses.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Blockcepk or another forex broker, there are a number of things you can do. First, you should contact your bank and report the fraud. You should also file a complaint with the FCA or other financial regulators. You can also contact a lawyer who specializes in forex fraud.
After you have done all of these steps, you should contact us to get a quick response. Our team of experts will analyze your case and will schedule a free consultation call. We will then provide you with some guidance and recovery recommendations to help you in recovering the lost funds.
Final Thought
Blockcepk is a scam broker that should be avoided. If you are considering trading with Blockcepk, recommend reconsidering. There are many legitimate brokers out there that offer much better trading conditions and customer service.
