Even if you’re feeling confident and excited about making investments, you shouldn’t use any of these sites: m.gougouo.com, BKYHYO limited, citic securities, or https://1671435251000.citynice.me before reading this post. This post aims to debunk the sites’ claims of authenticity and legitimacy. If you want to know what red flags to look for before you commit to a financial deal with any of these platforms, read this article to finish.
m.gougouo.com
m.gougouo.com, also known as GGO, is a crypto exchange and brokerage platform that claims to provide a wide range of services to its users. At first glance, the website appears to be legitimate and it is still accessible. However, upon closer examination, it becomes clear that there are several red flags that indicate that this site is not trustworthy.
One of the most concerning aspects of m.gougouo.com is that it has no legit endorsement from experts in the crypto industry. This is a clear sign that the platform is not reputable and may not be operating in the best interests of its users.
Additionally, m.gougouo.com does not have any licenses or regulations, which means that it is not subject to any oversight from financial regulatory bodies. This lack of oversight makes it easier for scammers to operate, and it also means that users have no protection from fraud or other forms of financial misconduct.
Another red flag is that m.gougouo.com is not among the established platforms in the crypto industry. This is a clear sign that it is not a reputable or trustworthy platform and may not be able to provide the services it claims to offer.
Furthermore, the website isn’t sophisticated and lacks of information about the company behind it. This lack of transparency raises questions about who is running the website and what their intentions are. It also makes it difficult for potential victims to identify and report scammers.
It is important to note that the crypto industry is still relatively new and not all platforms are reputable. It is essential to be vigilant when researching a crypto exchange or brokerage platform and to look out for red flags such as lack of endorsement, regulation, and transparency.
Generally speaking, m.gougouo.com should be avoided at best. While it may look legitimate at first glance, it has several red flags that indicate that it is not trustworthy. It is important to be diligent when researching a crypto exchange or brokerage platform before making any transactions or investments. It’s important to stick to the established platforms and be cautious of any platforms that lack licenses, regulation, and endorsement.
BKYHYO limited
BKYHYO limited is a suspicious platform that claims to be a legitimate investment firm, however, upon closer examination, it becomes apparent that this is not the case. The first red flag is their alleged regulatory license, which upon further investigation, appears to be fake or non-existent. This raises questions about the legitimacy of the company and their ability to operate legally.
Furthermore, the scope of their business is also suspicious as they claim to offer a wide range of investment opportunities, yet there is little information available about their specific services or track record. This lack of transparency is a clear indication that something is amiss.
Clients who have used the platform have reported that they are unable to withdraw their funds after making several withdrawals. The company always demands more deposits and blocks accounts after clients make deposits. This pattern of behavior is consistent with a scam operation.
Additionally, clients have reported that trades on the platform are often manipulated and the trading executions are poor. This suggests that the company is more interested in making a quick profit rather than providing a fair and honest service.
At this point, we can conclude that BKYHYO limited is a suspicious platform that should be avoided. They have a questionable regulatory license, a suspicious scope of business, and clients are unable to withdraw funds. The company also manipulates trades and has poor trading execution. It is best to stay away from this platform and invest your money with a reputable, regulated and established platform.
CITIC Securities
Despite its limitations, CITIC Securities is a reputable and respected investment firm in China, with a strong track record of providing top-notch brokerage services to its clients. Founded in 1995, the company has grown to become the largest Chinese investment holding company in the country, and is regulated by both the China Securities Regulatory Commission (CSRC) and the Central Bank of China.
One of the key advantages of CITIC Securities is its low fees for the Chinese market. The company does not charge any inactivity or withdrawal fees, making it an affordable option for investors. Additionally, the account opening process is quick and easy, and can be completed entirely online.
CITIC Securities also offers a wide range of research tools, including high-quality trading ideas and detailed fundamental data. These tools can be particularly useful for beginner investors, who may be looking for guidance and direction as they navigate the markets.
However, it should be noted that CITIC Securities is only available for Chinese and Hong Kong markets. It also has a limited selection of assets which includes only local Chinese market securities. Additionally, the trading platforms offered by CITIC Securities lack some important features, such as advanced order types and a two-step login.
Despite these limitations, CITIC Securities remains a solid choice for investors looking for a reputable and reliable brokerage firm in China. The company’s membership in the SIPF (China Securities Investor Protection Fund) and its numerous awards for excellent banking and brokerage services are a testament to its reputation and credibility in the industry.
It should be also noted that CITIC Securities does not provide bonuses and rewards for partners. This may be a downside for some investors, but it is important to remember that a broker’s bonuses and rewards should not be the only factor considered when choosing an investment firm. Beware of sites offering services outside that region under the name CITIC Securities
CIty Index
It is deeply concerning to hear about the fraudulent activity that is taking place on the site known as City Index. According to the information provided, this platform has no valid regulation and is engaging in malicious hedging of huge orders, control of user accounts, and blocking the ability to deposit or withdraw funds. This type of behavior is unacceptable and should be reported to the appropriate authorities.
One individual shared their experience of waking up to find two additional orders on their account, a long and a short locked position, but being unable to operate the trading software or close the position. When they contacted the account manager, they were informed that the illegal operation had caused a risk of insufficient margin and that they would need to make a deposit in order to resume transactions.
It is important to be aware of the people on these fraudulent networks, as they can often use false names and appearances to deceive others. In this case, the individual was introduced to a woman on the social media platform Kuaishou, who convinced them to invest over 1.35 million. She introduced them to a person using the alias Lao Liu Lao Wang, who later turned out to be a fraudster. This individual and their associates use aliases such as Wang Tianshun, Wang Shundong, and Liu Zhenhua and are currently using the stolen platform of City Index, with the official website being https://1671435251000.citynice.me/.
According to the individual, the people involved in the scam include a master account named Xu Hao (real name Zeng Xinghao), an assistant account named Lin Ziyi (real name Chen Xiaomei), and a business account. They use a variety of tactics to deceive and manipulate their victims, including using chat software, introducing fake investment professionals, and sending gifts to build trust. They also use a variety of brainwashing techniques to convince their victims to invest in gold and stocks, while also using the promise of reduced handling fees and top-up promotions to lure in more victims.
Once they have control of their victims’ accounts, they engage in hedging and locking positions, making it impossible for their victims to close the position or withdraw cash. They then demand additional deposits or authentication fees, effectively trapping their victims in a cycle of losing money without any means of escape.
It is absolutely vital that people are aware of the dangers of this fraudulent platform and the individuals behind it. If you or someone you know has been a victim of this scam, it is important to report it to the authorities and seek legal assistance. It is also important to spread awareness of this scam so that others can avoid falling victim to it. Â
Conclusion
While m.gougouo.com and BKYHYO limited are platforms to be avoided, CITIC Securities is a reputable and respected investment firm in China. Despite some limitations such as being only available for Chinese and Hong Kong markets and lacking some features in its trading platforms, CITIC Securities has a strong track record, is regulated by relevant authorities, and offers low fees and a range of research tools. It is important to exercise caution and conduct thorough research when choosing an investment firm, as not all platforms may be trustworthy.
