Introduction to Banco FX Review:
With the finance market witnessing a booming growth amidst the new brokerage firms and variety of Cryptocurrencies, the finance market is, unfortunately, the victim to a huge number of scam brokers who hide under the anonymity of the internet and trap the innocent traders in their vicious traps. There can be any type of scam today which is just not limited to Forex scam, Cryptocurrency scam, Binary trading scam, CFD trading scams, Pet scams, Pension scams, Dating/Romance scams.
Thus Banco FX broker is one identity which has been reported to be a scam broker. After receiving many complaints from our valuable readers, we decided to investigate Banco FX scam broker. In this Banco FX review, we will also be discussing what to do if any of you have been scammed by Banco FX.
Is it possible to make money with Banco FX?
Upon opening their website, it was found that Banco FX broker claims to offer trade in a variety of tradable instruments. The brokerage firm offers online trade with the help of trading software. If a broker is a scam, the claims made are false and it ultimately results in a broker getting scammed. Banco FX broker has been reported to make false claims on its website and there have been a number of consumer complaints against this broker. How can you trust a broker who does not stick to its promises? Scam brokers guarantee unbelievable returns but at the end the trader becomes the victim of those false guarantees.
Banco FX BROKERS REGULATION AND WITHDRAWAL:
When it comes to regulation, we must be very careful and cross-check if what the company claims is true or not. Trading is a skill that differs from person to person. Whether you can earn double the money or none at all, that is in your hands. However, that is not the same case with withdrawing. If you are having trouble while withdrawing your money from the brokerage firm, chances are that you are dealing with a broker who is regulated under and offshore regulation. Brokers regulated under such offshore regulations are not preferable as it increases the chance of the broker being a scam broker. They also do not have the rules and regulations like that of the top-tier regulators like the Financial Conduct Authority or the FCA, the Australian Securities and Investment Commission or the ASIC, etc.
Banco FX broker is not regulated by a well known authority and if it claims to be regulated somewhere, there is no proof of it.
According to our Business research specialists and derived Banco FX review, it was derived that although it is possible to make money with Banco FX, it has various other problems. Various clients of Banco FX are experiencing several issues while withdrawing their money. They claim that the Banco FX broker is delaying their requests and not accepting the withdrawal requests by giving a series of fake excuses. Now, you must be thinking, what will we do if they are not giving the money back? This is where we come to help. Read on to find out more about Fund Recovery.
Signs that show Banco FX is a scam broker:
- The broker puts immense pressure on you to transfer the funds immediately.
- The offers given by the broker are too good to be true.
- The brokers might build pressure and make you put money in an investment that is high risk.
- If the broker asks for the checks to address them personally and not to the firm.
Scammed by Banco FX?
Every day, thousands of people fall into the traps laid by scam brokers. These scam brokers go to any extent to trick innocent traders into putting their money with the scam brokerage firms. If you have been a victim of the Banco FX scam broker, seek help right away. One must know that you are not the only one scammed by an Banco FX scam broker and there still is a possibility of full recovery of your money. What should you do? Nothing at all! Just file a complaint and claim a chargeback.
What is a chargeback?
Chargeback refers to the situation or method through which you can recover all of your funds from the scam broker in case you have been a victim of any of such online scams. With every online scam, people hesitate to file a complaint and blame themselves for the loss. These scam brokers conduct all of this very cleverly and therefore the victims must not blame themselves for the scam they have been in. Instead, you should fight back and claim all of your money back from these frauds. File a complaint with us and initiate your process of fund recovery now!