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Scam Brokers
Score
1.57 /10
Danger
Bestinvest
Scam Brokers5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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This platform is a Ponzi Scheme. Please stay away!
4
Previous Detection :
2024-12-22
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
General Information
This Bestinvest claims that it was registered in the United Kingdom, but we cannot find anything useful since its official website cannot accessible for this moment. After this broker is probably pretending another Bestinvest (whose domain name: https://www.bestinvest.co.uk/) in the U.K. The latter is a famous investment firm while this Bestinvest does not disclose what types of company it is.
Products Offered
Trading products offered by Bestinvest is not disclosed anywhere. Since Bestinvest claims itself a financial provider, presumably, it provides related services to its clients.
Contact Info
Bestinvests contact information is poor, and its customer support team can only be reached through bestinvest@bcx88.net.
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