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BIZ -

Score

2.17 /10
Danger

BIZ

New Zealand

Scam Brokers

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://www.bizmt5.com

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.49

Risk Management Index0.00

Software Index7.98

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BIZ SOLUTIONS LIMITED

Company Abbreviation

BIZ

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-09-24
  • 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

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam platform BIZ does not allow me to withdraw money

BIZ was introduced me by Yaoteng, and then I deposited in the platform to invest forex. However, I can’t withdraw money in November.

FX3759683923
2019-01-05 21:37
Resolved

The money was withdrawn one month ago and has not arrived

The profits were withdrawn one month ago and has not arrived. I don’t know if the principal can be withdrawn. The first time I invested in forex, and is is really annoyed to encounter such a problem.

YANGHENGFENG
2018-11-16 18:29
Unable to Withdraw

The application has not been reviewed and the money has not arrived

The money withdrawn before has not arrived. At first, they asked me to wait five days and another five days. Now they said that the money in the third party platform were frozen and no deposit is allowed to withdraw. Even if the application is made, it will will not be reviewed. They ask me to wait 3-6 months.

FX3739345910
2018-11-21 19:31
Unable to Withdraw

I can’t withdraw money when the contract expired, being forced to continue trading

My BIZaccount was under custody by Yaoteng. But now the contract expired, it refuses to let me withdraw the money, saying that the third-party channel is frozen. In fact, it is because Yaoteng has no ability to pay for the money with a broken capital chain. It has claimed itself to be a regular platform. However, it could modify its client’s position in the background. When I wake up, I found positions suddenly showed in my account. Please stay away from this platform. Since I have been deceived, I don’t hope more people get cheated. The large profit orders that were under custody of Yaoteng BIZ account are only seen afterwards. Their large profit orders are opened at 4-5 pm Beijing time, but we have seen this many times every day and have not seen the position of a large profit. That is to say, this profitable position is not true, false. The Yaoteng BIZ account custody platform is their own, the background data can be modified. If this is the case, the money we deposited in the platform did not be used to make substantive transactions at all. That means that the so-called profit we watched from the background data on the scam platform doesn’t exist. A profit-free fund is a live Ponzi scheme.

YANGHENGFENG
2018-12-25 19:49
BIZ · Company summary

General Information

BIZ SOLUTIONS LIMITED is a Private limited with Share Capital company based in 82 CROSSE COURTS, BASILDON BASILDON, United Kingdom, which employs 1 people. The company started trading on the British market since 2013-12-10. Company registration number 08808916, Its main line of business activity is Management consultancy activities other than financial management and the company is listed as Non trading. BIZ SOLUTIONS LIMITED is an information technology and services company based out of 4 Wood Ln, Parbold, LANCASHIRE, United Kingdom.

Regulation

BIZ SOLUTIONS LIMITED was regulated by the Financial Service Providers Register (FSPR) with regulatory license number of 89441 and the National Futures Association (NFA) with regulatory license number of 0506746.

Business Scale

The company offers a wide range and a number of financial products, mainly divided into leveraged instruments and investment products. Leveraged products include CFD products, Futures, Commodities, and listed options, while investment products include stocks, bonds, ETFs, mutual funds, and managed portfolios.

Deposit & Withdrawal

BIZ SOLUTIONS LIMITED supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit.

Product

· Sales and marketing

· Business Credit

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