Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 10
Exposure
Score
Regulatory Index0.00
Business Index6.90
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
BAYBANNFA LIMITED
Company Abbreviation
BAYBANNFA
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
They led you to deposit and download the app. Please expose it.
On May 23, I was notified that the system upgrade and cannot be traded. Then on the 26th, it said that I could not withdraw the money. I don't know what to do.
A friend invited me to do investment on this platform and I deposited 100,000. They were scammers and blocked me. Stay away from it.
After becoming a member, it exaggerated like the best. When it comes to withdrawal, it is hard and delayed many times.
It's difficult to get your capital back. Go and get your capital asap
A short time before, BayBang invited many people at Sichuang and Zhejiang. However, on May 24, the company announced that the system was upgraded, and then the next day, it announced that the partner DB company had been investigated for violations; and then notified the chairman of Beibang International. He was arrested and is in a lawsuit. Now the trading website and withdrawal channel have been closed directly, the person in charge has disappeared, and the legal person of the Chinese branch was first arrested and then released on bail. However, Beibang International evaded the law, resulting in the victim's various conditions for filing a case not being met, and so far it has not been possible to file a case. Can only watch the scam group run away.
Scam! It is simply a fraud! Now it has become a Ponzi Scheme, which induced clients to deposit fund with high returns. The layer is up to 20 layers!
Its official website cannot be opened. BAYBANNFA runs Ponzi scheme and looks for more new investors. Investors, be aware!
This fraud is simply a Ponzi Scheme, whose boss is from another scheme.
No withdrawals from May 23, 2022! One after another, the company notified the DB brokers that it cooperated with tax evasion and tax evasion. If the funds were frozen, the funds could not be withdrawn! On May 26, the company closed the login website App, and now collects some information on June 6! 1. The company announced that the boss "Brian" was under arrest by the US federal government, and there is no news so far! 2. At present, the company's president "Shi Weilun" has disappeared under the pseudonym "Mark"! Suspect running away! 3. The company's Chinese legal person "Li Zhe" called the police in Haikou, Hainan in the name of the company! 4. At present, due to the inability to withdraw funds in China, most of the victims have gradually started to report to the police! China TV's "Fortune World" column and BB Beibang International signed a contract with "ZTE Foundation" to cooperate~~the two of them gave BAYBANNFA{Platform} is the main accomplice to deceive the majority of the Chinese people!
Note: BAYBANNFA's official website: https://www.baybankus.com/index_en.html is currently inaccessible normally.
Established in 2021, BAYBANNFA is an unregulated brokerage company registered in Belize. The company offers the MetaTrader 5(MT5) platform for trading.
BAYBANNFA is currently unregulated. This means there is no official regulator to protect your money or ensure fair trading practices. Before considering trading with BAYBANNFA, it suggests to konw more this broker and ask for professional advice, which is important for protecting your funds. This will help you understand the risks involved and ensure your financial security.
BAYBANNFA's official website is currently inaccessible, which makes traders worry about the safety of funds.
There is a notable lack of information about BAYBANNFA available online. It is difficult for traders to do wise decisions because of the lack of transparency.
BAYBANNFA is not regulated. It may be fraud, such as misappropriation of client funds, resulting in the loss of trader's funds. What's more, the lack of transparency may lead to inability to get money back eventually.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are ten pieces of AVA Trade exposure in total. I will introduce 2 of them.
Exposure1. Scam
| Classification | Scam |
| Date | 2022-06-06 |
| Post Country | Hong Kong, China |
The user said that the broker is a scam group. You may visit: https://www.wikifx.com/en/comments/detail/202206067332851559.html
Exposure 2. Cannot withdraw
| Classification | Unable to Withdraw |
| Date | 2022-06-06 |
| Post Country | Hong Kong, China |
The user said that the funds could not be withdrawn.You may visit: https://www.wikifx.com/en/comments/detail/202206064812923308.html
BAYBANNFA's website is currently inaccessible, and there's a noticeable lack of information available online. What's more, BAYBANNFA is unregulated, meaning there's no official regulatory supervise its operations or protecting traders' funds. So BAYBANNFA may not be a trustworthy platform for trading. It's important to seek for professional advice before trading with this broker.
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