“Aim higher and trade better.” This is the slogan with which BigFxInvest introduces itself to traders. Well, then we set our goal to expose this scam in our review. Without further ado, let’s get right to it.
- BigFxInvest General Information
- Registration and Client Portal Review
- BigFxInvest Trading Conditions
- Account Types Review
- Trading Platform
- BigFxInvest — Deposit and Withdrawal of Funds
- Additional Options
- Is BigFxInvest a Scam?
- Legal Information and License
- Bigfxinvest.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
BigFxInvest General Information
|Address||11 Westferry Circus, London E14 4HD, United Kingdom|
Registration and Client Portal Review
BigFxInvest’s official website looks rather peculiar for a broker that claims to be so successful. Perhaps they could have set their goals higher and created something more unconventional? We’re already getting tired of these uninteresting stock images. Nevertheless, when it comes to trading and services, the website is quite informative. The same cannot be said about the company itself; there’s very little information available. However, the website’s content is translated into multiple languages, even if not very professionally.
The registration form, on the other hand, looks rather minimalistic. It creates the impression that you need to input only your name, contact details, and then confidently press the “Complete Registration” button. However, on your way to gaining access to the client portal, you’re suddenly asked for a referral code. Seriously, BigFxInvest insists that you enter it into the corresponding field, but oddly enough, they don’t explain where to obtain this set of characters. This is quite absurd.
Reputable brokers would usually explain the purpose of a referral code or provide it through authorized partners, affiliate programs, or marketing campaigns. The absence of such information raises questions about the broker’s transparency.
BigFxInvest Trading Conditions
The trading conditions of this broker are up next. Let’s see how BigFxInvest offers us better trading.
Account Types Review
BigFxInvest boasts a lineup of seven account types, with names as typical as a Monday morning coffee. Get ready for the Bronze, Silver, Gold, Platinum, Diamond, Premium, and VIP accounts. Now, hold onto your hat, because these accounts come with minimum deposit requirements that will make your wallet do a double-take. The Bronze account, for instance, demands a staggering 10,000 euros, and it only goes uphill from there: 25,000, 50,000, 100,000, 250,000, 500,000, all the way to the monumental 1 million euros. It’s almost like they’re testing your commitment, or maybe your bank account’s resilience!
The nitty-gritty details like leverage and spreads? Well, they’re conspicuously absent. Instead, the account descriptions spend more time promoting what they cryptically call “special features.” You know, the extra stuff, the cherry on top. Kind of like buying a fancy sports car and only being told about the cup holders and the quality of the trunk carpet. We’re left scratching our heads, too.
The BigFxInvest platform, to put it bluntly, is like watching a rerun of your least favorite TV show. It’s a run-of-the-mill web trader with all the interesting features removed, leaving you with the bare minimum to get by. It’s like ordering a pizza with no toppings, no cheese, and no sauce – essentially just a dry piece of bread.
The real mystery is why BigFxInvest keeps its platform under lock and key, only accessible with that elusive referral code. It’s like hiding a lackluster product behind a velvet rope, hoping no one will notice that it’s not exactly worth the fuss. This secrecy, or shall we say “mystery,” or trading platform will likely send most traders running in the opposite direction.
BigFxInvest — Deposit and Withdrawal of Funds
BigFxInvest offers three methods for depositing funds into your account. You can use a credit card with a Mastercard or Visa logo or a debit card with the same logo. Internet payment methods such as Skrill, Neteller, and others may also be available depending on your location. Additionally, you can opt for a bank wire transfer to fund your online trading account.
Withdrawals are available through the same payment methods, and it’s worth noting that one free withdrawal per month is allowed. For subsequent withdrawals within the same month, the company may charge a commission, but the specific amount remains undisclosed.
Verification is indeed required on the BigFxInvest platform, but given the initial hurdles you face while trying to register, it’s questionable how you would even get to this step. Assuming you manage to surmount those issues and want to verify your account, the process typically involves providing a government-issued ID, proof of address, and potentially some financial information like bank statements or credit card details. It’s a standard KYC (Know Your Customer) process that most financial institutions and brokers have in place. However, given the initial registration confusion, this feels like an unnecessarily complicated extra step.
The need for a referral code, it seems, could be BigFxInvest’s quirky way of hinting at a partnership or affiliate program. Unfortunately, it’s like they’re playing hide-and-seek with this information on their website, leaving us with questions.
As for BigFxInvest’s additional services, well, they’re not much to write home about. They’ve thrown in some vague promises within their trading conditions, but the specifics are as clear as mud. It’s almost as if they want to keep you guessing about the caliber of analysts you’ll be working with, leaving you to wonder whether they’re financial experts or just folks who enjoy a good Sudoku puzzle.
Exactly! How can you trust that they’ll provide you with top-notch technical analysis or signals when they won’t even reveal a single employee’s name, let alone their track record? It’s like going to a restaurant without a menu – you have no idea what you’re getting into! And in the financial world, that’s a recipe for disaster.
Is BigFxInvest a Scam?
Here we are, approaching the final stage of our investigation, ready to unveil the truth. Just a little further, and we’re about to drop the bombshell.
Legal Information and License
The broker’s jurisdiction has become a real mystery for us. It’s not mentioned in their official documents, and the website is available in multiple languages. So, we resorted to contact details, which led us to their London office. This is where the detective work began. However, we couldn’t find any registered company named BigFxInvest in the UK registry. Consequently, our protagonist operates without a license, as a legal entity without a legal registration cannot obtain a license. This means that it’s an entirely illegal broker, or maybe more like an anonymous website than a legitimate company.
Bigfxinvest.com Domain Info
The company’s reluctance to provide information about itself isn’t without reason. In fact, it seems they have very little to reveal. Even the initial reviews and reports on this project emerged quite recently. However, our investigation uncovered a major red flag. We checked domain registration and found that, in addition to its questionable legality, this project is also relatively new. The website was created in July of 2023. So, there’s truly nothing substantial to gain here.
BigFxInvest provides two phone numbers and an office address for contact. However, it’s highly doubtful that you’d find any of their managers at this address. Surprisingly, our research showed that, according to maps, there’s no trace of any BigFxInvest at that location. So, please verify for yourself.
BigFxInvest seems to be part of a network of suspicious sites, and it’s not alone. One of its suspicious siblings is FortifiedTrade. This network shares certain similarities, such as the elusive nature of their ownership, vague registration details, and cloned websites.
Pros and Cons
- Multilingual website.
- Lack of regulatory information.
- Mysterious ownership.
- BigFxInvest appears to be part of a network of potentially fraudulent sites, diminishing its credibility.
- Unclear trading conditions.
- Requiring a referral code without providing guidance on how to obtain it is absurd and off-putting for traders.
Frequently Asked Questions (FAQ)
BigFxInvest claims to offer a range of trading services, but our investigation raises concerns about the validity of these claims.
The minimum deposit requirement for BigFxInvest appears to be a source of confusion. While they suggest a minimum deposit of $250 in some places, their account types list requirements as high as 10,000 euros.
Based on the information gathered during our investigation, BigFxInvest does not appear to be a safe or trustworthy broker. Their lack of proper registration, undisclosed ownership, and the requirement of a referral code raise significant safety concerns.