Bitonext Review
Beware Investors Bitonext – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Who is Bitonext:
Bitonext is a self-proclaimed cryptocurrency trading and investment platform that claims to offer high returns and low fees. Bitonext claims to have a team of experts with years of experience in the crypto industry. However, Bitonext does not provide any information about its owners, founders, or legal status. Bitonext also does not disclose its physical address or contact details.
Regulation:
Bitonext is not regulated by any reputable authority. The British Columbia Securities Commission (BCSC) and the Autorité des marchés financiers (AMF) have both issued warnings against Bitonext for operating without a license and soliciting investors in their jurisdictions. The BCSC and the AMF advise investors to exercise caution when dealing with Bitonext and to avoid sending money or personal information to unregistered entities.
Location:
Bitonext does not reveal its location or country of origin. Bitonext’s website domain was registered in September 2020 and is set to expire in September 2021. The website does not have a secure connection (HTTPS) and uses a generic template. Bitonext’s website also contains several grammatical and spelling errors, which indicate a lack of professionalism and credibility.
Services:
Bitonext claims to offer various services related to cryptocurrency trading and investment, such as:
– Crypto trading: Bitonext claims to provide access to over 100 cryptocurrencies and multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and WebTrader. Bitonext also claims to offer low spreads, fast execution, and leverage up to 1:1000.
– Crypto investment: Bitonext claims to offer investment plans with guaranteed returns ranging from 10% to 45% per month. Bitonext also claims to offer referral bonuses, loyalty rewards, and VIP programs.
– Crypto mining: Bitonext claims to offer cloud mining services with high profitability and low maintenance fees. Bitonext also claims to have its own mining farms and equipment.
However, Bitonext does not provide any evidence or proof of its claims. Bitonext does not disclose its trading conditions, fees, or risks. Bitonext also does not provide any demo accounts, educational resources, or market analysis.
Reviews:
Bitonext does not have any positive or credible reviews from its customers or third-party sources. Bitonext’s website does not have a testimonial section or a social media presence. Bitonext’s website also does not have any trust badges or ratings from reputable platforms, such as Trustpilot or Scamadviser. On the contrary, Bitonext has received several negative reviews and complaints from its customers who claim that Bitonext is a scam that does not pay out withdrawals or respond to queries.
Customer Service:
Bitonext does not have a reliable or responsive customer service. Bitonext’s website only provides an email address as a contact method. Bitonext does not have a phone number, live chat, or support ticket system. Bitonext’s customers report that they have been ignored, blocked, or threatened by Bitonext’s representatives when they tried to contact them.
Securing Your Investments Against Unscrupulous Brokers:
Bitonext is an example of an unscrupulous broker that tries to lure investors with false promises and unrealistic returns. To avoid falling victim to such scams, investors should always do their due diligence before investing in any entity. Some of the steps that investors can take to secure their investments are:
– Check the regulatory status of the entity and verify its license number with the relevant authority.
– Check the reputation of the entity and read reviews from other customers and independent sources.
– Check the terms and conditions of the entity and understand the fees, risks, and withdrawal policies.
– Check the security of the entity and ensure that it has a secure website connection, encryption, and protection.
– Check the customer service of the entity and test its responsiveness, professionalism, and helpfulness.
Conclusion:
Bitonext is an unregistered entity that claims to offer cryptocurrency trading and investment services. However, Bitonext is not regulated by any reputable authority and has been warned by the BCSC and the AMF for soliciting investors without proper authorization. Bitonext does not provide any information about its background, location, or services. Bitonext also does not have any positive or credible reviews from its customers or third-party sources. Bitonext’s customer service is unreliable and unresponsive. Bitonext is likely a scam that should be avoided by investors. Investors should always do their research and follow the steps mentioned above to secure their investments against unscrupulous brokers.
