Bs-xchange.com Review
Beware Investors bs-xchange.com – This is a suspected imposter entity. It may be impersonating or falsely claiming to be working with:
– a registered Australian business;
– Australian financial services licensee;
– Australian credit licensee; and/or
– the authorized representatives or employees of the business or licensee.
Who is bs-xchange.com:
bs-xchange.com is a website that claims to provide online trading services in various financial markets, such as forex, commodities, indices, stocks, and cryptocurrencies. The website states that it is operated by a company registered in St. Vincent and the Grenadines. However, there is no evidence that this company exists or that it has any legal authority to offer financial services.
Regulation of bs-xchange.com:
bs-xchange.com is not regulated or licensed by any reputable financial authority. The Australian Securities and Investments Commission (ASIC) has issued a warning against bs-xchange.com, stating that it is a suspected imposter entity that may be involved in a scam. ASIC advises investors not to deal with bs-xchange.com or any entities associated with it, as they are not authorised to provide financial services in Australia or any other jurisdiction.
Location of bs-xchange.com:
The location of bs-xchange.com is unclear and likely to be fraudulent. The website claims to have an address in St. Vincent and the Grenadines, but this is a common tactic used by scam brokers to avoid regulatory oversight and legal action. The website also provides a phone number with a UK country code, but this does not mean that the broker is based in the UK or has any connection to the country. In fact, bs-xchange.com is not registered with the UK Financial Conduct Authority (FCA) or any other European regulator.
Services offered by bs-xchange.com:
bs-xchange.com claims to offer online trading services on various platforms, such as MetaTrader 4, WebTrader, and Mobile Trader. The website also claims to offer competitive spreads, fast execution, high leverage, low commissions, and various account types. However, these claims are likely to be false and misleading, as bs-xchange.com is not regulated or licensed by any reputable financial authority. Investors who deal with bs-xchange.com may face significant risks of losing their money, receiving poor service, experiencing technical issues, facing hidden fees and charges, and being exposed to fraudulent practices.
Reviews of bs-xchange.com:
There are very few reviews of bs-xchange.com available online, and most of them are negative and alarming. Many users have reported that bs-xchange.com is a scam broker that does not allow them to withdraw their funds, manipulates their trades, harasses them with phone calls and emails, and ignores their complaints and requests. Some users have also reported that bs-xchange.com has stolen their personal and financial information and used it for identity theft and fraud.
Customer Service of bs-xchange.com:
bs-xchange.com claims to have a professional and responsive customer service team that can be contacted via phone, email, or live chat. However, these claims are likely to be false and misleading, as many users have reported that bs-xchange.com has poor and unprofessional customer service that does not answer their queries, resolve their issues, or respect their rights. Some users have also reported that bs-xchange.com has blocked their access to their accounts, deleted their messages and reviews, and threatened them with legal action if they expose their scam.
Securing Your Investments Against Unscrupulous Brokers:
If you are looking for a reliable and trustworthy online broker, you should avoid dealing with bs-xchange.com or any other suspected imposter entity. Instead, you should look for a broker that is regulated and licensed by a reputable financial authority, such as ASIC in Australia, FCA in the UK, CySEC in Cyprus, or NFA in the US. You should also check the reputation and reviews of the broker online, verify their contact details and address, read their terms and conditions carefully, and test their platforms and services with a demo account before investing your money.
Conclusion:
bs-xchange.com is a suspected imposter entity that claims to offer online trading services but is likely to be involved in a scam. ASIC warns investors to avoid dealing with this unregulated and unlicensed broker, as they may face significant risks of losing their money and being exposed to fraudulent practices. Investors who have already dealt with bs-xchange.com should report their experience to ASIC and seek professional advice on how to recover their funds.
