Bitex Trading LTD (aka BitexTrading.biz) is a relatively new brand. Only been around less than a week as of posting this review. And during this small length of time, these scammers been marked on our radar, losing people’s investments with their schemes. The following review serves as as critical warning for all day-traders. Bitex Trading LTD is a harmful Scam you don’t want to mess with.
ICOs like BitexTrading.Biz are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating their suspicious website, we found several scamming factors indicating unsafe practices throughout this system.
In addition to the typical promises of large profit gains, its come to our attention Bitex Trading LTD also has features of a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.
That’s why we’re here. To warn day-traders about its hidden dangers. Before joining Bitex Trading LTD please read our review first. Learn the truth these scammers don’t want you knowing about their Bitex Trading LTD Scam. New evidence confirms a money-losing fraud.
Bitex Trading LTD Review – How is BitexTrading.Biz a Scam?
Lets elaborate exactly what we’re dealing with. Bitex Trading LTD is an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with their program. In return, they ‘mine’ cryptocurrencies like Bitcoin, Ethereum, and various others for you….or so they say.
Sounds very simple and straightforward, right? Unfortunately Bitex Trading LTD isn’t that easy….nor are they honest.
The advertised profits exploited by Bitex Trading LTD are pretty outrageous, similarly found in other ICO scams. Offering 114% per day. Or 9.17% every hour. However this is far beyond what most legitimate sites could ever offer. Not to mention these claims of consistent daily/hourly profits are highly unrealistic due to constant market changes.
Allow me to clarify such ‘guaranteed’ returns presented by Bitex Trading LTD (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can earn a sizable income so easily.
But what concerns us the most are the troubling feedback we’ve already received from people stating how Bitex Trading LTD is losing their money, or refusing to pay owed payments altogether. Either scenario is highly unethical, and clearly of fraud nature.
Speculations are one thing, but its vital we dig deeper into this Bitex Trading Scam. Let’s review the specifics of their illegitimate methods for manipulating beginners.
Has Bitex Trading LTD Scammed you?
As I just briefly mentioned, there have been a growing number of complaints filed against Bitex Trading LTD. For a crypto-based company who just launched their own services barely a week ago, this doesn’t look good in the eyes of any future investors.
Many angry traders have reported various complaints, ranging between complete loss of funds, failure to deliver advertised results, and even denial of payments owed to their clients. While we understand there are those who’ve successfully withdrawn funds from their accounts, there are many others filing disputes due to Bitex Trading NOT paying money owed.
Therefore we invite you to share with us your own personal experiences with BitexTrading.biz by commenting below. As far as we can see, future investors should think twice about joining. But lets review further evidence.
Bitex Trading LTD Illegal?
Because BitexTrading.Biz represents a cryptocurrency investment firm (Bitex Trading LTD), requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under these conditions of proper Licenses and Regulations.
These regulations are imperative, some mandated to comply with policies such as Know Your Customer (KYC) and Anti Money Laundering (AML). Of course any Scam like Bitex Trading LTD naturally refuses to abide these guidelines
While trying to validate their operations, our team simply couldn’t verify any certificates confirming licenses in which they must lawfully hold.
Bitex Trading LTD Scammers?
I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this Bitex Trading mining system. BitexTrading.Biz promises traders easy-profit solutions, but who are they?
If you step back for a moment, you’ll realize the entirety of this program contains no useful information. No Direct contact information except email. Nothing of which discloses any developers, founders or CEOs. They say Bitex Trading LTD consists of 20 year veteran crypto experts. But that’s a vague statement.
Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to remain anonymous as these criminals profit from your losses. Not once throughout Bitex Trading LTD are visitors provided any valid information. Don’t you consider that strange??
Remember transparency is important when you’re about to “invest” your money. Traders should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding Bitex Trading LTD simply beckons more suspicions rather than approval.
Fake Bitex Trading LTD Results
As we briefly mentioned before, Bitex Trading LTD makes some bold statements in regards to fast astronomical profits & returns. Just imagine yourself earning 9.17% every hour on your initial investment? Or 114% everyday!
Think about this for a moment. 9.17% of $1000 investment is nearly $100, every hour. Now calculate $100 every hour for 24 Hours equals $2400. And Bitex Trading LTD guarantees this every time! Its impressive, but highly unlikely.
Don’t forget the value of bitcoin, ethereum & other Altcoins are constantly moving up and down due to constant market movements. These scammers ‘guarantee’ consistent returns of high amounts. However these promises are unrealistic because of never-ending market fluctuations.
The value of Cryptos can rise one day, drop dramatically the next. Therefore the promises of steady hourly/daily returns from Bitex Trading LTD are highly unlikely. And unethical.
To this day we’re trying to find any happy members pleased with Bitex Trading LTD and their services. So far the number of people who joined Bitex Trading LTD are NOT satisfied.
Bitex Trading LTD Ponzi Scheme!
There’s far more beyond phony claims and unlawful companies happening throughout the Bitex Trading LTD Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then they get shut down, but run away with your funds.
Bitex Trading LTD also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from other people’s deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the hated Pyramid / Ponzi Scheme.
Ultimately, Bitex Trading LTD does NOT mine any bitcoins or other cryptocurrencies. No proof of mining capabilities are disclosed. Instead these scam-artists behind BitexTrading.Biz make money & profit from your deposits & promoted services in the form of affiliations to gather more victims.
Still Trust Bitex Trading LTD?
The main reason we’re debunking this rotten ICO scam is because of trader feedback. Because Bitex Trading LTD isn’t regulated, they’re getting away with shady practices, including NOT paying some members.
Regardless of the fact this ‘Crypto’ related ICO is relatively new, this unlicensed hoax has reportedly been refusing to pay various members their obliged withdrawals. Many cases of these withdrawal payments being denied, pending statuses or ignoring requests entirely are becoming known more & more.
Within a short period of time, many traders have been victimized, informing us how this program doesn’t not provide quality services. The crooks behind Bitex Trading Scam are literally stealing your money and filling their own pockets.
This reason alone is more than enough cause which motivated us to warn others about this damaging crypto software. Hopefully today’s Bitex Trading LTD Review will help prevent further losses from innocent investors.
Bitex Trading LTD Review – Conclusion & Helpful Tips
Finalized Review Verdict: We were surprised to hear several members already having payment issues with BitexTrading.biz. In addition to other fraud methods, its best to avoid Bitex Trading LTD.
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Finding a safe trading app can be exhausting for rookie. investors, especially if you don’t know where to look. At Prestige Binary Options, we have you covered! Stay informed with our daily updated scam list. And don’t forget about our section of best trading apps containing various choices of autotraders & educational resources.
We thank our readers for taking time in reading our indisputable & honest Bitex Trading LTD Review. Hope it helps others from falling for this shady scam. Please comment below by sharing any feedback, input and dealings you might have with this faulty BitexTrading.biz App.
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