Is Bluecex legit? The answer is no! The exchange is a deceitful crypto website on a scam spree, just like Elviva Invest. It’s not a legitimate firm abiding by the law or a reliable platform.
Our Bluecex review exposes their slithering tactics—from bogus crypto-focused company shills to fake promises of free Bitcoin. Read our analysis to avoid falling for their lies and schemes.
| Regulated by: | Unregulated Crypto Exchange |
| Is This Company Safe? | No, the platform is fraudulent |
| Known Websites: | bluecex.com |
| Have Warnings from: | N/A |
| Registered in: | Australia (allegedly) |
| Operating since: | 2023-09-20 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | Unavailable |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank or financial regulator or us for professional assistance in recovering your funds. |
Legal Info: Is Bluecex Regulated?
The Bluecex exchange is not an Australian or Maltese entity, as the website claims. These fraudsters are likely operating from some dubious offshore location like Excent Capital, making it clear they don’t follow any regulations whatsoever.
While some offshore exchanges try to skirt the rules, most trusted players still pursue proper licensing to prove they’re on the right page. But Bluecex? There is zero evidence they’ve gone through any of those crucial vetting processes. Although we haven’t found a regulatory warning against them, we discovered a Bluecex complaint stating that the victim had lost $20,000.
Instead of trusting unlicensed phonies, we recommend you trust firms that are regulated by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.
Trader Reviews – Sharing Experiences
We found numerous Bluecex reviews on scamadviser.com indicating fraud. Users claim they have been swindled out of their hard-earned funds. Some outline Bluecex login issues, while others say they couldn’t make a withdrawal.
“I got into this mess of an investment platform when a lady I met on a dating platform (Jane) convinced me to invest. At first, everything was going well until I requested for withdrawal. Long story short, I was compelled to make more and more deposits for one bogus tax or another,”
– one user wrote.
All the elements of a romance scam are there. Before investing money online, check what regulators and users say about a particular platform or website to ensure you deal with a transparent entity.
Who Are Bluecex’s Targets?
According to WHOIS, the bluecex.com website domain was created on September 20, 2023. Since then, the shady exchange has mainly been providing illicit services to investors who reside in the following countries:
- United States
- United Kingdom
- Canada
- South Africa
- Indonesia
These states are known for their strict financial regulations and vigilant watchdogs who monitor the markets closely. The U.S., in particular, is known for being extremely demanding. They also carefully examine participants to stop fraudsters from scamming people.
There’s no room for digital con artists like Bluecex. Swipe their website through a scam-detector.com check, and you’ll see it has received an embarrassingly low trust index of 21%.
How the Crypto Platform Works
There is no Bluecex app for mobile devices or desktops. The exchange operates solely through a web-based platform comprising rudimental tools and an unpolished interface. It lacks advanced features that make crypto trading efficient.
Furthermore, the exchange’s fraudulent status and shady background cast doubt on the online terminal and its reliability. For all we know, it may be rigged and manipulated.
For that reason, we don’t recommend you use it. Instead, find providers that support reputable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. These sophisticated platforms offer cutting-edge tools, such as automated trading, live market reports, lightning-fast execution, superb charting, etc.
Fee Structure
When we opened the “Fees” page on Bluecex’s website, we were treated to a blank table. There was no information about the exchange’s trading commissions (maker/taker fees) or the amounts it charges for deposits and withdrawals.
All the site says is that the “first trades,” whatever that implies, are free of charge. How many trades? When do the commissions kick in? These are logical questions one may have, but the only real answer is that the platform is despicable.
Customer Support
The website doesn’t even offer a page for customer support. Instead, users have an unprofessional FAQ section. Bluecex is not present on social media platforms and doesn’t offer a phone number or email.
There is a disturbing lack of transparency and carelessness. You have no way of contacting them to report an issue or ask a question. Please avoid sending them any money if you value your assets.
Funding Options and Refund Methods
The website hasn’t disclosed which payment methods the exchange accepts, i.e., how to make a deposit or a Bluecex withdrawal. At this point, it’s unsurprising. We’re here to explain how you can retrieve the funds you have sent these virtual tricksters. Three common payment methods are credit/debit cards, wire transfers, and crypto transactions.
A MasterCard or VISA card transaction can be reversed through a chargeback, which you can request from your issuing bank within 120 days of the transaction. Wire transfers can be recalled if the transaction is still incomplete.
Scammers often prefer crypto transactions for anonymity, making it easier for them to avoid detection and continue their fraudulent activities. Reversing crypto transactions is difficult and typically requires specialized tracing software like CipherTrace. Fortunately, our team is skilled at helping victims recover their funds.
Key Information To Consider About Bluecex
Bluecex is a hoax; it’s a fake exchange designed to rob users of their money or digital assets. This scheme’s main targets are investors from the US, UK, South Africa, Canada, and Indonesia. We do not recommend the exchange because it is not operated by legitimate individuals but by criminals after your money.
We offer professional services and assistance if you have fallen victim to the Bluecex crypto scheme and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.
Book a free consultation with us and start the chargeback process.
FAQ Section
What is Bluecex?
It’s an anonymous website offering fake crypto trading services. The scheme aims to seize your assets.
Is Bluecex Legit?
Absolutely not. The bogus site has already defrauded several investors, so you must avoid using it.
What is Bluecex Used For?
Allegedly, it’s a cryptocurrency exchange. In reality, it’s a fraudulent website collecting money for the scammers.
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