After several years of disappearance, this old brokerage fraud decided to come back to life and steal more cash from Forex investors. Today, the website claims to offer security, speed, optimized tools, and most competitive pricing to elevate your trading journey. None of that stands, however, considering that the firm is still as illicit as ever.
Read this BnbTrades review to learn more about what had previously caused this domain to go inactive and then revive again.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | No, this company is a known fraud that has already stolen money from many! |
| Known Websites: | bnbtrades.com |
| Have Warnings from: | BCSC |
| Registered in: | UK (alleged) |
| Operating since: | 2015 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $12.500 |
| Deposit Bonus: | Hinted, undisclosed |
| Trading Assets: | Forex, Crypto, Indices, Commodities, Precious Metals |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since payouts are not guaranteed, you should contact our chargeback experts for help with fund recovery. |
BCSC Caused the Previous Shutdown
The BnbTrades Forex scam has an interesting history. As soon as the website was established in 2015, it was blacklisted by BCSC which is why the fraudsters went off the grid.
However, several years later, the website went live again, this time claiming to operate out of the UK and under full regulatory supervision. The address published on the site is most probably fake, as the firm is not found in the FCA register of licensed broker dealers. Moreover, the firm is not regulated by any other diligent regulator, like BaFin, CySEC, NFA, CNMV and FINMA.
Read our AEFOREX review to understand why transparency and proper licensing mean for fund safety, compensation options and risk reduction.
Passive Income as the Main Bait
By promoting high returns and stable income, the broker’s ponzi scheme grew bigger by the day. Their scam operators usually posted on social networks, such as LinkedIn, and advertised great conditions for earning via an affiliate bonus.
The BnbTrades broker has been attracting victims this way since the domain was again initiated in 2021. Fraudsters usually focus on the more developed nations to find new victims. By that we mean countries like:
This is an illustrative example of how promises of guaranteed income are nothing but a lie that turns Forex traders into financial hostages. Refrain from investing cash into such schemes and contact our legal advisors for help with money recovery.
Artificial Reviews Increase Popularity
So far, BnbTrades reviews can only be found on Trustpilot. Current total of 28 reviews makes for an average rating of 4.5 stars. This is unrealistic and doesn’t resemble the actual quality of service.
However, it is characteristic for the fraudsters to try and come off as legit, credible and trustworthy. They achieve that with the help of review selling networks. If the clients’ opinions were honest, the average rating would be no better than that of another fraud – X-F24.
Unimpressive Trading Fees
Clients that wish to start off with the cheapest package are faced with pretty high trading costs which include starting spreads of 2.8 pips. More expensive accounts unlock lower spreads of just 0.1 pips, but these will cost you an arm and a leg. Leverage, on the other hand, gets higher with the account price and the higher ratio is 1:400.
The BnbTrades scam overcharges the inactivity on idle accounts by automatically deducting $100 monthly. Other charges aren’t revealed, but this is a blacklisted firm and you can expect countless minor fees and commissions.
Poor Performance Expected
We can confidently say that opting for a BnbTrades login brings zero benefits or advantages. This online trading portal can’t even compare to industry leading brokerage platforms. Keep reading this review to find out why.
Generic Web Software
Quick registration procedure opened the way to the BnbTrades app which is nothing but a rudimentary, bogus online trading terminal. Frequently used by blacklisted companies, these unreliable portals present counterfeit data and are completely untrue to the market conditions.
You can’t possibly trust such rigged software to show true profit or price fluctuations when you know it’s being controlled by the con artists.
Tradable Assets Assortment
Only a couple of groups of standard and most popular trading instruments are supported by this firm:
- Cryptocurrencies – BCH, BTC, TRX
- Precious metals – Gold, Silver, Platinum
- Forex – EUR/USD, USD/CAD, USD/NZD
- Shares – BMW, Johnson & Johnson, Alcoa
- Indices – Dax, Dow Jones, Nikkei
- Commodities – Coffee, Sugar, Wheat
Prices Make no Sense
Every single BnbTrades account is absolutely overpriced without a single reason. Considering the whole offer is provided by a company labeled as a scam by a regulator, there’s no way any of the alleged features are there. Nonetheless, the pretentious cybercriminals behind the company dare to demand these deposit amounts:
- Bronze – $12.500
- Silver – $25.000
- Gold – $75.000
- VIP Platinium – $150.000
Anonymous Transfers
The only accepted monetary channel is crypto. Users can submit their BnbTrades withdrawal request through the user dashboard, but can only select between several crypto coins (Bitcoin, Ethereum, Tron).
Despite that, legal papers claim that there’s also credit cards available and these transfers require a minimum amount of $50 to be completed. Because of such opposing information, it is clear that this brokerage cannot be trusted!
Quick Replies Promised
This company claims that they have assembled a professional customer support team which is available 24/7 for all client inquiries. At that, the crew is supposedly so competent and fast that they can quickly reply to any question. Unfortunately, this turned out to be a blatant lie, considering that our appeals never got an answer.
Get Your Investments Back!
Dealing with financial fraud is never easy, especially how ruthless con artists can be in their deception. If you’ve found yourself in a seemingly unsolvable situation, please don’t hesitate to contact us at any time.
Our professional chargeback team is always at your disposal to advise you and help you with cash recovery. Book your free consultation with our experts and find out how you too can get your stolen capital back from scammers.
FAQ Section
What is BnBTrades?
This firm is run by anonymous Forex trading charlatans and schemers that promote quick gains.
Is BnBTrades Legit?
No, the conduct was even blacklisted when it was first initiated in 2015.
Who Owns BnBTrades Broker?
It remains unknown who is the real owner of this fraudulent entity. If you too are having issues with withdrawal requests, please contact us for help promptly.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fforex-scams%2Fbnbtrades-review%2F
