Is Bibox-coin a scam or legit broker? Read Bibox-coin Review

About Bibox-coin

 Website – bibox-coin.com

 Address – NA

 Warned By – Federal Financial Supervisory Authority (Germany) 

Domain Age Information of Bibox-coin

The main reson why Bibox-coin is a possible scam broker is that the broker has got many Complaints and negative Bibox-coin reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Despite Bibox-coin attempts to look legit and trustworthy, we can’t disregard the alerts that Bibox-coin giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.

Possible scam activities of Bibox-coin

Based on the information provided, it is important to note that Bibox-coin does not have the necessary authorization to conduct banking business or provide financial services in Germany. Furthermore, it appears that the company is not being supervised by BaFin. This raises concerns about the legitimacy and safety of any financial transactions or investments made through Bibox-coin.

Individuals must exercise caution when engaging with any financial entities that are not authorized or regulated by the appropriate authorities. Additionally, it is important to thoroughly research and understand the risks involved in any investment before making a decision.

Individuals should be wary of Bibox-coin and similar entities that claim to offer financial services without proper authorization and supervision. It is recommended to seek advice from a qualified financial professional before making any investments.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Bibox-coin review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative Bibox-coin Reviews and Complaints

Bibox-coin has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative Bibox-coin Review

After Searching internet you will find many negative Bibox-coin Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Bibox-coin reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.