BlocksBroker Review: Is BlocksBroker Scam or Legit
BlocksBroker is an online trading platform that claims to provide access to over 16,000 tradable assets: cryptocurrencies, currencies, stocks, and commodities. With promises of an interest rate of 7.2% on account balances and an array of educational tools and customer support available 24/7, BlocksBroker makes quite a compelling case. It is under the aegis of MCG Marketing Ltd, a British investment firm registered under license number 12825536, which claims to have been authorized by the UK government.
Domain Newly Registered
A crucial point of concern is the date of registration of the platform’s domain. From available data, the domain was registered on October 15, 2024, which makes it relatively new to say the least. A website with a new domain registration raises red flags for many, as it may not have a proven standing or enough user feedback to earn its credibility.
Potential Signs of Trouble and User Complaints
Some other troubling signs regarding BlocksBroker are:
Low Trust Score:
BlocksBroker thus sees an extremely low trust score when inspected on Scamadviser, providing more factors that label it as a potential scam. Those include anonymity of the website owner, low web traffic, and ties to high-risk financial services.
Anonymous Ownership:
Ownership details of the website remain hidden under the cover of a paid WHOIS service. Some legitimate companies do seek privacy; however, criminals often use this technique to escape accountability.
High-Risk Services:
The website offers services connected to cryptocurrency, and this is precisely the area where scams are rampant. These services become so contentious and blurred by fraudulent activities that even trained professionals may find it difficult to discern legitimate ones from illegitimate ones, thereby awarding greater potential to scams.
User Reviews:
While a number of user reviews commend the platform for its professionalism and security, the veracity of these reviews remains in question. Such reviews should be approached with skepticism, particularly when concrete details cannot be verified.
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