BitAurox Review: Signs That BitAurox.Com Is a Fraud
BitAurox is allegedly UK- based broker that offers its customers the opportunity to invest in forex and CFD.
The main language on their website is German and it is obvious they target people from that speaking area.
Upon entering the first thing you can see is that they allegedly strive to provide an empowering experience for people who invest and trade. Additionally, they claim their products and services are reliable and always have the well-being of customers in mind.
However, after just a quick check it becomes clear they are nothing more than a scam broker.
Continue reading our BitAurox broker review to learn how to stay away from this scam and keep your funds safe.
|Headquarters||10 Paternoster Square London EC4M 7LS; UK|
|Broker Type||Forex & CFDs|
License and Safety of Funds at BitAurox
The BitAurox scam broker is yet another one that states they are registered in the UK.
The regulatory body for providing financial services of this kind is FCA, and as expected there is no mention of any license or regulation that has been issued to BitAurox.
So, in conclusion, it is safe to say that if you decide to invest with this scam broker it is essentially like throwing your money down the drain. They offer no safety to your funds and even if they decide to mention something of that kind on their website it will likely just be copied from some other broker’s site and therefore not represent either them or their services.
BitAurox Trade Trading Platform
Upon entering their website, we were kind of confused that they have little to no mention of the trading platform they use.
All you can find are some general information about trading and mention that they will bring you a powerful web-based trading experience. This platform is allegedly designed to be easy to use, with a user-friendly interface, that will give you a clear overview of your account, open trades, pending trades, and quick access to a wide range of trading instruments.
However, it is obvious this is just some nicely written text about the platform that likely doesn’t even exist.
Investment scams like this one have only one sole purpose and that is to scam you out of your money so stay as far as possible from this and frauds alike.
What Trading Instrument is Available at BitAurox?
BitAurox broker offers a variety of trading instruments you can choose from:
While this does sound like a great range of options, while reading reviews, we came upon many complaints made against a broker that you are kind of left on your own to understand all of this.
BitAurox Deposit and Withdrawal
This fraudulent broker is one of those that gives itself permission to demand a $10 000 minimum deposit in order for someone to start investing. This is an insult to both users and to the industry as a whole. Such a high requirement is not only unrealistic but utterly unacceptable even if someone is an experienced trader and not a beginner.
The advertised payment methods are credit and debit cards. Moreover, there is absolutely no withdrawal information anywhere. While reading the reviews to unveil this whole withdrawal process mystery we found that many customers state different withdrawal issues and as soon as they ask for money back the broker becomes unreachable.
Judging by the scammer nature and many complaints we think it’s safe to say that withdrawals won’t be possible.
How Does This Scam Operate?
Trading scams basically have the same principle that is being performed through different sites and by different agents.
Nonetheless, the core remains the same. The broker first gets your personal information if you have left it on some sketchy sites and then the constant harassment starts. It is important to note that scams like this one can happen to anyone. The agents calling you are persuasive professionals who scam people for a living. Even if you say no, they will continue to call you until you agree to make an initial deposit.
The ultimate goal is to compel you to invest at least once, and after you may suspect they are no more than a scam the trap is fully shut and they will do anything to keep your money.
BitAurox is a UK-based broker targeting people from German-speaking areas. In terms of regulations, it is safe to say they do not follow any, so your funds will not be safe while working with them. Think twice before taking any risks while investing money and keep in mind that legit brokers will ask for as little as $10 in order for you to start trading.
Doing proper research is a must if you are new to the world of trading as many phony brokers pop up overnight. Don’t get played by the fairytales they are going to tell you and be careful with your investments.
FAQs About BitAurox Broker
Is my Money Safe with BitAurox?
No, BitAurox is a broker operating with no regulations so your money is not safe with them.
Does BitAurox Offer a Demo Account?
Like many other scam brokers, this one also does not give you an opportunity to try their services before signing up.
How Secure Is BitAurox?
No broker operating without a license is ever safe and you should avoid working with them.