If you check the table above, you will understand that we know virtually nothing about the BN93 platform. The company claims to offer services to 30 million customers in 90 countries. However, they don’t give us any legal documents showing their legitimacy.
Our detailed BN93 review aims to expose the scam and show you all the reasons to stay away.
On its main page, BN93 presents itself as a safe, stable, and reliable crypto exchange. The company claims to offer hundreds of crypto pairs traded against USDT.
However, all other areas of the page require registration. This is quite unusual, as you cannot even overview trading terms without providing your personal information, including phone and email.
If you bypass this issue, you will still be confused. Nowhere could we find anything about BN93 regulation, owner, or legal jurisdiction. The Terms and Conditions page is blocked and shows some sort of error. The same stands for other legal documents as well.
The regulatory warning we found indicates that the website onboards residents of the European Union. Yet, ESMA has strict rules, especially when it comes to crypto trading.
Due to high volatility, leverage for digital currencies is limited to 1:2. However, the BN93 broker doesn’t tell us anything about trading conditions, meaning you can easily be trapped with the higher leverage and lose your investment within seconds.
If you have any information regarding the BN93 scam, feel free to notify our team.
BN93 is an anonymous crypto trading platform. The website has been marked a pyramid scheme and blacklisted in Belgium and Spain.
According to the complaints, the majority of BN93 victims come from:
The GoDaddy WHOIS database shows that the website has been active since the 4th of November, 2016. This is quite a long history of scams, and we hope that, with your report, we will be able to urge regulators to shut it down.
As mentioned, it’s impossible to overview any trading details on the broker site without leaving your phone and email. That’s how people make a target of themselves. Yet, they come to the site through fraudulent crypto marketing campaigns promising millions of dollars overnight.
Then, broker employees start with calls and promotions, offering whatever they can think of. They promise new coin listings, great trading strategies, bots, and much more.
If their plan works and you deposit any requested amount, you will have access to the account managers. These boiler-room agents will keep in touch via the official Telegram – @BN2566, and “private” WhatsApp accounts, pressuring you to deposit more and showing alleged “community” results.
The company also has social media accounts, including a LinkedIn profile, lurking people into a scam. Agents are messaging potential prospects directly or advertising business through comments, asking for new customers to join.
This is why FSMA marked the whole fraud as a pyramid scheme.
BN93 trading platform is some sort of a WebTrader. However, even upon registration, you cannot access it without an invitation code. This is to ensure that you won’t be able to do anything before being evaluated by broker employees.
Once they ask their questions, they can estimate how much they can extort from you and build a “financial plan” accordingly.
The brokerage doesn’t offer access to any third-party trading platforms such as MT4, MT5, and cTrader. Each has a vast number of TAs and provides a customizable interface.
You can download a mobile app using the website link or scan a QR code at the bottom of the web page. However, this app means nothing as it’s based on the web version. It has the same tools and requires the same invitation code.
BN93 offers only one trading asset – cryptocurrencies. Clients can trade in digital pairs, such as:
Without platform access, however, this cannot be verified.
Another thing we know nothing about is trading costs. The company didn’t specify any spreads, trading commissions, swaps, etc. Since it’s not a classic CFD brokerage but an alleged exchange, commissions could differ.
A BN93 Demo account is not an option. In fact, we don’t have any account types, not even a minimum deposit specification.
Note that most brokers nowadays offer risk-free Demo. It’s the best way for investors to ensure that trading conditions are fair and the platform is suitable.
It seems that with BN93, you will need to deposit the money first and only then get the invitation code for the software access.
Add payment methods to the list of things we don’t know. The site says, “you can add funds with a variety of payment methods.” Yet, none of them are specifically listed. Besides, we don’t know anything about the BN93 withdrawal procedure.
This is quite suspicious and risky. If you don’t know the possible fees, payment methods, processing time, etc., being scammed is a piece of cake. The broker can give you thousands of excuses, and you will not know whether it’s a real demand or just a fake delay.
BN93 is not a legitimate trading firm. The company has been banned in Spain and Belgium. If you cannot get your money back, contact us for help with withdrawals.
The firm hasn’t specified withdrawal time, and legal documents pages are out of service.
Considering that there are two regulatory warnings against BN93, your funds are not safe.
BN93 is not a legitimate trading firm. The company has been banned in Spain and Belgium. If you cannot get your money back, contact us for help with withdrawals.
The firm hasn’t specified withdrawal time, and legal documents pages are out of service.
Considering that there are two regulatory warnings against BN93, your funds are not safe.
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