Upon receiving numerous Bullexo complaints, we’ve decided to investigate this online trading business and gather as much information as possible. At first glance, the website looks quite solid; there are plenty of account types, and the company advertises trading on the MT5. All in all, one may think this is the right brokerage.
Read our detailed Bullexo review and you’ll see that not everything is as it seems.
Bullexo broker claims to be a brand owned by Bullexo Inc., a worldwide trading firm providing Forex and CFD investments in 170 countries. However, only in the Terms and Conditions did we find that the broker operates according to Saint Vincent’s and the Grenadines’ laws. As you may know, this offshore country has no authority body regulating Forex and CFD brokerages, so we wondered about Bullexo regulation.
After we’ve reviewed numerous Tier1 registers, including FCA, ASIC, BaFin, CONSOB, and more, we discovered that Bullexo Forex broker is nothing but an online financial swindler to avoid.
Bullexo is an offshore trading firm without a valid license. According to reviews, the company is not allowing withdrawals, and the trust index is low, indicating you should not deal with the brokerage.
Broker Bullexo claims to have several awards, including:
When you look at these, you immediately think they’re false, as nothing sounds credible. And, of course, you’d be pretty right. This is just another way to lure innocent clients into the Bullexo trading scam.
Bullexo trading platform is quite a question. In the Account Types section, the company claims to offer MT5 for those who upgrade to an Education account (min. deposit of 5,000 USDT). However, all you can get is a proprietary WebTrader.
Often, scheme firms use the name MetaTrader to advertise their phony services and pretend to be better than they are. Since MT4 and MT5 are preferred by 80% of retail traders, there’s quite a good chance that someone will choose Bullexo based on the false advert.
Instead, customers will access a plain TradingView chart with several indicators and no advanced features. You can forget about social trading or EAs with this software.
Bullexo login is enabled through a dedicated mobile app for Android and iOS devices. However, the app is based on WebTrader and contains all the same features. Once again, you won’t gain any advanced functions that will make your trading experience enjoyable.
The offer of trading instruments is surprisingly limited. Customers can trade in the following markets:
Yet, stocks and indices are not a part of the broker’s offer, making this firm unappealing.
If you’re still interested in this bogus brokerage, you can choose one of the following Bullexo account types:
Besides the Bullexo minimum deposit, accounts differ in terms of leverage, spread, educational materials, and alleged access to MT5, which we have already elaborated on.
The Bullexo Demo account is not enabled. If you wish to test the broker’s system, you must make an initial deposit of 500 USDT, double the industry standard. Besides the fact that the initial deposit is too high and there’s no risk-free account, the broker is offshore and unregulated. Thus, we believe you don’t need more reasons to avoid it.
According to Bullexo reviews, this firm is running a withdrawal fee scam. Once you want to get your money back, the broker will ask you to pay upfront for bank transfer fees and taxes. Yet, even if you go ahead and pay the money, you’ll not see a penny back.
This is a typical online fraud – the company is extorting one last deposit before blocking your access to the trading account and vanishing. You should be aware that such demands are illegal. The brokerage can only charge trading commissions, which are deducted directly from the profits. If you’re prompted for any other transfer, whether from your bank account, credit card, or crypto wallet, you’re about to be scammed.
If you or someone close to you was a victim of a Bullexo scam, you should contact us immediately. Offshore firms tend to disappear after stealing enough money, and you’re risking losing track of your funds for good.
Bullexo is an online trading firm based offshore. Since the company is unlicensed, you may experience withdrawal issues. In this case, contact us for help with a refund.
Bullexo doesn’t offer a Demo account, only five Live types, with a minimum deposit of 500 USDT.
Bullexo requires a minimum initial deposit of 500 USDT, double the industry standard.
Since the firm is unregulated and insists on crypto deposits, your funds are not safe.
Bullexo is an online trading firm based offshore. Since the company is unlicensed, you may experience withdrawal issues. In this case, contact us for help with a refund.
Bullexo doesn’t offer a Demo account, only five Live types, with a minimum deposit of 500 USDT.
Bullexo requires a minimum initial deposit of 500 USDT, double the industry standard.
Since the firm is unregulated and insists on crypto deposits, your funds are not safe.
The post Bullexo Review – Don’t Let the Bullexo.com Scam Get Richer appeared first on Global Fraud Protection.
