That is right, we believe that Flowxbtc is a trading scam, which is why we are doing the Flowxbtc Review. It’s high time someone told the truth about this financial swindler.
We have analyzed everything that the website offers plus the legal background of this broker. Read about trader complaints against Flowxbtc, the shady trading platform, and payment methods.
Flowxbtc is presented as a crypto trading brokerage, run by a dubious company called Flowxbtc.com Finance LLC. Allegedly, this entity is based in the United States.
Flowxbtc swears on US laws but the broker is not even regulated, i.e. legally registered with the right financial market authority. In fact, this company is pretty mysterious and vague.
Trustpilot warned us about detecting “a number of fake reviews for this company” and removing them. Flowxbtc’s website was created in February 2023 and it’s impossible that there are so many “positive” reviews in just three months. Real complaints look like this:
Scam Alert. Another cheap-low-level scam trading platform from Russians with a high increase of fake reviews in russian and very basic beginner level English reviews when they get the real 1-star feedback.
We did some research to find out where Flowxbtc operates, i.e. in which domains. It’s quite an unusual choice of countries but then again, scammers take what they can get.
We already debunked Flowxbtc’s claim of abiding by US law. We must pressure regulators to react to this cyber threat and issue warnings.
Flowxbtc will do all in its power to convince you to invest as much money as possible. Afterward, you will end up with withdrawal issues and the broker will probably cease all communication.
The first and most alarming risk is obviously Flowxbtc’s unregulated status. You could end up getting scammed and having to go through hell to get that money back.
If you trade with a regulated broker and something goes south (i.g. the broker goes insolvent), you are entitled to compensation depending on the regulator. For instance, if your provider operates under the European Securities and Markets Authority, you will be paid up to 20,000 EUR as compensation.
The second prominent risk is super-high leverage. Flowxbtc offers leverage up to 1:100 for crypto trading. That’s extremely risky in such a volatile market. Keep in mind that crypto assets should be traded with a leverage of 1:5 at the most.
Flowxbtc’s deposit and withdrawal processes rely on crypto transactions. This can be problematic as crypto payments are particularly hard to trace.
The minimum deposit was not disclosed. As for the fees, Flowxbtc charges 0.20% for regular users and 0.14% for premium users plus a 1% Exchange fee.
Judging by the complaints against the broker, withdrawal issues are inevitable. Thus, please avoid investing in this anonymous crypto trading scam.
If you have evidence that Flowxbtc violated any terms and conditions, please let us know. We will gladly report this scam broker to the respective authorities.
You can also contact us for help in getting your money back. Our experts are skilled at using advanced crypto-tracing software such as CipherTrace. Book a free consultation with us and we shall discuss the details.
Here you can book a free consultation and find out what to do for a start.
No. Flowxbtc is an anonymous crypto trading website with no trading license. Avoid this broker.
According to Flowxbtc’s website, you can trade crypto assets but not CFDs.
Yes, but Flowxbtc’s referral program smells like a Ponzi scheme instead of an honest referral program.
No. Flowxbtc is an anonymous crypto trading website with no trading license. Avoid this broker.
According to Flowxbtc’s website, you can trade crypto assets but not CFDs.
Yes, but Flowxbtc’s referral program smells like a Ponzi scheme instead of an honest referral program.
The post The Flowxbtc Review Has All the Information About This Scam appeared first on Global Fraud Protection.
