Bitex Trading Review: Safe or Scam? Bitex Trading LTD is a company based on a private loan program that is backed by Forex trading. According to the information on the web page bitextrading.biz, Bitextrading.biz is a company from which investors can make profit with zero trading experience. How possible is it?
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What You Should Know About Bitex Trading Ltd:
The company claims to offer eight investment plans with returns up to 150% after 2 days, principal included, which means 25% net per day. It supposedly registered in the United Kingdom with the registration number (11328791). Their mission is to help investors get the opportunity to make high profit with low investment. However the above statement sounds fishy. Because in economic reality, no legitimate business in this world could achieve 25% returns per day. It is obvious that this company is nothing but a scam built as a ponzi scheme. In the long run, it might not pay a single withdrawal.
Bitex Trading Ltd is nothing but a scam. The company has a tax registration in the UK, but it says nothing about the legitimacy of its activities. If indeed it is a legitimate activity, it would have a licence from the Financial Conduct Authority to provide investment services. But it has no licence whatsoever, it is not regulated, therefore it is acting illegally.
When considering where to invest your money, be careful of HYIP – investment plans with unrealistic returns. Often times, they are broad day scams disguised as Investment plan. Stay away from such schemes.
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