Fri. May 14th, 2021

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Bleaxmond Review (2020): Is bleaxmond.com a Scam Broker?

4 min read

If you came here hoping to get good reviews concerning bleaxmond brokers, sorry to disappoint you. Make no mistake, bleaxmond.com is a well-organised scam, a pretend broker and this review will prove that to you.

In your bid to make real profit in forex, one of the most important things to consider is trading with the right forex brokers. Our job here is to review these so-called broker websites and help you tell legit from deceit. The following review will tell you all you need to know about Bleaxmond brokers.

About Bleaxmond Brokers

Bleaxmond brokers. quite like a few other illicit brokers in the forex trading business, do not reveal so much about themselves on their website. The only substantial piece of information revealed in their “about us” is, ” Bleaxmond was created as a way for traders to trade CFDs on a platform that is user friendly.” Although how much of a friendly platform it has, we do not know.

We were also able to draw from their Terms and Conditions, a line that says they are subject to Estonian law. We can only take this to mean they are supposedly established, registered and regulated in Estonia.

Why You Should Be Wary of bleaxmond.com

Bleaxmond brokers have more than just a few shady things about them. However, here are 3 major red flags that should warn you about them.

Bleaxmond Withdrawal and Deposit

One of the easiest ways to spot scam brokers is to take a look at the terms and conditions surrounding their deposit and withdrawal. Bleaxmond brokers’ deposit and withdrawal conditons are not so straightforard, it would seem. The first thing we’re going to point out here is how bleaxmond brokers basically ask you for your credit card details.

Sometimes, legit brokers also ask for pictures of your credit card, just to be sure you’re not trading with stolen details. The difference, however, is that they warn you to cover out the other details, including your CVV behind. The irony here becomes; bleaxmond.com warns you about credit card scammers, then basically asks you to fall victim.

Secondly, they offer up to 6 account types, with the minimum being $500 and the top account with about $1,000,000. Yes, a million dollars, you read correctly! No legit broker asks for that amount as minimum deposit. As a matter of fact, some even require as low as $5 – $100 as minimum.

Finally, bleaxmond brokers have a rule saying all withdrawals must be confirmed telephonically within 3 days of request or the withdrawal would be cancelled. This is stated no other place on bleaxmond.com except in their T&C section, which hardly anyone ever goes through.

Bleaxmond.com Trading Platform

Bleaxmond.com claims to have the best trading platform there is. They a;so claim as is seen on the “About us” page, that the platform runs on all devices (We can only believe they mean web, destop and mobile).However, we must say this we’re not told anything else about this platform.

One interesting thing to note about bleaxmond.com is that there is no feature for opening an account there. So it’s either the creators forgot to add it or they’re fine with us trading somewhere else. And of course, without a forex trading account, there isn’t a trading platform to talk about.

Licensing and Regulation

FCA warning to bleaxmond brokers

First of all, we’ll talk about the warning that the FCA issued to investors concerning bleaxmond.com. It has got to be a huge blow when arguably the most reputable financial body in the business calls you out like this. It clearly says they have no authorisation to do what they do.

Secondly, it is mentioned somewhere at the early points of this bleaxmond review that their T&C section linked them to the Republic of Estonia. Upon checking the EFSA registry, we found neither Bleaxmond nor their parent copany; AlephCompany Solutions.

Bleaxmond Review Conclusion: Is bleaxmond.com Legit?

No. bleaxmond.com is not verified by any regulatory body and you would be trading with them to your own disadvantage. The fat that they’ve been issued a warning by the FCA only makes that worse for them. We always recommend you find a licensed broker, regulated by a reputable agency to trade with. Avoid illicit brokers such as bleaxmond.com.

Our Recommendation For You

You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!

FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!

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