Baer Group Review – Not Anything You’d Expect This Broker To Be

Baer Group undoubtedly got inspired by the famous chain of banks for their name. Don’t be naive though, and think that it’s a coincidence or that they’re in any way related. Scammers nowadays look for any way possible just to leave the impression that is most likely to have you invest in their sham. 

Our Baer Group review will show you all the reasoning behind our attitude towards investing in this unscrupulous web of lies. Not just because they’re unregulated and located in a gray area where no authority oversees the entire securities and derivatives market. Also because the leadership behind Baer Group wants their company to seem as something they’re not, all out of rotten ulterior motives. 

Is Baer Group Legit Or Not?

By the number of scams registered at the end of 2022, it seems like that was the moment when everyone decided to open a fraudulent offshore brokerage company. Since whoever is behind Baer Group decided to do the same, the best place for that in the whole wide world was Saint Vincent And The Grenadines. 

The financial authority that regulates financial markets in this country (SVGFSA) has altogether stopped licensing and supervising brokers. This has led to a massive expansion of the fake broker firms that started appearing overnight. Without anyone to oversee their activities, these companies and websites could scam investors to their hearts content and remain anonymous at that. 

Trying to establish whether Baer Group is really unregulated, we looked through the registers of FCA, ASIC, CySEC, NFA and CNMV but found no information about them whatsoever. Baer Group doesn’t have a Tier 1 license, which is preferred above all others. But this broker doesn’t have any license at all, not just the most respected and preferable one. 

As an addition to their corrupted work, Baer Group displays all the warning signs of scam. They do not provide segregated bank accounts for storing the customers’ deposits safely. The leverage on the Baer Group website is set to 1:100, while all Tier 1 regulators have restricted it to 1:30 or 1:50. 

Although the Baer Group scam convinces traders to provide them with the insurance of their account balance, no license can not confirm the credibility of these claims. Apart from that, Baer Group also issues bonuses up to 100% on the deposit made, while these are explicitly banned by the UK and EEA regulators. 

All the elements of the Baer Group conduct imply the illicit business going on behind the fine exterior. Even offshore regulated brokers like Po Trade are not recommended but still safer than this swindler. Be careful either way, and always gravitate towards reputable brokers that have what to offer and keep your investments secure. 

Who are Baer Group Victims?

While operating from a far offshore island, Baer Group has nothing preventing them from targeting a wider group of potential victims. The statistics show that this financial fraud isn’t concentrated in one area particularly. Rather, they cover various countries and focus on scamming on the global scale. Take a look at the states with the highest victims ratio:

• Switzerland
• United Kingdom
• United States
• India
• Singapore

The first look at their website doesn’t reveal anything in particular. However, once you start uncovering one layer of lies after another you can grasp just how deep the sham goes. For example, the broker claims not to accept the US traders but then you see the US as one of the countries with the most victims. And that’s not even the beginning of all that this fraudster tries to hide. 

Baer Group employs a number of highly skilled and communicative agents that lurk the social networks for potential targets. Once they find their victim, they stick to them like a tick until they suck them dry and empty their bank accounts. Some take more, some less convincing in the uniqueness of the investment chance and winning probability that Baer Group supposedly offers. But, sooner or later, almost every target falls for the lies and false promises.  

Before it’s too late, it would be smart to ask for a refund before you start trading or accept any of the bonuses because by then, you may already be their financial slave. Luckily, companies like ours provide legal protection and assistance in fund recovery, so contact us if you need help with resolving withdrawal issues.

Check What Traders Write About Baer Group com

The unclaimed company profile at TrustPilot doesn’t have many user reviews. All three of them are negative and in foreign language, which coincides with the victims coming from those countries. Based on insufficient data, we cannot claim anything for certain about Baer Group. 

But even the few negative reviews all point out at the inability to withdraw funds invested with this scam. So be very careful if you deal with this website. It won’t take long before more victims come to share their experience, which is, by all means, always negative.

Baer Group Trading Characteristics

All these fraudulent brokerages offer what seems to be an incredible opportunity for profits. Their prices are far lower than what a regulated broker charges, and the Trading Accounts seem to come with some amazing benefits, like 100% deposit bonuses and such.

The addition of exotic Trading Instruments, such as NFTs is especially attractive to the young people. The idea of quickly gaining riches is attractive to anyone, but the young folks lack the experience to scrutinize all the underlying risks. Without a Demo Account, you can’t even learn anything new or test new strategies without losing real money.

Baer Group is guilty of all of these offenses. Nothing is as it seems with this group of scammers, and as soon as you start scratching the shiny surface, you will see just how cheap and dysfunctional everything is underneath.

Which Trading Platforms Available at Baer Group?

Baer Group is your run-of-the-mill scam, and they of course use the Web Trader as their only Trading Platform. This allows the swindlers behind Baer Group to edit the market data. They can tailor the information as they see fit, and make it so that the client loses money every time they speculate.

Current industry standard software are MT4, MT5 and cTrader programs. These have become so ubiquitous that even less known Tier-3 Regulated brokers like GTCFX use them. The reason for this, of course, is that a regulated brokerage profits from the financial success of their clients. Scammers don’t care about your financial wellbeing, they just want a fast cash grab.

Available Trading Assets

The Trading Instruments you will see at Baer Group are nothing new or different when compared to all other scam companies. They have even added the latest fad to hit the market, the NFTs, to their platform… But you won’t find this particular piece of information until you manage a Baer Group Login to the Web trader.

As always, the Trading Assets are divided into several different groups. Here are the Assets that Baer Group allegedly offers for trade:

• Forex – EUR/USD, AUD/CAD, USD/JPY, GBP/CHF
• Cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dogecoin
• Stocks – Disney, GM, Walmart, Siemens
• Indices – JP225, UK100, US TEC, ESP35
• Commodities – Brent, Gold, Silver, Sugar
• NFTs – Moonbirds, Bored Ape, Cool Cats, Beanz

What Account Types Are Provided?

Baer Group is advertising their Easy Start account as the best way to begin investing. Contrary to what it’s called, there’s nothing easy about trading with Baer Group. There is quite a lot of conflicting information about their Account Types.

On one page, the broker claims that the minimum deposit for this Easy Start Account is $150, while the other part of the site sets the minimum deposit for the same Easy Start Account at $250… But that’s not all, because on the homepage you will find an advertisement that you can start trading with a minimum deposit of $1 000 – on the same Easy Start Account!

Of course, $1 000 is quite a steep minimum deposit for something that is called “cheap” and “easy”. Many regulated brokers set their minimum deposits at $10, or even less.

Here is what the Account Types at Baer Group look like:

• Easy Start – $150 (From Advertisement), $250 (From Client Portal), $1 000 (From Homepage)
• Standard – $3 000
• Trader – $10 000
• Pro Trader – $25 000
• Premium – $50 000
• VIP – $250 000

It’s difficult to take these people seriously, especially since the accounts are pretty much all the same. There is no real difference between them, other than the steep rise in deposit costs and alleged trading benefits each one yields. As hard as we looked, we couldn’t find a Demo Account anywhere.

Deposit and Withdrawal Policy

In the process of signing up, Baer Group login page demands you to agree to the Terms and Conditions doc and the Privacy Policy. However, you are incapable of reading them prior to accepting them. The website doesn’t have any of the obligatory documents posted for the site visitors to go through. 

This gives Baer Group space to improvise and later impose all kinds of ruthless conditions upon their traders. For example, the broker will advertise the beginning account for $150, ask for a $250 deposit in the user area but also ask you to start with nothing less but $1 000. 

The same way, the shady financial services provider could ask you to reach the trading volume requirement first before allowing you to request a withdrawal. To additionally obstruct your progress towards getting a payout, Baer Group will also come up with all kinds of excuses. Typically relating to more fees, charges, taxes and commissions they will directly deduct from your total balance until you’re left with nothing! 

What Customer Support Does the Broker Provide? 

There are a few ways through which you can contact the Baer Group Customer Support. In the Contact Us part of the Website, there is a phone number, an email address and a Contact Form. Naturally, because Baer Group is a fraudulent company, their contact address for physical mail is made up as well.

You may contact the Customer Support nearly instantly through the Live Chat in the Web Trader. As you’d expect, these Customer Service agents are the same Boiler Room Agents who have persuaded you to join the Baer Group Platform in the first place. It’s a merry-go-round of fraudsters, and they will invent any excuse not to fix your issue, but to ask for more money.

What Can I Do If Baer Group is an Online Scam? 

Let’s face it – who wouldn’t be attracted to the thought of making a quick buck? The point is to pick your provider and future business partner carefully. Still, it can easily happen to be entrapped in a malevolent financial scheme, even if you’re a Forex professional with all the wisdom of the world markets. 

If you consider your funds to be compromised by this or any other broker, you can reach out to us for professional help. Our chargeback specialists are well-trained and educated for dealing with such clever scams. One important circumstance that you will find valuable is that we do not charge the first consultation. Getting to know your helper and their capabilities is of crucial value. 

So chat us up and let’s exchange ideas, experiences and knowledge, so we can make the right moves and get your funds back as soon as possible.

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