BBProfit Review- Unbiased Story About A Fraud

BBProfit portrays itself as one of the most modern brokerage platforms with proper regulation and fund protection methods. 

The fact that this firm may as well be a clone and is completely unregulated doesn’t stop them from promising traders a smooth path to riches. 

Find out how the fraud is conducted and how to recover lost funds from our BBProfit review.

Questionable Legal Grounds

As the owning firm of the platform, B&B Profit CO LTD, suggests, they’re legally incorporated in the UK. Searching the UK Company House website confirms that.

First problem relating to that information is that the connection between the website and the firm is not proven. The other issue relates to the broker brand never being licensed by the jurisdictional regulator – FCA. Or any other financial authority for that matter.

This renders this shady platform completely unsafe and potentially prone to scam. Stay away and also make sure you never invest with INVcenter, which is yet another fraud.

Crime With Many Victims

The WhoIs information about bbprofit.co tells us that the site was launched in 2023. The fraud targets primarily people from these nations:

• Hungary
• Slovakia
• Czech Republic
• Ukraine

Unlicensed companies want to keep a low profile, so instead of public advertising they resort to boiler room agents. These agents are the true workhorse of the scam industry, employed by Profit Trade as well.

Most commonly, they approach new victims by phone and claim to be financial experts. They claim to have exceptional skills and automated software that can miraculously generate great profits.

Once the money is in their hands, however, it’s as good as gone. Our legal professionals might still be able to help though, so get in touch through the live chat.

Suppressing The Bad Rep

Because of the influx of fake, paid reviews SiteJabber has already flagged this company as potentially fraudulent. ProductHunt suffers from the same so-called review seller networks.

The number of critics on TrustPilot is large enough to let the truth break through, however. Have you encountered the swindlers behind BBProfit? Tell us your story through the live chat, so that we may start a chargeback together.

Rule-Breaking Trading Options

Fraudulent brokerage agencies are known to offer risky trading conditions to lead you into loss quicker. The starting leverage on Forex pairs is 1:100, and 1:5 on crypto currencies. Both of these values breach the regulatory limits by multiple times. 

What further solidifies our doubts about this platform is the lack of transparency evident when it comes to trading costs. The clever omittance of these crucial elements is an obvious sign of dishonesty, prohibited by UK legislation.

Second-Rate Trading Tools

The promised excellence in terms of features and tools available is not found on the official website. Not only is the web trader dysfunctional, but MT5 only comes in the demo version. Furthermore, no account types are specified and the price of registering is completely unknown. 

Defective Web Trader

You better not invest or attempt to trade at all if you’re forced to do so via the BBPRofit platform. The recurring error messages and unresponsiveness of half of the features is what you’ll be greeted with. Automated trading is offered as well, but based on the observed functionality, the feature isn’t reliable in the least.

While there’s MT5 available, it is only downloadable as a MetaQuotes Demo software, without access to the broker’s independent trading server.

Selection Of Assets

This broker tries to fake legitimacy by offering a diverse set of instruments. It’s questionable whether any trading can take place on their barebone trading platform, however. Many of the price graphs show telltale signs of tampering.

Here is an abbreviated list with a few examples:

• Forex (EUR/USD, GBP/CHF, AUD/CAD, USD/JPY)
• Cryptocurrencies (BTC/USD, ETH/USD, ADA/USD, SOL/USD)
• Stocks (Verizon, BASF, Disney, Caterpillar)
• Commodities (Natural Gas, US Oil, Coffee, Cotton)
• Metals (Gold, Palladium, Platinum, Copper)
• Indices (Dow Jones, VIX, IBEX, Nasdaq)

MT5 Demo For Mobile

To have the website appear more credible and rich in features, the con artist has linked the MetaQuotes store for MT5 mobile downloads. 

The absence of a proprietary trading server is visible in this case as well. What the fraud does is piggyback on the MT4 popularity to earn customers’ trust. 

Account types

Anyone can create a master account for BBProfit login, and create a master account in one of many different base currencies. Other information is completely obscured, including the minimum deposit. One thing is certain about the account types: there is no demo.

Suspicious Withdrawal Channels

BBProfit withdrawal options don’t match the channels for deposit, which is in contrast with the international AML regulation. The payout methods are cryptocurrency transfer (BTC, USDT) and bank card transfers.

All withdrawals require the scammers’ approval, so the whole “decentralization” thing they advertise goes down the drain. If you need help with BBProfit payouts, feel free to contact our chargeback experts.

Frigid Customer Service

The unresponsiveness of the BBProfit support crew is apparent when you attempt to contact them. You can test the communication channels they offer:

• Phone
• Email
• Address of the office

No response will ever come. Internet swindlers will only allow contact if they wish to do so, not when you actually need assistance. 

BBProfit Scam Summarized

Before you rush into any investment decisions that you might regret later, you should consult the financial authorities. Regulators usually have detailed information about how to combat scam of different kinds. 

Finally, if you’ve already performed a transaction on a suspicious website, make sure you change your passwords and prevent access to the rest of your capital. When it comes to fund recovery, you can rely on us- our legal experts can solve your financial dispute and return your hard-earned money. 

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