Bemo Investment Firm LTD Review

Due to loose regulatory conditions, many swindlers choose to incorporate their business in offshore jurisdictions. As always, the key to recognizing these fraudulent entities is carefully scrutinizing their legal information.

This company will have you believe they’re at the forefront of the investment business, only to rip you off when you least expect it. Find out more in our Bemo Investment Firm LTD review.

Offshore Scam Claims to be Legit

False statements found all over the website suggest the company to be a reputable UAE brand registered as a securities dealer in that country. 

However, after checking the legal documents, we quickly found out that the firm is actually from Saint Vincent and the Grenadines, considering the statement about incorporation according to the SVG laws. SVGFSA has stopped regulating brokerage firms and no Forex dealer that operates from this place can be considered safe for investing.

Consequently, that is why many illicit firms choose to start their businesses there, knowing no supervisory authority will be keeping an eye on them. CBR (Russia) has blacklisted the Bemo Investment Firm LTD broker for such fraudulent operations.

How Online Theft Works

The earlier of the two domains, bemoinvestmentfirmltd.com, was created in April 2024. Since the website shutdown occurred in less than two months of operation, another one, bemoinvestmentfirmltd.com, was launched in June 2024.

The swindlers target these particular nations:

• United Arab Emirates
• United Kingdom
• Italy

Online con schemes rarely advertise through regular channels. In order to gain traction, this hoax relies on deceptive posts on forums like Reddit, and through fake Bemo Investment Firm LTD reviews on SiteJabber.

The brunt of the work is done by so-called boiler room agents, who contact their marks directly by phone. They peddle ideas of easy money and quick riches in order to encourage victims to invest.

Once the victims are hooked, the agents will insist on installing AnyDesk and TeamViewer remote access programs. Through them, scammers can take control over the victims’ computers and steal sensitive information like bank account numbers.

Deception Concerning Costs

High leverage is always one certain sign that the firm is operating under loose supervision or no legislation at all. That’s why we can conclude a lot from the fact that the firm allows leverage of up to 1:100. 

Bemo Investment Firm LTD trading parameters clearly point out their predatory tactics and intentions. Spreads are not clear as they sometimes allegedly start at 0.8 pips while other times they’re just “floating.” As for trading costs, none are revealed, and “low commissions” are mentioned. 

CoinTrix is a similar fraudulent campaign that tends to hide the real costs and reject clients’ withdrawal requests.

Bonuses to Allure Traders

How bonuses are acquired isn’t explicitly defined. The broker only states that the incentives range from 20% to 100%, but we couldn’t find any instructions on how to get these. Legal papers that should otherwise clarify the bonus terms and conditions aren’t even there.

Limited Access Only

Without the particular Registration Code, no one can create a new Bemo Investment Firm LTD login except for handpicked victims. That means that access to the trading zone is blocked, as well as some other features. No loss there, however, considering that the site had nothing impressive to offer, anyway.

Software for Members Only

Considering the fact that we could not acquire the expected code and complete the registration, we were permanently prevented from previewing the platform. These tactics resemble what all con artists tend to do: reveal as little as possible and bait new clients into depositing. 

It may as well happen that real cash is also requested before any trading software is revealed. In the worst case scenario no Bemo Investment Firm LTD app exists at all.

Seemingly Diverse Assets

Depending on where you are on the site, you will find wildly different information about available instruments. Although the selection seems diverse, it’s all for naught since the company doesn’t have a platform.

This is what’s allegedly on offer:

• Forex – EUR/USD, EUR/GBP, USD/CHF
• Cryptocurrencies – BTC, ETH, XRP, ADA
• Stocks – AAPL, META, GOOGL
• ETFs – TQQQ, XLF, TLT
• Metals – Gold, Platinum, Palladium
• Commodities – Crude Oil, Wheat, Soybean
• Options – ASX, CBOT, EUREX
• Bonds – Euronext, US Government, US Corporate

Accounts Promise Prosperity

From the way this fake trading platform advertises its packages, it is immediately clear it’s all just another element that fits the deceitful scheme. Any specialized features are not even remotely mentioned in regard to any Bemo Investment Firm LTD account. All we found was the broker bragging about the superiority of the prices and choice of tools that don’t even exist. 

Alas, they’re sure overpriced:

• Test – €100
• Beginner – €2,000
• Standard – €10,000
• Corporate – €150,000
• VIP – Individual conditions

More Proof of Fraud

There’s no confirmation for any of the claims pertaining to the Bemo Investment Firm LTD withdrawal. The firm mislead clients into thinking transfers are instantaneous and safe, with the following methods being available:

• Visa
• MasterCard
• Credit and Debit Cards (as if the first two don’t belong to this group)
• Crypto

The minimum amount to deposit or withdraw is 100€, and payouts take about 24 hours to process. What most likely happens is that clients are rushed to invest via crypto, so these anonymous schemers can misappropriate the funds without revealing themselves. That’s why you should only invest through transparent channels that support chargeback.

Disinterested Help Desk

The only prompt customer support option is the call center. While nobody bothered to answer our calls, we suspect that the presented numbers belong to the boiler room agents. 

Other methods include email or regular mail, but something tells us you won’t receive any reply, just like with CoinRilon.

Got Scammed? We Can Help!

This offshore company has been blacklisted for predatory behavior towards their clients. The company is very young and has basically no redeeming qualities.

Getting investment back from these cybercriminals is a difficult process. Should you require help from a professional, we are at your disposal. You may reach out to us at any time for a free first consultation.

FAQ Section