Blocksbrokers says it is a legitimate brokerage house providing forex and CFD trading services to both retail and institutional clients globally. However recent reports indicate that the platform might be running on a Ponzi Scheme model, attracting unsuspecting investors with the guarantee of high returns and instant profit. Ponzi schemes are inherently unsustainable, and as new investment tapers, such platforms always collapse, leading to investors being left with serious financial losses.
Website: https://blocksbrokers.com/
Website Availability: NO
Headquarters Country: NA
Owned By: NA
Blacklisted by: Not Recommended By Review Website Like
Domain Age:
- Domain Name: blocksbrokers.com
- Registry Domain ID: 2787872141_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.namesilo.com
- Registrar URL: https://www.namesilo.com
- Updated Date: 2024-10-23T04:02:34Z
- Creation Date: 2024-10-15T04:02:33Z
- Registrar Registration Expiration Date: 2025-10-15T04:02:33Z
Red Flags Alerting to Illicit Activity
In spite of appearing to be a contemporary trading platform, Blocksbrokers does not have the regulation of any genuine financial institution. This is a risk for investors since there is no lawful remedy in the case of fraud or malfeasance. The company’s aggressive deposit methods and guarantees of sure profits are big red flags.
Negative Reviews and Customer Complaints
Plenty of negative complaints and investor reports raise red flags regarding Blocksbrokers’ conduct. Complaints usually mention overdue or refused withdrawals, bad customer service, clandestine fees, and lack of transparency. Issues like these indicate robust signs of scam activity.
Scam Allegations and Legal Proceedings
There have been several scam claims against Blocksbrothers, such as unauthorized trading and deceptive returns information. Keeping an eye on current legal proceedings or regulatory alerts can give more information about the company’s reliability.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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