BitFargo Broker Review

bitfargo, bitfargo scam, bitfargo forex, bitfargo review, bitfargo broker, argo blockchain stock, bitfarms stock, bitfarms vs hut 8, bar x, rare, one bite barstool, italy,gopro, little,bitcoin, one bite, detroit, celebrity, cold start, bitconnect, dark side tv, darkside tv, darksidetv, the witches, bitcoin mining stocks compared, scam baiting, stock market, pizza review, italian food, barking dogs, stoner witch, one bite pizza, elmer verburg
1.0
☆☆☆☆☆ 1/5
Positive
Neutral
Negative

BitFargo Broker Review


Submit Your Complaint



Overview



Get A Callback



FAQ

BitFargo Broker Review – Can BitFargo.io Platform Scam You?

As another offshore trading firm opening in 2021, we have seen BitFargo. We were concerned that a few regulators have already included it on their blacklists since it’s relatively new.

The following BitFargo review should give you a better understanding of the company and why it is so infamous in Europe.

Before continuing, we recommend you read our recent updated reviews of Tesler, InfinityCapitalG, and PrimeXBT. Your time, money, and nerves will be saved!

  1. Scam Broker Status: Unregulated
  2. Regulated by: Unlicensed company / unregulated
  3. Websites of scammers: BitFargo.io
  4. Forex Trading Scam: Active
  5. Scam listed by: FCA / CONSOB
  6. Owner of the broker: Nexus LLC
  7. Country of headquarters: Saint Vincent and the Grenadines
  8. Year of foundation: 2021
  9. Platforms for online trading: WebTrader
  10. Trading on mobile devices is possible.
  11. A $250 minimum deposit is required.
  12. Bonuses on deposits: None
  13. Trade BTC / XRP / LTC (5 cryptocurrencies)
  14. Trading CFDs is an option: Yes, you can trade CFDs
  15. Instruments available for trading: Forex (FX), Commodities, Stocks, Indices, Cryptocurrencies
  16. Leverage maximum: 1:300
  17. Not available for Islamic accounts
  18. Demo accounts are required to open a live trading account.
  19. US clients are not accepted: US traders are not accepted.
  20. Scam Broker Verdict: Don’t Invest in It!

Is BitFargo Safe And Regulated? – Important Things to Know

As of May 2021, BitFargo has been owned by Nexus LLC, a Saint Vincent and Grenadines-based company. This is not just an offshore country, but also the only one without any regulations.

Direct brokers will use the regulations in the country where they operate, following the FSA’s declaration of itself as a financial register.

What’s Wrong With a License?

We checked the FCA and several Canadian regulators looking for BitFargo regulation since the broker mainly operates in Canada and the UK. We remain disappointed, as you can already imagine.

Sucking into a BitFargo trading scam could lead to you losing all your money.

In addition, do not include SwissInvest, EpicInvests, or PrimeFX on your list of possible brokers to trade with. Money, time, and nerves will be saved!

Scam Warnings From Financial Watchdogs

It Since the UK is one of the broker’s main markets, it’s not surprising that the regulator was the first to issue an official warning.

Warning Issued by FCA

Based on numerous complaints, the FCA deemed BitFargo a fraudulent broker without a license.

In a similar warning, CONSOB, the Italian regulator, followed up.

Broker BitFargo Reviews: Is BitFargo Scam Broker?

When we checked BitFargo reviews, we were 100% certain this trading firm was a rip-off. It’s impossible for anyone who has ever been involved in the process to say something positive about the company, so even the clients say that the company writes all the good reviews.

Scammed By BitFargo Broker? – Talk To Our Recovery Experts

The act of being scammed by a fraudulent trading firm is nothing to be ashamed of. The Global Fraud Protection team receives complaints daily, and we take the task of refunding clients seriously.

You can contact us via online chat if you have been defrauded without a solution. We will evaluate your case and schedule a free consultation with one of our recovery specialists. 

Don’t let your money go to waste. Get in touch before it’s too late.

Get a Callback

Online Trading Complaint Form

FAQ Section:

1. Can I Trade Cryptocurrencies And CFDs With BitFargo Broker?

Currently, BitFargo brokers allow crypto trading as well as CFD trading.

2. What Is BitFargo Minimum Deposit?

To get started trading on this shady brokerage platform, you have to deposit a minimum of $250.

3. Are My Funds Safe With BitFargo?

In Italy and the UK, the broker has been blacklisted, and the company is considered a scam, suggesting the funds are at risk.