Is infoblvd.com Legitimate or a Scam? A Comprehensive Review
In the ever-evolving world of online trading, discerning legitimate platforms from scams is crucial. This article evaluates infoblvd.com, focusing on its legitimacy and potential red flags.
Company Overview
- Company Name: InfoBLVD
- Website: infoblvd.com
- Registered Country: Unknown
- Regulation Status: Unregulated; claims to be regulated but lacks licensing from reputable authorities.
- Operating Since: 2023 (exact date not specified)
- Trading Platforms: WebTrader (no mention of MT4 or MT5)
- Leverage Offered: Up to 1:500
- Minimum Deposit/Deposit Bonus: Minimum deposit of $250; no clear information on deposit bonuses.
- Available Assets to Trade: Forex, Crypto, Commodities, Indices
- Demo Account Availability: No demo account offered.
- Customer Support Contact Methods: Email and live chat (limited availability).
Red Flags Indicating It is a Scam
Unlicensed and Unregulated
InfoBLVD claims to be regulated but does not hold licenses from any recognized financial authority such as the FCA or ASIC. This lack of regulation raises significant concerns about its legitimacy.
Misleading Information
The platform may falsely assert connections with legitimate brokers, which can mislead potential traders into believing they are dealing with a reputable entity.
Fake Reviews and Testimonials
There are indications that InfoBLVD utilizes paid or fabricated reviews to enhance its reputation online, creating an illusion of credibility.
Withdrawal Issues
Numerous user complaints highlight difficulties in withdrawing funds, suggesting that the platform may engage in practices designed to delay or deny withdrawals.
Lack of Demo Account
The absence of a free demo account is concerning for new traders who wish to practice before committing real funds.
Trading Platform and Conditions
InfoBLVD primarily offers a proprietary WebTrader platform. While it may seem user-friendly, it lacks the reliability and features found in established platforms like MT4 or MT5. The high leverage offered (up to 1:500) poses significant risk factors for traders. Users have reported issues with spreads and commissions that are not clearly disclosed upfront.
License and Regulatory Issues
Regulatory bodies such as the FCA have issued warnings against unregulated platforms like InfoBLVD. The absence of licensing means there is no oversight protecting traders’ funds. Furthermore, any claims made by InfoBLVD regarding affiliations with legitimate brokers should be approached with skepticism due to their unverified nature.
User Feedback
Common complaints from users include:
- Difficulty withdrawing funds.
- Poor customer service response times.
- Technical issues with the trading platform functionality.
Deposit and Withdrawal Methods
InfoBLVD offers various deposit methods; however, users frequently report problems when attempting withdrawals. Many traders have expressed frustration over delayed processing times and unexpected fees associated with withdrawal requests.
Why Unregulated Brokers Are Risky
Dealing with unlicensed brokers like InfoBLVD carries inherent risks including:
- Loss of funds without recourse.
- Lack of legal protection against fraud.
Traders should exercise extreme caution when engaging with such platforms.
How to Get Help if You Are Scammed
If you suspect you’ve been scammed by InfoBLVD, consider services like Reportscammedfunds.com for chargeback assistance, legal support, and fraud reporting options aimed at recovering lost funds.
Conclusion
In conclusion, it is advisable for traders to avoid infoblvd.com due to its unregulated status and misleading practices. Opting for properly regulated brokers ensures better protection for your investments. If you’ve already fallen victim to this platform’s tactics, seek legal help immediately or report your experience through appropriate channels.
