BitexPro claims to be an online crypto venture which offers its customers the Zenex coin. However, various BitexPro reviews indicate it might be a dangerous scam.
When I looked into the company, I found several red flags myself. Hence, I’m fairly certain that BitexPro Eu might not be as reliable as it claims to be.
There are multiple reviews online highlighting how this cryptocurrency broker scammed them.
BitexPro claims to be an online cryptocurrency venture that offers its customers the Zenex coin, but it has come under scrutiny due to various BitexPro reviews that suggest it may be a dangerous scam. While it is important to conduct thorough research before investing in any venture, the red flags associated with BitexPro Eu make it clear that it may not be as reliable as it claims.
Several reviews online have highlighted how this cryptocurrency broker scammed them, indicating that the company is not trustworthy. One major red flag is the lack of information about the company’s leadership and team. Without transparency regarding who is behind the venture, it is difficult to trust that the company has good intentions.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
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Furthermore, BitexPro claims to be based in the European Union, yet it is not registered with any regulatory agency in the region. This lack of regulation should be a cause for concern for potential investors as it leaves them with no legal recourse if something goes wrong.
Additionally, it has been known to pressure customers into investing more money than they are comfortable with. Such behavior is a classic tactic of scammers, as they try to take advantage of people’s emotions and convince them to make impulsive decisions.
In conclusion, potential investors should approach with caution and consider the numerous red flags associated with the company. It is always better to err on the side of caution and invest in ventures that are transparent, regulated, and have a proven track record.
For example, one trader lost 62,000 rubles with this broker. He says it is a complete scam and people should not get involved with it.
Here’s another review who lost $12,000. The reviewer points out that BitexPro makes false claims about its customer support as it doesn’t work at all.
Moreover, I found another review where the person lost 80,000 rubles to the fraudulent broker.
Additional Red Flags in BitexPro
Apart from the multiple reviews calling this forex broker a scam, there are several additional red flags indicating BitexPro is not a reliable firm.
In the footer of their website, you’d see that the owner of this forex broker is GoldFort OU, an Estonian company.
Their address is Vana-Narva maantee 18, Maardu, 74114 Harju maakond, Estonia.
Surely, all of this looks quite legitimate.
But, it’s all lies.
BitexPro is using the name and business address of a completely different company which has no association with them whatsoever.
Their fees are substantial as well.
The minimum deposit requirement is $10 while the deposit fee is 4.5%. On top of that, you’d have to pay a withdrawal fee of 4% and $6.
However, they claim to have different fee structures for different payment types but all of them have relatively the same charges.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
Zenex Coin:
Apart from being a forex broker, BitexPro is the issuer of Zenex Coin as well. According to their website, Zenex Coin is a token to help businesses perform transactions more efficiently and effectively.
They claim it is an innovative financial solution and helps you recharge your balance of online gaming services.
Also, BitexPro claims that Zenex will help people save themselves from fraudulent chargebacks.
However, trusting the Zenex coin is more difficult as there is no information on the people behind the coin.
Although Zenex coin shares the name of Lina Rice as the CEO of Bitexpro, you don’t find any information online when you look up her name online:
The same is true for all the other team members of Bitexpro and Zenex.
Furthermore, it seems like BitexPro wants people to post fake reviews about it online to promote their brand. For this purpose, they have launched their Ambassador program which gives ‘points’ to people for posting social media posts and articles promoting the firm.
Conclusion
Clearly, Bitexpro is an extremely shady venture. The cryptocurrency broker has its own token but uses lies and deceptive marketing to get ahead.
Recently, many scams have begun popping up in the cryptocurrency industry.
For example, LyoPay is a ponzi scheme posing as a cryptocurrency exchange. Similarly, OmegaPro is another shady venture which has been blacklisted by multiple financial regulatory authorities all across the globe.
You also have scammers like Sulim Malook targeting crypto enthusiasts.
Hence, you should be extremely cautious while dealing with suspicious companies like BitexPro.
In my opinion, you should avoid dealing with BitexPro and Zenex.
We are not affiliated with any businesses in the lists below, nor are we being compensated for recommending them. All the recommendations are based on the personal experience of the contributors and our users. If you have your own recommendations feel free to mention them in the comment section at the end of the post.
The BitexPro scheme is fake since it is managed by scammers to defraud market investors. The platform has developed Zenex, a cryptocurrency that is a complete waste of time and money.
I actually never knew they had brokerage services, i just use the platform as an exchange and to buy ZNX. For this the platform works no problem but after reading your reviews got a bit scared, will double check the platform now. Any info on the brokerage services they did? I dont see it
This is the worst platform for investing as these sites have a broker who misleads their investors and does not give the proper advice regarding the hard-earned that they are investing as these are fake schemes and just try to steal people’s money.
The company has a shady past and also indulged in lots of illegal activities and defrauded many people. I would suggest avoiding this bogus website and trying to invest in some reliable platform, from where you will get a better return.
These methods are designed to catch customers who assume this company is a real platform. Bitexpro is not an excellent investment opportunity. To deceive the public, the corporation employs false marketing methods.
There are many Ponzi schemes like Lyopay and Omegapro, where these companies use their new clients’ funds to repay their old clients. The regulatory authority has to take strict action regarding these types of fake apps and the people who are promoting these types of services.
i got mine back
I have over $14000 euro in my account cannot get out I paid another $2000 to get my money back they put in my account by mistake gave me a story they were sorry now they want more money to get my money. My experience with them was terrible. It took quick intervention of (normenvolk) before I was able to get my money back. I spoke with him via telegram and I am glad to share this now with y’all.
I checked out their website and yes, they are definitely a scam. No legit broker keeps so many details hidden. I don’t trust their minimum deposit requirement too. These guys are charging way too high commissions.
So many scam coins are coming in the industry nowadays you’d think people will start recognising them. But nope, you still have fools investing in scams like zenex smh
Yeah man I feel you. My experience with Bitexpro was terrible. I can’t believe such forex brokerages are still operating in the industry. Like, how can they run without facing any legal punishment?