The Internet has opened the trading world to many individuals who previously found it difficult to access financial markets. However, online trading has also given rise to fraudulent activities by unscrupulous brokers. One such broker that has raised suspicions is bstorext.com. This article will examine whether bstorext.com is a legitimate broker or a scam.
Is bstorext.com a Licensed Broker?
The first red flag about bstorext.com is that it is not a licensed broker. You need help finding their website. They are closed. But, we searched on other regulatory websites to find out about them and no information was found anywhere.
This means it needs to have the regulatory oversight licensed brokers have.
Why Should Not You Trust An Unlicensed Broker?
Unlicensed brokers are not accountable to any regulatory body and are not required to follow any rules or regulations. This means they can engage in fraudulent activities such as manipulating prices, stealing funds, and misleading traders without facing any consequences.
Can bstorext.com Be Trusted?
Since bstorext.com is an unlicensed broker, it is difficult to trust it. The absence of regulatory oversight means that there is no guarantee that your funds are safe with this broker. Traders should exercise caution when dealing with unlicensed brokers and only deal with licensed brokers.
What Do Traders Think About bstorext.com?
Traders are not happy with this broker. There are several negative reviews about this broker.
Scammed by bstorext.com?- Talk to Our Experts
If you have been scammed by bstorext.com or any other broker, seeking legal advice from experts is essential. You can contact us and submit your case. We will provide you with free consultation and recovery service recommendations. These services will help you to recover your lost funds.