Scammers operate Bitbinx.com and are hoping that you will fall for their financial trappings. Almsot everything that appears on the Bitbinx website is a lie or somehow misleading.

This broker is among multiple shady brokers operating in the St. Vincent and the Grenadines jurisdiction. They’re responsible for stealing millions of dollars in investors’ funds every year. If you’re a victim, you can recover your lost funds here.

Today we expose Bitbinx with all their evil. We will also let you know about the tricks they employ to take your money.

Bitbinx review and overview

The broker is based at Beachmont Center in the st. Vincent and the Grenadines.

The address they’ve provided on this website is infamous for hosting many shady Forex brokers known for scamming traders across the world.

They also admit that they’re a CFDs brokerage and this is because they are aware of the fact that many traders don’t know much about CFDs and how they’re dangerous.

Bitbinx doesn’t seem to be a registered company or business. The people who run this broker are also anonymous as the website was privately registered in December 2022.

Despite existing for one month only, Bitbinx creates the impression that their website is honest and is guaranteeing safety to their traders’ funds.

The trading platform appears to be one of those typical trading software used to steal funds from traders.

Though Bitbinx tries to paint a picture of confidence and reliability. They do all this in order to gain trust from customers.

Being a new website, we do not think they have customers just yet.

What they’re doing now is to try and appear legitimate so that they can attract attention from naive customers.

In fact, we found out that Bitbinx is also engaged in an aggressive online marketing campaign so as to create awareness of their false brand.

While doing all this, they forget to address the common red flags such as missing ownership information and license requirements.

This is clearly a broker that we cannot trust.

How Bitbinx will scam you of your money

No matter the sweet talk, the broker knows very well that their platform is rigged in their favor.

This is why they’re offering CFDs instruments. Brokers who offer them are known to be the biggest scammers in these streets of trading.

When you deposit your hard-earned money into this broker’s platform, you’re going to start trading as usual but what you will notice is the high number of losing trades.

Bitbinx is actually asking for a minimum deposit of 1,000 EUR. This is a clever scam because unlike MobaTrade, these people want to capture a huge investment at once.

Once you’re trapped in it, it’s hard to come out until all your money is gone.

The trading simulator is very addictive and it can only be played by topping up money as soon as what you invested is depleted.

The reason people make this stupid mistake is because they believe after the first investment is gone, they’ll have a chance to recoup it by depositing more money and trading aggressively.

Of course Bitbinx will be more than happy to scam you twice if you give them money twice. The only solution is to recover your funds asap because these people are unwilling to return your money just by asking them in the email.

Unregulated broker like Bitbinx is dangerous

The SVG does not have a strong regulatory framework for brokers and this is why scammers find the st. Vincent and the Grenadine as an ideal location for their activities.

This particular broker is obviously located in this address because their intention is to illegally make money from a dubious trading platform designed to steal any funds deposited therein.

There is no consequences for these brokers whatsoever. They have nothing to lose as they’re neither audited nor questioned by anyone.

You clearly don’t want to trade with such a broker.

Wrapping it up

These people will take you for a ride before disappearing with your money in the thin air.

Most victims are left clueless when they happen to go through the experience of losing money to these brokers.

Truth is that there thousands of folks on the internet are losing money in these unregulated platforms.

We would like you to change that story by submitting your comments below and helping spread the information.