In the world of online trading, the Broker China International brand has been gaining momentum for a long time. However, doubts are increasingly arising about the reliability of this Forex broker. In this article, we will shed light on the legitimacy of Broker China International and understand the complexities associated with its activities.
Broker China International is an online trading platform that operates primarily in the Forex market. Lures potential clients with attractive trading conditions and promising highs. However, the authenticity of these offers and the broker's activities in general have come under scrutiny.
As the initial analysis showed, the company’s website lacks important information about its activities and registration. The lack of a physical address and the questionable authenticity of documents presented by company representatives make one wonder about its legitimacy. Lack of company data implies lack of means to prosecute or bring liability.
During communication with a representative of Broker China International, additional suspicions about possible fraud arose. He could not explain how he obtained the contact information. Throughout the conversation, it seemed that the representative strictly followed the script, giving practically no direct answers to the questions posed.
When the representative was informed of his reluctance to invest money, the conversation took an unprofessional turn. He became rude, claiming that the caller had no right to ask questions. This behavior raises doubts about the professionalism and legitimacy of Broker China International.
A key indicator of a broker’s reliability is its relationship with regulatory authorities and the availability of appropriate documentation. Unfortunately, representatives of Broker China International were unable to provide these documents, resulting in more questions than answers.
If a broker is not registered with the regulatory authorities, then if problems arise, it becomes problematic to file lawsuits or demand compensation. This means that there is no way to return funds or hold the broker accountable for illegal actions.
Reliable platforms such as Trustpilot and Sitejabber were used to gauge public opinion and reviews of Broker China International. These platforms contain a large number of user reviews, which allows you to get a complete picture of the company's reputation.
Several positive reviews were found on these platforms praising the company. However, the quality of these reviews matters more than their quantity.
For example, one of the reviews read:
"Broker China International is a great company! They have a valid brokerage license. I consistently earn 250-300% of my account balance every month in just 15 minutes a day. I highly recommend Broker China International to everyone!" .
However, although the company claims to have a brokerage license, its representatives were unable to provide any documents to support this claim. It seems that the author of the review considers any document legitimate.
On the other hand, there are also negative reviews about Broker China International. They mainly concerned situations where users could not receive their funds, and not the quality of Broker China International as a Forex broker.
According to reviews, once Broker China International receives your funds, it begins to imitate the actions of a real broker to convince you to deposit more money. Such organizations often exploit the gambling instincts of traders, offering quick solutions to recover losses and make profits.
However, when you try to withdraw funds, your account will be suddenly blocked for a far-fetched reason. From this moment on, any attempts to contact the support service or representatives of Broker China International become useless.
Yes, it is possible, although not easy, to get your money back from fraudulent brokers such as Broker China International. Fraudsters avoid attention and unwanted noise. In such cases, it is recommended to seek help from companies that specialize in recovering funds from unreliable brokers.
Although these services can be expensive, it is better to get some of your money back than to lose it completely. If you are interested in recovering your money from an unscrupulous broker, get in touch. Having had sad personal experience with scammers, I can recommend a company that can help you.
In conclusion, given the red flags, negative reviews and questionable activities, caution is advised when dealing with Broker China International. While the lure of high profits may be tempting, checking the reliability of the broker you are investing with is an important step that should not be overlooked.
Remember that in the world of online trading, not everything that glitters is gold. You should do your due diligence before investing your money. With fraudulent transactions on the rise, the best defence is awareness and vigilance.