Bikexpor is a forex and CFD trading broker that claims to offer a variety of trading products and services. However, there are a number of red flags that suggest that Bikexpor is a scam.
Company Overview
Bikexpor is a relatively new broker, having been established in 2022. The company’s website does not provide any information about its headquarters or management team. This is a red flag, as legitimate brokers are typically transparent about their operations.
Does Bikexpor Have Any License?
Bikexpor does not have any licenses from any reputable financial regulator. This is a major red flag, as it means that the broker is not subject to any oversight or regulation.
Is Bikexpor Regulated By Any Authority?
Bikexpor is not regulated by any authority. This means that there is no governing body to protect investors from fraud or other malpractice.
Bikexpor Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- There are a variety of trading products and services offered.
Cons:
- The broker is not regulated.
- There is no information about the company’s headquarters or management team.
- There have been reports of customer complaints.
How Does Bikexpor Reach To Their Prey?
Bikexpor uses a variety of methods to reach potential victims, including:
- Spam emails
- Social media ads
- Cold calling
The broker often promises high returns with little risk, in order to lure victims in.
Technical Details
Minimum Deposit:
The minimum deposit at Bikexpor is $250.
Trading Platform:
Bikexpor uses the MetaTrader 4 trading platform. This is a popular platform that is used by many legitimate brokers.
Spread:
The spreads at Bikexpor are variable. This means that they can change depending on market conditions.
Leverages:
The leverages offered by Bikexpor are high. This means that traders can control a large position with a small amount of capital. However, high leverages can also magnify losses.
Packages and Products They Offer
Bikexpor offers a variety of trading products and services, including:
- Forex trading
- CFD trading
- Cryptocurrency trading
- Social trading
- Education and training
Withdrawal and Deposit Method
Bikexpor offers a variety of deposit and withdrawal methods, including:
- Credit cards
- Debit cards
- Wire transfers
- eWallets
What Do Their Previous Traders Say?
There have been a number of complaints from previous traders of Bikexpor. These complaints include:
- Problems withdrawing funds
- Slow customer support
- Unrealistic trading promises
Summing Up- Why Should Not You Trust Bikexpor
There are a number of reasons why you should not trust Bikexpor. These include:
- The broker is not regulated.
- There is no information about the company’s headquarters or management team.
- There have been reports of customer complaints.
- The spreads and leverages offered are high.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Bikexpor, you may be able to recover it through a recovery service. These services typically work on a contingency basis, meaning that they only charge if they are successful in recovering your funds.
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Final Thoughts
Bikexpor is a scam broker that should be avoided. If you are considering trading with this broker, I urge you to reconsider. There are many legitimate brokers out there that offer better trading conditions and customer support.
If you have any questions or concerns, please feel free to contact me. I am happy to help you find a legitimate broker that is right for you.
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