Caution Investors Blissoptionsfx – blissoptionsfx.com – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Blissoptionsfx Review: A Scam or a Legit Broker?
Blissoptionsfx is a forex and binary options broker that claims to offer high returns and low commissions to its clients. However, there are many red flags that suggest that this broker is not trustworthy and may be involved in fraudulent or manipulative practices. In this review, we will examine the regulations, customer reviews, products and services, location, and customer service of Blissoptionsfx and explain why you should avoid this broker at all costs.
Overview:
Blissoptionsfx is a website that claims to be operated by Bliss Options Limited, a company registered in the United States. The website offers various trading instruments, such as forex, binary options, stocks, indices, commodities, and cryptocurrencies. The website also claims to have over 10 years of experience in the financial markets and to provide a secure and reliable trading platform.
However, there are many reasons to doubt the legitimacy of Blissoptionsfx and its claims. First of all, the website does not provide any information about the regulatory status of the broker or the license number of the company. This means that Blissoptionsfx is not authorized to offer financial services in any jurisdiction and is operating illegally. Furthermore, the website does not disclose any information about the trading conditions, such as spreads, leverage, commissions, fees, or minimum deposit requirements. This makes it impossible for potential clients to assess the risks and benefits of trading with Blissoptionsfx.
Regulation and Compliance:
As mentioned above, Blissoptionsfx does not have any regulatory license or authorization from any reputable financial authority. This means that Blissoptionsfx is not subject to any rules or standards that protect the interests and rights of traders. For example, Blissoptionsfx does not have to segregate client funds from its own funds, meaning it can use client money for its own purposes or even disappear with it. Moreover, Blissoptionsfx does not have to comply with anti-money laundering (AML) or know-your-customer (KYC) policies, which means that it can facilitate illegal activities or identity theft. Additionally, Blissoptionsfx does not have to participate in any compensation scheme or dispute resolution mechanism, which means that clients have no recourse if they encounter any problems or disputes with the broker.
Customer Reviews:
The customer reviews of Blissoptionsfx are overwhelmingly negative and reveal many complaints and issues with the broker. Many clients report that Blissoptionsfx is a scam that refuses to process withdrawal requests, manipulates trading results, charges hidden fees, blocks accounts, and harasses clients with phone calls and emails. Some clients also claim that Blissoptionsfx has stolen their money or personal information. Furthermore, some of the positive reviews of Blissoptionsfx appear to be fake or paid for by the broker itself. Therefore, the customer reviews of Blissoptionsfx indicate that this broker is not reliable or trustworthy and should be avoided.
Products and Services:
Blissoptionsfx claims to offer a variety of trading instruments, such as forex, binary options, stocks, indices, commodities, and cryptocurrencies. However, these products and services are not verified or confirmed by any third-party source or platform. Moreover, Blissoptionsfx does not provide any details about the trading conditions or specifications of these instruments. For example, it does not disclose the spreads, leverage, commissions, fees, or minimum deposit requirements for each instrument. This makes it impossible for traders to compare Blissoptionsfx with other brokers or to make informed trading decisions.
Location:
Blissoptionsfx claims to be located in Decorah, Iowa in the United States. However, this location is not verified or confirmed by any official source or document. Moreover, this location is inconsistent with the phone number and email address provided by the broker. The phone number has a country code of +1 (USA), but an area code of 612 (Minnesota). The email address has a domain name of .com (commercial), but a top-level domain of .fx (foreign exchange). These discrepancies suggest that Blissoptionsfx is hiding its true location or identity and may be operating from an offshore jurisdiction or a virtual office.
Customer Service:
Blissoptionsfx claims to offer 24/7 customer support via phone, email, live chat, and social media. However, these channels are not responsive or helpful at all. Many clients report that they cannot reach Blissoptionsfx by phone or email and that their messages are ignored or deleted. The live chat feature on the website is also offline most of the time and does not provide any useful information. The social media accounts of Blissoptionsfx are also inactive or nonexistent. Therefore, the customer service of Blissoptionsfx is poor and ineffective.
Conclusion:
Blissoptionsfx is a forex and binary options broker that is not regulated, transparent, or reputable. It has many red flags that indicate that it is a scam or a fraudulent operation. It does not provide any information about its regulation, trading conditions, products and services, location, or customer service. It also has many negative customer reviews that reveal its unethical and illegal practices. Therefore, we advise you to stay away from Blissoptionsfx and to choose a licensed and regulated broker instead.
