In this review, we will describe why your funds are not safe with BenefFX.
Is BenefFX Legit ?
BenefFX is an offshore broker owned by Optium LTD. This broker is located in the Marshall Islands, a popular offshore zone. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with BenefFX.
Are Funds Safe with BenefFX ?
With such lack of information and BenefFX being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is BenefFX is withholding vital information to users.
BenefFX could go bankrupt from one day to another since there are no banking information about this broker.
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BenefFX Review: our Conclusion!
BenefFX is an offshore broker. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
BenefFX Scam Review
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Website URL : www.beneffx.com
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Type of Scam : Offshore Broker
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🚨 FCA Warned Against Unauthorised firm - Beneffx
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🚨 24/01/2023 : Ontario Securities Commission Warned Against Beneffx
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🚨 29/05/2023 : British Columbia Securities Commission Warned Against Beneffx.com
Thank you so much for the review about the benneffx. I wasn’t scammed coz I was searching first the review about this institution. You enlightened me. God bless you…
Thank you for the review. Today I had been contacted by Beneffex representative and I feeled very skeptical about it. Now I am clear about them beying a scam.thank you souch
BenefFX is a scam !
Is normal to have to pay upfront to get money owed by you. I have USD 10’049.00 in my trading account with Beneffx and in order to draw that money I have to pay 18% upfront. Is this a normal practice.