In this review, we will describe why Gov.bid is a scam that you should avoid at all cost !
Is Gov.bid Legit?
Looking at Gov.bid website, it shows that they are owned by GB Contract Trading. Gov.bid is an unregulated investment company. Problem with unregulated investment company is that they are not reliable and abuse the regulations. Make sure to stay away from this unregulated investment company as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known investment company, you should be able to find easily who is the CEO of this 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 Gov.bid is a dangerous investment company to deal with.
Are Funds Safe with Gov.bid ?
With such lack of information and Gov.bid being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is Gov.bid is withholding vital information to users.
Gov.bid could go bankrupt from one day to another since there are no banking information about this investment company.