In this review, we will describe why you should avoid Richbitoils.
Is Richbitoils Legit ?
Richbitoils is an unregulated Investment Company similar to Tradefx247, which we reviewed earlier. Problem with unregulated Investment Companies is that they are not reliable and abuse the regulations. Make sure to stay away from this Investment Company as they are anonymous and that they can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection.
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 investment 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 it is a dangerous Investment Company to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity Theft, experiencing many more problems consequently.
Are Funds Safe with Richbitoils ?
With such lack of information and Richbitoils being unregulated, funds are not safe. Security of funds is a huge problem with unregulated Investment Companies. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about this Investment Company.