How to recover your investment from BlueMax Capital – Scam Broker Review
Be on the Lookout; BlueMax Capital is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from BlueMax Capital.
Is BlueMax Capital a legit broker?
BlueMax Capital is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from BlueMax Capital.
BlueMax Capital broker relies on a number of tricks to reach their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the BlueMax Capital staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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BlueMax Capital broker Reviews
A look into BlueMax Capital Reviews on various internet forums will reveal that BlueMax Capital clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding BlueMax Capital have been drawn from various sources, it reveals a similar challenge. BlueMax Capital entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
BlueMax Capital broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by BlueMax Capital Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From BlueMax Capital Broker?
There is no easy way to recover your investment once you have sent it to BlueMax Capital. BlueMax Capital is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. BlueMax Capital constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of BlueMax Capital to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from BlueMax Capital, without going the civil action route. A number of BlueMax Capital victims have managed to recover their funds by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from BlueMax Capital broker.
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More reasons not to trust BlueMax Capital Broker
BlueMax Capital is an international broker which operates from offices in Belize, Hong Kong and the United Kingdom. It offers online forex trading, commodity CFDs and precious metals on the most popular forex trading platform, MetaTrader 4.
The company behind the brand, BlueMax CapitalGlobal Ltd., was originally approved by the International Financial Services Commission (IFSC) of Belize as a brokerage / advisory / advisory service provider (list H), but did not renew it in 2019.
IFSC-approved companies must have at least $ 500,000 in tangible net assets and keep client funds in separate accounts.
Although it provides regulated status, the IFSC exercises very liberal control over forex brokers. His supervision focuses on the promulgation of regulations and a binding code of conduct. Little attention is paid to compliance verification, reporting and ongoing monitoring. So keep this in mind if you intend to invest in a registered broker in Belize. In addition, the chances of recovering your funds in the event of fraud or bankruptcy are close to zero.
Please note that BlueMax Capital does not appear to be a typical offshore scam brokerage – it does not offer any bonuses to attract clients (and urge them to trade large volumes with high risk exposure in order to be able to withdraw them) , and it has a rating of 4 stars on the Forex Peace Army forum.