Bemo Investment Firm LTD boasts of exceptionally rapid trade execution, zero trading commissions, and extremely narrow spreads. Unfortunately, very often scammers hide behind this wording. Is this the case here? Let’s check by studying the broker’s website and reviews about it.
Brief Overview
- 🖥Official Website: https://www.bemoinvestmentfirmltd.vip/
- ✈️Contact Address: Unit 109, Level 1, Gate Village 1, PO Box 506671, Dubai, UAE
- 📞Customer Support: [email protected], +441294620177, +97145864607
- 🔐Licensing and Accreditation: DFSA
- ⏳Track Record: 2024
- 🧰Specialization: trading
- 🤝Terms of Cooperation: leverage up to 1:100, deposit from €100
- 💰Additional Services: referral program
Bemoinvestmentfirmltd.vip Examination
The website is remarkably simple, consisting of a template that can be found many times on the Internet. There is no detailed description of the company or its founders. Additionally, the News section is empty when accessed through the side menu. These factors raise serious concerns about the firm’s trustworthiness, making it a risky choice for entrusting funds.
Company Contacts
Bemo Investment Firm LTD claims to have been registered in Dubai since 2008. While the regulator’s database does indeed list this company, it’s curious that there was no public record of its existence until 2024, when the official website was launched.
Furthermore, there is limited information available regarding the company’s contact details. There is uncertainty about the reliability of the broker’s phone and email contact details. A common practice among similar organizations is to evade contact with potential clients, neglecting to return calls or emails.
Key Conditions
Clients are offered extremely competitive spreads beginning at a remarkable 0.1 pip and leverage options of up to 100 times the invested amount. The broker’s proprietary Webtrader terminal promises lightning-fast order execution. However, empirical evidence suggests that such platforms often exhibit slower performance. Moreover, there is a risk that Bemo Investment Firm LTD may manipulate market quotes.
The minimum deposit is €100, and five account types are available: from Test to VIP. Traders can access a diverse range of instruments, for example, currency pairs, commodities, stocks, cryptocurrencies, and indices. Higher account tiers unlock even more trading opportunities.
The firm offers a referral program, prize draws, opportunities to meet leading investors, and a registration bonus. The latter is particularly concerning as it may be a disguised form of credit that clients are obligated to repay.
Exposing Bemo Investment Firm LTD
We have established that the company only emerged in 2024, a fact that itself is highly indicative of fraudulent activity. New organizations with a short operational history are more likely to cease operations abruptly, as they have little to lose. The use of falsified corporate information further supports this conclusion. While a company with the same name as the hero of our review exists at the provided address, its registration date is 2020, not 2008 as claimed by the broker or 2024 when it actually appeared. Consequently, there is no evidence of regulatory oversight.
The presence of TeamViewer and Anydesk logos on the website is another red flag. Cybercriminals often employ remote access tools to infiltrate clients’ devices, falsely claiming to provide training. Their true goal is to steal sensitive financial information to defraud victims before any money is invested.
What Reviews Do Users Leave?
Despite being relatively new, Bemo Investment Firm LTD has garnered a substantial amount of negative feedback, including video testimonials, raising concerns about its reputation. Some individuals have had direct experiences with the company and can confirm its fraudulent nature. While there are websites that feature exclusively positive reviews, these ones appear to be fabricated and lack credibility.
Conclusions
Based on our findings, we strongly advise against engaging in any business dealings with this broker. Since this is an unlicensed, newly established company, the risk of fraudulent activities is significantly elevated. The implementation of remote desktop software intensifies these anxieties. It is prudent to select a well-established broker with a proven track record to mitigate financial issues.
Pros/Cons
- Low barrier for new market entrants.
- Negative and likely fabricated reviews.
- Lack of registration and licensing.
- Proprietary platform.
- Short operational history.
- Malicious software is used to steal data.
I am a victim of a fraudulent scheme. I deposited a substantial sum of money at bemoinvestmentfirmltd, but was unable to withdraw any funds. The trading platform was unreliable and experienced frequent crashes. My attempts to contact customer support were met with indifference and a lack of assistance. I am exploring legal options to recover my losses and hold this company accountable for their actions.
I lost all my money with these awful fraudsters!!! I was initially attracted by their low fees and promises of high returns, but it turned out to be a scam. I tried to withdraw my funds, but they kept making excuses and delaying the process. Eventually, I realized that I was never going to get my money back. I would strongly advise anyone to stay away from this company…
this company extracted more than 20,000 Canadian dollars from me, each time saying that I had topped up and would get my money back. I have been talking to them since May. I have more than 40+ funds in their account. but again they ask for money to close the account. which is blocked, as if it were my fault. if it’s a scam why is this site still working?