B2Gain – The Alarming Facts about the Broker

B2Gain

A google search will reveal that there are literally thousands of online brokers offering their services to those who wish to engage in online trading. If you check out a couple of them, you will end up confused about which company to opt for. This is due to the fact that every company claims to be the best and advertises professional and reliable services. You will be left indecisive and in this confusion, people often choose the first option they find. But, you have to remember that there are risks involved, as you will discover in this B2Gain review.

Just because a brokerage claims to be an authentic and reliable platform does not mean it is actually one. When it comes to the internet, anyone can claim anything and it does not automatically make it true. Unfortunately, many people fall for the promises and claims they make and have to pay a hefty price for it. You obviously want to avoid such circumstances and the only way to make it happen is to thoroughly assess a brokerage before signing up.

Yes, this means not signing up right away and taking some time to assess the broker thoroughly. It will keep you safe from losing your money and going through a great deal of stress. You will find that most of the scam victims are in a hurry and do not pay attention to the broker, due to which they have to face problems down the road. To avoid this scenario, you should be proactive from the start and this is also applicable in the case of B2Gain.

It can definitely pay off because you will discover that B2Gain is actually a very ridiculous brokerage and is not what it claims to be at all. There are some alarming facts that you will discover about the company and some of them are highlighted as follows.

Lack of licensing and regulation

The first thing you need to know about any brokerage is their licensing and regulation. Every expert you talk to will suggest that you opt for a platform that is authorized to provide its services because they can offer you peace of mind. These companies are monitored by a regulatory body and so they have to comply with rules and policies and can also be held accountable. They also have to maintain certain standards when it comes to their services.

Thus, when it comes to B2Gain, you should check its license and regulatory status. You will find that the company has made absolutely no claims about regulation and this is already an alarming sign. Moreover, you will find that the address on the B2Gain website puts the company in London, United Kingdom.

It is impossible for B2Gain to operate from there because the licensing authority in the region is the Financial Conduct Authority (FCA). It is one of the strictest regulatory bodies and has imposed a ban on binary options trading because of their risky nature. Yet, B2Gain presents itself as a binary options broker and claims to be based in the UK. It is not legally possible for the company to operate from there, which means it is lying about where it is based and likely operates from an offshore jurisdiction.

No trading software

The next alarming sign that you will discover about B2Gain is associated with its trading software. You should note that this software is vital for the trading process because without it, you cannot connect to the financial markets. In addition, it allows you to execute your trades and provides the tools that are required for making decisions.

There are different types of platforms that can be found and each has its own features and tools, but what you get depends on the broker. This is where you will come to know that B2Gain does not have a trading software at all. It means that the broker is not offering the one feature that is vital for its services, which confirms that it is not an authentic company at all.

What they offer is a chart in lieu of trading software at B2Gain and it cannot be used for opening and closing trades. Moreover, the chart is actually available online for free and you do not need to open an account with the broker to gain access to it. The purpose of this chart is to just create an illusion of a trading software in order to fool people.

Absence of trading conditions

The trading conditions offered by a broker are another one of its important offerings because they directly affect your profitability. When you decide to engage in online trading, it is a given that you want to make the most returns and the conditions that a brokerage offers can determine how much you make.

These conditions include leverage and spreads and you want to find the lowest spreads and suitable leverage that is in accordance with your risk tolerance. But, B2Gain does not offer any trading conditions, which is also alarming. However, it makes sense as the broker does not have a trading software available. Thus, even if it did offer any spreads or leverage, they would not matter because you cannot do any trading.

No refunds possible

In order to start trading, you have to make deposits in your trading account with a broker and this means you need to choose a payment method. The options available can vary from broker to broker and you want to find a convenient one that allows you to make your deposits quickly and safely. In yet another alarming sign, you will find that B2Gain only supports bitcoin payments.

Why is this alarming? It is so because crypto payments are final and untraceable. They are not eligible for a chargeback or refunds, which means that once you have deposited with B2Gain, you cannot get your money back. There are no other payment options offered by B2Gain.

Conclusion

These alarming signs tell you that B2Gain is not an authentic or reliable brokerage and you need to avoid it altogether.