BK-Coin Review- Is BK-Coin scam or legit?

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BK-Coin Review – Is the broker a scam or legit?

In this BK-Coin review, we aim to provide you with all the necessary information about BK-Coin Broker to help you make an informed decision.

Website – www.bk-coin.com

Address – Miami

Regulation – Unregulated

Warned By – U.S. Securities and Exchange Commission (United States)

BKCoin Management LLC Faces SEC Emergency Action Following Crypto Asset Fraud Scheme Allegations

BKCoin Management LLC, founded in 2018 by Carlos Betancourt and Kevin Kang, claimed to have $150 million in assets. However, the Securities and Exchange Commission (SEC) has taken emergency action against the company, alleging its involvement in a crypto asset fraud scheme. Among the emergency measures taken, the regulatory body has frozen its assets and appointed a receiver.

The SEC’s lawsuit claims that BKCoin gathered around $100 million from 55 individuals to invest in cryptocurrency assets. However, it has been claimed that some of the money was used for personal expenses and Ponzi-style payments.

To invest in funds wisely, it is important to conduct thorough research on the company, its founders, and the team behind the project. Watch out for any red flags or inconsistencies in their backgrounds, qualifications, or past activities. It’s also crucial to confirm that the business is consistent with the relevant regulations and laws and registered with the right regulatory agencies.

Avoid investing in companies that lack proper registration or refuse to provide proof of regulatory compliance. Remember that legitimate companies should have a transparent history and a well-defined business model.

Warning signs of BK-Coin broker

Consider the following important details:

BK-Coin allows customers to trade a variety of financial products, including FX, equities, commodities, and cryptocurrencies.
The broker states that it is headquartered in the UK and is subject to Financial Conduct Authority (FCA) regulation. The entity is not, however, registered in the FCA’s registry of authorized companies, which poses some questions about its authenticity, according to our inquiry.
We also found several negative reviews from customers who complained about poor customer service, slow withdrawal process, and suspicious trading activities.
The business’s control and leadership being kept a secret is a further red sign. We were unable to find any information about the people behind BK-Coin, which is a common trait of many fraudulent brokers.

As a result of our investigation, we are unable to endorse BK-Coin as a reliable broker. There are too many warning signs that suggest the company is a scam. We advise you to avoid this broker and look for a reputable and regulated alternative.

Victim of BK-Coin scam? File a complaint here

Our research indicates that the BK-Coin website is inactive, suggesting that the broker is not currently operating or offering trading services. We advise caution and suggest remaining vigilant in the event of any proposals.

Scam Helpers offers a range of services to help those who have fallen victim to fraudulent brokers. These services include free consultations to assess the situation, recovery services to successfully recover funds from fraudulent brokers, and legal assistance if necessary. Don’t give up on recovering your funds, contact Scam Helpers today for the justice you deserve.

Also, read TopHoodFxTrade247 review to know about similar scams.