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    Negative

    Billionext

    • The Virgin Islands The Virgin Islands
    • 2-5 years
    • Scam Brokers
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

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    • Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands
    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free

    Broker Information

    Company Name

    Billionext Global Limited

    Phone of the company

    --

    Customer Service Email Address

    --

    Company address

    Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands

    Pyramid scheme complaint
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    This platform is a Ponzi Scheme. Please stay away! 4
    2022.05.23

    This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!

    The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

    Unable to withdraw

    unprofessional and malicious platform

    They keep pushing you to put more money but you can't withdraw money, you get a bonus when you deposit money. Besides having fintrack/ org file a class action that will see you get your money it is actually impossible to withdraw from the system if you accept the bonus from Billionext Global Limited.

    FX3071480497

    2022/5/20 22:14:34

    United States
    Brokers South Africa is on the verge of a significant interest rate increase.

    According to experts at the Bureau for Economic Research, South Africa is likely to witness another interest rate hike next week, albeit it may be greater than originally expected (BER).

    WikiFX
    2022/5/20 10:46:18
    South Africa is on the verge of a significant interest rate increase.
    Brokers Load shedding, floods, reduced global economy, and the war in Ukraine have all harmed the Rand

    As a result of the breakdown of two more generating units yesterday, Eskom increased its rotating power cuts to Stage 4, extending load shedding until Friday morning. In the best-case scenario, the power utility predicted 37 days of load shedding, but the worst-case scenario could see the country without electricity for 100 days this winter. Load shedding is expected to cost the South African economy R500 million per stage a day in 2022, as economic activity comes to a halt during power outages.

    WikiFX
    2022/5/20 5:52:16
    Load shedding, floods, reduced global economy, and the war in Ukraine have all harmed the Rand
    Brokers WHY DO NIGERIANS LOSE MONEY IN FOREX TRADING? - EQUITI NIGERIA COUNTRY MANAGER

    "In order to curb forex scams, Nigerians must start viewing forex trading as a talent, not a get-rich-quick scheme." People must be patient in order to see their investments increase." These are the remarks of Emmanuel Okwara Jnr., Equiti's Nigerian country manager. The worldwide FX market is the world's largest financial market, with an estimated daily trading volume of around $7 trillion.

    WikiFX
    2022/5/18 8:42:16
    WHY DO NIGERIANS LOSE MONEY IN FOREX TRADING? - EQUITI NIGERIA COUNTRY MANAGER
    Brokers Best Ten ECN Forex Brokers in Nigeria today

    Forex trading has become increasingly popular in Nigeria today. Many foreign brokers have seen the potential of the youthful population of this country who prefer quick and easy money-making business and sought to extend their services within the country. Given our preference for ECN brokers over other rest, we have provided a list of the most popular ten brokers operating in Nigeria today as well as the Wikifx rating for these brokers.

    WikiFX
    2022/5/17 8:53:26
    Best Ten ECN Forex Brokers in Nigeria today
    Brokers WikiFX Review: Be careful with your money while investing in Billionext

    Recently, Billionext has become a trending topic in forex markets. WikiFX made a comprehension review on Billionext to help you better understand this broker. This platform is a Ponzi Scheme. This broker has been verified to be illegal and all of its licenses have expired, moreover, it has been listed in WikiFX's Scam Brokers list.

    WikiFX
    2022/5/16 7:36:02
    WikiFX Review: Be careful with your money while investing in Billionext

    Billionext

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Billionext
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    Billionext · Company summary

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    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.