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

Billionext

The Virgin Islands|Scam Brokers|
2-5 years|Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.billionextglobal.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

India 2.57

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

http://www.billionextglobal.com/
Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Billionext Global Limited

Company Abbreviation

Billionext

Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-04-18
  • This broker has been verified to be illegal and all of its licences have 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.

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

Scam website

Cannot withdraw, need pay 30% commission and cannot deduct from account. Commission told only when want to withdraw.

2021-10-03 12:26
Unable to Withdraw

Unable to withdraw and change name

Originally this platform started with the name of Intelligence Prime Capital, which was a FOREX broker that offered quite attractive returns through its bots and worked through MetaTrader4, in fact I had it audited with Myfxbook with the following link https://www.myfxbook .com/portfolio/benjas/9464704 , was accessed through the member.iprimecapital.com page, currently it is no longer possible to access it since such a page no longer exists, at first it worked quite well and could be removed without problem. As time passed in April, they told us that there was a hack on the platform that made user information vulnerable and that the bot would no longer work for a while and they would migrate us to a new bot that would work only with cryptocurrencies, by the end of that same month of April they tell us that we had to download an app in which it is a wallet and all the money from MetaTrader 4 was moved from there and migrated to a StableCoin called IUSD which to date cannot be withdrawn or moved anywhere , nor exchanged for any reason (the button is not enabled on the platform), also the alleged CMO of the company commented on twitter that those who had a problem with withdrawals should contact him and it is also the date that they have not contacted , as time passed, the MT4 account no longer allowed us to enter with the credentials and now it said that the name of the platform is billionext and no longer IPC, so I tell you about this experience to preview send to all the people who do not enter any of the 2 platforms since they withhold people's money

2022-08-20 00:09

    Billionext · Company Summary

    Note: Since Billionext s official site (http://www.billionextglobal.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

    General Information

    Billionext, a trading name of Billionext Global Limited, is allegedly a broker registered in the British Virgin Islands and established in 2015. However, actually, it is unregulated and was founded in 2019. Unluckily, we cant find other more detailed information about this broker on the Internet.

    Customer Support

    Billionext‘s registered address: Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands. However, this broker doesn’t disclose other more direct contact information like telephone numbers or email that most brokers offer.

    News

    What is a forex scam really like, and will you be the next victim?

    NewsWhat is a forex scam really like, and will you be the next victim?

    2022-06-11 11:30

    foreign exchange scams entice unscrupulous operators to make speedy money. While many once-popular scams have diminished away owing to the Commodity Futures Trading Commission's (CFTC) aggressive enforcement efforts and the founding of the self-regulatory National Futures Association (NFA) in 1982, some historic scams persist, and new ones maintain cropping up.

    WikiFX
    2022-06-11 11:30
    News
    What is a forex scam really like, and will you be the next victim?
    ACCORDING TO ANALYSTS, THE LINGERING FX CRISIS IS HARMING STOCK MARKET GROWTH

    NewsACCORDING TO ANALYSTS, THE LINGERING FX CRISIS IS HARMING STOCK MARKET GROWTH

    2022-06-09 16:05

    Experts have repeated demands for the Federal Government (FG) to implement a strategy to address the country's extended volatility in the foreign currency (forex) market in order to stimulate stock market, present uptrend, listed enterprises' profit

    WikiFX
    2022-06-09 16:05
    News
    ACCORDING TO ANALYSTS, THE LINGERING FX CRISIS IS HARMING STOCK MARKET GROWTH
    High Forex Scarcity forces Nigerians to keep their earnings abroad: Investors cry out loud.

    NewsHigh Forex Scarcity forces Nigerians to keep their earnings abroad: Investors cry out loud.

    2022-06-06 16:12

    Nigerian investors and business moguls have called on the Federal government to reconsider its policy on Forex Market which has created more scarcity for dollars in the exchange market and increased the exchange rate drastically in recent times. Speaking on this, the Founder of Stanbic IBTC Bank Plc - Atedo Peterside had called on the Nigerian government to create a level playing field to attract investment into the country.

    WikiFX
    2022-06-06 16:12
    News
    High Forex Scarcity forces Nigerians to keep their earnings abroad: Investors cry out loud.
    ACCORDING TO THE REPORT, NIGERIA'S FOREX SITUATION WOULD IMPROVE

    NewsACCORDING TO THE REPORT, NIGERIA'S FOREX SITUATION WOULD IMPROVE

    2022-06-05 12:00

    The monetary authority is well placed to relieve foreign currency (FX) pressures, as its coffers have been bolstered by a significant $7.3 billion liquidity - $4 billion Eurobond issue and $3.3 billion special drawing right (SDR) from the International Monetary Fund (IMF).

    WikiFX
    2022-06-05 12:00
    News
    ACCORDING TO THE REPORT, NIGERIA'S FOREX SITUATION WOULD IMPROVE

    User Reviews

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    FX1254783837
    more than one year
    This broker has been proven to be illegal, is a Ponzi scam, not subject to any legal regulation. Everyone must pay attention, do not be scammed! Trading with these scammers is nothing more than a waste of your time and money.
    2023-02-24 18:13
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    ʚ 妍 ɞ
    more than one year
    SCAM!!! I advise you to stay away, they are aggressively calling. I was interested in their services at the beginning but I am no longer interested. I told them not to call me since I do not want to make investments but they are calling again and again almost every day with different numbers.
    2023-02-15 13:43
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    0
    0
    Alex Long
    more than one year
    Please be aware that if you try to withdraw profits they will tell you that you have to pay capital gains tax or pay further money to help them satisfy money laundering regulations before your money can be transferred to you. This is part of the scam!!!
    2022-12-16 14:07
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    0
    0
    Alex Long
    more than one year
    This is a good company as long as you don't ask for your money back. Because if you do, you're going to have a problem. They will keep coming up with all kinds of silly excuses for why you can't take your money out.
    2022-12-16 14:04
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