Caution! Bari-M is an offshore company! Your funds may be at risk.
Bari-M.com Key Facts
🔴 Bari-M.com fraudulently claim to hold Belize license to sell financial products and services. Red flag!
🔴 Bari-M.com refuse to disclose important information about themselves. Red flag!
🔴 Bari-M.com is a highly unpopular website. Disturbing sign, given the bald claims they make!
Bari-M.com registration, license and regulation
Bari-M.com is purportedly run by Bari Markets, a Belize incorporated company. They claim to hold Belize and Mauritius licenses, but we found nothing in both regulators registers. Bari-M.com is a fraudulent entity falsely introducing itself as a legit enterprise, which it isn’t. We urge traders and investors to avoid such shady entities and trade with duly authorized companies complying with the world’s different regulations.
Each broker presented in US have to be an NFA member and registered with CFTC.
The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.
The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.
Bari-M.com address and contacts
Bari-M.com is allegedly headquartered at 2497 APT. Chetumal St, Belize City, Belize. Our research showed it’s a hotel with no office spaces, so we can confirm Bari-M.com has only a nominal presence in Belize. The contact number is +5012583841.
Bari-M.com website information
Bari-M.com is a domain name registered at 01.08.2016 by GoDaddy.com, LLC with a UK IP address 22.214.171.124. We found no other websites sharing the same IP.
Alexa doesn’t even index Bari-M.com, so it’s highly unpopular a website, which is a disturbing sign given their claims to be a world-famous financial brand.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.