Caution! Basebitinvestment is an offshore company! Your funds may be at risk.
RECOMMENDED FOREX BROKER
Basebitinvestment Key Features
🔴 Basebitinvestment’s services are questionable – a warning sign!
🔴 Basebitinvestment isn’t licensed – a red flag!
🔴 Basebitinvestment isn’t transparent – a red flag!
🔴 Basebitinvestment creates unrealistic expectations – a red flag!
Basebitinvestment Products and Services
Basebitinvestment is one of those entities waving too many red flags. And the first ones appear straight from the very beginning – Basebitinvestment simply can’t provide any trustworthy information about its services. They start pretending to be a Forex broker, but then, out of a sudden, they promise guaranteed weekly/monthly returns, artificial intelligence solutions, merchandising opportunities and so forth. Bear in mind that the legitimate Forex brokers can only provide access to leveraged CFDs trading, they cannot promise guaranteed returns. Indeed, the indication that customers can earn guaranteed weekly profits suggests that Basebitinvestment is an HYIP programme, but it’s not even that! HYIPs at least provide information about the rates customers can expect. In any case, Basebitinvestment is too fishy to consider legit, and we can tell it right away after a look at their services! Beware!
HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.
With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.
Basebitinvestment Company and Regulation
Basebitinvestment lies big time about regulations. They pretend to be regulated by the British FCA, the German BaFin, the Netherlands’ AMF and so on. In truth, Basebitinvestment isn’t even registered as a company, so it can’t in any way be regulated by FCA or BaFin. And we can tell it just because of some alleged aspects of the so-called broker – it claims to provide leverage of up to 1:1000, a ratio that was already prohibited by the aforementioned financial authorities! Needless to say, Basebitinvestment’s services are unregulated, meaning that all deposits made will be exposed to significant risks. And before we continue, we’ll note the major red flag – no regulation, false and potentially fraudulent information provided!
The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.
The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.
Basebitinvestment Address and Contacts
|Address:||Exon Tower, 71 Lamprou Konstantara, Kato Polemidia, 4527, Limassol, Cyprus – false|
Basebitinvestment’s address is false. The so-called broker is not there, so once again we caught them red-handed, lying about their actual location. So, under the circumstances, we should note yet another red flag – false information and a lack of transparency!
Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!
Basebitinvestment.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-09-29|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Basebitinvestment Safe?
Basebitinvestment is not safe! We exposed it as a scam in this review, so make sure to avoid it, or you’ll lose money to fraud! We can promise that your funds will be stolen if you deposit with Basebitinvestment!
For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.
Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.
The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.
stay away from basebitinvestment, Lisa Elizabeth Henshaw is the one gathering people to the website via facebook. Now she has changed her name to Lisa Eliz Albert (https://www.facebook.com/elizbethenshaw), she post almost on a daily basis for people to invest. YOU WILL NEVER BE ABLE TO WITHDRAW your money if you invest with her so called “COMPANY”. There’s only a whatsapp number to chat with her so called “company”. All she gives is excuses.
I’ve chatted endelessly with basebit support in regards to my withdrawls, never a straight answer, always some excuse and to be patient. The site never updtates, whatever money you have in your portfolio is all manipulated to make it seem your earnings profits. Just stay away from this site, is no good.