Bemchain review – is an MLM scam or safe?

Bemchain review – is an MLM scam or safe?

Bemchain Key Features

🔴 Bemchain services are not trustworthy – a warning sign!

🔴 Bemchain is under no regulatory oversight – a red flag!

🔴 Bemchain is not transparent and has none of its contact information available – a red flag!

🔴 Bemchain creates irrational expectations – a red flag!

Bemchain Products and Services

Bemchain is a scam company that is not wroth your time or money. Its business model is described as follows:

However, the issue we take with it is the fact the firm is openly advertising an MLM scheme – these pyramid schemes have claimed the money of thousands of victims around the world. They have also been outlawed in some aspect – but it is quite easy for online scammers to simply put a new coat of paint on the scam and sell it as something new. You should know that the vast majority of people who participate in MLMs never break even – much less make a profit. The issue with pyramid schemes is that, no matter what you are promised, the wealth always funnels to the top!

What’s more, the fact Bemchain promises wildly unrealistic profit rates means the company is, at least in spirit, a HYIP! Stay away from it at all time!

HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.

That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.

Bemchain Company and Regulation

Bemchain is not a licensed firm – and it does not claim to be one either. The vast majority of scammers are not licensed either – the lack of regulation allows them to operate without needing to worry about any kind of legal action! This means you should avoid firms that are not under someone’s oversight!

The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.

In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.

Bemchain Address and Contacts

Phone number:N/A

Bemchain does not have its contacts available – this is once more a scam sign, and it is another reason to avoid the firm!

When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products. Website Info

SimilarWeb RankingNone at the time of writing
Server Country USA
WHOIS Reg. Date2021-11-20
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Bemchain is associated with other scams, as it operates on the same IP address as them. To date, we have covered the following firms that are run by the scammers behind Bemchain – avoid it and all of the firms in the table below:

WFIcorp EquityPool
Bemchain S9miners

Is Bemchain Safe?

Bemchain is not safe – the company does not have a realistic or reliable business model, it is unlicensed and not transparent in any capacity. Stay away from Bemchain at all cost – or you will surely suffer fiscal losses!

Scam Warning

Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.

The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.

As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually 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 said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.

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