Blackrocktrade Key Facts
🔴 Blackrocktrade offers questionable investment opportunities – a clear sign of a scam!
🔴 Blackrocktrade forges crucial contact information – beware!
🔴 Blackrocktrade lacks a license for the provision of its services – a huge red flag!
🔴 Blackrocktrade's domain has been registered only recently – another off-putting detail!
Blackrocktrade products and services
Blackrocktrade provides investment plans with return rates of upwards of 1.5% on a daily basis. This is impossible for anyone to achieve, of course – Blackrocktrade is simply running a scam and trying to pocket as many deposits as it can.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Blackrocktrade company and regulation
Blackrocktrade is not a licensed company – it does not claim to be one either, but considering the fact that it handles investments, we would expect it to be regulated by at least one regulatory body.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Blackrocktrade address and contacts
Blackrocktrade provides us with the following address line – 12 Throgmorton Avenue London Ec2n 2DL. There is no way for it to have an office there, not without UK regulation.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Blackrocktrade website info
Blackrocktrade is operating on a domain that has only been around since November 2020 – this makes it quite recent. The website is quite unpopular too – SimilarWeb does not list it due to the low traffic it receives. There are not many more obvious scam signs than these two. The owners of the domain have also concealed themselves from WhoIs lookups – they have done so in what is another breach of the principles of transparency.
The domain is hosted on the 199.188.206.78 IP address – along over 2000 others, with none connected to Blackrocktrade as far as we could tell at the time of writing.
Scam warning
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.