Blue Grass Option Review – Is bluegrassoption.com a Mining Scam?

Blue Grass Option Review – Is bluegrassoption.com a Mining Scam?

Blue Grass Option Key Features

🔴 Blue Grass Option’s services are questionable – a warning sign!

🔴 Blue Grass Option isn’t licensed – a red flag!

🔴 Blue Grass Option isn’t transparent – a red flag!

🔴 Blue Grass Option creates unrealistic expectations – a red flag!

Blue Grass Option Products and Services

It’s hard to grasp what Blue Grass Option’s business is actually all about. They are allegedly a mining platform or pool where you invest your money in Bitcoin, and your investment undergoes a regular mining operation 24hrs a day, making it possible for you to increase your financial capacity. On the other hand, they offer Binary Options, Forex Trading and fixed-income investment packages – a mix of products and services that are practically illegal. Forex brokers cannot provide Binary Options and mining, while miners cannot legally offer Forex trading because they need a license etc. Eventually, after the products and services assessment, Blue Grass Option happens to be some kind of an HYIP programme advertising get-rich-quick schemes, and we urge customers to avoid it as it looks like a scam – anyone offering Binary Options is a suspected scam!

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.

Blue Grass Option Company and Regulation

Blue Grass Option fails to give detailed information about their business, we came across some fraudulent claims! Allegedly, Blue Grass Option has a market cap of almost 200 billion USD, which is a pure lie – this anonymous business creature is hardly worth more than two hundred dollars, let alone 200 billion! But anyway, there is no proof that Blue Grass Option is even registered as a company, so the scheme appears to be totally illegal or a brand of some shady international entity. Either way, we confirm that the investment service advertised is NOT REGULATED, and it’s highly recommended to stay away!

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.

Blue Grass Option Address and Contacts

Address:5 271 W SHORT ST #408, LEXINGTON, KY 40507, UNITED STATES
Phone number:+1 (606) 235-4653
E-mail:[email protected]

Blue Grass Option’s contact information is false – there is no such entity found at the address, while the phone number is fake! The lack of transparency is evident, and it triggers a major red flag! Beware!

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!

BlueGrassOption.com Website Info

SimilarWeb Ranking4,681,564 at the time of writing
IP198.54.115.217
Server Country USA
WHOIS Reg. Date2022-01-22
RegistrarNAMECHEAP INC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Blue Grass Option Safe?

Blue Grass Option is not safe! It’s an illegal investment scheme and a suspected scam! What’s more, they claim that customers should pay a 25% commission on the alleged profits, which is simply a scam! You should avoid Blue Grass Option, as your funds will be in danger if you deposit!

Scam Warning

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.

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