BomexBit

BomexBit presents a simple and straightforward website experience that one would take for a legit interface, were it not for some of the signs stating otherwise, But for the typical retail investor, some of these hints might not be so obvious, and this is where we come in. This was not a hard company to pin down; BomexBit gave it all out in a matter of minutes. It just pays of to know where to look.

The only piece of information that we were able to trace down was a single statement in the legal docs, claiming that the broker is a legal entity registered according to the laws of the USA. This is an utter lie, for the US FX rules are the strictest in all of the world, not to mention that there are some heavy duty regulation on all crypto exchanges (BomexBit is a self proclaimed crypto exchange).
In the US, in order to offer any trading service you must pass by the CFTC and NFA, two agencies that are said to be unbreakable and incorruptible. Each wanna-be broker must first pass a pedantic framework consisting of hundreds of requirements, including tens of million of dollars in stable capital, rules concerning money laundering, requirement of proving reports on practices, and so much more. None of these requirement has been covered by BomexBit, nor will it ever be!

BomexBit is definitely unregulated, and a risk to all, not to mention the typical scam!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We could not open an account because the registration area claimed that our email as already used, meaning one of two things: either the broker doe snot think we are worth the effort, or the process itself is broken.

According to the site, the only assets for trading are crypto-based. The leverage is 1:100, which is way too high for a crypto broker, considering that most crypto leverages are around 1:3. Last but not least, there is a commission based on the turnover the user has made in that month. The client can check this out, but this types of requirement are illegal with licensed entities.

BOMEXBIT LOGIN

The website claims to offer some sort of web trader, but there was not much actual evidence to work with in support of this.

And yet, we still stand without access to this platform, even though it would have helped a lot if we were given a quick view of it.

Moreover, seeing that we did not register, we had no access to a potential web trader in the user area.

BOMEXBIT MINIMUM DEPOSIT

There was no way to gather any deposit details from the user area, since we had no access to one.

That's why we turn to the website, and more specifically  the legal docs. There we find that the only way to invest is, unsurprisingly, through a couple of crypto wallets. The rule of thumb for crypto deposits still stands- all digital coin deposits are at a risk of getting stolen, and in such a case there wouldn't be a way to trace them!

We also learn of a 2.5% depositing fee for users of the Premium account. However, with scammer brokers rarely do we find a choice of accounts. Whether or not this fee applies is up for debate.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

BOMEXBIT WITHDRAW TIME AND FEES

As is common for many unregulated brokers or self-proclaimed exchanges, BomexBit clearly reveals that there is a withdrawal commission but beyond a mention the firm does not give any further details. Clients might even be fined for trying to withdrawal, which is even a bigger blow than losing all invested capital, because this fee is an additional slap to the wallet.

It takes up to 72 hours to process a withdrawal, but we do not encourage anyone from testing this claim out. Unregulated brokers very rarely pay out money, and when they do it is usually under pressure from some authority.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

BomexBit is a definite risk to all. There is no reason to deposit here, and all you can do that makes sense is to close the website down, and move on.