Aave Blockonomi assures that it is a regulated and established broker that we can trust with all our money. However, fact checking reveals that the contrary is true. This is yet another example of a well-known fraud scheme that targets people with little or no experience in financial markets. Let's look at the reasons why Aave Blockonomi should be avoided.
First, you should check the website of a forex broker to see which legal entity it is run by, where it is located, and what regulatory oversight it is subject. A comprehensive set of legal documentation is required for licensed companies.
The Aave Blockonomi website welcomes us with the claim it has been licensed by Malta Financial Services Authority for seven years.
The footer of the website says that P24O Ltd, the owner, is based in the USA and is regulated by the US Financial Services Authority.
There is no such regulatory institution. To be able to operate as a forex broker in the United States, a company must register with the Commodity Futures Trading Commission and be a member the National Futures Association. There is no P24O Ltd among NFA members.
P24O ltd is a fake name that has been popping up behind a lot bogus brokers we’ve seen – FxbinaPro and Yokohama Fx Global as well as Prime24 Options, Ultimatebitcash and Sprint OptionTrade. The MFSA database contains several warnings about P24O ltd being an unlicensed company.
Aave Blockonomi belongs to a whole network of fake brokers. It would be a mistake to trust your money in such a website. You should seek the advice of a licensed broker who is licensed in your jurisdiction.
Depending on where you live, it’s a good idea to choose a company that is regulated under an institution like the Commodity Futures Trading Commission CFTC in the US, Australian Securities and Exchange Commission , UK Financial Conduct Authority or another EU regulator such as the Cyprus Securities and Exchange Commission .
These brokers offer protections to their clients, such as segregation of client funds from broker funds and negative balance protection. Brokers in the UK and EU must participate in guarantee programs that cover a portion of the trader’s investment in the event of insolvency. These guarantees can be up to 20 000 EUR in Europe and 85 000 GBP for the UK. The likelihood of such bankruptcy is low, however, because regulators have high net capital requirements for companies – EUR 730 000 in UK, Cyprus and AUD 1000 000 in Australia, and at least 20,000,000 USD in the United States.
Aave Blockonomi claims that they offer MetaTrader 5 (MT5) to clients, the most popular trading platform in the industry. But that’s a lie. We don’t have access to MT5 and any other trading software after we sign up for an account. Aave Blockonomi does not have the legal authorization for brokerage services. It also doesn’t have the technological capability.
You can always seek out a regulated broker. The vast majority offer MT5 and the still popular MT4. You will be able to access the most advanced features of these platforms without worrying about being scammed. These platforms are highly preferred by most brokers around the globe due to their powerful automated trading capabilities.
The Aave Blockonomi website has descriptions of many types of trading accounts. They are split into “weekly” or “monthly” – this is not the case with real brokers.
Aave Blockonomi promises a spread less than 2 pip, which is comparable with industry averages. Aave Blockonomi doesn’t even have a functioning trading software, as it has been stated. Other forex trading parameters, such as leverage, are not covered on the website.
We also see promises of bonuses. This is further evidence that Aave blockonomi cannot be licensed to operate in the United States or any European Union country. Brokers are prohibited from using bonus, promotions, and prize games by all major financial regulators.
Minimum deposit is $300 USD A starter account could be opened with a licensed broker for a much lower amount.
The logos for many popular payment methods are displayed on the homepage of this website, including Neteller , Skrill, Visa, MasterCard and MasterCard. The only option in the deposit menu is to send a Bitcoin amount to the designated Bitcoin wallet.
Another hallmark of financial fraudsters is the use of cryptocurrencies to pay their bills. This is because cryptocurrency transactions give the fraudster anonymity while allowing the victim to claim a refund. This list contains licensed brokers who accept cryptocurrency along with other transparent payment methods.
Aave Blockonomi doesn’t provide legal documentation so it is not clear what traps the fraudsters might have set. Fake brokers can make it difficult to withdraw money due to high fees and conditions that are impossible-to-fulfil.
Even for experienced investors who use the services of trusted brokers, trading in financial instruments can be a risky venture. Newcomers are at risk of being tricked by scam websites pretending to be brokerages. These websites are run by clever scammers who promise easy profits. These scammers will often promise to take care all aspects of your investment. Some even use real trading platforms to fool people into believing that your money is actually being invested. After you have invested a small amount, they will convince your that you are already making amazing profits and encourage you to invest more.
Your money is not invested, so you won’t see the promised returns. You will be shocked to learn that it is impossible to meet minimum trading volume requirements. Hidden fees can amount to tens or hundreds of percent of your funds. Scammers use fake names and offshore companies that have not been regulated and controlled to hide their identities, making it difficult to hold them responsible.
You can request a chargeback if you find yourself in a similar circumstance. This is only possible if the transactions were made with a debit or credit card. This can be done by Visa or MasterCard within 540 days. These claims can be disputed if the scammers have provided proof of identity such as an ID or proof that you are a resident of the country. The bank wire transfer and cryptocurrency transactions are not refundable.
You should inform authorities in your country about the scammers’ activities and warn others online. Do not believe anyone who promises to return your money in exchange for an upfront payment. This scam is well-known and all testimonials from satisfied customers are fake.
| Aave Blockonomi |
| Aave Blockonomi deposit |
| Aave Blockonomi legit |
| Aave Blockonomi review |
| Aave Blockonomi scam |
| Aave Blockonomi withdrawal |
Aave Blockonomi is an anonymous financial swindler. If you cannot get your money back, contact us for assistance with the recovery procedure.
The company says it takes one day to process the request, but the time necessary for the funds to appear in the bank account varies. Quite vague.
No, since Aave Blockonomi broker has no regulation. Your funds are not safe with this scam brokerage.
Broker provides only a proprietary web trader for its clients, desktop and mobile.
