BN93 Review – Scam Broker That Preys on Inexperienced Traders

As of May 2023, the broker (Bn93.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is the BN93 Crypto Trading Scam?

BN93’s main page presents itself as a reliable, safe and stable crypto exchange. The company claims that it offers hundreds of crypto pairs that can be traded against USDT.

All other sections of the site require registration. This is unusual as you can’t even view trading terms without registering.

You will be confused if you ignore this issue. We cannot find any information about BN93 regulation, owner or legal jurisdiction anywhere. The Terms and conditions page has been blocked due to an error. Similar error occurs for other legal documents.

We found a regulatory warning that indicated that the website is able to onboard residents of the European Union. ESMA, however, has strict rules regarding crypto trading.

Leverage for digital currencies can only be used at 1:2 due to high volatility. The BN93 broker does not provide any information about trading conditions. This means that you could easily become trapped with higher leverage and lose all of your investment in seconds.

Please contact our team if you have any information about the BN93 scam.

BN93, an anonymous cryptocurrency trading platform. This website was blacklisted in Spain and Belgium as a pyramid scheme.

Official Warnings against the BN93 Broker Scam

We found warning about the BN93 trading fraud. The Belgian regulator added bn93.com to its list of pyramid schemes sites in November 2022.

Spanish CNMV published the warning on the same day. This is a serious matter that should be taken seriously. Regulators typically respond to complaints. This is why BN93 can’t be trusted.

Are BN93 Scam Victims Living in Canada?

According to complaints, most victims of BN93 come from:

• US
• UK
• Belgium
• Portugal

According to the GoDaddy WHOIS database, the website was active as of the 4th November 2016. This website has been active since November 4, 2016. It is a scam with a long history. We hope your report will help us to call regulators.

You are invited to review our scam broker reviews for Wilton Options, Alchemy Markets and EvoCapitals. Their investment offers seem too good to be true, for those who don’t know!

How does this fraudulent company find victims?

It’s not possible to view any trading details on the broker website without leaving your phone or email. This is how people become a target. They are enticed to visit the site by fraudulent crypto marketing campaigns that promise millions of dollars in a matter of hours.

Broker employees then start calling and offering promotions. They promise new coins, trading strategies that work, bots and many other things.

If the plan is successful and you deposit the requested amount, you’ll have access to account managers. These boiler-room agents will be in touch via Telegram @BN2566, as well as “private” WhatsApp accounts. They will press you to deposit more money and show alleged “community results.”

A company has also set up social media accounts including a LinkedIn profile. This allows them to scam people. Agents message potential prospects directly, or advertise business via comments, asking for customers to join.

This is why FSMA designated the entire fraud as a pyramid scheme.

Trading Software Available on Supported Trading Platforms

The BN93 trading platform can be described as a WebTrader. However, the invitation code is required to access the platform even after registration. This is so that brokers can evaluate you before you are able to access it.

After asking their questions, they will be able to estimate the amount they can extract from you and create a “financial strategy” accordingly.

Access to third-party trading platforms like MT4, MT5, or cTrader is not available through the brokerage. Each one has a large number of TAs, and offers a customized interface.

What trading assets does BN93 offer?

BN93 only offers one trading asset – cryptocurrencies. Digital pairs are available for clients to trade, including:

• BTC/USDT
• ETH/USDT
• EOS/USDT
• BCH/USDT, etc.

This cannot however be verified if you don’t have access to the platform.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

BN93: Video

Below you will find a short video about BN93. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about BN93!