The ibinex.com cryptocurrency exchange domain has experienced frequent changes in ownership, and with each transition, the quality of their service has deteriorated. Currently, Ibinex operates as an unregulated crypto exchange, lacking any reassuring elements on their website.
Discover essential insights on identifying and steering clear of fraudulent crypto exchanges as we delve into our comprehensive Ibinex review.
Ibinex’s Murky History
Over the course of its domain’s decade-long existence, Ibinex has changed ownership multiple times. Curiously, none of these companies have left any legal footprint, save for their registration in SVG. While Ibinex was once a member of The Financial Commission, their membership was revoked in 2019.
Presently, the domain is under the ownership of Xshop OÜ, a legally established entity in Estonia. However, this firm lacks the licensing from FI or FIU that would designate it as a regulated service provider. This raises significant doubts about the legitimacy of this financial service provider. Our search in the AUSTRAC register yielded no results for their alleged license.
Without a valid license to vouch for the company’s reliability and credibility, there’s a considerable risk to your funds – a situation mirrored by other illicit entities like ProfiStocks.
Ibinex’s Presence on Social Media
Ibinex.com was initially launched in 2011, targeting services towards countries such as the United Kingdom, Bulgaria, Brazil, the Philippines, and India. Ibinex embarked on an extensive viral advertising campaign, actively maintaining profiles on nearly every available social network. These platforms served as hunting grounds for Ibinex’s boiler room agents seeking out new victims.
While most of these profiles have since been deleted or sold off, the exchange still maintains a presence on Facebook, LinkedIn, Lusha, and Telegram.
Drawing parallels, Ibinex can be likened to a bottomless pit. Regardless of how much capital you invest, you’ll find no returns. Withdrawals are prohibited, making it crucial to seek assistance from our experts for recovery.
Deceptive Online Reputation
Given Ibinex’s extensive history, it has garnered significant attention on various review platforms like TrustPilot, SiteJabber, reviews.io, and even Reddit. Many of the testimonials are in fact fraudulent, posted by networks that sell reviews. The prevalence of 1-star ratings, however, exposes the true intentions of these scammers.
It’s imperative not to overlook these red flags. Swiftly retract your funds from Ibinex and reach out to our legal professionals for assistance with an ibinex.com chargeback.
Conclusion
Ibinex’s history is marred by a series of ownership changes, leaving a trail of legal ambiguity. Despite being registered in SVG, none of the associated companies have left a significant legal footprint. The revocation of their membership in The Financial Commission in 2019 further underscores concerns.
Presently, the domain is under the ownership of Xshop OÜ in Estonia, yet lacks the necessary licensing from FI or FIU to establish itself as a regulated service provider. This raises significant doubts regarding the legitimacy of Ibinex as a financial service provider. The absence of a verified license leaves funds at risk, echoing the perilous situation with other dubious entities like CoinEx VIP.
Ibinex’s extensive presence on social media platforms served as a hunting ground for their agents, reminiscent of a bottomless pit where investments yield no returns. Withdrawals are prohibited, emphasizing the urgency of seeking professional assistance for recovery.
The online reputation of Ibinex is fraught with deception, with numerous fake testimonials posted across various review sites. Genuine 1-star ratings expose the true intentions behind these scams.
In light of these concerning findings, it is imperative to swiftly withdraw funds from Ibinex and consult our legal professionals for assistance with an ibinex.com chargeback. Vigilance and due diligence are crucial when navigating the landscape of financial services, especially in the face of entities with questionable practices.
Comments