This BitRoxa review is going to expose another new investment strategy that claims to offer incredible returns on the Bitcoin exchanges. Potential investors are promised that somehow this brand new BitRoxa company can return an astonishingly high (uncompounded) 353% per month. Such claims must, of course, set off a few alarm bells. Sure some people have done extremely well with carefully timing their Bitcoin trading over 2017 – but are BitRoxa bitcoin trading the real deal?
There’s been a swathe of UK based cryptocurrency scams in recent months, which means we have to approach these guys with a hefty dose of cynicism. We sat back and took a long hard look at their business model, and even though we support any imaginative entrepreneur there are just too many red flags here for it to be a trustworthy website. This BitRoxa scam revealing review will explain why.
- 1 BitRoxa Review- Is It A Legit Bitcoin Trading Company Or A Scam?
- 2 The BitRoxa PTY Limited Website is designed just like a Ponzi
- 3 BitRoxa Bitcoin trading company. What did they offer?
- 4 Does BitRoxa PTY Limited Actually Pay?
- 5 The BitRoxa Limited Scam Website – Proofs are here!
- 6 → Also Check Our Recommended Systems ←
- 7 Conclusion- BitRoxa results are not so impressive. Do not trade with them!
BitRoxa Review- Is It A Legit Bitcoin Trading Company Or A Scam?
Those who have been following the surprising number of fresh investment start-ups that claim to make their riches by the crypto markets will likely have heard of HouseHash. Over just a few months this year, they have been proven to be nothing more than a Ponzi scheme. Usually, it doesn’t take much to spot these but the difference is that the crooks running the HouseHash website have especially high production values. A sleek and shiny designed site that masks the fact that they provide no proof to actually having ever paid out a cent in earnings. The rage expressed by many investors would suggest that BitRoxa bitcoin trading is nothing but a scam.
The interesting thing that our BitRoxa review want to share is that, just like HouseHash, BitRoxa scam company is actually a legally registered UK based company. Scour the small print and T&Cs and everything appears to be totally legit. Unlike the vast majority of scams out there, some serious effort has been made in developing their site, and it would be easy to see why casual traders looking to cash in on the Bitcoin boom would find it attractive. As they explain on their site “BitRoxa PTY Limited is officially registered in the United Kingdom & its registration number is 11018315”. This does actually check out as being true. So why do we still reckon that there’s a very high chance BitRoxa company is a scam
The BitRoxa PTY Limited Website is designed just like a Ponzi
This is another of the confusing aspects of how BitRoxa scam BTC has been set up. They have a complicated system of ways to deposit or fund your account that really seems a little suspect. Most of the ‘legwork’ is left to the clients, all they do is recommend a series of services to open accounts with. This is not necessarily a huge problem but it does seem like their business model is potentially very restrictive on how they accept – and much more importantly – BitRoxa payout earnings. Can any of these services be trusted not to suddenly fail along the chain?Our BitRoxa review not convinced by any of them.
Even more troubling is that investing in BitRoxa scam website offers a tiered system depending on how much a client wishes to risk (and we use that word for a reason). They accept as little as $10 starting deposit for anyone interested in their ‘Starter Plan’. More interestingly is that to become registered in their other plans it becomes much more expensive ($10,000+ for ‘Advanced’ and $50,000+ for ‘Professional’ enrollments). As with any Ponzi, the higher the deposit – the more lucrative the BitRoxa return.
To put this bluntly, none of these facts should fill anyone with confidence that they aren’t being Ponzi’d. Just like HouseHash they also offer a detailed BitRoxa affiliate system. It wouldn’t surprise us if this is simply a tactic being used to make genuine payouts to small-scale investors who attract higher rolling investors.
BitRoxa Bitcoin trading company. What did they offer?
This is where things become really murky. Despite claiming to employ a team of Bitcoin experts who have been trading since 2009, 7 days a week – While conducting an examination about their company, before writing this BitRoxa review, they actually seem to operate from what Google Streetview suggests is a residential address in London. Despite using glossy pictures of smartly tailored professionals across BitRoxa scam website, their mailing address is a home in a quiet suburb. Furthermore, customer support is by email only – there are no telephone numbers publically available.
Again, the question has to be – “how trustworthy are BitRoxa company”? Sure, people can run their startups from coffee shops nowadays but is it likely that a company offering staggering returns on supposedly groundbreaking Bitcoin trading would be run from a domestic property? After all, if they’d managed to make such earnings (tested their method, reaped the rewards) surely you’d expect a more professional address? Throw in the fact that their contact page is almost identical to HouseHash and this causes us very serious concerns indeed.
Does BitRoxa PTY Limited Actually Pay?
Just like any Ponzi scheme, BitRoxa scam has to pay out small increments in order to stay afloat. Considering that this is a very new investment service that likely has only so far gained only limited exposure – we can’t say for certain.
As mentioned in this BitRoxa review above, the real concern is how unnecessarily complicated they seem to make the process. This is despite offering immediate payouts of as little of a cent around the clock. It is at best contradictory, and at worst seems designed to dissuade anyone from wanting to withdraw their accumulated capital. Most likely they will pay out their referral bonuses (carefully scaled between 0.5-8%) to those who attract enough new members. By affiliate standards, this seems to us suspiciously poor value, especially for a new company, and again raises big doubts about how legitimate BitRoxa bitcoin trading actually is.
The BitRoxa Limited Scam Website – Proofs are here!
our BitRoxa review has covered a fair amount of detail here so let’s quickly recap the reasons why most people ought to be very suspicious of BitRoxa scam website:
- They provide no detail on how their scheme works, let alone a shred of evidence that it even exists.
- There are uncanny similarities to other recently released services that have been exposed as scams.
- Unrealistic earnings potential, even when Bitcoin is booming.
- Most of their focus is on explaining a complex affiliate system that is relatively uncompetitive.
- The onus is on the client to even make a deposit, with a variety of formats that we do not trust.
- While professional, they run their enterprise from an anonymous residential site.
- BitRoxa scam website has very limited contact/support options.
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Conclusion- BitRoxa results are not so impressive. Do not trade with them!
BitRoxa BTC is a very interesting site that may just have a very extreme, outside chance of actually making someone a profit. The problem is, that there’s zero doubt that it actually amounts to little more than a Ponzi scheme. Despite Bitcoin and other cryptocurrencies having enjoyed a fantastic year, their suggestion that it is possible to earn a minimum of 3000%/month is just nonsense. The only people who will stand a chance of making that are expert affiliate recruiters with a huge network to fish from. As for trading BTC and other cryptos to earn such a return? Forget it – there’s not one bit of proof that demonstrates this is actually the case.
On a final note, the regulatory status is worth a mention. With most online investment strategy, seeking out companies who are formally regulated is a massive plus. But that shouldn’t be taken to suggest that ultimately there’s anything in the way of the people running the show just eloping with every penny entrusted to their care. In theory, this would be even easier for BitRoxa scam because they use BTC – which is not quite untraceable anymore but could be easily transferred to a more accommodating country. Ultimately we cannot reasonably recommend anything about it in this BitRoxa review. Far too risky and unrealistic for our tastes.