Blisscryptotrading is an online Forex and CFD trading platform offering a variety of trading instruments, including forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. Although the platform claims to have 23 years of financial trading experience, there are many doubts regarding its background and regulatory information.
Company Background and Registration Information
The Blisscryptotrading website claims it is a UK-registered company with registration number 10263501, and states it has 23 years of financial trading experience.
Upon investigation, the UK Companies House shows that registration number 10263501 actually belongs to CRYPTOX LTD, and the company faces a proposal to be struck off.
Moreover, the website's "ABOUT US" page claims that the platform was established in 2013 in Australia, but this historical content almost completely matches that of TMGM's website, suggesting plagiarism. More importantly, its domain name blisscryptotrading.com was registered on February 15, 2024, which clearly contradicts the claimed company history.
Trading Platform and Account Types
Blisscryptotrading offers four account types: BRONZE PACKAGE, SILVER PACKAGE, GOLD PACKAGE, and PREMIUM PACKAGE. The minimum deposit requirements for each account type are as follows:
- BRONZE PACKAGE: Minimum deposit of $1,000, maximum deposit of $9,999;
- SILVER PACKAGE: Minimum deposit of $10,000, maximum deposit of $29,999;
- GOLD PACKAGE: Minimum deposit of $30,000, maximum deposit of $114,999;
- PREMIUM PACKAGE: Minimum deposit of $115,000, with no upper limit.
All account types offer short- and long-term investment options, with the base currency being the US dollar. The platform provides IT support and allows hedging. However, the platform does not clearly specify the deposit and withdrawal methods, processing times, or whether there are any fees, leading to uncertainty for investors when evaluating the platform.
Trading Instruments and Services
Blisscryptotrading provides CFD trading on forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. Notably, the platform does not specify the trading software in use; users can only trade through its proprietary web-based system. This approach may affect the platform's transparency and operational reliability, especially for investors unfamiliar with the platform, potentially increasing operational risks.
Regulatory Information and Legal Status
Blisscryptotrading claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (FSC).
However, the Australian regulatory number provided by the platform, 436416, could not be found on the ASIC website. In fact, this number belongs to TMGM's registered entity Trademax Australia Limited. Similarly, the Vanuatu regulatory entity Trademax Global Limited is also a subsidiary of TMGM.
Company Address and Employee Information
The platform claims its company address is at 71-75 Shelton Street, Covent Garden, London, UK. A search of the UK Companies House indicates many companies registered at this address, but none are related to Blisscryptotrading.
Additionally, the platform's claimed employee information, such as CEO Kimberly Gram and finance manager Selena M Sancho, matches those of the scam platform Legal Fx Trades Mining, using publicly available images, thereby failing to verify the authenticity of these individuals.
Website Design and Traffic Analysis
The website design uses templates similar to those of several scam platforms like betalivetradepro, Firstgaininvestments, and Smartgaininvestment.
According to Semrush data, the platform's average monthly traffic is under 100 visits, indicating virtually no user access. These signs suggest that Blisscryptotrading has little market influence and struggles to earn investors' trust.
User Reviews and Brand Exposure
There are no user reviews or news reports about Blisscryptotrading available online. The platform has very low brand exposure and lacks a real market presence, missing a foundation of user trust.
Contact Information and Social Media
The platform offers only two email addresses for communication ([email protected] and [email protected]) and does not have accounts on mainstream social media like LinkedIn, Facebook, Instagram, or Twitter. This lack of effective social media channels increases the risk of the platform's lack of transparency.
Risk Report
- Credibility of Company Background: Blisscryptotrading's registration information contradicts its claimed background, indicating plagiarism and inconsistencies that raise questions about its legitimacy.
- Authenticity of Regulatory Information: The platform's regulatory numbers do not appear in official regulatory body searches, making it impossible to confirm its compliance, increasing the risk of non-transparency.
- Transparency of Account Types and Investment Options: Though the platform offers multiple account types and investment options, it lacks detailed information on deposit and withdrawal methods and fees, possibly leading to uncertainty for investors during actual operations.
- Website Design and Traffic: The platform uses templates similar to known scam platforms, and traffic is extremely low, failing to attract user attention, which increases suspicions of its fraudulent nature.
- Lack of User Reviews and Brand Exposure: The platform has virtually no user reviews or news reports, lacking market credibility and brand exposure, making it difficult to prove its genuine operation.
Based on these points, Blisscryptotrading presents a high risk, and investors should remain cautious and avoid participating in the trading services it offers.
