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Bilaxy appdownload6/3/2023 ![]() Always check that the company is indeed on the records of the specified regulator and that the domain used is among those officially approved for the particular broker.ĭepending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission ( CFTC) in US, Australian Securities and Exchanges Commission ( ASIC), UK’s Financial Conduct Authority ( FCA) or some EU regulator like Cyprus Securities and Exchange Commission ( CySEC).Ĭlients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds. When choosing a broker through which to invest in the financial markets, you should not only make sure that all the information required by law is available, but also that this information is true. Also neither these two companies nor the domain can be found in the Seychelles Financial Services Authority (FSA) database. Their names are only visible in images uploaded to the website, so their misuse cannot be detected by internet search engines. These are existing companies, but both have nothing to do with the Bilaxy EX website. These documents show the names of two different companies – Newport Ex Pty Ltd and Xingang Exchange Limited. Meanwhile, on the same page we see images of multiple purported licenses to operate in Australia, the US, Canada, Singapore and British Columbia. The “About Us” section states that the unnamed company is registered in Seychelles. It also lacks any contact information – the only way to contact the people behind this website is via live chat. The main page of the Bilaxy EX website does not even list a company name or address. When you visit the website of a legitimate financial services provider, you can expect the index page to include detailed information about its legal and regulatory status. Therefore, it is in your best interest to avoid Bilaxy EX. ![]() Bilaxy EX is obviously one of the many online scams trying to capitalize on the hype around Bitcoin and people’s desire for easy riches. Therefore, we have no reason to believe the claims that this is a secure and well-established cryptocurrency trading exchange. ![]() Open trading accounts with at least two brokers.īilaxy EX is an anonymous, poorly designed and un-functional website full of contradictory and incorrect information.
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