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Abstract:Since Bazaar FX is not regulated and some users report problems with account locking, withdrawals and support, it is a very dangerous place to trade. Fraudulent accusations reduce further trust in the company. For their protection, traders are advised to use regulated brokers over Bazaar FX.
The Bazaar FX online platform from the UK promotes itself as a broker where users can trade NSE (Futures & Options), MCX, forex, US stocks, indices, cryptocurrencies and Comex. Yet, the company has faced criticism after numerous users complained about its services, support and supposed fraud.
A review by a user described Bazaar FX as “great cheater” and cautioned people not to trust Bazaar FX with their funds. It points out that the lack of accessible support is a serious challenge for any trading platform.
The next day, Bazaar FX asked the trader to provide their registered ID or mobile number. There is no indication whether the issue was addressed properly, as the response sounds generic.
Additionally, another user labels Bazaar FX a “fraud app,” claiming it steals their money without allowing them to withdraw. After that, the trader stated that the company responds in a random manner and only to help its image, without providing real support. After a bit they repeated that Bazaar FX did not reply to their messages or emails, saying the company only seemed concerned to improve their image.
Time and again, Bazaar FX asked for customers‘ contact details but didn’t offer a solid answer, confirming the view that their support was lacking.
Others also felt the same way, mentioning the poor services and impolite behavior of the staff. A review was published saying the customer service is poor, mentioning that staff did not respond and claimed that the platform wants you to lose your money.
Many similar complaints show that there are problems in how Bazaar FX handles customer service.
Bazaar FX, an entity based in the UK, functions without proper regulation. WikiFX gives Bazaar FX a grade of 1.23/10 and alerts users that this broker has not received any proper regulation. Users are urged to keep in mind the dangers involved!
The platform indicates that the license might be questionable and the businesss activities might be unrestricted, marking it as risky because it is not governed properly by financial regulators like the FCA in the UK.
Being unregulated and facing allegations of withdrawal difficulties, unanswered requests and suspicious activity, Bazaar FX is regarded as very risky to use. According to customer reports, many accounts are locked and the support team does not help. People who trade money should stay away from Bazaar FX and use regulated companies that are honest and reliable.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.