Blix Group review

Read our Blix Group review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a Blix-Group.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Blix Group is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Blix Group in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Blix Group Review Conclusions

Making the Blix Group review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Blix Group review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If anyone knows the true identity of the staff and location of the Blix Group, please get in touch with us.

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.


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3 COMMENTS

  1. Hello, I think I have just been scammed by Blix Group. I’m stupid I know but Blix Group sent me what looked like a Daily Mirror page with Ben Shepherd and Kate Garraway piece stating how easy it was etc. I should have known. I’m allegedly an intelligent professional. But this was so convincing. The initial deposit didn’t seem that much at £200 but about two hours later I got a call from Kayne Harver who did some other checks etc. Took some more personal details. Then about an hour later got a call from Thomas Santini. I sell for a living. I love selling but I tell you what, hard sell? It was more like concrete hard sell. First off I had to install Anydesk which gave him complete access to my laptop. Yes I know it should have been a red flag.

    Then it came. He wanted £2500!!!! I have it but I wasn’t going to give it as the advert alleged that you could make money from the small deposit I’d made. I told him under no terms was I going to give him that amount. He got angry and asked if I was serious about making money or was I a little girl?

    I agreed to £1000 but would have to make a bank transfer from another bank. He said he would wait on the phone whilst I did it online. I told him that I need to use another mobile phone to do it and he said, “look it’s not like I’m asking for a kidney or anything. I just want us to make money.” I’d asked him to slow down several times as he was talking too fast and I couldn’t really understand the French accent and words he was speaking so quickly.

    He then went onto another site Royal Coins. I asked him what he was doing but he was so fast. I actually had to ask him several times to slow down. By now I’m pretty sure this is a scam. I saw your review but I have to be honest and wonder if your website was a scam too that was connected? They say they are based in Switzerland. Probably not.

    I now have a laptop that I can’t use as I know he has had me download a program that means that whenever I go on he can remotely access all my details and saved passwords. There are some other reviews that seem legitimate. Am I being too cautious. A case of if it seems to be too good to be true, it probably is. I’m going to contact Kate Garraway and Ben Shepherd as I’m sure they don’t know they are being used for a Scam.

    I feel so bloody stupid. I did ask the first and second guy on the phone what the next one would be talking to me about and strangely enough neither of them could tell me. (By now I’m getting warning signs.)

    I’ve cancelled the cards and need to inform the bank. But I guess it’s a hard lesson. It could have been worse. It could have been thousands. Again I’m not even sure this is a real website and it makes me want to come offline.

    So Blix Group. I doubt I’ll see my £224 pounds again and I’m sure some people will think it’s not a lot of money but to us it is. So can you imagine how I’d be feeling if I’d given the £2500 he asked for?

    So in short, I’ve lost £224 and I’ve had to cancel my cards and

    Rating: 1
  2. It happened the same to me… i deposit 1000 eu but Mr David Stone ( broker from Blix Group) told me to invest another 1000 eu to trade BTC.
    I make the second deposit as he told me but this time he went to another site: Royal Coin
    After 1 40 days i realize something is wrong and i ask for the withdrow but not way to get the money back .
    Stay away from them, they are SCAM

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