Blackridge Review: Is Blackridge.com Legit or a Ponzi Scheme?

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Blackridge Review
  • Fund Safety
  • Customer Support
0.5

Summary

Blackridge is a dangerous offshore platform operating from Saint Vincent and the Grenadines. The platform provides a registration number to prove its legitimacy. However, trust with the companies operate with licenses. A registration document means little as it is easily and cheaply acquired.

Blackridge promises traders seamless trading opportunities. They brag about having multiple assets. Investors can choose from over 500 products. The platform also offers competitive trading conditions. They promise zero fees and low trading lots.

Blackridge Review, Blackridge is A Ponzi Scheme

However, it is crucial to run a thorough background check on any entity before registering. After much consideration and research, we do not recommend this trading company to investors. The scheme has multiple red flags and should be avoided.

Here is a list of some of the reputable and genuine cryptocurrency companies with reliable trading conditions. These entities have a solid trading history. Investors can also enjoy a fast withdrawal process. 

Blackridge.com Review 

Blackridge is a suspicious venture operating anonymously. The company has failed to provide information about its team. They have also not disclosed their office address. The offshore scheme is untraceable. Trusting them would be futile. 

Investment scheme requires customers to verify the account using government-issued documents. They will ask for pictures of your ID and proof of address. Do not share such information with anonymous people. They can sell the information to criminals or use it for manipulation.

Blackridge Trading Conditions and Accounts 

Blackridge promises investors access to one of the best trading platforms, the MT4. True to their words the software is available. Users can trade automatically, create customized scripts, and utilize VPOs. 

Unfortunately, the availability of a trading interface does not guarantee the legitimacy of a company. They are scammers who go overboard just to win unsuspecting client trust. The entity is allegedly trading forex, stocks, commodities, cryptos, and indices. 

Blackridge offers spreads ranging from 1.8 pips to 2.3 pips on major currency pairs. They have two trading accounts. However, they do not mention anything about the commission. However, it does not mean you should not expect some. 

The broker offers customers a leverage of 1:500. The limit is restricted in multiple jurisdictions. It is also risky for investors to trade with high leverage as it could translate to huge losses. Scammers only speak of the possibility of high profit without disclosing what high leverage entails.

Withdrawal and Deposits 

Blackridge fails to provide withdrawal and depositing formation. We are unaware of the acceptable payment method. Additionally, the platform has not provided the minimum capital requirement.

Genuine companies display multiple payment methods which may include PayPal, Skrill, Neteller, cryptocurrency, debit/credit card, and wire transfer. Scammers on the other hand will only feature payment methods that do not allow clients to conduct chargeback.

The information on the minimum amount you can cash out is also missing. There are no terms and conditions therefore it is uncertain whether the firm has any applicable fees. For what is worth stay away from this illegitimate entity.

Blackridge Regulation Status 

Blackridge is a dangerous offshore platform operating from Saint Vincent and the Grenadines. The platform provides a registration number to prove its legitimacy. However, trust with the companies operate with licenses. A registration document means little as it is easily and cheaply acquired.

The company states that investors are responsible for ensuring their jurisdiction allows them to trade with the firm. This is a common trick used by scammers. However, any investment scheme should ensure it abides by the rules and regulations of their area.

Blackridge is flagged by the Italian government CONSOB for illegally operating in the country. Investors’ funds are at risk. The entity does not provide negative account balance protection. They are also not reporting daily transactional history to the financial regulators.

Final Verdict

Blackridge is a shameless scam operating in SVG. The scheme is very exposed by a reputable financial body. Refrain from dealing with them and choose a reliable crypto broker for long-term services. 

 

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