247BLISSFOREX: A Fraudulent Broker Preying on Investors

The cryptocurrency trading space is increasingly plagued by fraudulent brokers looking to exploit unsuspecting traders. One of the latest names to surface in this growing list of scam brokers is 247BLISSFOREX. This broker presents itself as a legitimate trading platform, promising lucrative returns and seamless transactions. However, the reality is far from these claims.

Registered under the domain 247BLISSFOREX.com in May 2024, this entity is a recent and unregulated scam broker that has already started defrauding investors. The main issue with 247BLISSFOREX is its predatory withdrawal policies. Victims report that once they deposit funds, the broker either blocks withdrawals outright or imposes a series of unreasonable fees to prevent customers from accessing their money. This review will examine why 247BLISSFOREX is a scam and how victims can take action against them.

247BLISSFOREX.com: A Fraudulent Operation

From the outset, 247BLISSFOREX operates like a typical scam broker. It lures traders with promises of high returns, low fees, and advanced trading tools. However, once investors deposit funds, they quickly realize that withdrawing their money is nearly impossible.

Red Flags of 247BLISSFOREX

1. Unregulated Status
   • 247BLISSFOREX operates without any financial regulatory oversight. Legitimate brokers are required to hold licenses from regulatory authorities such as the U.S. CFTC, UK FCA, or Australian ASIC. However, this broker has no such accreditation, making it unsafe for traders.
2. Recently Registered Domain
   • The domain 247BLISSFOREX.com was registered in May 2024, a clear indication that the company is new and likely a short-term scam operation. Most scam brokers operate for a few months before disappearing and rebranding under a new name.
3. Fake Promises of High Returns
   • Like many scam brokers, 247BLISSFOREX markets itself as a profitable trading platform where traders can generate high returns with minimal risk. However, legitimate trading always involves risks, and any platform promising guaranteed profits should be approached with caution.
4. Withdrawal Issues and Excessive Fees
   • Victims report that when they attempt to withdraw their funds, 247BLISSFOREX either blocks their requests or demands excessive fees. These include hidden withdrawal fees, verification charges, tax payments, and account maintenance costs, all designed to prevent users from accessing their money.
5. Unresponsive Customer Support
   • Another warning sign is the unresponsive or unhelpful customer support. Many traders complain that once they deposit money, support representatives either ignore their requests or provide vague responses, further complicating withdrawals.

How 247BLISSFOREX Defrauds Investors

The fraudulent tactics used by 247BLISSFOREX are similar to other unregulated brokers. Here’s how they scam investors:

1. Initial Deposit Scam – Investors are encouraged to deposit funds with the promise of significant profits.
2. Trading Manipulation – Some users report that the broker manipulates trading results, making it appear as though they are making profits to entice more deposits.
3. Withdrawal Denial – When investors attempt to withdraw, they face restrictions, including unrealistic fees, verification delays, and arbitrary account suspensions.
4. Additional Fees – The broker demands additional payments under the guise of taxes, compliance fees, or anti-money laundering checks before allowing withdrawals.
5. Account Lockout – In the final phase, accounts are often locked or deleted, preventing victims from recovering their funds.

How to Recover Funds from 247BLISSFOREX

If you have fallen victim to 247BLISSFOREX, there are steps you can take to recover your money:

1. Report the Scam – Victims should report the broker to financial regulators, consumer protection agencies, and scam-reporting platforms such as RadleyFinance.com.
2. Seek Professional Help – Services like RadleyFinance.com specialize in helping victims recover lost funds from scam brokers. Their team can assist in tracing transactions, filing complaints, and increasing the chances of fund recovery.
3. Initiate a Chargeback – If you deposited funds via credit card or bank transfer, contact your bank or card provider to dispute the transaction. Explain that you were scammed and request a chargeback.
4. Warn Others – Share your experience on social media, online forums, and review websites to help prevent others from falling into the same trap.

Final Verdict: 247BLISSFOREX is a Scam

There is no doubt that 247BLISSFOREX is an outright fraudulent broker. It operates without regulation, restricts withdrawals, imposes fake fees, and manipulates investors. If you are considering investing with this platform, avoid it at all costs. Victims should take immediate action by reporting the scam and seeking recovery assistance from RadleyFinance.com.

The cryptocurrency industry is filled with both legitimate and fraudulent platforms, making it crucial for investors to conduct thorough research before depositing funds. Always verify a broker’s regulatory status, read user reviews, and be cautious of platforms that promise guaranteed profits. By staying informed and vigilant, you can protect yourself from scams like 247BLISSFOREX and safeguard your investments.