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Business Index 7.18
Risk Management Index 0.00
LicensesNo valid regulatory information, please be aware of the risk!
This platform is a Ponzi Scheme. Please stay away!
The Virgin Islands
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Note: Since Billionext s official site (http://www.billionextglobal.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information
Billionext, a trading name of Billionext Global Limited, is allegedly a broker registered in the British Virgin Islands and established in 2015. However, actually, it is unregulated and was founded in 2019. Unluckily, we cant find other more detailed information about this broker on the Internet.
Customer Support
Billionext‘s registered address: Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands. However, this broker doesn’t disclose other more direct contact information like telephone numbers or email that most brokers offer.
Is your forex trading experience with Billionext a disappointment? Do you have to wait for three months or more to receive withdrawal access? Feeling annoyed with constant calls from the broker executives to deposit funds? Constantly losing your invested capital because of the restricted withdrawal access? It is like a never-ending trauma for your fellow traders at Billionext, the Virgin Islands-based forex broker. In this article, we have revealed the scams its traders face. Take a look!
foreign exchange scams entice unscrupulous operators to make speedy money. While many once-popular scams have diminished away owing to the Commodity Futures Trading Commission's (CFTC) aggressive enforcement efforts and the founding of the self-regulatory National Futures Association (NFA) in 1982, some historic scams persist, and new ones maintain cropping up.
Experts have repeated demands for the Federal Government (FG) to implement a strategy to address the country's extended volatility in the foreign currency (forex) market in order to stimulate stock market, present uptrend, listed enterprises' profit
Nigerian investors and business moguls have called on the Federal government to reconsider its policy on Forex Market which has created more scarcity for dollars in the exchange market and increased the exchange rate drastically in recent times. Speaking on this, the Founder of Stanbic IBTC Bank Plc - Atedo Peterside had called on the Nigerian government to create a level playing field to attract investment into the country.
The monetary authority is well placed to relieve foreign currency (FX) pressures, as its coffers have been bolstered by a significant $7.3 billion liquidity - $4 billion Eurobond issue and $3.3 billion special drawing right (SDR) from the International Monetary Fund (IMF).
Anyone who trades the forex market without a proper understanding of the fundamental factors that move the Forex Market is a gambler. The Forex Market is ontologically designed to be an investment package for individuals, companies, and government. However, the desire to make quick money by scalpers has dented the image of the forex industry. Forex is a tool for hedging against inflation and maximizing profits. And never a place for gambling.
Speaking from my experience as an independent forex trader, I approach brokers like Billionext with the highest degree of caution. The most fundamental issue for me is the absence of valid regulatory oversight. According to all available data, Billionext operates without a recognized license, and its registration in the British Virgin Islands offers no real protection or recourse for retail traders. This alone puts any funds at unacceptably high risk. It is not uncommon to see promises of sophisticated bots or attractive returns, but what truly matters is whether a broker is transparent, honors withdrawals, and treats clients fairly. Numerous firsthand accounts from users highlight repeated withdrawal failures, unexplained changes in account access, and sudden currency conversions that leave funds locked and inaccessible. This sort of behavior signals a lack of accountability and raises red flags about potential misappropriation or outright fraud. Moreover, the migration of user accounts, changes in platform names, and the inability to get meaningful customer support further undermine any trust I might place in this broker. In my professional judgment, any platform displaying these patterns should be avoided. Preservation of capital is always my priority, and with so many legitimate, well-regulated alternatives available, I would never risk my money with a broker exhibiting Billionext’s characteristics. If safeguarding your funds and ensuring access to them matters to you, I strongly advise steering clear.
As an experienced trader, I have encountered several serious drawbacks with Billionext that I believe are essential for others to understand before considering this broker. One of the primary issues I faced was with their customer support. Trying to contact them about withdrawal issues or even general queries proved nearly impossible, as there was no clear or responsive communication channel. This lack of transparency and direct contact deeply concerned me, especially given that swift, reliable support is crucial when dealing with funds and rapidly changing markets. Beyond customer service, platform stability raised significant red flags for me. At one point, the broker changed both its name and operational platform without clear notice or authorization, which resulted in my funds being suddenly transferred from MetaTrader 4 to a separate application and then converted into a proprietary stablecoin. Since that migration, withdrawal functions became disabled, and my capital was effectively locked, with no ability to access or exchange funds. Attempts to resolve this through the broker’s channels were unproductive, and continuous changes only heightened my sense of risk and exposure. Ultimately, my experience underscores the importance of only engaging with brokers that maintain robust regulation, transparent client communication, and stable operational practices. In my view, the issues with Billionext’s support and unstable platform present considerable risks that no prudent trader should ignore.
From my experience and careful review of the available background, Billionext initially engaged clients by offering trading through MetaTrader 4 (MT4). That was the platform I used when first introduced to them, which is a standard choice among legitimate brokers due to MT4’s operational transparency and familiarity within the trading community. However, after a certain period, there were abrupt changes: the original access point for MT4 accounts was closed, account credentials ceased to work, and the company shifted activity to a custom application involving wallets and cryptocurrency. During this forced migration, the original forex functionality was lost, and the only remaining software was their proprietary app—one which, crucially, prevented any actual trading or withdrawal operations. I could not find any evidence that MetaTrader 5 (MT5) or cTrader were ever supported. Offering MT4 could have been positive, but when a broker eliminates access to a renowned trading platform and instead pushes users to a closed, in-house app while disabling withdrawals, it raises very serious concerns about trust and transparency. In my case, moving away from a widely-accepted standard like MT4 to a non-transparent proprietary solution is a major red flag; it puts customers at risk of losing functional control over their funds and trades. For anyone assessing Billionext, the bottom line for me is that, while MT4 was once supported, it is no longer available, and other reputable platforms such as MT5 and cTrader have never been an option according to my investigation. This is a clear reason to proceed with extreme caution.
Speaking as an experienced trader, I need to emphasize that in my own research and hands-on due diligence, I've found no credible or trustworthy information about any specific account types offered by Billionext. The available context makes it clear that the broker lacks transparency, with fundamental details like account structures, trading conditions, or account features undisclosed or inaccessible. In my experience, a legitimate broker typically presents detailed account descriptions—outlining aspects such as minimum deposit, leverage, spreads, platform access, and withdrawal terms—which are vital for comparing account offerings and assessing suitability for a trading strategy. With Billionext, however, not only is this information missing, but the broker’s history is deeply concerning. Users, including myself in years past, have reported being unable to withdraw funds, unexpected changes in platform names, involuntary migration to questionable in-house stablecoins, and a clear absence of responsive customer service. This pattern alone significantly undermines trust, as clear, accessible information and the ability to freely access one’s funds are non-negotiable pillars for any account type. From a risk management perspective, the combination of regulatory red flags, a lack of accountability, and persistent reports of withheld withdrawals leads me to a conservative conclusion: regardless of the purported account types, none would currently meet the minimum standards for safety or reliability in forex trading, let alone warrant comparison.
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low sw
Malaysia
Cannot withdraw, need pay 30% commission and cannot deduct from account. Commission told only when want to withdraw.
Exposure
Chile
Hi, this platform won't let me withdraw my capital. I suddenly change the name. They disable my withdrawal option. I change its name to IPC Capital. My capital disappears from Meta Trade4.
Exposure
FX1610219027
Colombia
This is my account and that is what i invested in this company it won't let me withdraw my money
Exposure
Alex Long
United States
This is a good company as long as you don't ask for your money back. Because if you do, you're going to have a problem. They will keep coming up with all kinds of silly excuses for why you can't take your money out.
Neutral
FX1779357697
Mexico
Originally this platform started with the name of Intelligence Prime Capital, which was a FOREX broker that offered quite attractive returns through its bots and worked through MetaTrader4, in fact I had it audited with Myfxbook with the following link https://www.myfxbook .com/portfolio/benjas/9464704 , was accessed through the member.iprimecapital.com page, currently it is no longer possible to access it since such a page no longer exists, at first it worked quite well and could be removed without problem. As time passed in April, they told us that there was a hack on the platform that made user information vulnerable and that the bot would no longer work for a while and they would migrate us to a new bot that would work only with cryptocurrencies, by the end of that same month of April they tell us that we had to download an app in which it is a wallet and all the money from MetaTrader 4 was moved from there and migrated to a StableCoin called IUSD which to date cannot be withdrawn or moved anywhere , nor exchanged for any reason (the button is not enabled on the platform), also the alleged CMO of the company commented on twitter that those who had a problem with withdrawals should contact him and it is also the date that they have not contacted , as time passed, the MT4 account no longer allowed us to enter with the credentials and now it said that the name of the platform is billionext and no longer IPC, so I tell you about this experience to preview send to all the people who do not enter any of the 2 platforms since they withhold people's money
Exposure
FX1779357697
Mexico
They have not allowed us to withdraw money for 3 months and they changed their platform by migrating to an app that does not allow withdrawals either
Exposure
FX3071480497
United States
They keep pushing you to put more money but you can't withdraw money, you get a bonus when you deposit money. Besides having fintrack/ org file a class action that will see you get your money it is actually impossible to withdraw from the system if you accept the bonus from Billionext Global Limited.
Exposure
FX1386604268
Mexico
This platform does not allow withdrawals since March 2022. They change the currency from usd to iusd without the consent. I change the server and name of the platform, at first it was called www.iprimecapital.com, now it has an application called ipcloud, and Billionext server.
Exposure
Paula Andrea Beltran Patiño
Colombia
Intelligence primer capital does not allow the withdrawal of the sums of money invested. In January 2022 enter with a capital of 2000 dollars. I couldn't make withdrawals. change of broker to billionext without authorization. It does not allow withdrawals for any type of Crypto and I transform the money from our accounts from usdt to iusdt, a currency that the same company created. I need help to recover my capital. invested. . none of their customer service channels respond. [d83e][dd37]. I made an investment with Criptousdt. This is my wallet link.
Exposure
Paula Andrea Beltran Patiño
Colombia
I invested 2000 dollars of capital in January 2022 to the IPCAPITAL broker. I was never able to withdraw my money and later the company suspended payments. transactions were rejected. in april 2022 switch all users to billontex without authorization. The broker disappeared and does not return my capital.
Exposure