ByStockIndex Review – Is ByStockIndex a Scam Broker?
- Website: https://www.bystockindex.com/
- Website Availability: Yes
- Address: 48 Warwick Street, London, W1B 5AW
- Warning: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status:
- Name BYSTOCKINDEX.COM
- Registry Domain ID 2902824489_DOMAIN_COM-VRSN
- Registered On 2024-07-26T20:00:15Z
- Expires On 2025-07-26T20:00:15Z
- Updated On 2024-08-19T17:07:49Z
ByStockIndex Warning Signs That Shouldn’t Be Ignored
ByStockIndex introduces itself as a group of developers in the cryptocurrency industry, with over six years of experience earning steady cryptocurrency income. The company claims to offer a revolutionary AI-based robot, ByStockIndex -Trade, that allegedly profits daily by predicting Bitcoin market trends. However, upon further investigation, serious red flags become evident.
Claims vs. Reality
- ByStockIndex – PROFESSIONAL TEAM marketed its products as a leading market in cryptocurrency.
- It boasts of a UK LEGAL REGISTRATION and a membership certificate from Companies House (CH).
- However, CH is a business registrar, not a financial regulator.
- The Financial Conduct Authority (FCA) issued an official warning against ByStockIndex on March 26, 2025, for operating without proper authorization.
Key Issues with ByStockIndex
Poor Website Trust Score
- The total trust score used for this site is 1 out of 100; this is a typical rating for notorious fraudulent sites.
- The design of this website is practically similar to many known scam sites.
No Regulatory Oversight
- ByStockIndex remains unregulated by financial authorities.
- Investment through the platform does not entail any legal protection.
Fake Claims of Legitimacy
It has been made clear by the FCA that ByStockIndex does not possess the required authorization to provide financial services; therefore, having a CH certificate on display does not authorize ByStockIndex to operate legally in the financial sector.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with ByStockIndex, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the ByStockIndex or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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