Bendigo Introduction to Bendigo Coins Review:
Bendigo Coins offers trade in a variety of tradable assets such as commodities, shares, indices, etc. Claiming to be the best in the market, Bendigo Coins brags about how they have stood on top of the industry since the beginning. However, all these lies quickly shattered down when we saw the number of red flags raised against Bendigo Coins. The red flags are what differentiated the scam brokers from the regulated brokerage firms. Some of the common red flags present in the scam brokers are Not having a license, offering huge leverage, giving false promises, and other attractive offers that sound too good to be true. If you are here with the intention of knowing whether Bendigo Coins is a scam broker or a legitimate one, read the full Bendigo Coins review. If you have been scammed by Bendigo Coin, stay tuned till the end for we have a solution for you too.
Name: Bendigo Coins
Address: Not Disclosed
Minimum Initial Deposit: $250
About Bendigo Coins:
In this section, we will be revealing all the red flags raised against Bendigo Coins in this BendigoCoins.com review.
BENDIGO COINS IS UNREGULATED
The first and the most important red flag raised against Bendigo Coins is that the company does not have a license from any of the regulatory authorities around the world. Upon checking on their website, we found out that Bendigo Coins does not even reveal their address. This is very suspicious as to why would a brokerage firm not disclose their address. Not revealing their address and not having a license certainly raises doubts and questions on the legitimacy of Bendigo Coins’ broker.
HIGH LEVERAGE OFFERED
On top of not having a license, Bendigo Coins offers very high leverage to their customers. The brokerage firm offers leverage up to 1:500 to their customers which is as much as 10 times higher than the leverage that is generally offered by the regulated brokerage firms. This raises yet another red flag in this Bendigo Coins review that points us to the BendigoCoins.com scam.
HIGH MINIMUM INITIAL DEPOSIT
The minimum initial deposit demanded by Bendigo Coins is also very high and strengthens our doubts about Bendigo Coins being a scam. For the most basic account that is offered to the traders, Bendigo Coins demands a minimum initial deposit of $250. You must know that the minimum initial deposit demanded by regulated brokerage firms usually lies below $10. The minimum deposit of Bendigo Coins starts from $250 and goes to $50000 which is huge.
Conclusion: Is Bendigo Coins really a scam broker or legitimate?
To sum up, all that has been stated above, we leave it upon you to decide whether Bendigo Coins is a scam broker or a legitimate one. However, we must warn you that Bendigo Coins is a potential scam and is unregulated. If you have been scammed by Bendigo Coins, file a complaint and we will assist you in fund recovery.
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