BIG MO Review: Protect Yourself from Potential Risks
Is BIG MO a Reliable Broker or a Potential Risk?
BIG MO is a new broker advertising itself as offering access to more than 150 financial instruments, including Forex, CFDs, and commodities. It offers competitive features like low spreads, high leverage (up to 1:400), and MT5 trading platform. But a thorough BIG MO review brings into question the broker’s integrity and security.
BIG MO Broker Overview
- Website: https://bigmofx.net/
- Website Availability: No
- Address: SYNO-63/3B, Chinagadili, Gopalapatanam District, Vishakhapatanam:- 530027, India
- Warning Notices: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
BIG MO Review: Key Findings
Regulation and Licensing Concerns
- No Valid Regulation: BIG MO claims that it is registered with the Comoros Union’s Autonomous Island of Mwali (Moheli). Investigations reveal that BIG MO CAPITAL LTD is not fully regulated by any recognized financial authority and is a suspended entity.
- FCA Warning: On February 19, 2024, the UK’s Financial Conduct Authority (FCA) issued a public warning against BIG MO for offering services without authorization.
Without proper regulation, there is no protection for traders’ funds, making it a major red flag in the BIG MO review.
Website and Trust Issues
- The site (https://bigmofx.net) is not working at present.
- WHOIS data is masked, suggesting an effort to hide ownership.
- A large number of scam-associated sites share the same server.
- Trustpilot rating: 2.0/5 with negative reviews dominating.
- Trust score: 1/100, showing a highly risky platform.
These issues show that BIG MO is neither transparent nor trustworthy.
BIG MO Review: Additional Risks
- Incomplete Website: Several pages are missing or unavailable.
- New Company: Established last year and has no proven track record.
- Suspicious Practices: Negative customer complaints regarding withdrawal problems and inadequate customer support.
Conclusion: Is BIG MO Safe?
From this detailed BIG MO review, it is obvious that BIG MO is an unsafe broker. It runs unregulated, has an inoperational website, and possesses a bad reputation on the internet. Investors are urged strongly to shun BIG MO and opt for regulated brokers from well-known financial regulators for enhanced security and peace of mind.
Take Informed Action
If you are a victim of BIG MO or another broker scam, then take action. Contact us for a free consultation to find out more about your options and start the recovery process.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
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