The Dark Truth

Untrustworthy broker.

Withdrawal issues.

Fake credentials.

High fees.

Welcome to the Bemo Investment Firm LTD review, where you will find the answer to the question of whether this broker is a scam or not. It is a brokerage company specializing in margin CFD trading, offering its services to traders from various countries. However, it can already be said with certainty that the platform does not inspire trust and appears extremely suspicious.

The author of this article is: Francisco Voight

Main Drawbacks

It is impossible to register an account without a promo code.
There is no license.
The actual legal address is unknown.
The period of operation is too short.
There is a lot of fabricated data on the website.
Fake positive reviews on the internet.

An Expert Analysis of Broker Trading Terms

Now I will consider the trading conditions offered by thus platform. I will find out whether they are profitable and competitive or not, and I will also try to identify potential red flags.

An In-Depth Look at Account Types

On bemoinvestmentfirmltd.com, you can see a standard range of tariff plans, created according to the typical scam principle of ‘pay more money – get better conditions’. There is no demo account available, so traders need to invest real money just to test the service. Beginners will not be particularly happy with these conditions, but the broker does not offer any alternatives.

So, the company has developed five types of accounts:

Test. The minimum deposit is €100. Clients have access to leverage of 1:100, spreads from 0.8 pips, low commissions, and only the forex market.
Beginner. At least €2,000, spreads from 0.6 pips, commodities become available.
Standard. From €10,000. Spreads from 0.5 pips, cryptocurrencies and stocks are added to the list of assets.
Corporate. From €150,000 – the difference from Standard is only in more favorable Bid/Ask spreads.
VIP. Individual conditions.

The leverage of 1:100 clearly indicates that this so-called broker cannot have a license, as regulators prohibit offering such a high multiplier. The scammer also hides the size of the commissions, and this is unlikely to be accidental.

Commissions and Fees

Deposits and withdrawals at Bemo Investment Firm LTD are available through two methods: credit/debit cards and cryptocurrency. The company promises not to charge fees for deposits and withdrawals, but it is unclear if it is true. I already mentioned the trading commissions above; they are not specified, only marked as “low”. The broker clearly wants to hide the true terms of cooperation.

Bemo Investment Firm LTD Trading Platform Review

To test the terminal, you need to create an account. However, the company does not allow this, since at the time of creating a personal account you are required to enter an invitation code, which I do not have. The only option left is to believe what is written about the trading platform Bemo Investment Firm LTD on the official website, although this is quite a foolish endeavor. Because intermediary brokers are often misleading when describing their software.

The company calls its platform Number 1, but it is hard to agree with that. It is also mentioned that it is WebTrader, but there are no links to download applications from the official App Store or Play Market. Therefore, it is unlikely that the terminal has versions for smartphones or PCs.

The terminal is not described in detail. Either they forgot to describe the functions and options of the platform, or they are deliberately not doing so. Definitely, it is a serious drawback, as clients need to know what kind of software awaits them and what the platform represents.

Is This Broker Legitimate?

Now I will move on to the most important part. It is necessary to analyze the broker’s activities and check for the presence of a license and the registration of a legal entity.

Verifying a Company’s Claimed History

The official website mentions the company’s founding date as 2008. However, this looks like fake data because there are too few bemoinvestmentfirmltd.com reviews on the internet. Moreover, the domain of the official website was registered on April 29, 2024. How could the company serve traders without a website?

Key Legitimacy Checks

The footer provides information about the headquarters in Dubai and the date of regulation in 2008, but the license number is not provided. In Dubai, brokerage companies are overseen by the DFSA, so it is necessary to check the register of this financial commission.

In the DFSA, I found a company named Bemo Investment Firm LTD, which received a license under the number F000624. However, there are some discrepancies:

I have already found out that the platform was launched in 2024, not in 2008.
The phone number in the register is 971 4 323 0565, which differs from the number listed on the broker’s website.
The company has its own website – bemobank.com. As you can see, this is an entirely different website.

What conclusion can be drawn? Scammers appropriated someone else’s registration data and licenses and started using them on their fraudulent website.

Other Red Flags

Broker Bemo Investment Firm LTD not only has a short operational history and deceives users by providing a fake license and legal address, but also has other red flags.

The company lies about its cooperation with 20+ liquidity providers. There are no liquidity providers here because it is just an ordinary dealing desk. In other words, client orders are not sent anywhere; they are processed within the trading platform, which means there is a conflict of interest. It is not recommended to cooperate with such types of brokers.

Is Customer Support Reliable?

There is an email, and two phone numbers (one even from the United Kingdom), but no online chat. Will the support staff respond via email or not? Why can’t the company connect an online chat so that traders can quickly contact the staff and ask the necessary questions?

Trader Feedback

Reviews of Bemo Investment Firm LTD can provide insights into what is happening inside the platform. I managed to find several comments from traders sharing their experiences with the broker. Some have problems with order execution; it is slow. Another client complained about issues with the terminal’s operation; sometimes access was interrupted, charts did not display, and tools and settings reset. However, the most common situation is the refusal to withdraw funds. The organization does not allow money to be withdrawn, and users have no way to get a refund.

Is Bemo Investment Firm LTD Worth Your Trust?

I hope that I have helped you realize how dangerous this company is. I want to believe my article was not created in vain and that it has helped many users avoid falling into the scammers’ trap and save their money.

FAQ

The broker is refusing to withdraw my funds, claiming I need to pay a commission upfront. What should I do?

Scammers often resort to this scheme. They ask for additional fees to extract even more money from the victim. However, you should not pay the fee, as you will only give more of your funds to the fraudsters. An honest and verified broker will not ask for a fee to approve a withdrawal request.

The broker insists that all negative reviews online are fabricated by competitors. Who should I trust?

Do not believe such words. The review provides sufficient evidence of the Bemo Investment Firm LTD scam. You always have the opportunity to independently check the registrations, licenses, and domain creation dates, and ensure that the company is not what it claims to be. Negative reviews are based on irrefutable arguments and the real experiences of those who have suffered at the hands of scammers.

What steps should I take if I have already sent money to this company?

If you have sent money to the scammers, try to submit a withdrawal request. Perhaps a miracle will happen, and the fraudsters will allow you to withdraw at least part of the deposited funds, but this is highly unlikely. Under no circumstances should you send more money. Do not believe what the scammers say. This also applies to chargeback services, which often work together with illegal brokers. Try seeking help from law enforcement authorities.