Warning: Is Bummery FX Group a Scam?

Is Bummery FX Group (bummery.com) a Scam?

We investigated Bummery FX Group (bummery.com) and found disturbing issues.

Bummery FX Group claims to be a investment firm, but it is currently unlicensed by any top-tier authority, like the ASIC or CySEC.

Money Stuck in Bummery FX Group?

If you believe you have been tricked by Bummery FX Group, act now. Fill out the form below to talk to our recovery team for a no-obligation assessment.

Is Bummery FX Group Safe?

Bummery FX Group runs without oversight.

Trading with unlicensed firms is extremely risky. Legitimate firms are always authorized with bodies like the SEC, ASIC, or FCA for your protection.

Bummery FX Group operates without this protection. As a result, there is no legal recourse if they keep your funds. Most online scams involve unlicensed actors, and getting back funds from them is hard without professional assistance.

For instance, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of SIPC, meaning your capital is at risk.

How Bummery FX Group Might Scam You

Investment fraud is evolving. Scammers use social engineering to take wealth. Below are typical tactics used by brokers like Bummery FX Group (bummery.com).

Dating App Scams

"Pig Butchering" is a brutal tactic where scammers groom victims over weeks. They fake a romance on social media. Once trust is built, they mention a secret crypto opportunity. It's a trap to lure you onto a scam site like Bummery FX Group.

The "Bonus" Trap

Scammers create websites that look exactly like real trading apps. They have charts and balances that increase. But it is a simulation. The scammer controls the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• Unregulated: The company has no legal registration.
• High Returns: They guarantee 1% daily returns with no risk.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" first.
• Aggressive Sales: Agents pressure you to deposit more.

Do not trust fake reviews. Fraudulent brokers often post their own 5-star reviews to look legitimate.

Final Thoughts

Bummery FX Group is unsafe. It is likely a fraud. Protect your money and find a licensed broker. Avoid bummery.com at all costs.