Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Byrex Trading Company
“BYRIX” Brokerage Company had been established in the year 2004. After only 3 year on the market this broker obtained a license from the regulatory authorities of the European Union.
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We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Byrex been placed on the Traders Union Blacklist?
If you found Byrex on the Traders Union Blacklist, it means that the company does not fulfil its obligations to the clients or has already turned into a scam. The most popular reason is that the broker does not process withdrawals or the broker’s website is no longer operational.
I have an account with Byrex. What should I do if it gets blacklisted by Traders Union?
Find out the reasons from TU Support Service, and then try to gradually withdraw your money.
Byrex does not process withdrawals. What should I do?
• Get the broker to specify the reason for refusal to process withdrawals.
• File a complaint with the regulator. Submit a chargeback request, if possible.
• Contact TU’s legal service for advice. It could be possible to settle the issue.
How can I determine if Byrex is unreliable?
Here are several options:
• Check if the brokerage company has been placed on blacklists.
• Check if the broker holds a license on the website of the regulatory authority.
• Check how promptly the Support Service responds. If the responses are also or none, or not to the point, then there is a problem.
• Deposit the minimum possible amount, execute 1-2 quick trades and try to withdraw money. If the broker is a scam, its support service will try to persuade you not to withdraw money by any means.
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