1000pip Builder has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Tradingpitsignals.com. We’ve received over 6 complaints against 1000pip Builder.
The lack of regulation, as demonstrated by 1000pip Builder, indicates potential fraud and the operation’s likely unlawful. Unlicensed investing services can vanish without a trace because they are not regulated. Victims have no recourse or authority to address complaints since 1000pip Builder lacks a regulatory authorization. Always check a company’s regulatory and licensing status to ensure there are backup plans in place if problems develop.
Get Your Money Back From These Scammers!
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In the booming world of online Forex trading, the attraction of big profits can drive traders to firms that overpromise and underdeliver. One such example is the 1000pip Builder, which provides real-time trading signals from an experienced trader named Bob James.
This service targets traders of all skill levels, promising extensive trade analysis, exact entry points, and strategic stop losses. However, charges have been made that it is a fraud, with the primary goal of deceiving consumers and siphoning money under the premise of confirmed, high-performance trading tips.
As appealing as these offers may sound, potential consumers must proceed with care and conduct comprehensive research to avoid falling victim to such sophisticated scammers.
The lack of regulation or the presence of poor regulation is a huge red flag. It means 1000pip Builder is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of 1000pip Builder, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Some users think that the $97 per month membership fee is too high, especially since there is no free trial or demo. People who want to see how well the service works without committing to paying for it right away see the lack of a preliminary trying option as a problem.
The 1000pip Builder and its founder, Bob James, don’t have a lot of information known about them outside of their website. This lack of information about the organization’s history and leadership makes it less clear, which makes some potential users wary.
1000pip Builder has said that it does not offer business plans, but there have been times when people were tricked by fake Telegram groups that looked like the service. Users have been tricked by these groups, which have advertised fake investment possibilities.
Some people also don’t like how the trading methods used aren’t explained in detail. Users have complained that the descriptions of the methods used are too general and vague, which is not enough for people who want to learn more about how the trade works.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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There are both confirmed and unverified negative reviews of the service on sites like Reddit and different Forex forums. Many positive reviews praise the service’s performance and customer service. These reviews, which question 1000pip Builder’s performance and customer service, add some doubt, though it’s hard to be sure that they’re real.
Even though these reviews are negative, it’s important to remember that 1000pip Builder has also gotten a lot of good reviews. These compliments usually focus on how well the signs work, how good the customer service is, and how knowledgeable Bob James is. As with any service, people who might use it should think about both the pros and cons, comparing claims with data that has been independently checked to get a full picture.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like 1000pip Builder tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust 1000pip Builder reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of 1000pip Builder, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like 1000pip Builder enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “1000pip Builder reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising 1000pip Builder.
You should always look out for consumer complaints. In the case of 1000pip Builder, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about 1000pip Builder? You can share your complaint in the comment section or submit an anonymous tip.
1000pip Builder is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind 1000pip Builder can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust 1000pip Builder?
All the evidence suggests that 1000pip Builder is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.