BoxValue Review Is Boxvalue.biz Legit Or Scam

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BoxValue Review: Is Boxvalue.biz Legit Or Scam?

Boxvalue.biz Review: this is the name of a Nigerian based investment firm. They mention that they trade in Forex and Binary Option markets using the funds of clients. Is it safe to invest funds with BoxValue? Be careful with companies offering profit percentages that seem too good.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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BoxValue mentions that it is located in Nigeria but we find no mention of a regulatory commission overseeing it. Although, Forex trading is becoming quite popular in this region, we are only aware of the (NSE), Nigeria Stock Exchange, as some sort of regulatory commission. BoxValue is not mentioned among the list of dealers registered under the authority.

Since the website is quiet about any type of commission, we tag it as an unregulated broker. It is dangerous to invest funds in firms that are not under proper licensing rules. However, there is mention of 3 top Banks that are regulated in the country. Yet, these banks may not be liable if issues arise over funds.

Advantages of BoxValue

The main advantage that we found on the website are the profits promised to clients. Two types of investment portfolios are opened to clients and one gives 20% profit in 10 days while the other gives 50% in 20 days. We also came across 2% referral bonuses.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

There is also a chance to learn how to trade as the company organizes monthly seminars in different locations of the country.

BoxValue Trading Platform

On the page, it is mentioned that BoxValue is a “private trading platform”. Although, clients are not to trade themselves, it is still important to know which type of trading platform is been used. This is not revealed on the page.

We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments that are mentioned are just “forex and binary”. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

BoxValue Deposit and Withdrawal

To make deposit with the broker, clients have to do this within the 5 week days. The same thing applies for withdrawals as well. The means we find is quite unsatisfactory as it is only possible via bank deposits. Their target market seems to be only citizens of Nigeria. Interested clients are to visit any of the following banks in the country for transactions: UBA, FCMB and Sterling Bank.

This is unusual as we are used to brokers allowing transactions via: Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of ₦5,000 is required to invest with this firm. They mention that there are no charges for deposit and withdrawals and the later can be done every 5 days and completed within 48 hours. They also mention that if the company loses a trade, clients would get a refund.

Is BoxValue Licensed?

No. like we have mentioned, it does not mention any regulatory commission under which it operates. We only find an anonymous number that seems to be a registration number but we are not told from which legal entity.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To know more about this company, dial: +2348039418590, WhatsApp: +2348039418590 or Email: [email protected]

Recommendation

It is our opinion that BoxValue, as an unregulated company trading the Forex market, should not be trusted. What we see it as is a Forex trader using the funds of clients to trade the market. While this may not seem bad, our main issue is that clients’ funds are at risk and they are not told this.

Further, the Forex and Binary market is very unpredictable. The assurance of making up to 50% profit in 20 days for people is false. If you have anything to say about this company, do so in the comment section.

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Boxvalue.biz Legit?

Check if Boxvalue.biz is legit or scam

We found nothing wrong with the website.

Report was last updated 3 months ago | Update Now

Here is why we made this classification:

Check Boxvalue.biz trust rating on WOT database:

Unknown: Not Yet Rated

WOT is a browser add-on used by millions of users to rate websites and online shops.

If the site has a bad WOT trust rating it means someone had a bad experience.

If your website has a bad rating, ask WOT to review your site.

Boxvalue.biz blacklisted? Check the blacklist report below.

We scan the website with multiple domain blacklists to better find out if it is malicious.

A blacklisted website may be implicated in malware or spam activities.

OK

OK

OK

OK

OK

OK

OK

OK

Engine Result Details
DNS-BH More Information
GoogleSafeBrowsing More Information
Spam404 More Information
SpamhausDBL More Information
SURBL More Information
ThreatLog More Information
URLVir More Information
YandexSafeBrowsing More Information

Check when Boxvalue.biz domain was created:

The domain name was created 1 year ago.

A shopping website created less than 4 months ago is too new and potentially suspicious.

If a domain name is too “young” we may have not enough details to judge it.

I would not buy goods from an online shop created a few months ago.

Check if Boxvalue.biz uses HTTPS:

The website uses a valid HTTPS (SSL) connection.

An online business that handle payments and sensitive user information must use HTTPS.

The HTTPS connection assures that all the traffic between you and the website is encrypted.

Personal websites (such as blogs, portfolios, etc) do not need HTTPS connection.

I would not buy goods from an online shop that has no HTTPS connection.

Check how much Boxvalue.biz is popular:

The website should have a good traffic.

The website is ranked #334,423 among millions of other websites according to Alexa traffic rank.

Alexa is the most popular service used to rank websites based on their traffic and pageviews.

If the rank is less than 500K the site has a lot of traffic, less than 5M it has some traffic, more than 15M not much.

If the rank is 0 it means the website has no traffic according to Alexa data.

Here is what you should check:

    Check the website reviews on TrustPilotValidate if the website is a certified site by McAfee SECUREQuery the WHOIS database to find the domain ownerSearch for website discussions on Reddit Check if the website has a valid telephone and email address Before buying something contact the website via email I would avoid shopping sites that use free emails (i.e hotmail) A pair of RayBan cannot cost $15 you know right? Make sure the shopping website uses HTTPS connection Check if the website has a Facebook or social profile

Write useful comments including proofs and detailed information.

We may delete comments that doesn’t include proofs.

Boxvalue.biz Review

Check if Boxvalue.biz is a scam or legit

We found nothing wrong according to this report:

Unknown/Not Yet Rated

Not Blacklisted (0/9)

Good Website Traffic (#195,088)

1 Year Ago (2020-01-19)

Valid HTTPS Found

Query the WHOIS database

Tips to Spot Online Scams

View Comments

Website Name Boxvalue.biz
WOT Trust Rating
Site Blacklist Status
Website Traffic Rank
Domain Creation Date
Secure Connection
Domain WHOIS Records
Additional Checks
User Comments

Check Boxvalue.biz rating according to WOT:

The website has not yet been rated on Web of Trust.

WOT is a popular browser plugin used by thousands of users to rate online shops and websites.

If the website has a poor WOT trust rating it means someone had a bad experience.

Personally I may not buy goods from a website that has a poor rating.

If your website has a poor rating, ask WOT for a site review.

Check if Boxvalue.biz is detected by services like Google SafeBrowsing.

We use multiple trusted sources to know if the website is classified as malicious/scam.

I would personally avoid to buy products from a site that is blacklisted.

Click the “Read More. ” link to read more details.

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Service Result Details
BitDefender Read More.
DNS-BH Read More.
GoogleSafeBrowsing Read More.
Spam404 Read More.
SpamhausDBL Read More.
SURBL Read More.
ThreatLog Read More.
URLhaus Read More.
URLVir Read More.

Check Boxvalue.biz domain creation date:

The domain name was created 1 year ago.

A shopping website created less than 4 months ago is too new and potentially suspicious.

If a domain name is too “young” we may have not enough details to judge it.

I would not buy goods from an online shop created a few months ago.

Check if Boxvalue.biz is using HTTPS:

The website is using a valid HTTPS connection.

A secure HTTPS connection encrypts all data sent between you and the remote website.

An online shop that has to handle personal information and payments MUST use an HTTPS connection.

Personally I would NEVER buy something from a site that doesn’t use HTTPS.

It is fine for non e-commerce websites to not use HTTPS.

Check Boxvalue.biz Alexa traffic rank:

The website should have a good traffic.

The website has a traffic rank of #195,088 among millions of other sites according to Alexa data.

Alexa is a popular web service known to rank websites by their estimated popularity.

Websites with a rank of less than 500.000 should have a lot of traffic, a low rank means good traffic.

In case Alexa has not enough data for a website, the rank will be 0.

The rank is not 100% correct, take this in mind.

Useful tips to avoid online scams:

    I avoid domains that end with .TOP, .CLUB, .ONLINE, .CO, .CC Check the complete WHOIS records to find domain information The website MUST show valid company details like name, street, VAT The “Contacts” page should show also an email address or telephone and NOT just a form Check if the website is a certified site by McAfee SECURE I personally avoid online shops that use free emails (e.g. gmail, hotmail) Beware when a website sells all products with high discounts (e.g. 70% or 90%) Popular brands like Nike, Rayban, Pandora cannot have too low prices Every online shopping website MUST use a secure HTTPS connection If the website shows trust seals like McAfee SECURE or Verisign they MUST be clickable A legit shopping site should have a Facebook or Instagram profile

Write useful and informative comments including proofs.

We will delete comments that don’t show proofs.

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