Blacklands Finance aka BlacklandsFin is a scam broker you should avoid. It has received multiple complaints for its shady practices and doesn’t hesitate to use illegal intimidatory tactics to bury any negative reviews.
The broker claims to be a boutique trading broker which helps traders make profits through latest technologies and tools such as artificial intelligence. Moreover, it claims that its AI tools allow their traders to automate their trades and other processes.
On paper, the claims of Blacklands Finance (BlacklandsFin) sound extremely lucrative. However, these claims are untrue.
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The company doesn’t offer any reliable services.
According to the various reviews and complaints this broker has received, it’s obvious that they are a forex scam.
In this Blacklands Finance Limited review, I will explain their numerous claims and expose how their scam actually works:
The Claims of Blacklands Finance Limited aka BlacklandsFin:
According to their website (blacklandsfin.vip), they offer the following advantages to their customers:
- Low commissions
- High leverage
- Latest technological implementations
- Multiple reliable payment methods
- Latest market insights
- Expert analyses
- An advanced web-based trading terminal
Furthermore, Blacklands Finance claims to offer its clients the most customer-centric service in the forex industry. They claim that they are committed to their clients’ success by delivering transparent trading conditions.
However, they aren’t very transparent at all.
The broker doesn’t specify exactly how much leverage it offers. Similarly, it doesn’t offer any information about its fees and charges. It only claims to offer inexpensive services but that’s easy to say when you don’t share how much you charge.
On the website of BlacklandsFin, they mention multiple account types:
- Beginner (Min. Deposit €250)
- Silver (Min. Deposit €2500)
- Investor (Min. Deposit €5000)
- Premium (Min. Deposit €10000)
- Gold (Min. Deposit €50000)
Also, the minimum deposit requirement of this broker is €250, which is extremely high. Most of the reputed and regulated brokers tend to keep their minimum deposit requirement around €10.
That’s because the regulated brokers want you to try out their services with minimal risk. On the other hand, forex scams like Blacklands Finance Limited focus on maximising the amount they can steal from a user.
Now that you know what this company claims to be, let’s look at what they actually are:
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
The Reality of Blacklands Finance Limited aka BlacklandsFin:
When you are looking into any forex broker, the first thing you should look for is their regulatory information. You should avoid trading with any unlicensed broker because they don’t provide you the protection of regulatory authorities.
I went through the entire website of Blacklands Finance Limited (blacklandsfin). It didn’t mention any license or having any regulations.
This is a huge red flag.
Unlicensed brokers are either criminal enterprises or scams. They operate illegally and focus on stealing funds from their customers. Many unregulated and unlicensed brokers end up getting blacklisted in the countries they offer their services.
One of the most common tactics among unlicensed brokers is to contact customers and give offers that sound too good to be true. However, to avail those offers, the scammers require you to deposit a certain sum.
After you make that deposit, you might wait to get the returns which never arrive. When you complain, the brokers cite some technical difficulties or claim that you would need to deposit a bit more.
Another common tactic among forex scams like Blacklands Finance Limited is they would deliberately delay your withdrawal request so you become ineligible for any chargebacks.
Blacklands Finance Limited Reviews by Customers:
While I mentioned the various ways forex scams steal from their victims, BlacklandsFin has already received multiple complaints for implementing those tactics.
Customers report that they pay the broker for ‘demo access’ of their features. Once they set up their account, the company would send them some funds as profits which are much less than their initial deposit.
However, they send this payment to win the trust of the victims.
Afterwards, they try to persuade their clients into investing more. After a while, they contact the victims saying they have earned a substantial amount of profits but would need to pay a certain fee to withdraw them.
This fee is always several thousand euros.
One victim shared that they had paid €9,115 to Blacklands Finance Limited as “money laundering regulation fee” to withdraw their profits. However, when they asked for the promised returns, the company asked for another payment of €9,115.
Thinking they would get the returns after paying this fee, the victim ended up paying this sum. However, the company didn’t deliver on its end of the deal.
Instead, one of their representatives contacted the victim saying they need to pay an additional €18,000 to fix this issue.
The victim realised that Blacklands Finance Limited was scamming them. So, they reported the company for investment fraud.
They weren’t the only victim. There are plenty of others who have lost their hard-earned funds to BlacklandsFin and its dangerous scam.
If you are in Germany and have been scammed by Blacklands Finance Limited, you can report them to BaFin here.
After going through the above points, it’s clear that Blacklands Finance Limited aka BlacklandsFin is a scam. The company doesn’t have any authorisation or license to offer financial services. Yet, it’s promoting its investment services and contacting consumers to steal from them.
Reportedly, victims have lost upwards of €20,000 because of this scam.
Don’t invest with them. Avoid trading with this scam.
Don’t trust Blacklands Finance Limited aka BlacklandsFin. They are a shady forex broker who operate without a license or any kind of authorisation. The scammer has received several complaints for stealing funds from traders.
- Received complaints for scam