BIW Management

They cheat at every turn: from the lack of licenses and registration certificates to claims of large turnover. However, Biw Management has no financial statements for 20 years of operation!!! In addition, the organizers do not indicate the size of the clients’ alleged assets, the number of traders, office addresses, or even basic contact information. Everything on biw-management.cc is just a scam. I won’t even talk about the “advantages” and “guarantees” of this platform – it’s not a broker, it’s a pure scam!! In fact, such a company simply does not exist, it has no registration. That’s the whole truth. Do you think you should start trading with Biw Management, knowing that these crooks won’t let you withdraw a single cent?

They extort money, payments, in short, they try to lure even more money out of their victims. When I tried to withdraw my funds, I was suddenly informed that I had to pay “taxes,” “commissions,” and other fictitious fees allegedly for processing the withdrawal request. For example, I had over $7,400 in my account, and the manager informed me that in order to receive the funds, I had to pay another $1,480. The scammers do this so that I either invest more money or refuse to withdraw it because of the inflated amount.

The internet is literally teeming with such fraudsters and the forex broker industry is no exception. Scammers often create identical websites using the same template, changing only the name and color scheme to lure victims. Here, they clearly rely on the quantity of their fake websites rather than their quality. Take BIW Management, for example – this is exactly such a “website.” How does this terminal work? Fraudsters with no name and no data buy a domain, create a “pseudo-brokerage” website that promises profitable investments and a bunch of services: insurance, protection, and all kinds of guarantees. They usually have the same platform – a web version and an unknown developer. In essence, biw-management.cc is a standard interface for displaying quotes, in which the scammers have nothing much to offer. Deposits here are accepted exclusively in cryptocurrency, which helps them remain anonymous. This scheme allows BIW Management to avoid refunds, since, unlike banks, it is impossible to initiate a refund payment through cryptocurrency. Next, the fraudsters began searching for victims. The minimum deposit is an impressive $5,000, which is quite enough for the scammers. As soon as the client transfers funds to the “account,” they are actually just sending them to the scammers’ crypto wallet. That’s it, the money is in the hands of the scoundrels!