BomanFX Review Is bomfx.com A Legit Broker Or Scam

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Clout Bucks is a Scam [Legit Review]

July 16, 2020 By // by John 12 Comments

Welcome to my Clout Bucks review.

Most people will tell you that this is legit even if this is a complete scam and I’m glad you did your research.

I’m sure you think or even feel that Cloutbucks.com is the real deal but I want to show you exactly why they aren’t.

I don’t care who claims that they’ve made money, do not believe a single thing they say.

Even if they have a screenshot.

I would like to sit here and explain every detail but reviews like this don’t require that much time.

There are just a few indicators that will explain it all, so let’s not beat around the bush and get straight to the point.

Table of Contents

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Clout Bucks Review – Product Overview

Name: Clout Bucks

Owner: Unknown

Price: Free

Overall Rating: SCAM

Cloutbucks is not a real site and they will NOT pay you either. Although they are free to join, please do not even signup or you will lose more than just money. They are a phishing scam that will take your information and use it against you. Unless you don’t want that to happen, avoid Clout Bucks at all costs. I do not recommend you join and I do not recommend you promote it like it’s legit either.

What Exactly is Clout Bucks?

Clout Bucks acts as a GPT (get paid to) kind of site like Swagbucks that will pay you to do simple tasks.

Take some surveys, visit other websites, and even watch some videos.

That’s how it works with any legit GPT site and that’s what Clout Bucks wants you to think.

The website looks great, it’s completely free to join, and the claims from others seem promising.

However, there are a lot of things that don’t happen and I want to show you what they are.

But first, let me explain how the scam actually works.

How the Scam Works

Clout Bucks is completely free to join.

They don’t ask for any money and heck, they don’t even ask for any credit card information.

So what happens?

You signup and have the comfort of knowing you have nothing to lose.

That my friend is exactly what they want you to think and that is exactly how you will get in trouble.

Once they get you to feel comfortable, you will go about doing things like you would with any other website.

You will provide your email address and a nice little password that is NEEDED in order to create your Clout Bucks account.

Then you will get your personal link and go out there promoting it like everyone else is doing.

From there you will have accumulated some money and you will think that you have just landed on a gold mine.

That’s how you’ll feel until it comes time to get your money.

Meet the minimum threshold, and it’s time to decide how you will get paid, with the two main options being through check or PayPal.

Most of you will prefer PayPal as it is safe and will get to your account a lot faster.

This is the time where the scums of Clout Bucks step in.

They will take the password you used to create your Clout Bucks account and then try to match it with the PayPal address that you are trying to get paid with.

If the password matches, they will try to transfer some money to themselves.

And if that doesn’t work, be prepared for them to try and get access to any other accounts you might have.

That’s all there is to it and you will not even notice that you have just been hit with a nice little phishing scam.

That’s the first part but do know that their overall site is working against you as well and that is what I will be going over next.

The Red Flags

Every single phishing scam website comes with the same tall tell signs and I want to show you them below.

However, Clout Bucks comes with one that might be a clear indication that it is a scam.

If you go directly to cloutbucks.com and you are using some kind of antivirus protection, you will see something similar to the screenshot above.

Infection type: URL: Phishing

If that is not a clear indication that this site is not safe, then you might just be that desperate.

Now if you were introduced to this site by someone else, you will have most likely clicked on a link that actually worked.

But if you try typing the URL in the address bar, you will see that this is clearly a site designed to take your valuable information.

The other red flags consist of the same exact nonsense you will find on sites like Kids Earn Cash.

As a matter of fact, Kidsearncash.com is now being redirected to Cloutbucks.com, so you can obviously see that the same scammers are running both schemes.

You will see the same poor grammar, the same “happy members”, and fake testimonials.

I know the site is really nice and looks professional but don’t let that fool you.

Will Clout Bucks Actually Pay?

There are members that love to take screenshots of their “earnings” but don’t believe them.

Not to say that they are lying but they simply just don’t know any better.

The screenshots you see are what they see in their Clout Bucks back office.

That’s about the only place it will be as it will never make it to anyone’s PayPal account.

No one is making any money, period.

Final Verdict: Phishing Scam

Clout Bucks is nothing but a big fat scam.

A phishing scam to be exact.

So unless you want your identity taken or something, you best stay away from this site.

Also keep in mind that there are thousands of other sites that look exactly like Clout Bucks so be careful the next time you come across one.

They look great, are most likely free to join, and they will claim to pay you for getting others to join.

If you can understand those simple signs, you can avoid other scams in the future.

My Recommendation

Don’t be desperate.

I know we all want to make money online but it doesn’t come that easy.

Sure you can do it for free with sites like Squishy Cash or other GPT sites but it will not pay you the type of cash that Clout Bucks claims.

Now if you want to make some real money online, not only will you have to pay but you will need to put in the work necessary.

Besides that, don’t ever think that making lots of money online will come as easy as Clout Bucks makes it seem.

If you have any questions about this or any other program for that matter, feel free to leave them in the comments section below.

Thanks for reading my Clout Bucks review and I hope it has been helpful to you in one way or another.

Until next time, good luck and remember to always do your research.

About John

I hope you enjoyed that post. I’m John and I am the owner of this site. I like to think I’m a normal dude just like everyone else but that wouldn’t make me unique. I do have 4 kids and I have gone through the hardest of times, most especially financially. With some learning and growing, I have managed to get back on my feet and live the laptop lifestyle most people only dream of. With that knowledge, I hope to align you with a real and legit way to make money online.

BomanFX review you need to read before registering with the broker

Minimum deposit

Bonus

20$ welcome bonus

Maximum leverage

Year founded

Regulation

Trading platform

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

BomanFX is a Forex broker that offers cryptocurrency pairs and CFDs on different trading assets. As the broker claims it was established in 2020 and has been operating successfully since then. The company that runs BomanFX FX brokerage is Boman Inc. which is registered and regulated in Saint Vincent and the Grenadines, this information should already ring bells in your mind. However, there are more signs that the broker is not legit and might be leading some kind of scam scheme. This review shows the features and trading conditions of the broker, it also discusses the regulatory background of the company to see if BomanFX is a legit broker or a scam.

Is BomanFX legit?

Let’s start from the basics- regulations. According to the broker’s website, the company that operates BomanFX Forex broker is Boman Inc. The company is registered in Saint Vincent and the Grenadines and is regulated by the local regulator with the license number (ST: 25389 BC 2020). Thus, BomanFX is an offshore broker regulated by one of the least reputable financial authorities that easily gives licenses to the scam brokerages. As the broker claims on the website, it is registered with the NFA US with the registration number 0522575. The broker is not included in the NFA’s list of the regulated entities, hence it is possible that the broker does not really have the NFA regulation.

As the broker claims, the company was established in 2020 and until now has established three branches – in Hong-Kong, Shanghai, and Cyprus. As the license from the financial authority of Saint Vincent and the Grenadines does not allow the broker to provide with the financial services to the residents of any other country, the broker should have licenses from other regulators. However, it does not have any. Moreover, the claim that the brokerage was established in 2020 should be doubted. The domain was created in May of 2020, the SSL certificate was also acquired in 2020. Also, all BomanFX reviews you can find on the internet has been written after May. If the brokerage really had 9 years of experience it would definitely have a better internet presence.

Bomfx.com review

The website of the broker has all the problems you can think of. First of all the design looks terrible and the website can easily be listed in the list of the worst designs. It looks absolutely sketchy and spammy. The navigation is very troublesome, it is very hard to find the information you are searching for due to this reason. Most of the links on the websites are broken. For example, you cannot see the information about trading assets and instruments for this reason. The broker features social media accounts such as Facebook, Instagram, LinkedIn, and YouTube. While preparing Bomfx.com review we wanted to check those as well, but unfortunately, they are either removed or have not been there at all.

Trading conditions with BomanFX

The trading conditions with BomanFX is not impressive either. The broker offers currency and CFDs trading but one cannot check what instruments are offered by the broker, because there is no information about them. The minimum deposit that is required to open an account with BomanFX is 100 USD. It is an avarage minimum deposit, considering that some of the brokers require 500 USD, but at the same time, there are international reliable brokers that make it possible to open an account for 5 USD.

Traders can trade with the leverage up to 1:200, as for the spreads as it seems the information on the website is not reliable. On the front page of the website the broker claims to have the lowest spreads from 0.9 pips. On the account comparison, it also states that the spreads are from 0.9 to 2.1 pips. However, on the page dedicated to the spreads, it is shown that spread for EUR: USD currency pair is 11 pips which is significantly higher than 2.1 or than spreads that one can see with any other broker. Spreads really lower BomonFX rating, considering that they are even higher for other currency pairs.

BomanFX withdrawal policy

The withdrawal policy is not displayed on the website, but can be seen on the page of the legal documents. The document for deposit and withdrawal policy is written so that you can hardly get a sense of it. The only payment methods that can be used with BomanFX is credit/debit cards and bank wire transfers which is very bad, as many people prefer using electronic payment systems that are faster and more convenient to use. According to the documents it takes five business days to deposit funds. That’s a lot of time, especially when other brokers have simultaneous deposits.

As for the BomanFX withdrawal conditions, they are not any better than conditions for depositing funds. It takes 5-7 business days for the broker to process withdrawal requests! It means that you might have to wait more than a week to get confirmation from withdrawals. After that, you will have to wait for the transactions that might take even more time. As it seems, there are commissions for withdrawal, however, the broker does not provide information about them as you can see below. Overall, the broker has one of the worst withdrawal conditions I have ever seen with the Forex brokerages.

Account types

The broker offers three types of accounts Micro, Standard, and VIP accounts. The trading conditions are absolutely the same for these three accounts. There are two main differences only – the minimum deposit requirement and spreads. The minimum deposit requirement for the micro account is 100 USD, for standard 1000 USD, and for the VIP account 5000. The spreads for the micro account is between 1.9 – 2.1 pips, for the standard account 1.5 – 1.7 pips, and for the VIP account 0.9-1.1 pips. However, as mentioned above, the spreads showcased on the website is much higher than this, so it makes a little sense.

BomanFX opinion

BomanFX is one of the brokers you need to stay away from. It is an offshore broker that claims to have NFA regulations. It also claims to have 9 years of experience that does not seem to be right. There are a lot of signs that indicate that BomanFX scam might be possible. Even if the broker was fully regulated it has a very poorly designed services and offerings. A lot of information that is provided on the website is either false or misleading. Trading conditions are not fully described and it is unknown what situation will the trader face after opening an account with BomanFX. Overall, our final verdict is that the broker is not legit. If you were thinking about registering with the broker, it would be better if you continue searching for a good broker that is regulated and offers high-quality services.

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

Exness Review – Is this Forex broker scam or legit?

My personal experience with Exness

I would like to base this review on my personal experience of trading with Exness. I want to share my experience with you.

Finding a legitimate forex broker is not a big issue as there are many trusted brokers in this industry, but finding one that suits your trading strategy best, can be a difficult task. You can read all the reviews you want, about a broker; it simply can’t tell you everything that you need to know.

I have joined several forex brokers, some of them are the biggest brands in this industry; and off course, I did my research before opening accounts with them. With every broker, I found something to be missing. I use different strategies in trading; one requires tight spreads, another one works only with 1:1000 or more leverage [using too much leverage can wipeout your whole account, but if you have a good strategy, you can use it to squeeze maximum profit from a trade while risking only small amount of money.] Anyway, my point is that I need certain features to use each of my trading strategies; for instance, I need fast-trade-execution for one of my scalping trading strategies.

After trying several brokers, I finally tried Exness and I am glad to have found this broker as it offers everything that I need. Following is a list of features I was looking for in a forex broker:

  1. Tight spread
  2. ECN account
  3. High leverage
  4. Supports multiple deposit/withdrawal options including Skrill
  5. Does not disallow any trading strategies
  6. Fast trade execution
  7. Good client area
  8. Fast withdrawal process
  9. Small fee
  10. Offer different types of accounts
  11. Customer Service/Support

Tight Spreads

Exness is offering fairly tight spreads in all types of accounts. I wouldn’t call these spreads the best, but they are better than what many other brokers are offering. I would give Exness 8/10 for the spreads it offers.

ECN account

The ECN account at Exness is very good. The max leverage is 1:200. Spreads are very good. Exness deduct small commission on each trade. This account is very good for using scalping strategies. 9/10

High leverage

Official MAX leverage advertised at Exness is 1:Unlimited, but this there are certain conditions to meet if you want to use it. The feasible option is to choose 1:1000 if you have a strategy that requires using such high leverage! 10/10

Deposit/withdrawal options

Exness currently supports eight different methods [including Skrill, formerly MoneyBookers] for depositing and withdrawing funds. These include WebMoney, Wire Transfer, CASHU, Excard, NETELLER, and more… 10/10

Trading Strategies

As far as I know, Exness does not block the use of any legitimate strategies. 10/10

Fast Trade Execution

One of the reasons why I left several forex brokers is slow trade execution in their trading platform. If you are using a scalping or any other similar strategy, then you need fast trade execution. Exness trade execution is very good; it is much faster than many brokers I used. 9/10

Client Area

Out of all forex brokers I have used, Exness has the best features in client area. You can easily create multiple trading accounts, change leverage for any account, request withdrawal, and there are many other features! 10/10

Withdrawal

Exness is one of few forex brokers who offer Instant-Withdrawal options. You can receive funds in seconds, literally! Exness processes most withdrawal requests automatically. 10/10

Fee

Exness charges small fee, or commission, on trades you execute in an ECN account. Their fee is much smaller than what many other brokers are charging. 10/10

Account types

Exness is offering several different types of accounts. Each account has a different set of specifications. 10/10

Customer Support

Exness provide 24/7 support. Their live-chat representatives are very helpful. 10/10

As you can see, Exness has everything that I was looking for in a broker. It took me a while to find the perfect broker for myself, but I am glad I finally found one, namely Exness. However, it doesn’t mean that this broker is perfect for everybody; perhaps another broker will suit all your needs. It depends on what your trading strategies are and what features you are looking for in a forex broker.

My overall score for Exness is 9/10 .

Before joining any forex broker, do a thorough research; find the broker that is offering best trading conditions that suit your trading style/strategies.

There are some other features that you may find interesting; for instance, Exness, like many other brokers, is offering trading contests from time to time.

Scam or Legitimate?

You should not worry about the legitimacy of Exness. This forex broker is 100% legitimate; they can’t get more legit then this! I mean, Exness is a legit forex broker who will always pay you your own money as well as the profits you make. You should not worry about Exness scamming you as that is not even remotely possible. It is a trusted and registered forex broker.

Update: I forgot to mention the online reputation Exness have. ForexPeaceArmy is a website that I trust. If you are worried about the legitimacy of a Forex broker, then head straight to FPA. I am not asking you to blindly trust all reviews at FPA; however, they can hugely help you in your online research. Below is a screenshot of current rating of Exness at FPA:

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