“I initially invested $500 with them, they then convinced me to upgrade my account by investing an additional $2000, and gave me bonus money of $2500. After showing me some minor profits they got me to add another $1300. After that I realized it could be a scam and tried to withdraw my money, but they completely avoided my withdrawal attempt. Eventually they did a trading session with me and lost almost all of the money except for the bonus $2500 they had put in my account. The next day they tried to convince me to put in an additional $500 in order to ‘regain my losses’, I refused and they did a final trade to lose the rest of my withdrawal balance.”
“Don't Trust Xchangebit.io
I made an investment with this company (www.xchangebit.io) and they scammed me.
After i deposited $500 and received a bonus of 500.
The're bonus agrement says that I will have to generate a minimum trading volume of $1000 x 20 = $20,000.
Now that is a lot. By accepting the bonus money, the initial $500 that was deposited can only be withdrawn after meeting the trading volume.
In other words, if i had deposited $500 and received a bonus of $500, which makes the account balance $1000, then i made profits of $200, the account balance will be $1200. However, the amount eligible for withdrawal is Zero!
One of the reasons I cannot withdraw my money from them is because i've received a bonus money.”
