Who Is Believe LLC?

  • The Believe LLC (believeb.com) was launched in 2018 and claims to be the top online trading forum for crypto. The company’s website states that investors can expect to see a minimum of a 30% return on their deposit annually and that earnings can be withdrawn within 48 hours. Believe LLC (believeb.com) states that all purchases are covered by a money-back guarantee.

  • In this review, we investigate these claims to determine whether this company is legitimate or if a Believe LLC scam is being perpetrated.

  • Is Believe LLC a Licensed Broker?

  • Believe LLC is not a licensed broker and is not regulated by any overseeing financial body. This means it is potentially unsafe for traders to invest in. When looking for a trading broker or platform, ensuring that it is properly regulated and has the necessary licenses is an important step in ensuring its legitimacy and avoiding scam organizations.

  • So, in answer to the question, “is Believe LLC regulated?” – the answer is a definite no.

  • Is Believe LLC a Scam or Legit?

  • An important clue that Believe LLC is a scam is the claims made on the company’s website; guarantees of spectacular, easily achievable returns that are entirely unrealistic. The fact, too, that the website invites people to earn millions of dollars ‘without government oversight’ is a major red flag indicating a Believe LLC scam. The company is, effectively, an ICO, raising money from its investors to use in trading crypto assets. Profits from these trades are ‘guaranteed’ to the investors who have been persuaded to part with their money.

  • The CNMV in Spain has issued a public warning regarding this trader, which is one of the strongest indications that they should be avoided. 

    The Federal Trade Commission (FTC) has issued a public warning regarding Trader Believe LLC, signaling significant concerns and advising caution against engaging with this entity. This advisory serves as a critical indicator for consumers and businesses alike to exercise vigilance and avoid potential risks associated with Trader Believe LLC.

  • A further sign that Believe LLC is a scam is the lack of information on the website regarding details of technical trading aspects, or on the trading strategies that the platform deploys. Verifiable information on trading history is also not provided, and no drawdown limit for traders is specified. Platforms such as this that do not provide clear and transparent information on the fundamentals of their trading processes, should be treated with extreme caution, and traders are advised against depositing funds with these types of organizations.

  • Finally, as Believe LLC is operating without registration, regulation, or licensing, it is acting illegally in its capacity as a brokerage, trading, and investment platform.

  • Biggest Complaints Against Believe LLC

  • One of the most frequent Believe LLC complaints are from traders that have been left unable to withdraw their money and, when they have tried to contact the company regarding this, have either gotten either no response or automatically generated responses that have not resolved the problem:

  • Unacceptable levels of customer support are regularly cited, and there are a large number of reviews that state the company cannot be trusted regarding the claims made on its website. Yet more previous investors claim that the company only allows traders to withdraw money while they are actively investing and prevent withdrawals once a trader becomes suspicious and ceases further investment.

  • Can I Get My Money Back from Believe LLC?

  • If you’ve been a victim of a believeb.com scam, then there are ways to get back the funds that have been lost. Although taking legal action yourself is possible, for the best chance of success, it is advisable to enlist the services of a recovery agency that has experience in such scams. When choosing a company to approach, look for high success rates in recovering lost investments and favorable customer reviews.