Broker Review

Unauthorised Firm Details

Name: BlumbergTrade
Website: blumbergtrade.com

BlumbergTrade presents itself as an online trading / investment / prop-trading firm. However, multiple checks and user reports raise serious questions about its legitimacy. Reputation and scam-analysis tools give it very low trust scores. The domain(s) are relatively recently registered. Ownership details are hidden behind WHOIS privacy. User reviews are overwhelmingly negative, with complaints that it does not allow withdrawals, that costs or fees escalate, and that communications break down after people commit funds. The platform is not known to be regulated by major authorities.

Bottom line: BlumbergTrade shows many of the classic red flags of a risky or fraudulent financial platform: new domain, hidden identity, negative user reports, and lack of proper oversight. Use extreme caution and avoid depositing funds without strong, verifiable evidence of legitimacy.

Location & Risk Notes

• Domain registration is recent (around mid-2024 for blumbergtrade.com; blumbergtrade.net about 7-8 months old), so it has little history.

• WHOIS ownership is masked; legal entity details are either vague or hidden.

• Reputation tools (Scam Detector, Scamadviser, others) give low trust/fraud risk ratings. One tool gave a score of 23/100, describing the site as “suspicious” or “unsafe.”

• User feedback via Trustpilot and other review forums is strongly negative: multiple users claim withdrawals have been blocked, communications go silent, requests for more deposit or “administration” fees appear after investment, and accounts become unresponsive.

• The site promises investment or trading returns, sometimes large profit splits, but these promises are not backed by verifiable regulation or proof of payout.

• Because there is no recognized licence or regulator oversight, investors using this platform lack protection or recourse if funds are held or lost.