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BESSEME Forex Broker provides real users with * positive reviews, * neutral reviews and 6 exposure review!

BESSEME Broker Review

Rating Index

WikiFX Detection

Business

Influence E

License

No license

BESSEME Review 6

Latest All(6) Exposure(6)
Exposure
Forced liquidation. It never happened on other platform.

A friend on the Internet invited me to deposited. At first, it was normal but when I withdrew, the customer service said my account was liquidated. I had to pay $3037, which was not mentioned before. He disappeared although he said he took the responsibility at first.

FX6212598932
2021-11-03
Exposure
I was cheated by friends on the Internet

We knew on the chatting network and took calls. The scammer talked about investment to convince you with his personal information including name and occupation such as bank staff. He pretended to be a professional person. I met a woman from Xiamen called Zhang Yunjie. She said she was a lesbian and wanted to found a girlfriend. She held a company which was of customers from Taiwan and Singapore. She invited every user to deposit Boshang and helped them make profits with her trading signal. She promised profits but provided fake MT4 website. I argued with her about the fraud website she sent me. She said people from countries except England could only download it from that website. I did not point out her lie. I opened an account and did transaction for a few days. She told me to verify my identity and I did as she required. Then she persuaded me to deposit every day. I found the platform was a scam without regulation number several days later. There was no server address of it on official MT4/5.

FX6212598932
2021-10-22
Exposure
Scam

The gang of frauds will pretend to be your friend and client manager to inveigle you to deposit fund. At first, there will be come profits. Having induced you to add up to 50 thousand, they would one day asked you to use all fund to build position, claiming that there was a cocking market. Forced liquidation is doomed in wake of it. At this time, they would comfort you and ask you to make up for the loss. They also blamed the losses on the insufficient fund. Later, they even blacklisted you to add the fund. It is simply a scam platform.

wendy38840
2020-04-27
Exposure
The so-called guidance

At first, they made you profit a lot. As long as you made withdrawal, they would make your account liquidated. They even blackmailed me to pay a fee. Otherwise, they would ban my account and send lawyer’s letter. Today, they told me that they had sent relevant letter, assigning blame on me. The website is disabled. Stay away from BESSEME .

咩咩55973
2020-04-17
Exposure
The platform said to sue me! After I submitted the evidence, it deleted my account and disappeared!

This company is out of transparency since I couldn’t find the server of my Mt4 and Mt5 there! They blackmailed and asked me to delete the exposure, then closed the line account! I don’t know whether they have found the so-called fraud or changed an account to continue to scam! It is out of the regulation of FCA. Its parent company is also a counterfeit! There were many Taiwanese who had been scammed out of hundreds of thousands of dollars! After I reflected the problem on software, they asked to download another strange software which isn’t from the appstore. In addition, the legit broker won’t arrange for a manager to cope with my problem! As long as you trade in this broker, your fund will be doomed! I also verified their so-called regulation, only to find nothing! One must know more numbers about the broker to avoid being cheated!

刘小谚
2020-04-12
Exposure
SCAM! Pay attention!

It is hard to believe this intransparent website! Everything was informed by the so-called account manager! The following is the evidence I collected! It is simply a scam! The referrer, self-proclaimed as a bank staff or self-employer, will chat with you often and take you to operate virtual account. He often inveigles me to open the account and deposit fund. To be honest, I deposited fund into the fake account, only to figure out he could know everything about my account! As long as you refuse his proposal, he will disappear immediately! One can recollect whether the routine is same as this. Account manager ID: besseme888

刘小谚
2020-04-08

Bessemer Trust 2025 In-Depth Review: Opportunity or Trap?

Executive Summary

Bessemer Trust Company, a family-owned wealth management firm that has been serving high-net-worth individuals since its establishment in 1907, emphasizes personalized investment strategies and long-term client relationships. The firm‘s unique value proposition lies in its dedication to understanding the financial and personal life of each client, ensuring that their wealth management reflects their specific needs and goals. Ideal customers include affluent families and individuals seeking a dedicated, relationship-driven approach to wealth management. However, potential clients must navigate criticisms regarding the firm’s relatively high fees and mixed employee reviews, which highlight concerns related to work-life balance and the organizations traditional culture.

In summary, while Bessemer Trust prides itself on a heritage of establishing trust and commitment to client service, careful consideration of its fee structures and employee satisfaction ratings is essential before engagement.

⚠️ Important Risk Advisory & Verification Steps

Risk Statement: Prospective clients and employees should be aware of concerns regarding potentially high fees and mixed feedback on workplace culture.

Potential Harms:

  • High management fees and withdrawal costs may significantly erode investment returns.
  • Negative employee experiences suggest potential challenges in company culture and job satisfaction.

Self-Verification Steps:

  • Research the firms history and reputation through trusted financial news outlets and client reviews.
  • Review Bessemer's fee structure by contacting their office directly or reviewing their website.
  • Investigate employee experiences on platforms like Glassdoor and the Better Business Bureau to gain insight into workplace culture.
  • Broker Overview

    Company Background and Positioning

    Bessemer Trust Company was founded in 1907 to manage the fortunes of Andrew Carnegie‘s partner, Henry Phipps. Over the years, the firm has evolved into a multifamily office catering to affluent families, maintaining its private ownership and independence. Headquartered in New York, Bessemer has built a reputation as a trustworthy advisor, committed to serving generations of wealth. The firm’s historical roots and dedication to personalized wealth management create a strong brand identity, particularly among high-net-worth individuals seeking long-term financial stewardship.

    Core Business Overview

    Bessemer Trust's core offerings include comprehensive wealth management, investment strategies, and family office services. The firm manages a diverse array of assets, providing tailored financial solutions to meet the unique needs of its clients. Additionally, it operates under the regulatory oversight of the SEC and FINRA. Bessemer Trust's practice emphasizes not only asset management but also thoughtful financial planning, ensuring clients wealth is preserved and grown over time.

    Feature Details
    Regulation SEC, FINRA
    Minimum Deposit $10,000
    Leverage Not applicable
    Major Fees High withdrawal fees

    Rating Framework

    Dimension Rating Justification
    Trustworthiness 3.5 Mixed reviews on regulatory compliance and fees.
    Trading Costs 3.0 Competitive commissions but high hidden fees.
    Platforms & Tools 4.0 Robust tools but may overwhelm beginners.
    User Experience 3.5 Generally positive but with noted issues.
    Customer Support 4.0 Responsive but slow at peak times.
    Account Conditions 3.0 High minimum deposits and withdrawal fees.

    In-depth Analysis of Each Dimension

    Trustworthiness Analysis

    In assessing the trustworthiness of Bessemer Trust, mixed regulatory information presents a notable concern. On one hand, the firm maintains an A+ rating from the Better Business Bureau; however, it lacks BBB accreditation, which could raise questions regarding its credibility in the eyes of some potential clients.

    To self-verify the firms compliance and reputation, consumers can follow this simple guide:

    • Visit the SEC and FINRA websites to check Bessemer's regulatory status.
    • Read customer reviews on the Better Business Bureau site to gauge client satisfaction.
    • Investigate employee feedback on platforms like Glassdoor to understand workplace culture.
    • "Bessemer Trust provides a rich array of services but has mixed reviews regarding client fees and plea from employees about work-life balance."

      Trading Costs Analysis

      The trading costs associated with Bessemer Trust present a double-edged sword for clients. On one hand, the firm offers competitive commission structures that benefit high-volume traders. However, several users have reported concerns about non-trading fees, particularly the substantial withdrawal costs.

      For example, client complaints highlight fees up to **$30** for withdrawal, which can be punitive for clients looking to access their own funds swiftly. Thus, while the cost structure may appear favorable at first glance, hidden fees significantly impact overall expenses.

      Platforms & Tools Analysis

      Bessemer Trust users have access to a diverse range of trading platforms and analytical tools, offering a rich set of features designed for seasoned investors. Among the notable platforms are MT5 and NinjaTrader, which boast extensive capabilities for advanced trading strategies.

      Users have noted that while these tools are robust, they may be overwhelming for beginners. As such, the firm should enhance its educational resources to assist new users in navigating these features effectively.

      User Experience Analysis

      In terms of user experience, Bessemer Trust generally garners positive reviews. Clients appreciate the personal touch and attention to detail that advisors provide. However, there are sporadic mentions of service delays during peak periods, suggesting that operational scalability may be an area for improvement.

      Customer Support Analysis

      Bessemers customer support receives high marks for responsiveness, particularly in handling investment inquiries. Nevertheless, feedback indicates that there can be slow response times during periods of high demand, which can frustrate clients needing immediate assistance.

      Account Conditions Analysis

      Bessemer Trust imposes certain stringent conditions for account maintenance. With a minimum deposit requirement set at $10,000, prospective clients should be prepared for higher entry costs. Additionally, clients may face notable fees for withdrawals, which can impact their investment strategy and overall satisfaction with the service.

      Conclusion

      Bessemer Trust Company stands as a venerable institution in the wealth management landscape, offering tailored services backed by years of experience. However, potential clients and employees should weigh their options with careful consideration of the high fees, mixed employee feedback, and stringent account conditions. By fostering a clearer understanding of its offerings and risks, interested parties can make more informed decisions about engaging with Bessemer Trust.

      In the pursuit of wealth management services, Bessemer represents both substantial opportunity and notable risks, underscoring the importance of due diligence as a critical step before entrusting one's financial future to any firm, especially one with mixed feedback like Bessemer Trust.

BESSEME review