BAM ASSET MANAGEMENT SPA

Several red flags with BAM ASSET MANAGEMENT SPA: (1) They promise unrealistically high returns, (2) They're not registered with Comisión para el Mercado Financiero (Financial..., (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

I was contacted by BAM ASSET MANAGEMENT SPA through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

My card was charged twice by BAM ASSET MANAGEMENT SPA on the same day. I had to dispute it with my bank. BAM ASSET MANAGEMENT SPA then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

I wanted to transfer my portfolio from another broker to BAM ASSET MANAGEMENT SPA. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

I had a dispute with BAM ASSET MANAGEMENT SPA and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

BAM ASSET MANAGEMENT SPA seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

The platform itself is okay, but the customer service at BAM ASSET MANAGEMENT SPA is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Tried to withdraw my funds from BAM ASSET MANAGEMENT SPA and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

I found BAM ASSET MANAGEMENT SPA based on a colleague's recommendation and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.