Blackmore Bonds Reviews - Are they safe?
A company called Blackmore Bonds are now using Facebook to promote their unregulated investments where you could lose all your money so I thought it would be worth a quick review for those who may be unsure whether Blackmore Bonds are genuine or a scam product.
Many people want to know the answer to the question "Are Blackmore Bonds safe?" The answer is no, they are an unregulated investment that isn't FSCS protected and you could lose all your money. There is no guarantee that they will pay income and you could get back less money than you invest in the Blackmore Bonds.
Facebook adverts by Blackmore bonds are very heavily emphasised on the words "savings" and "interest" but seem less keen to use the words "risk" and "unregulated".
The screenshot above does show the words "capital at risk" but it's not very clear and the website doesn't elaborate on the details.
Bond is a very misused word. In some instances it's used by banks for savings accounts yet Blackmore Bonds are not a savings account but an investment. There are also corporate bonds and investment bonds which are more like Blackmore and have similar sorts of risks.
It also appears that Blackmore are blocking any comments on their Facebook page that mention that they aren't FSCS protected and you could lose your money. This is rather worrying as they are facts that anyone investing in Blackmore Bonds should be aware of and fully agreed to. If anyone is investing and thinks they can get 8.5% risk free income from Blackmore Bonds they are sadly mistaken.
Many people want to know the answer to the question "Are Blackmore Bonds safe?" The answer is no, they are an unregulated investment that isn't FSCS protected and you could lose all your money. There is no guarantee that they will pay income and you could get back less money than you invest in the Blackmore Bonds.
Facebook adverts by Blackmore bonds are very heavily emphasised on the words "savings" and "interest" but seem less keen to use the words "risk" and "unregulated".
 |
| Blackmore Bonds Reviews - are they safe? |
The words below again highlight fixed rate returns but the returns are only fixed if the company has the funds to continue paying them. There is no guarantee and your investment is not FSCS protected so you have no comeback if the company stops paying you.
 |
| Blackmore Bonds Reviews |
Bond is a very misused word. In some instances it's used by banks for savings accounts yet Blackmore Bonds are not a savings account but an investment. There are also corporate bonds and investment bonds which are more like Blackmore and have similar sorts of risks.
It also appears that Blackmore are blocking any comments on their Facebook page that mention that they aren't FSCS protected and you could lose your money. This is rather worrying as they are facts that anyone investing in Blackmore Bonds should be aware of and fully agreed to. If anyone is investing and thinks they can get 8.5% risk free income from Blackmore Bonds they are sadly mistaken.
Comments
Post a Comment