Why does Botbro change the domain name?

BotBro, an AI-driven forex trading platform, has recently changed its domain name to YorkerFX. This rebranding aligns with the company's strategic shift towards the “Grow Trader Matrix” initiative. The announcement was made on their official Instagram account, stating:

“Following the recent update, our domain name has been changed to YorkerFX to the grow Trader Matrix.”

However, this change has raised concerns among users and financial experts. Reports have emerged linking BotBro to fraudulent activities, including a ₹170 crore forex scam. The Enforcement Directorate (ED) has frozen bank deposits worth ₹170 crore in connection with an alleged fraudulent forex trading and deposit scheme operated by QFX Trade Ltd, which is associated with BotBro.

In light of these developments, investors must exercise caution. WikiFX has highlighted the lack of valid regulation for BotBro, indicating potential risks for investors.

Given the mixed user feedback and the serious allegations against BotBro, it's advisable to conduct thorough research before making any investment decisions. Consulting with financial advisors and reviewing credible sources can provide a clearer understanding of the platform's legitimacy.