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Detailed BiTrade Review – Potential Scam Broker 2021
Today there are uncountable number of trading scams including Forex trading scams, Binary trading scams, Cryptocurrency scams, Bitcoin scams, Romance scams, etc. According to our research and findings, many of this broker’s clients lose their deposits. Fraud Reports Online recommend you read BiTrade review and avoid trading with this broker.
There are many suspicious things with regard to the BiTrade broker.
From unclear information to all the wayF of the company’s suspicious activities, it is suspected to be a potential scam broker. We suggest our readers to avoid transactions with the BiTrade broker as it is claimed to be not a trustworthy trading firm. Here, our expert team has done the full research on the BiTrade scam and came up with the required information. This BiTrade review gives all the reasons as to why you should avoid investing with the broker.
Please note that the findings are based on the information available on internet through trader reviews, complaints received and warnings from the regulating authorities. It is up to the trader to take his/her decision to trade with this broker.
BiTrade Review – Broker at a Glance-
Broker Name – BiTrade
Broker Website- https://www.bitrade.net/
BiTrade’s Regulations and Security – Seems not regulated
Owned By – BITrade
Warned By- Swiss Financial Market Supervisory Authority
The regulation status of the broker is the salient feature that does not only ensures the legitimacy of the broker but also offers the safety of the funds. Here, the BiTrade broker seems not to be regulated by any financial authority. It gives a clear indication of the broker being involved in forex scam activities. Investors should be aware that the warning given by the financial regulators such as CySec, ASIC, FCA, CNMV, FINMA, etc to the scam brokers are true in their sense and one should not go ahead with the investments with those firms.
Investors About BiTrade Scam –
According to the reviews, the investors have nothing good to say about the BiTrade broker. The traders are mostly complaining about the broker with regards to the withdrawal issues, unclear terms and conditions for trading, misleading information on the website, etc. The number of complaints has been registered by the client of the BiTrade stating the number of issues. Furthermore, the negative reviews and low star ratings conclude that the broker is not up to the expectations of the investors. This BiTrade review makes it clear that the clients are not satisfied with their services.
Deposit and Withdrawal Method
Both the deposit and withdrawal sections of the client interface were absolutely unresponsive. There was no method to make a payment, hence there was no means to obtain information there. The website offers a minimum deposit of $250. Despite what we indicated, no more payment information has ever been made public. Not to mention that the situation isn’t much easier because there aren’t any legal documents. BitTrade is completely a scam broker that puts everyone in danger and it is not safe for trading.
Possible Scam Activities of BiTrade Broker –
· The broker is making some false claims on their website in order to gain the trust of the investors.
· The regulations and rules are not clear of the broker, stating the unsafety of funds.
· The inability of traders to have smooth communication with the broker and the customer care executives.
· The promises made by the broker are too good to be true on the basis of returns and earnings.
· Located in the countries and small islands with no proper regulation where getting registered is easy.
· Find it difficult to make a withdrawal, as the broker comes with new policies every time.
· Very little or no information is available on the website with regards to the risk warnings.
Scammed By BiTrade? Tell us Your Story!
If you have fallen prey to a BiTrade scam or similar bogus broker, remember that you are not the only one being scammed. There are plenty of traders going through the same. The scam brokers have their methods and techniques of defrauding their clients and disappearing. But, there is always a solution. The investors can take immediate action against the fraud broker by filing a complaint with Fraud Reports Online. We, with our experience and expert knowledge, are here to guide you in a smooth manner.
Also report your case here, if you are a victim of forex scam, cryptocurrency scams, romance scams, tax scam, pension fraud or any other.
File a complaint and tell us your case. Let’s get your lost funds back now!
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