Introduction to Bitteks:
The first view upon going to the homepage of Bitteks is a really badly formatted website. With different fonts and differently sized texts with no right order, it actually gives the impression that Bitteks has made little to no efforts in making their website even a bit appealing. What allows is terrible English and absurd terms and conditions that pop up every five minutes, therefore, compelling the people to accept these without even giving them a read. If you are thinking this is the end to all the disadvantages of Bitteks, you are greatly mistaken as this is just the beginning of where we felt Bitteks is a scam. Are you here with the question of whether Bitteks is safe to trade with, read till the end of this Bitteks review and you will figure your answer out yourself.
Is Bitteks regulated by any of the regulators?
In the beginning, Bitteks proudly is seen to be claiming that the company is based in various corners of the world including Australia and the UK. To make this fact even more believable, Bitteks even have listed customer support contact numbers belonging to these countries. In the midst of an investigation and scanning the website for any loopholes, we found out that Bitteks has tried to neatly hide the fact that the company is based in Saint Vincent and the Grenadines. In one of the pointers listed under the Terms and Conditions, Bitteks states that the company is based in the offshore zone. For those of you who are not aware of the offshore zones, these are the places that do not have proper regulations in place. From this, it is clear that Bitteks is UNREGULATED. This is the first red flag in this bitteks.com review.
What Trading Platform does Bitteks provide?
As obvious as this has become, you must be sure that Bitteks does not provide either MetaTrader 4 or Metatrader 5 as their trading platforms. Instead, Bitteks provides a cheap web trader which literally has no functions except showing the customers some indicators. This is yet another red flag that brings us closer to the Bitteks scam.
What is the minimum deposit demanded by Bitteks?
Bitteks demands a minimum deposit of $250 from the customers wanting to open a trading account with their brokerage firm. This is a huge amount as compared to the minimum deposits demanded by the regulated brokerage firms. On top of this, Bitteks does not even reveal the leverage that they provide to their customers. This is yet another red flag that leads us to the Bitteks scam in this Bitteks review.
Conclusion: Is Bitteks a scam or legit?
To conclude, it is clear that Bitteks is a potential scam with so many red flags against them, the foremost being not being regulated. If you want to invest or trade with Bitteks, we warn you from doing it as your funds are not safe with Bitteks. If you have been scammed by Bitteks, fill out the form and let us help you out in getting your money back.
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