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BTCTradings Review: Btctradings.com Awry Forex Scam

BTCTradings Review: Btctradings.com Awry Forex Scam

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BTCTradings (Btctradings.com) is another rotten Crypto Currency scam platform to hit the lucrative digital trading world. BTC Tradings is claiming to offer users real time trading of popular commodities, Crypto Currency, and stocks. With a well-designed website, users believe this is a platform with a difference. More members are coming out angry at what they term as unfair treatment. Read this honest and genuine BTCTRADINGS Review and get the truth.

BTCTradings Review

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BTCTradings Review

After receiving some touching emails from victims of this scam, we simply had to investigate. BTCTradings is openly stealing from anyone who deposits with their platform. Trouble started brewing when members noticed their withdrawal requests were ignored. Scam artists have a tendency of stealing from users once they deposit funds. If you notice a platform refuses to allow users to withdraw, it is definitely a scam. How do newbie investors protect themselves from such platforms?

As an investor, you should always do your research before committing to any online investment platform. A good place to start is to read reviews about some of the brokers and products they offer. Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away. BTC Tradings is another rotten scam which has cloned a trading website to gain recognition. To the naked eye, BTC Tradings seems to be a genuine platform; upon further scrutiny the truth is revealed.

About BTCTradings

According to the disclaimer at the footer of their homepage, they claim to be located in Sofia, Bulgaria. It should be noted scam artists will do or say anything to make their products appear legit. In this case, they want to have a EU base location so as to attract European investors. Thanks to our research, we can confirm BTCTradings is another offshore brokerage firm. Anonymity is what offshore brokers depend on to strike a blow to any investor. Notice how this platform is full of anonymity?

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Who are the founding members of this platform? Why have they failed to give users names of brokers associated with this trading website? It is clear these scam artists are leaving out their actual names for a reason. Scam artists fear the backlash they would receive from authorities and victims once they get caught. Anonymous online investment platforms should be avoided at all costs. It is best to stay away from such platforms and invest in recommended brokers and products.

Is BTCTradings licensed or registered?

With a platform claiming to be located in Bulgaria, you would expect it to be licensed by Bulgarian authorities. The Bulgarian Financial Service Commission has not licensed or registered any broker with such a name. It is clear this platform is operating under false pretense which is a crime. Any investor who signs up with this platform should know they are under a false broker. The problem with this statement is the fact that your funds will never be safe with an unlicensed broker.

If this platform was properly licensed and registered, they would have posted copies of their certificates. Sadly, BTCTradings is not licensed or registered to conduct any Forex transaction on behalf of investors. Looking closely at their homepage, they fail to reveal their license and registration number. For all we know, this could be a money laundering website which is targeting European investors. The best thing to do is to stay away from any of their claims of authenticity.

With a proven and trusted broker, earning stable profits becomes a reality. It is best to choose brokers who are reliable and reputable in all their trading services. What you need to do is choose brokers who have been tested by the trading community. Having recommended brokers ensures your safety when trading. Why don’t you make the bold move and choose brokers who are transparent? Genuine and honest brokers are what you need to start making money in Forex trading.

Advantages of BTCTradings

After searching their entire website for any trading advantage, we couldn’t come up with any. How can there be an advantage of trading with an unlicensed and unregistered online broker? Anonymity is not a character you would want associated with any investment platform. No one knows the actual owners of this platform making it a security threat. When it comes to responsibility, no can be held responsible. It is hard to track anonymous brokers who steal funds deposited to their websites.

Disadvantages of BTCTradings

Accounts offered

BTCTradings Account Types

BTCTradings is furnishing users with six different account types to choose from. Accounts are named Micro, Bronze, Silver, Gold, Platinum, and Diamond. Did you know the minimum required deposit to trade starts at $5,000? It is not the recommended and set industry minimum deposit of $250. What is clear about Btc tradings is they are targeting high end European investors. Claims of having 24/7 customer service is a lie as the website lacks a live chat service platform.

Custom-made platform

Another shocking issue with this platform is having a custom-made platform which is web based. A huge problem with such platforms is they have not been tested for stability. We are also sure this platform does not have proper security features such as DDoS Protection and SSL Encryption. What this means is hackers can easily take over this platform and steal credit card information. Your bank account is also at risk of being swiped clean by these scam artists. It is best to stay away.

No Demo Account

Another huge problem with this platform is lack of a demo account. A demo account gives users a chance to get a feel of how the platform works. Is the platform executing trades at a fast pace? What are the features installed on this platform? These are some of the hard questions we need answers to before signing up with BTC Tradings. A demo account will always give users an idea of what to expect while trading. Without a demo account, users are simply signing up blindly without knowing what to do.

Unresponsive customer support

Another disturbing feature with this platform is having an unresponsive live chat support. What we have is another platform which is clearly stealing from anyone who signs up. When users send email requests in regards to withdrawing, no response comes forward. If you send an email asking how to deposit funds, the response is within twenty minutes. It is clear these scam artists know what they are doing when they ignore withdrawal requests. Investors are to stay away from such online trading platforms.

Are funds safe with BTCTradings?

How can funds be safe with a platform whose owners remain a mystery? Segregation of accounts is also another huge problem as it is not followed. BTCTradings is pooling funds in one account which is not recommended. Bankruptcy or insolvency can occur at any time leading owners to pay with funds on this single account. It is possible users are depositing funds straight to owner’s personal bank account. Best you stay away from a platform whose credibility is in question.

Is BTCTradings a scam?

BTCTradings Trading Platform

After checking all the evidence on our hands, it is clear we are dealing with a rogue platform. BTCTradings is a scam which must be exposed at all times. Stay away from this platform or become their next potential victim.

Why not choose affordable Forex trading robots? For a maximum trading experience, you can choose reliable Forex robots.

Bottom line

We will be adding this platform to our scam blacklist to protect our readers. Stay away from this platform by marking all their emails as spam. Warn your family and friends from signing up with this platform.

We wish all investors a safe trading period.

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One Reply to “BTCTradings Review: Btctradings.com Awry Forex Scam”

  1. If this is the case with btctradings.com that investors money is being paid straight in to theses scammers bank accounts surly it can be traced? Which would make these scumbags responsible, then they should be prosecuted and the people should get their money back, btctradings.com should be shut down rather then scamming more people

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