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Best Forex Team Review: Is BFT a Scam?

Best Forex Team Review: Is BFT a Scam?

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Best Forex Team is a copy trader developer who makes overboard claims and promises. The reason behind this BFT review is the vendor’s claim of offering $100 for every trader level. What looks like a forex robot also doubles up to be an account managed fund. By claiming to invest with the trader, a few users have signed up. Those who are finding it hard have sent us an email asking us to review the Best Forex Team. It is precisely what we did.

Best Forex Team Review

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About Best Forex Team

There’s not much to say about this platform as their website is down. The developer has opted to sell the platform via social medial platforms. Facebook is where the platform is selling, and it also has some issues. We determined that the Facebook page is not working as there have been no recent posts. It seems that the vendor is all talk and no work. With no results to show the platform funding users, we feel that this is bait. Naïve investors are led to believe that the developer is funding accounts, which is not the case.

Best Forex Team (BFT) is another faulty product that we must expose. Due to the rising cases of complaints, we dug deeper to try and find the problem. It seems that the developer will eventually ask users to deposit their money. The $100 funding claim is used in their demo account. Users are led to believe that the demo account is a real account. After making a loss of profit, users have to deposit their hard-earned cash. To withdraw funds if you have made a profit, you must deposit $500. And this is where we draw the line as the platform is a complete hoax.

Assets covered by the provider

The platform is only dealing with Forex assets even though they don’t indicate it. From the pictures we have seen on their Facebook page, they offer one currency pair. It is a disadvantage for traders to only have one central currency pair to trade with. Investors want a pool of trading assets to enable them to cover the market. With a single EUR/USD pair, the platform is not commendable. Another issue with the platform is the failure to inform users of the available assets. An actual developer will be open on the assets available to users before they even sign up.

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Best Forex Team License and Registration

Best Forex Team Facebook Page

Best Forex Team is not yet licensed or regulated to offer any trading services. For starters, the platform has no business address. It seems the vendor wants to remain anonymous, which is a sign of problems to come. No regulator on earth will give a permit to an unknown entity. We also believe that the platform is more likely to offer users biased services. The vendor will not pass the required tests to get a valid trading license. No security deposit is made by the platform to protect investors.

We checked with various regulatory bodies in the different jurisdictions for confirmation. From CFTC, FCA, and NFA all have not heard of this platform. It means that anyone who signs up with the platform is bound to face a security risk. Once you deposit funds with such a platform, there is no protection. In case the investor wants to file a chargeback, the vendor does not offer a money-back guarantee. It is the main reason why we insist on using industry-recommended trading tools.

Business owner

Anonymity is a problem when it comes to online trading. Any anonymous investment platform should be treated with caution. There are a lot of issues associated with the platform in question. For one, they fail to indicate their official home address. We don’t know the actual people behind the platform, which is another scary part. It is the reason why we must be vigilant when it comes to such products. The developer may decide to close down the shop at any given time. With the platform shut down, users who made deposits will have a hard time withdrawing.

Comments from members

There have been no positive comments we have seen so far. We checked with various trading forums for any comments on the platform. What we saw were paid freelancers who posted positive articles on the platform. The owner later brought down these articles for unknown reasons. We believe that traders started pointing out the websites that shared positive articles. It is the extent to which scam artists will go to steal from users. With a false statement, users will sign up without having a second guess.

Domain details

As we stated earlier, the platform used to have a domain, but it’s not working. The vendor is using Facebook as a way of enticing users to sign up. With their previous domain, users would sign up and offered $100 in their accounts. A vendor that does not have a working domain should be enough reason to suspect them. Stay away from the vendor as they are an official blacklisted product. None of the trading community members want to associate with the platform.

Features of Best Forex Team

Best Forex Team Features

To deposit funds with the platform, the vendor insists on having an eToro brokerage. It means that the platform gets a commission for every member they sign up. It seems that the platform also doubles up as an affiliate program for eToro brokers. What we find odd is that this is a common marketing strategy only found in the binary trading world. It could mean that the vendor was and is probably still claiming to be in the binary niche. Investors should know that binary options is a dead market.

Pros and cons of Best Forex Team

Available accounts

Best Forex Team is furnishing users with two types of trading systems. One is the Copy Trader, and the other is manual trading or bankroll builder. The Copy Trader is a 100 percent automated tool that they claim has a high accuracy level. We could not find the exact accuracy level the platform claims to have. The Bankroll Builder was supposed to be rolled back in 2014, but we could not find it. It seems that the vendor probably does not offer any realistic trading services.

Contact and support

The only way to make contact with the platform is through social media channels. Sadly, the vendor does not have a working website or home address. Users can’t make direct calls to the vendor or send emails. It is a sign that the vendor wants to remain anonymous and have no contact with users. These are clear scam artists who wish users deposit funds and later shut down the entire program. We have seen this type of trading platform,and they end up stealing from clients.

Price of Best Forex Team

One will notice that the vendor does not put a price on the two available trading systems. What they do insist on is offering a free $100 to anyone who signs up. Users should be careful as there is nothing free with this platform. There are some strings attached as the vendor will not allow anyone to deposit funds with the platform. It is the main reason why we have some complaints after investors deposited funds with the platform.

Scam or Legit Best Forex Team

Best Forex Team is a scam,and the proof is there for everyone to see. There has not been a single member who has come out with evidenceng any money. We also believe that the platform will soon shut down after more and more reviews are done. It is best to stay away from the platform as it is an apparentom line.

Bottom line

We won’t be recommending a platform that is anonymous and offers no client protection.

Stay safe and use industry-recommended forex trading robots. These robots are what you need to get ahead of the trading world. What are you waiting for? Sign up with authentic forex trading robots that protect your investments. It is the secret to success when it comes to using the best trading tools.

Our entire trading team wishes everyone a profitable and safe trading experience.

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