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Bit1MD Review: Bit1MD.com A Terrible Broker

Bit1MD Review: Bit1MD.com A Terrible Broker

Bit1MD is an offshore crypto trading platform that claims to have the most incredible experience in the niche. They do not only specialize in Crypto trading. They have over 450 assets accentuating forex, stocks, commodities, and indices.

Bit1MD Review, Bit1MD Company

Bit1MD urges its users that when you invest with them, you operate with experts who unlock your financial futures.  However, don’t you think as an intelligent investor, you should consider several factors before making a deposit? Bit1MD does have some shortcomings that prove your funds are not safe. So as you read this impartial review on the company, we highlight the quirkiness they perceive.

Accordingly, you can always count on these transparent crypto trading platforms. For reliable trade outcomes through tried and tested trade methods that they apply. Bit1MD claims that they use a two-pronged approach to attract profits.

Nevertheless, it does not interpret how they operate to beat the competition in the market. Even so, relying on Bit1MD is blindly trading, and you will not earn any profits. You should fully understand how they operate before investing a single dime. So it would help if you only stuck to the demo account until they make more updates on their transparency. 

Bit1MD.com Review

Bit1MD.com bestows all investors a chance to benefit from the platform. Newbie traders can also benefit from the services they offer. Consequently, you should anticipate finding helpful education content. They do not have any video tutorials, webinars, or educational data.

Moreover, trading is not child’s play and education and some trade knowledge come in handy. Therefore, how they plan to transform you into a better trader. With only standard information you can easily find on the internet for free is unknown.

Bit1MD.com promises its customers expert-level services when you invest with them. Additionally, they do not provide you with any data to prove their qualifications. Hence the chances of dealing with people who do not know how the trade world functions are very significant. Bit1MD even fails to reveal who are the founders of the company. 

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Therefore there is no credibility in the software they have. Also, automatic trading is of more significance than relying on humans due to the inability to mix trades with emotions. You can easily stumble for terrible trading tools that will attract more losses your way. Bit1MD fails to reveal the algorithm its software uses, and this is a significant red flag.

How Bit1MD.com Operates

Bit1MD.com does not explain any reliable trade strategies they use. They show so many red flags to prevent you from investing a single dime. They promise outstanding returns, but trading without risk management is tricky. The trading world faces high volatility, and investing with stop loss will help prevent unexpected failures.

Trading cannot always generate constant profits, and you may come across losses while trading. Bit1MD features a web trading platform, or you can download the software on mobile devices. They assure you of fast access into the market through the software.

Bit1MD does not seem to have any trade activities going on because they lack any trade history. Trade data for at least three months or more should help in determining the trade returns to expect.

They do not reveal any profit estimates, yet scammers consistently over project returns. Accordingly, you may come across a welcome bonus on the first deposit of up to 100%, and you should not fall for this either. Hence it would help if you avoid Bit1MD.com at all costs or risk losing all your money. 

Testimonials

Bit1MD features images of alleged customers and short messages of them appreciating the company. However, this trait is commonly used by scammers to lure you into assuming they are legit. Even so, legit testimonies are highly welcoming into any trading entity. 

Bit1MD.com Review, Bit1MD.com Platform

Nevertheless, you can only affirm the customers made profits through trade results. Bit1MD uses stock images, and you should be suspicious of such behavior. Surprisingly you will even be shocked to realize the people whose names are in use have no idea how the company operates.

Bit1MD Funds Safety

Bit1MD does not grant traders any safety of funds or even for your data. In addition, the security of your money should always be a top priority. The company shows a lot of sharpness that proves a hidden agenda to rob all your funds. Also, several factors ought to be of consideration before picking a legit trade platform. 

Bit1MD does not have any transaction information to prove customers can swiftly transact. Accordingly, you should not expect to receive preferential treatment while investing. The company does not provide any data regarding its founders. Bit1MD does not have single positive feedback from clients.

The anonymous people behind the company may even be keeping money in personal accounts while you await never approaching profits. Bit1MD does not have banking details proving your money is in safe hands.

Deposit and Withdrawals

Bit1MD does not reveal what the minimum amount you can invest is. They also fail to mention the finding options you can use. Accordingly, you should always fund your account via credit/debit payment options. Wire transfer and cryptocurrency transactions are irreversible. Bit1MD does not have a refund policy that lets you get your money back after investing.

Bit1MD is going to put you through a tough time when it comes to withdrawals. You will have to request leave and await approval that might take forever. You should always have access to your cash instantly.

Also, if you manage to access your money, you may come across hidden fees that are very high. Bit1MD does not have data of successful transactions, and you should not expect any preferential treatment.

Customer Support

Bit1MD allows you to reach them through telephone and email support. They do not have a live chat section, and they will hardly respond to you after investing your money. Working customer support helps create more trust with the company. Consequently, you ought to receive a response to your queries in due time or even instantly. 

Bit1MD has a location address; Sweetwood Drive Street Boulder, Colorado 80302. The location information they provide is made up and has nothing to do with the company. You can also contact them by filling out a form on the website. You will hardly receive any response to your queries.

Bit1MD Regulation

Bit1MD does not adhere to any regulation because they are not under the radar of any watchdogs. Thus they illegally access funds without following any regulation laws. These regulated crypto trading platforms will generate good returns for you. They feature all the relevant regulation data that you can also verify. On the other hand, the vice versa uses false data, and they hardly provide regulation information.

Bit1MD hides personal data from customers because they risk facing criminal prosecution. The company can barely survive the market for long. They can hardly afford regulation fees, and they will quickly disappear with all your money. 

Final Verdict

The broker does not adhere to any regulatory measures. They can easily break trade guidelines when they want. Trading is not a walk in the park without proper training. Accordingly, Bit1MD.com claims to have an opportunity for everyone, yet they do not have education material for newbie traders. 

These crypto trading platforms will yield profits for you via reliable strategies. Bit1MD does not have risk measures to prevent losses, and you risk losing your hard-earned money. So you should stay away from the shady broker and read reviews from reliable sources.

Does Bit1MD.com have a trading history?

No, they do not.

Is Bit1MD.com a legit venture?

No.

Does Bit1MD.com have a license?

No, the venture is operating as it pleases.

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