Bithandel Review: Forex Scam Exposed

Bithandel Review: Forex Scam Exposed

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Bithandel ( is another Cryptocurrency scam platform stealing from anyone who deposits with them. With digital currency trading being a top rated market, scammers are creating ways to steal from investors. And this is what Bithandel is doing with their self-proclaimed best trading platform. Members have started coming out disgusted by the intrigues surrounding this illicit Cryptocurrency trading platform. Make sure to read this genuine BITHANDEL Review for more details.

Bithandel Review

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Bithandel Review

Complaints have been received by our help desk from users of this illicit crypto trading platform. Members are crying foul after having their accounts blocked with no reason given. From the look of things, Bithandel is planning to shut down once they have their fill of their pockets. And this is why we must expose these scam artists to keep the Crypto trading name clean. Investors are urged to conduct a thorough research before signing up with online trading platforms. Reading reviews from a trusted expert is one way to know what to expect with a platform.

Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away. These are scam artists who will do or say anything to make sure your funds are in their pocket. By claiming to be experts in this field, they create compelling websites just to fool unsuspecting investors. And this is where we must draw the line and expose these scam artists for who they really are. Stay away from Bithandel or else risk becoming their next potential victim.

About Bithandel

CHP Holdings Ltd is the company listed as the owner of this website. From the look of things, this is another platform which is based offshore. According to details posted on their homepage, the platform is located in St. Vincent and the Grenadines. Now this is an area known for harboring would be scam brokers. The place has no Forex regulatory authority which makes it a haven for scam platforms. Be careful when dealing with offshore brokers who come from this region.

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Another disturbing feature with this platform is anonymity. Anonymous online trading platforms are a huge problem. No one knows the name of the founding members of this platform. You can’t get to see the names of people who are running this website. And this is where we draw the line with anonymous websites. They are simply rogue and will run away with your money at any given time. Trying to recover funds is next to impossible as the scam artists are unknown even to brokers.

Is Bithandel licensed or registered?

Disclaimer at the footer of their homepage claims that the platform is licensed and regulated. Scam artist will do or say anything to make sure their platforms appear legit. As we said earlier, St Vincent and the Grenadines does not cover Forex brokers. We urge investors to be careful with such platforms which tend to be anonymous.

We reached out to other leading regulatory bodies to confirm the regulatory status of this platform. Some of the regulatory bodies we contacted include ASIC, CONSOB, and CySEC. All of these established regulatory bodies have never heard of this platform. Another problem with this platform is they don’t have matching certificates to validate their claims. One would expect the platform to have matching certificates and documents to validate their license number. And this is proof we are dealing with a hoax.

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Advantages of Bithandel

We could not find any advantages of dealing with this illicit platform. Members of the platform are coming out daily with complaints of being shown the door. Make sure to stay away from this platform and use only reputable online brokers. Dealing with this platform is a waste of money and time.

Disadvantages of Bithandel

Account Types

Bithandel Account Types

Bithandel is furnishing users with four different account types to choose from. Accounts are listed as Silver, Gold, Platinum, and Diamond. The most basic account demands a deposit of $50,000 to start trading. These bonuses are an illusion to make investors deposit more hoping to get funds from the platform.

Demo Account

A huge problem with this platform is failure to give users a demo account. With a demo account, users get to know the features Bithandel is offering to users. A demo account will also give users a chance to know how fast a platform executes trades. Without a demo account, users are signing up blindly which is what the scam artists intend.

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Payment Methods

When it comes to depositing funds with this platform, the broker has this area well-covered. Depository channels include Bank wire, Coin Corner, MasterCard, Visa, and others. Once you deposit funds, this is the last you will see of it. Withdrawing funds is still the biggest obstacle facing members of this platform. No member has come out with proof of ever withdrawing funds with this platform. Any review claiming to have a member withdrawing is simply a paid review.

Trading platform

Another problem with Bithandel is having a platform which is unstable since it lacks basic security features. Lack of DDoS protection and SSL Encryption is proof we are dealing with a rogue platform. Hackers will take advantage of this loophole and steal valuable information. Make sure to stay away from the platform.

Security of funds

Stay away from this platform as your funds are more likely to end up in other people’s pockets. Never expect any compensation as the platform does not participate in a compensatory scheme. And this is why you should avoid the platform.

Scam or legit

Bithandel Trading Platform

Evidence is clear; Bithandel is a scam waiting to rip off from anyone who signs up. Make sure to stay away from this platform and ignore all pleas to sign up. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from signing up with this illicit trading platform. Ensure you use regulated platforms at all times and enjoy safe trading conditions.

Final thought

We will be adding this platform to our scam blacklist to ensure no one signs up with them. Exposing the platform will make investors think twice before opening an account with them. Stay away from this platform or else risk being their next victim.

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Wising all investors a happy trading experience.

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