Bithore Review: Bithore.co Avoid this Broker

Bithore claims it’s one of the best forex trading companies. The entity claims it has a secure trading interface. Unfortunately, it turns out this is an unregulated scheme. They accept investors from all over the world without adhering to the set guidelines.

The platform is also dealing with cryptocurrency trading activities. Scammers tend to insinuate digital currencies are a get-rich-quick scheme is fail to mention the risk that comes with the process. To thrive in the market, you must have excellent trading skills. You will need to acquire training. 

Otherwise, you will only end up making losses. Bithore allegedly integrates its platform to suit the needs of all its customers. Our primary concern is that the entity does not reveal the experts handling traders’ accounts. Anonymous platforms are dangerous and can exit the industry whenever they please without giving notice.

Instead of risking your safety with such an organization, it is best to look for a reliable crypto venture that will help you earn passive income. These companies put the safety of their customers first. They also handle the withdrawal request in time. You can also count on their customer support whenever you face any challenge.

Bithore.com Review

Investors can integrate their orders by setting take profit and stopping loss. It is also possible to make an advance order with high leverage. Additionally, the broker provides the best order book depth that allows investors to execute large trades. 

Customers can customize their workspaces. They can also set up zero-fee trading. This is achieved by sticking their coin in any investment plan, which unlocks the taker spots and zero maker opportunity. Bithore also allows clients to trade futures with leverage. You can trade several coin pairs on leverage. 

The problem with offshore companies dealing with margin trading is the conflict of interest. They can make you lose funds for them to earn profits. They only look after their greedy needs before you realize it will be too late. 

Bithore has a social trading feature. It allows novice investors to copy the strategies being used by successful traders. These are individuals who allegedly have a record of proven profitability. Unfortunately, we cannot verify that you’ll be emulating expert traders considering this is a discrete broker.

If a company does not have a trading performance, you are better off without them. This is an infamous entity that was recently established. They will exit the market, leaving you high and dry. Recommend dealing with investment companies that have been around for years. The ones that have survived the volatility of the market.

How Does Bithore Operate?

The company has outdone itself in providing adequate information regarding its activities. Unfortunately, we can see through their murkiness, and you are better off without Bithore. The website was designed to defraud innocent investors of their hard-earned money.

It appears the broker is only accepting specific types of customers. It is therefore impossible to register an account without having a referral code. Moreover, the venture only promises huge returns without revealing the technique being used.

Trading Conditions of Bithore

Bithore allegedly has over 40 digital currencies. They provide a variety of coins to allow investors to diversify their risks. Their experts choose the tokens that have a high likelihood of blowing up. The alleged daily market volume is over 1 million euros. 

The entity claims it has been voted the best crypto broker in Europe. Nobody in their right mind would recommend or endorse such a murky venture. In all fairness, no award has been awarded to this scheme. They are only using false information to win over more victims.

Bithore also falsely claims to have been featured in various financial news outlets and magazines. The entity advertises leverage of 1:5. They do not mention the software available for customers. However, we highly doubt there are trading activities in this unscrupulous company. 

The entity only has trading charts. You cannot use these to execute the trade. We cannot guarantee that the trading condition available on the website is what you will get when you register with the company. Refrain from doing business with exposed scammers to be on the safe side. 

Bithore.com Withdrawal and Deposits 

Bithore is only accepting deposits via cryptocurrency. We do not recommend cashing in using such methods when you do not fully trust a broker. It is impossible to issue cashback when you use crypto methods. Additionally, you will not be able to identify the account recipient. 

It is an ideal method used by scammers to cover up their traces. Genuine platforms will have several payment options. Furthermore, this broker does not have legal documentation. It is impossible to know the withdrawal requirements one has to obtain to cash out their money.

Customer Support and Contact Details

Bithore is a company that does not care to reveal its country of origin. Without contact details, it is impossible to go after the culprits. The venture does not have a phone number or an email address. It speaks volumes when an entity does not provide a means of communication.

How would you resolve any problem that arises? The platform cannot afford a quality customer support team. Their determination to remain anonymous is also worrying. Reliable brokers will have a phone number, email address, and even active social media accounts whereby they interact with their customers. Avoid dealing with ambiguous anonymous entities.

Regulatory Status of Bithore

Bithore expects investors to believe it is operating from the United Kingdom. This is one of the areas with strict jurisdiction for investment schemes. The financial conduct authority is responsible for overseeing the activities of brokers. An entity must have a capital of 730,000 Eur before collecting funds from members of the public.

It is also mandatory for investment schemes to report the daily transaction report to the agency. This ensures no unethical activities are happening behind closed doors. Investors can also lose more money than they initially deposited as there is no negative account balance protection.

If Bithore faces bankruptcy, investors will not receive compensation. The authority will also not be able to help you recover your lost amount. This is because nobody knows the actual identity of these con artists. The broker does not have terms and conditions. Therefore, they can withhold the withdrawal process. 

Clients’ Reviews of Bithore.com

There are no client reviews. Therefore, it is impossible to know the experience of those who have engaged with a company before. Investors need adequate information, and you can only get this from users’ feedback.

Some scammers tend to use unethical marketing strategies. They will use false testimonials or pay random people to endorse them. Search for proof of payment or trading performance. You can also read reviews from that parties as they provide unbiased data.

Final Verdict 

Bithore is a platform not worth your time. The entity is illegally in business. They are not regulated, and nobody knows their actual area of operation. The safety of your money is at high risk when you are dealing with these fraudsters.

Try out these profitable crypto ventures that have been in the market for years. The organizations are transparent and reveal all their conditions. The withdrawal process is also swift. 

No, the scheme exposes traders to severe risks.

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?