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BTCMarketz Review: BTCMarketz.com a Shady Broker in the Market

BTCMarketz Review: BTCMarketz.com a Shady Broker in the Market

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BTCMarketz is a company that allegedly has a plan to make investors rich. The entity is diverse and offers over 200 liquidity assets to its clients. You can trade indices, forex, cryptos, indices, and commodities.

The company brags that it is a safe heaven. Therefore, clients will not suffer from the loss of funds. However, it is only a naïve trader who can take an offshore venture seriously. There are better ways to earn, but this company will contribute to your downfall.

BTCMarketz is a venture that lucrative offers for their victims. They provide a leverage of 100 increasing the chances of portfolio growth. Sadly, there is more than what meets the eye. The suspicious entity is accepting traders from all over the universe.

The question is whether this broker has the required documents. Do they offer client safety? How many people can attest that they have earned using this platform? The firm is surrounded by various queries than answers.

We do not recommend this company to the members of the public. The platform is an offshore firm without a history in trading. The survival of this broker is uncertain. The firm can choose to walk out on their customers when they least expect.

BTCMarketz.com Review

BTCMarketz brags that it executes a trade with lightning speed. Additionally, they have world-class trading tools. The praise does not stop there as the firm claims to be an award-winning entity. They allegedly have won several rewards in the market.

However, the broker fails to mention the institutions which gave them any of these titles. They cannot verify that the entity is the best. Furthermore, the performance of this scam is not proven. The features which the company boasts about are false.

BTCMarketz Review, BTCMarketz Platform

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BTCMarketz does not provide fund safety to its clients. They are not working with any financial institutions. Hence, all your money will be deposited in their bank account. It is also absurd that they guarantee no risk to their customers.

We all know that digital assets are very volatile in nature. The platform states that it updates its customers with the latest trends in the market. Therefore, you will never miss an opportunity. Additionally, the company has educational material for newbies.

They guarantee that your trading experience will be better. However, we do not know the quality of information that BTCMarketz is providing. Moreover, some scammers offer necessary information which is easily and freely available from the internet. Invest with transparent cryptocurrency trading companies that are legit.

Trading Conditions

The available assets which the company offers can only be traded against the digital currency. Additionally, the venture has five trading accounts available for their victims. However, this entity does not have a demo account.

The platform is suspicious in many ways, and despite having attractive offers, we urge you to stay away. BTCMarketz has a Web-based trading platform. The entity is dedicated to digital currency trading.

They are offering a huge spread on crypto pairs and a leverage cap of 1:400. It is more than what regulatory bodies approve. Furthermore, it exposes traders to more risks. The losses which you can face with this broker can be devastating.

Furthermore, the assets which this entity is dealing with are highly volatile. We do not know the people dealing with the money of clients or the qualifications that they possess. The method which the entity uses to generate high profits is not known.

Withdrawal and Deposits

BTCMarketz features several payment methods on its website. These include; Skrill, Wire Transfers, Neteller, Yandex, MasterCard, and Visa. However, based on nature which this firm has portrayed, requesting a chargeback will be a futile attempt.

The least amount that investors can cash out is $50.  Withdrawal requests are handled within five business days. The company fails to avail of info regarding the withdrawal fee and commissions. Expect hidden charges from this suspicious entity.

Scammers will never release your money. BTCMarketz is offering bonuses to their customers. Keep in mind that if you fail to read the terms and conditions keenly, you will be shocked. Ponzi schemes have outrageous requirements, and most of the time, you won’t be able to cash out.

BTCMarketz Contact Details

The office address of BTCMarketz is at Nexter Ltd, 2nd floor, Eversleigh House, Cnr Hanover Street Hodges Lane, Roseau, Dominica. The support can be contacted via email at; [email protected]

The platform asks for the full name of their clients, telephone number, and email address. Nonetheless, the physical address of this company cannot be verified. The red flags which the entity has displayed are unavoidable.

We also fail to understand why BTCMarketz does not provide a telephone number. It would be easy to contact them using the phone rather than email. Moreover, the claim of making traders rich while they don’t have enough funds to hire professional support is unrealistic.

BTCMarketz Regulation Status

BTCMarketz claims a DDoS certificate, full data encryption, and two-factor authentications as their security system. However, this does not guarantee that investors’ security is observed. The people that you should be scared of are the masterminds running this broker.

The corporate which oversees the operation of this company is known as Nexter Limited. The venture is located in Dominica. However, the critical thing to note is that the area in which this venture is based does not regulate forex trading or any other investment services.

Therefore, we can boldly say that BTCMarketz is an outlaw that does not offer fund safety. The corporate that manages this broker is linked to several other companies that are similar to BTCMarketz.

Despite the safety claims which the firm makes, it has proven not to be a licensed venture. Therefore, they can disappear from the industry without being traced. The firm does not have a compensation scheme; neither do they segregate investors’ money.

Customer Feedback

BTCMarketz has beautiful offers, and based on the information on their website, investors should be flocking in their website. However, this is not the case, as they have a low rust score. It is odd considering that the company speaks highly about itself.

The broker does not have single feedback from their clients. Avoid being a guinea pig by venturing blindly into a company that does not have a trading history. You will not make money using this entity.

BTCMarketz will disappear, leaving traders high and dry. The safety of your fund is at the hands of the anonymous people running this broker. The entity is not authorized to carry out any investment services.

Final Verdict

BTCMarketz is a scam that makes empty security and safety of client’s funds promises. Trading with this broker will automatically lead to losses. The entity has no intention of making any trader rich. The only thing that you are going to get is disappointment.

The company states that it has a performance score of 89%. However, there is no evidence to support these claims. We are not aware of the methodology which the company is using to generate these high earnings. The company does not mention whether it has trading bots.

Invest with the best crypto trading companies that will not jeopardize your earning. You will earn a reasonable amount of funds while the security of your funds is being observed. The customer support for these ventures is excellent.

 

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