Btcoinpro (Btcoinpro.com) is a CFDs and Forex scam that is swindling users. This rogue broker came to our attention due to numerous email complaints sent by some members. According to their homepage, they claim to be the world’s leading social trading platform. They claim to deal in stocks, crypto currencies, and trading CFD with different underlying assets. Read this detailed and eye-catching review to find out the whole truth regarding BTCOINPRO.
It always pays to read reviews about a certain broker before deciding to deposit with them. In many cases, reviews help to paint a better picture about the broker and the products they are selling. What scammers do for a living is to scam people by enticing them with fake services. BTCOINPRO is no different as they have used the same old tactics. First trick they do is create a enticing website that’s easy to believe.
Claims and promises are a must have recipe for a scam to be regarded as successful. These scammers have used claims such as fastest way to buy and sell Bitcoin. With claims such as these, it’s easy for unsuspecting investors to sign up with them. Claims of having advanced trading platform can be seen on their homepage. Folks, don’t be enticed by what the naked eye sees, there’s more than meets the eye.
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According to the disclaimer at the footer of the homepage, this broker is owned by International Group LTD. This company is apparently incorporated under the laws of Bulgaria. They claim to have a regulation number 205540778 which we can confirm is simply a random number. Problem with all this disclosure is that it doesn’t really reveal who the owners really are. Who exactly owns Btcoinpro?
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A real brokerage firm would leave names of people behind their platform. They would at least give names of people who participated in creating the platform. Failure to do so is a declaration that this is an anonymous entity. Anonymity is a dangerous character when it comes to investing online. Simply put, never put your money with an entity you know nothing about. Btcoinpro is one such entity.
Facts on our plate clearly show that this broker is not registered by any regulatory body. This means that they are operating without a license. And this is what scammers do, start operating without proper having to follow protocol. What this means is that Btcoinpro is not licensed to conduct any forex business on behalf of third parties. This is a dangerous game Btcoinpro is playing with investors.
Where is their registration or licensing documents? A legitimate platform would have posted registry details for all to see. Why have they not posted these important documents? They don’t have them to begin with. Being a scam, you don’t expect them to have any licensing documents. What we also discovered is that their regulation number is fake. Algorithm used to give regulation number is not with that sequence.
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Btcoinpro offers users three different account plans to choose from. They include basic, ultimate and premium. Basic account holders are required to deposit 0,1 BTC in order to start trading. This plan comes with a personal expert, one click trading, 5 risk free trades, and full education. Ultimate account plan comes with a minimum deposit requirement of 1BTC. This comes with VIP expert and personal tax adviser.
Premium account holders are required to make a minimum deposit of 0,3 BTC to start trading. It comes with a professional expert, one-week risk free trading experience. This account comes with 100% trading bonus. Folks, these are all ploys meant to entice users into signing up with this broker. Don’t sign up with a broker who gives you a high bonus. Why would they give you such a huge bonus to begin with? To entice you to sign up.
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Once you sign up with this broker, you are on your own. There’s no way that you can contact this broker as all avenues are closed. This is a sure sign that these brokers don’t want to be contacted by anyone. Want to see what we are saying is true? Click on the 24/7 live support tab at the bottom right hand side. You will be immediately taken to a new page where you get to see frequently asked questions.
This is simply no way of claiming that this is a support center. How does BTCOINPRO expect users to get help? Sending emails will not help as emails may take months to get a response. Only scammers avoid having to chat with members because they are afraid of the backlash. These scammers are afraid of the backlash that victims and authorities will throw at them. That’s why they will remain anonymous.
Folks, funds are never safe with an anonymous broker. You can easily see why we are against use of this brokerage firm. Does this broker segregate accounts? No, BT COIN PRO does not segregate accounts. This means that members are depositing money straight to one bank account.
Does Btcoinpro participate in a compensatory scheme? No, this broker does not insure member funds and thus, does not compensate users. Once you lose money trading with this broker, there’s no safety net. With real and legit brokers, the first thing they do is make sure funds are safe from unforeseen damages or loses. This broker does not care whether you lose or win, they simply want you to deposit with them.
This is another problem that’s rampant with Btcoinpro. When it comes to depositing funds, they have perfected this avenue. They have covered all the depository requirements and users can deposit funds using various channels. These channels include Visa, MasterCard, and Maestro. This is not a reason to go and deposit with them, there’s more to it. Next, you will know why this is an awful broker.
When it comes to withdrawing, this broker will never allow users to make withdrawals. And this is where the biggest problem lies. Why would they not allow users to withdraw their funds with them? Once they get their feel, they will shut down their website without any notification. It’s best to stay clear from this broker.
Without a shadow of doubt, Btcoinpro is a scam that has no end. This broker’s intention is purely to get investor’s into signing up with them. Once investors sign up, there’s no way of getting a hold of these brokers. Mark all their emails as Spam and never click on any links sent by them. This broker has a vigorous email marketing promotional team that sends emails in droves.
From the levels of anonymity, to not being registered, only one option is left for us. Ensure that you stay clear from this broker and sign up with recommended and recognized Forex brokers. Remain safe at all times.
Sign up with Reliable and Reputable Forex brokers at all times. Real and Recognized Forex brokers ensure your safety at all times. Start making real money with certified and vetted Forex brokers today. This is a sure way of making real profits with Forex trading.
Finally, stay clear of scam brokers, thrive to make money with approved Forex products.
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