BTSave (Btsave.net) is another Crypto Currency and Forex scam to hit the lucrative trading world. BT Save is purporting to offer a wide array of assets including a guaranteed return of 45%. With these over the moon claims, most online investors have opened accounts without a second guess. What looks like a legit investment and trading platform is another scam. Read this genuine and honest BTSAVE Review for more details.
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Not much is known about this platform as their website keeps shutting down without warning. What we know is numerous complaints were sent to our help desk urging us to investigate. What we found out regarding BTSave is shocking beyond words. BTSave is another well-choreographed online scam targeting unsuspecting online investors. What looks like a legit trading platform at first glance is a scam waiting to pounce. Want to know more? Read this entire BT Save review for more.
Scam artists have decided to clone a trading website to fool investors into depositing with them. Once you deposit with these shitty website, it is the last you will hear from them. Scam artists will do or say anything to ensure their platform appears genuine and honest. What these scam artists have done is use over the moon claims and promises to entice users. With this in mind, we will expose the tricks used by these scam artists. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
Not much is known regarding the actual base of operation with this platform. Website has conflicting details especially with the way to contact them. Looking closely at their contact page, you can see two different phone numbers with different area codes. What this does is throw off investors when it comes to finding these scam artists. Another disturbing feature with this platform is the level of anonymity the website has. Who are the actual owners of this website?
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Can we get the names of the founding members of this website? Why have we failed to get the name of any broker associated with this platform? Anonymity plays a huge part in ensuring no one is help responsible for any misgivings. What we know is anonymity is a scammer’s best friend as it allows them to steal without being contacted. Stay away from this and any other platform with an anonymous character. BT Save is planning to steal your funds and completely go under.
With anonymity being their core feature, we highly doubt that this platform is licensed by any regulatory body. We reached out to various online regulatory bodies to see whether they have regulated this platform. Some of the bodies we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. All of them seem not to know this platform and one already issuing a warning to the public. It is safe to say BTSave is not licensed to provide any trading services to investors.
Why has this platform failed to prove their regulatory status? Without a license number, it is clear we are dealing with an unregulated platform. It is best to stay away from such platforms which have no legal bearing. A sure way to lose all your funds is to trade with an unregulated platform.
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After going through their entire website trying to find any advantage, we couldn’t get any. With all the frustrated members posting negative comments, it is clear trouble is brewing with this platform. What you need to know is associating with unlicensed online investment platforms is highly risky. Remember to always check the license status of any investment platform before committing to them.
BTSave is furnishing users with three account types to choose from. Accounts are listed as Bronze, Silver, and Gold. What we found weird with these account types is they have a high minimum required deposit. Bronze account is the minimum trading account and demands a whopping $1,000 to start trading. Clearly, we are dealing with scam artists who are asking for a high minimum deposit. Industry set minimum deposit is $250 and anyone asking for a higher amount is stealing from investors.
Another disturbing feature with their platform is lack of any information regarding how to deposit. We checked their entire website and could not find any information regarding deposit and withdrawal procedure. Account manages gave them an account number to deposit funds and start trading. Stay away.
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No one knows the type of trading platform this platform is working on. Does BTSave use MT4, MT5, Sirix, or XStation? Without knowing which platform they are using, stability becomes an issue. With a platform which lacks proper security features such as DDoS Encryption and SSL Protection, stability is a concern. Hackers can easily take over this platform and steal personal information such as Credit cards. .
Another problem we noticed with this platform is they have an unresponsive customer support. When users send emails as a way of communication, these scam artists never answer. Numbers used to reach these scam artists are mostly busy throughout the day. Ensure you stay away from this illicit platform or end up being another victim. Some members had deposited over $10,000 and can’t recover even a single cent.
How can funds be safe with a platform which fails to properly secure their website? Segregation of accounts is also another huge issue with this platform. Before you open an account with this scam, make sure to read online reviews. To avoid being another victim, it is good to read what reviews say about a broker. Ensure you take the time to ask around whether a platform has a solid reputation.
Without a shadow of doubt, BTSave is a scam which must be exposed by all parties. It is a shame that such platforms are tarnishing the good Forex trading name. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from joining any of their affiliate programs. Make sure to stay away from such platforms or else become their next target.
We will be adding this platform to our scam blacklist to ensure no one signs up with them.
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Wishing all investors a happy and prosperous trading period
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