BulletProof Traders Review: is this another Forex Scam?

BulletProof Traders Review: is this another Forex Scam?

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Bulletproof Traders provides investors with professional Forex market ideas and indicators that are profiting. The company provides investors with Forex trading and training services, and in this unbiased review, we go into details regarding their operations.

The company claims to have an outstanding trade performance that is backed up MyFXBook as their trustee. Investors are also guaranteed access to a team of Traders 24/7, and unmatchable experience when venturing with them.

Furthermore, they guarantee 100% transparency and that share every detail with their customers, and they boast of having pocket-friendly services. They also claim to have won outstanding awards for the best performance, and they fail to provide any evidence of the same.

The company even boasts that they rarely fail in trades, and this may be reason enough for you to trust them but not do not be so quick to deposit funds yet. All these allegations may seem legit, but the company does not have any positive feedback to verify their data.

They even calculate that 94% of most trades usually fail, and they are the 6% that generally turn out to be correct. Investors are urged that by using Bullet Proof Traders, they can become full-day traders and even quit their day jobs.

They claim that by following their in-house activities, investors get advantages such as; completing trade plans and learning how to stop trades, entries, targets, and risk management. You’re also provided two real trading Live accounts.

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Investors access live trades that are broadcasted in the member’s area, and you received reports daily. They also claim to trade on two different time frames that vary based on long-term and short-term trades.

BulletProof Traders Review, platform

The trades were independently verified for proven performance by MyFXBook, and you receive the monthly report through the email alerts. The main reason they prefer using MyFXBook is for credibility and transparency purposes, and this seems like a good idea. Review charges investors to use their signals. I’m there professionally generated based on performance statistics. The company claims that ever since 2016, they have helped more than 1000 Traders to become expert traders.

They also allow multiple investors to become consistently profitable traders despite the volatility in the market. They also feature a members-only section and enable you to follow live trades of allegedly experienced Traders.

However, they fail to provide any evidence of the people behind the Investment firm. The kind of professionalism they showcase is questionable. Furthermore, they boast of having top-notch, experienced investors who have been trading for up to 50 years with analytical expertise that beats the competition in the market.

The company promises to guide investors on everything they need to know regarding Forex trading and training. Investors also gain access to the latest Forex news and articles that are set to boost your trading experience.

The company claims to provide investors with more than just trading signals or a trading room session. Customers are urged that by using this software, they will receive the needed support to become Pro-traders.

The company claims that by using the trading signals, investors are set to take between 500 to 1000 pips monthly. Hence the customers expect to earn monthly investment returns amounting to 5% and 10%, which appears reasonable.

There are legit signal providers that you can depend on to make profits for you, and the strategies used will generate reasonable income for customers. Fibonacci retracement strategy is also part of Bulletproof Trader’s winning strategy.

How it Operates

Bulletproof Traders use a neckline trading strategy. This strategy has been able to generate around 85% win accuracy for the investors. They also claim that the main reason for the success of this strategy is using head and shoulder pattern and Double Top Pattern.

The urge investors that these strategies are a gold mine, and they apply them in the day-to-day trading to boost the profits for investors. However, they only talk about the process and fail to provide enough information about how it operates.

Neckline trading depends on price action and the claim that at the moment, it has a substantial, strong resistance and high profitability level. The company also uses an Intraday price pattern strategy. Furthermore, they claim to have done multiple studies up to 50 case studies for every single thread pattern.

They boast that they’ve been able to test all the strategies they use, which are set to generate more than 50% with accuracy for a couple of years. However, it’s almost impossible to guarantee customers’ constant returns; this is because of the high volatility in the trading world.

Regulation and Customer Support

Bulletproof Traders try to seem legit by providing enough information regarding the services. However, they do not provide any regulatory or registration data; hence you may end up falling from a shady platform.

Unregulated platforms do not last for long in the market, and the owners risk facing criminal prosecutions and are probably the main reason this information is left out. The company is generating funds from the public, yet they do not provide any details of the whereabouts.

Unregulated platforms quickly go against the set trading guidelines, and you’re likely to encounter the same while investing with Bulletproof Traders. Most countries have set up measures to protect citizens from scammers.

The company is not recognized by any regulatory body, and deceptively, funds are not guaranteed. The address provided is 988 Klondike Road, Ottawa, ON, Canada, and customers can use telephone contact or email to reach the platform provided us + 18 19329-7956 and [email protected]

However, this does not guarantee that you will receive any feedback regarding your query. Working contact support plays a significant role in earning the investor’s trust in the Investment firm.

Funds Safety

Bulletproof Traders does not guarantee the safety of your funds. You do not know the people behind this company despite the claims of qualification and professionalism. There is no evidence of any payments made to investors besides past trade transaction data from MyFXBook.

The company also does not have any regulatory data to showcase; they are allowed to generate funds from investors all over the globe. Legit investment firms will always provide you with evidence of withdrawals that have been made by customers to earn your trust.

Final Verdict

Bulletproof Traders are operating illegally, and they do not showcase any regulatory data; it will be wise to provide this. The company is well presented but may turn out to be a dangerous scam, and you should be on the lookout before investing your hard-earned money.

However, you can try out these regulated signal providers to generate reasonable returns and lower the risk you may face while trading. The platform tries to seem legit. However, they seem to have also a hidden agenda.

You do not know the people behind the company and the kind of qualification the hold for you to trust me the funds. Therefore the allegation of claiming to have top-notch experience is dismissed since they lack verifiable data..

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