ProBTCTrade (probtctrade.com) is a CFD and forex brokerage scam to hit the financial world. Always get to know your products before signing up with Forex brokers. Members of this trading platform have been posting complains all over the web. All we could do was ensure we conducted thorough research to determine the validity of ProBTCTrade. As we always promise to deliver honest and detailed reviews, here’s another one.
First of all, we noticed straight away that this platform is offering a welcome bonus. Forex investors especially newbies should know that this is illegal. Offering bonuses to members is considered an illegal practice among the trading community. Regulatory bodies have been ardent that offering bonuses should be equal to malpractice. Why is Pro BTC Trade doing this?
For starters, we believe we are dealing with a highly effective team of scammers. Reviews such as this are meant to open your eyes to the scam surrounding the web. Offering bonuses is the first red flag we noticed regarding ProBTCTrade. The reason why this practice is rubbished is that brokers will ask for their bonus. Members have been having trouble withdrawing their money since brokers insist on getting their bonus back.
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Notice how the webpage is clear and concise? One mistake these scammers made was having to use the same pictures over and over. Pictures on this homepage have been used previously. Does this shock you? Scammers have used the same pictures on this website and copied it with other known scams. If you have been reading our reviews, you will find that this site is similar to BTCGlobeFX.
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Mistakes such as this are hard to notice unless you really have a good eye. ProBTCTrade has been on the Internet buzz for a few weeks now. If you don’t know by now, many people are complaining of losing their entire deposit with Pro BTC Trade. Reading this detailed review will protect you from signing with this scam CFD broker. Read on to find out other reasons why we believe ProBTC Trade is a scam.
Game Capital Ads Limited is the company claiming to be behind this forex broker. Visiting the about page tells you what this company claims to be all about. Game Capital Ads also claims to produce and deliver trading needs. Boasting of fulfilling clients’ needs, we simply had to dig deeper to find out the whole truth. Alarming things were found in regards to this company. One of the red flags we spotted was that this company is based in Saint Vincent and the Grenadines.
What this means is that when you sign up with ProBTCTrade, you are signing up with an offshore broker. Offshore brokers are notorious for evading taxes and also strict regulations and rules. It also means that members who sign up are not fully protected by the relevant authorities. Scammers know that it will be easier to steal money from you if you can’t reach them. Now, you know why we are up in arms against this Forex broker platform. It’s simply trying to sign as many members as possible before going under.
No, this scam Forex broker is not in any way regulated by any known regulatory body. We contacted the FCA and CySEC to find out whether they have regulated ProBTCTrade. Shocked by their response, we felt members and fellow Forex investors needed to hear the truth. None of these international bodies have regulated Pro BTC Trade. It makes it a very dangerous broker since members cannot trust the people running it.
A sad factor is that this company is not registered. Game Capital Ads Ltd claims to be registered and this is not true. We checked with the registrar of companies and no indication that such a company has ever been registered. Members who have already signed up with this broker have one pitfall to face. Having an assurance of security of funds is not given. It means that when you lose money, you will not be compensated as with legit forex brokers.
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According to their homepage, they claim to operate several platforms. These platforms include web trader, desktop and mobile platforms. The problem we have with their platforms is that we could not download them on our devices. We tried downloading using desktop and mobile platforms only for download to stall at 78%. What this means is that you cannot trade on the go as you should.
The only platform that works is their web trader platform which is also not stable. Web trader platform used by ProBTCTrade is not secure. You can see it for yourself as it does not have SSL encryption protection. Hackers can easily bypass their security and take over the entire website, including taking members’ deposits. Now you have another reason not to sign up with an insecure trading platform that doesn’t fully work.
ProBTCTrade offers four different types of accounts for members to trade with. Members can start trading with the Mini account which requires a minimum deposit of $250. You can also start trading with a standard account for $2500. Gold account holders have to deposit $20,000 while platinum members have to deposit $50,000.
Results found were weird in that users don’t get personal reports on the stock market. Only platinum account holders have this privilege. First of all, why would they make this look so important, you can get personal reports for free. Members don’t need to cough up $50,000 to get this as an extra incentive. Another reason you should steer clear of ProBTCTrade is their bogus claims.
One issue we have with Pro BTC Trade is that they don’t actually reveal who the founding members are. Members don’t know the CEO or developers who made this platform. How do they expect us to trust our money with an unknown entity? Anonymity is key to scam success and we believe this is the reason they don’t want us to track them.
Scammers also hate to receive the wrath of victims as well as law enforcement authorities. You now know the reason why ProBTCTrade is trying so much to remain anonymous.
Yes, we have revealed concrete proof that dealing with Pro Btc Trade is dealing with scammers. The only thing we can do is urge all our readers to stay away from this scam. Never sign up with them and ignore all incoming Spam emails from their marketing team.
With all the evidence produced, we believe no one will sign up with this bogus Forex broker. Your intentions should always be trading safely and wisely.
Always trade with high-ranking and dependable Forex brokers to gain financial freedom. Trading safely and comfortably should always be a priority for legit Forex brokers. The only way to earn money is by getting reputable and recommended Forex brokers. Stay safe and trade with ease.
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