The BullFX (Thebullfx.com) is a Forex scam broker to hit the lucrative Forex world. No on in their right mind should sign up with this shady broker. Sadly, millions of people had signed up with this Forex scam. Thousands have lost money with this scam and we hope you don’t fall victim to it. Compelling evidence in our hands will show what we are dealing with. Read the full review.
Straight away, we will hand it to these scammers for creating a friendly website. One can easily see why most people would sign up with this brokerage firm. Homepage looks real and it’s what these scammers are going for. The BullFX is nothing but a well thought out scam. Here, we will reveal all the dirty tricks used by these scammers to scam unsuspecting investors. Don’t be another victim and continue reading.
One thing that scammers are good at is giving over the moon promises. The BullFX does exactly this by claiming to be the best at what they do. According to the website, users get amazing low spreads starting at 1.8 pips. It also promises a 0.3 seconds trade execution rate. 1:200 leverage is what you will get with The Bull FX. Question you should ask, is this all true? Read the review below to get the what’s what with The BullFX.
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No one can actually point out who really owns The BullFX. It’s odd that they expect us to deposit our money with a brokerage firm we know nothing about. According to their disclaimer. The Bull FX has been regulated by various jurisdictions. Top among them being Vanuatu which is a haven for offshore brokers. It means that you will never be safe with The BullFX as your money is at risk.
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Why do they have two offices and no known representatives? A legitimate brokerage firm would have at a face to show on their homepage. It would make verification easier but this is not the case with The BullFX. Seems that this broker is going for anonymity which is a dangerous game they are playing. No one should ever sign up with a Forex broker whose reputation is not found within the Forex world.
Another disturbing detail we noticed was the fake charts these scammers have used. Lower spreads chart on the left-hand side has always been the same. It means from the time we started investigating The BullFX, nothing changed. Does this mean that TheBullFX uses a constant price structure? There’s nothing like that in the Forex world. Prices do change constantly and without warning, it means The BullFX is duping us.
Economic calendar on the right-hand side is not actually true. It’s not working and the list is even more hilarious. How can they place companies which are not even listed? We noticed that a few companies in that list are not listed. Also, nothing changes with this calendar. Only thing that changes is the date. You will notice that today’s forecast is the same as yesterdays. These scammers didn’t want you to know this.
Okay, we are sure that anyone can read a journal on the wall street journal and post it on their web page. How about those who copy paste news? It’s a form of plagiarism which these people have done. We notice that they have copied content from a known media company, The Telegraph. Only thing they have changed is the heading to read FX Street. This is unacceptable and outright theft.
Also, we don’t know who actually posts these reviews, it could be no one actually. Best thing they would have done is make us know who posts this news. Is it a professional journalist or a hired web writer who can say or write anything for a few bucks? You should always question these things before signing up with some of these platforms. We are sure even their analysis is all wrong.
Offshore brokers are notorious for avoiding rules and regulations set by the industry. As we said earlier, Vanuatu is a place where scam artists find a place to hide and stash all their loot. The BullFX is not different. Some of the regulatory bodies we contacted have never heard of The Bull FX. It means when depositing, you are opening yourself to huge risks. Best thing to do is have a regulated broker.
CySEC and the FCA which are globally recognized regulatory bodies have never heard or registered The BullFX. It officially means that we are dealing with online scammers. It’s sad that these people prey on unsuspecting Forex investors who don’t have a clue what’s going on. Never sign up with a Forex broker who’s not licensed nor regulated. It would spell doom for you and other members.
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Another red flag that we must mention is the fact that they have a rigged demo account. Demo account of The BullFX has been rigged in your favor. One might think that there’s nothing wrong with this which is actually wrong. What these scammers have done is ensure you make successful trades only. Once you make successful trades, you will most likely want to sign up with a real account.
A real account is different from the demo account. You will lose all your money within no time. It’s better to not open any account with these scammers. Don’t get emotional once you see you are making winning trades with the demo account. They want you to think you can win and then make you deposit a huge sum. Doing this will only expose you to more harm than good. Best thing for you is to stay away.
Without a shadow of doubt, The BullFX is a scam that will cost people millions. Avoid it like the plague and ignore all incoming email urging you to sign up. No matter what you do, never click on any link they send you, you might be targeted by hackers. These people also deal with identity fraud and as such, you should avoid them.
Only thing left for us to do is blacklist The BullFX as evidence clearly shows we are dealing with a Forex Scam. Don’t get caught up with this scam and lose all your savings with a lame Forex broker. Be smart and invest wisely.
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