Unique financial agent review
Not everything that glitters means profit – this principle applies to choosing a broker. Superficial promises and impressive experience are not reasons to rush with registration on their website. This approach can lead to a significant loss. We present Bit Project. There are no reviews about this company yet, but the platform offers beneficial terms. Should you trust them or is it risky? Learn more about an independent audit.
Main information about the financial agent
Bit Project does not disclose the exact date of the company’s establishment and has not provided a detailed development plan. The lack of feedback confirms that the company has been operating recently. Studying the domain history via the whois service revealed the registration time of the bitprojectinc.com website in August 2022.
The website lists contact information in the form of an email, as well as a fake phone number and address of an office in the USA. Surprisingly, the presented coordinates are associated with the well-known investment firm Invesco, which has no connection to Bit Project.
Legality of activities
The broker has not provided information on its regulation or the existence of a certificate of inclusion in the registry of companies. The platform’s internal documents contain absurd conditions that the user agrees to when registering. Furthermore, the company has left a fake American address, and no evidence of registration under the jurisdiction of this country has been provided.
The pseudo-broker’s website is available in multiple languages, including English and Russian. Despite the absence of reviews in the Russian-speaking Internet, Bit Project actively attracts clients from Russia, Kazakhstan, and Belarus. However, the company is not licensed to conduct financial operations.
Trading conditions and financial risks
Bit Project offers several tariff plans, but there is no educational plan for beginners. The minimum amount of loss on the platform is $500. Trading possibilities include access to basic currencies, cryptocurrencies, stock indices, commodities, CFDs, as well as algorithmic trading with a minimum deposit of $25,000.
- You can trade not only with currency but also with cryptocurrency, stocks, commodities, and CFDs.
- Five tariff plans are offered, starting from $500.
- Available leverage up to 1:50, trading signals, educational materials.
No details on payout conditions and commissions are provided. Considering the absence of legal documents, it is doubtful that the company intends to pay out winnings to clients.
Broker work reviews
The lack of reviews about Bit Project may indicate company manipulations. Novices could fall victim to deception and financial pressure, losing significant amounts. Posting detailed reviews will help other traders make informed decisions.
The art of deception by scam artists
Bit Project attracts beginners with attractive conditions, then uses a controlled terminal to simulate successful deals. Encouraged by successes, the trader invests more and more funds, hoping for a profit. Once the user switches to algorithmic trading, scammers start draining the funds. Investors are simply blocked from accessing their account.
Conclusion
Bit Project is a typical scam operating outside the law and not aiming for fair interaction. If you have been deceived, do not waste time. Seek help from professionals to recover your investments.
