Review of the company Bitspotrade: a critical look at the broker
Bitspotrade promises profitable cooperation and a high level of service, but traders’ reviews paint a bleak picture. There are allegations in the community of fraud and manipulation. Our research focuses on verifying the legality of the company’s activities, its trading opportunities, and its payment discipline.
Information about the history of Bitspotrade: is it trustworthy?
In the “About Us” section, it is stated that Bitspotrade has been providing trading services for over ten years to clients worldwide and ensures fund security through partner banks. Despite these assurances, the first reviews about bitspotrade.com only started appearing a year ago. The domain registration of the site occurred only in 2020. Information about the founders is hidden, raising questions about transparency and accountability.
The broker does not have a license for financial operations, making trading on the Bitspotrade platform risky and illegal. The absence of an actual company address and unclear legal basis raise concerns about the company’s real activities.
Available trading opportunities on the Bitspotrade platform
Users are offered assets of various types, from currencies and stocks to cryptocurrencies and commodities. The company provides access to trading through the MetaTrader 4 and Sirix platforms, although professionals do not particularly appreciate these tools due to possible manipulations.
Free education for beginners and VIP support for professionals are part of the attractive offer from Bitspotrade. However, the conditions of accounts with minimal deposits look suspicious: the lack of details and high requirements may indicate a desire to lure a large sum from the client.
The company’s fund withdrawal policy leaves much to be desired, so clients face problems when trying to withdraw their money. Furthermore, the minimum withdrawal amount significantly exceeds reasonable limits, making it difficult for users to withdraw funds.
Customers’ views on Bitspotrade: a frightening reality
Reviews about Bitspotrade are clearly not in favor of the company. A wide range of negative opinions indicates customer dissatisfaction and disappointment in the broker’s service. The prevailing opinion is negative about the company’s honesty and transparency.
A call for caution: protect yourself from fraud
By choosing Bitspotrade, you risk running into financial problems. Brokers focused on deceit seek gullible clients to lure money. Be vigilant and study the offer before investing funds to avoid losses.
My experience with Bitspotrade has been nothing short of disappointing. The site promised seamless and efficient trading, but all I encountered were glitches and lags while trying to execute trades. Furthermore, information about their varying fees is not transparent nor easily accessible. When it comes to payouts, I was promised quick and timely transactions. However, I’ve had multiple instances where this was delayed without any relevant reasons provided. Not to mention, their customer service is lacking in every sense, providing responses that lack depth and do not actually address the issue at hand. I would not recommend registering with Bitspotrade due to my negative experience. Their operations seem unreliable and unprofessional. Proceed with caution.
Bitspotrade offers a wide range of trading options and streamlined payouts, though it may not be suitable for everyone.