Customer Reviews of Bullquote Company’s Work in 2022
Let’s talk today about the company Bullquote. Statements about high level of customer service and interesting cooperation conditions sound tempting, however, opinions on the Internet vary, and most reviews have appeared relatively recently. After analyzing the legal documents and commercial offers of the company, we are ready to share the results. We recommend waiting with registration, as the intermediary has many dark sides.
Main Facts about Bullquote
Bullquote emphasizes authoritative awards for 2020-2021, but remains silent about its work experience. A whois check showed that the bullquote.com website was launched over five years ago.
There are several important facts indicating artificial inflation of the company’s age and fake awards. Firstly, in 2018, this domain was put up for sale for a nominal amount. Secondly, it was found out that in December of last year, Bullquote acquired a website and began to fill it, completely copying the content from the well-known broker Pepperstone. This information is preserved in the web archive.
According to clients, we are dealing with a new project, as evidenced by reviews that have recently appeared, mainly on foreign forums. Russian-speaking traders have not yet encountered these scammers.
Legitimacy of Activities
There is no legal address, scanned copies of the registration certificate, and a broker license on the platform. However, internal documents state that Bullquote operates in accordance with the legislation of the Marshall Islands.
99% of registered intermediaries there are financial scammers who refuse to work honestly and pay profits. And as it turns out, even Bullquote is not registered there. This is a fictitious company that exists only on the internet.
Trading Conditions
Bullquote offers over 1,200 instruments on its platform, including CFDs on currency pairs, commodities, stocks, and ETFs. The pseudo-broker promises fast order execution, low costs, and high liquidity, although in reality, it does not even have access to the interbank market.
The scammers decided to skip the demo account. After registration, you need to choose a tariff plan and deposit funds. Several types of accounts are available:
- Basic – from 250 EUR,
- Silver – from 5,000 EUR,
- Gold – from 25,000 EUR,
- Platinum – from 100,000 EUR.
Depending on the chosen plan, the leverage ranges from 1:50 to 1:400. The size of spreads is not specified, but webinars, educational courses, 24/5 support, and market reviews are promised. Platinum also includes an investment plan, participation in events, and free trading signals.
Company Reviews
As of now, the Bullquote company does not have a Russian-language version of the website, so traders from the CIS countries are not rushing to cooperate with it. Reviews about the company are mainly found on foreign forums.
Users indicate that this is another fraudulent project that leads to financial loss.
How Scammers Operate
The scammers from Bullquote disguise themselves well and know how to hide the truth. They aim to keep the trader hooked to extract the maximum profit from them. They stage profitable trading and show balance growth.
When a significant amount accumulates in the account, the investor may try to withdraw the profit. In response, they will be told that to do this, commissions and insurance (up to 50% of the withdrawal amount) need to be paid. Regardless of the chosen path, the user will face an account block. Falling for the scammers’ tricks, the victim will lose even more.
Review Summary
The scammers from Bullquote operate according to a standard scheme. They rely on gullible users willing to take risks in search of profit and ignoring the absence of documents and evidence of fund withdrawal. After realizing the deception, the losses can be significant.
It is not worth risking cooperation with this dubious company, Bullquote will not allow you to earn on trading. Its “kitchen” only creates an illusion of trading on financial markets, while in reality, access to liquidity is absent.
