The importance of choosing a reliable brokerage company

Thoroughly checking the broker’s legal documentation and analyzing feedback is of paramount importance. Experienced scammers can deceive clients for their benefit at first glance. BisonTrading will face this.

Information about the BisonTrading company.

According to the description, the intermediary company is Bison Global Limited, registered in the USA (the company clearly states that it does not work with US citizens). The website lists the address as: One Pickwick Plaza (Connecticut, Greenwich).

However, in reality, this is the headquarters location of Interactive Brokers Group – a successful broker with huge assets. BisonTrading simply stole this address. This is just the first sign of deception.

Things get more interesting further on. The fake broker claims to have been operating since 2014, although the bisontrades.com website was only created at the end of 2019. The first reviews appeared around the same time. Therefore, all the awards claimed on the website are pure deception.

BisonTrading also misleads regarding legal operation. The portal states that the broker holds a license from the ISMA regulatory body. There is no such license, but it is not needed either. We conducted an investigation of this non-profit organization and found that it only started operating in 2019 and is involved in developing commercial activity standards. The company has no authority to regulate financial agents!

Regarding the license from the Central Bank of the Russian Federation – it’s simply a manipulation in a graphic editor.

Furthermore, there is a typo in the name of the brokerage company (BisonTrayd instead of BisonTrades). Figures from our review were not found in the Central Bank of the Russian Federation registry.

Thus: lies about the duration on the market, a stolen address, unknown real office location of the company, fake licenses.

We also believe that the company is solely focused on Russian-speaking traders. All reviews about BisonTrades are found exclusively on Russian-language websites. The platform supports the use of Russian payment systems (WebMoney, QIWI). European and American brokers do not offer such services. This is characteristic only of companies targeting the Russian market.

What BisonTrades offers?

BisonTrades promises access to trading under the following conditions:

leverage up to 500x,
own trading terminal,
spreads from zero pips,
minimum trade volume – 0.01 lot.

The company does not provide demo accounts for practice, traders need to risk real funds immediately. Minimum losses amount to $250. Let’s look at BisonTrades’ tariff plans:

Basic. Deposit from $250, 20% bonus, 24/5 support, education, webinars,
Bronze. Starting deposit $2500. Additionally: account manager assistance, 40% bonus,
Silver. Minimum deposit $5000, 60% bonus, 1-on-1 mentoring,
Gold. Requires at least $10,000. 80% bonus, personalized trading strategy,
VIP. To open an account, you need at least $50,000. 100% bonus on the deposit amount.

BisonTrades Reviews

BisonTrades tries to hide negative reviews under ordered ones, but these factual reviews can be easily identified by template expressions. In general, customer feedback contains much more negativity. Real clients accuse the company of fraud, trade falsification, and deposit withdrawals.

Detailed analysis of the BisonTrades fraud scheme

Schemers from BisonTrades put on a show of profitable trading to convince clients of the need for new investments. The company has no liquidity providers and cannot have any, as no provider would want to work with a broker without registration and a license.

To withdraw user deposits, the company uses an anonymous terminal. Users are offered an in-house trading platform that makes it easy to trade on the market, but essentially, it is manipulated software. You won’t make money here, but losing it is easy! Take a look at an excerpt from the User Agreement:

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Conclusions on BisonTrades

The BisonTrades company was founded by anonymous scammers with extensive experience in deceiving trusting investors. Fraudsters conceal their identification data and do not take responsibility for losses (which is also stated in the User Agreement). This gang has no legal documentation, all mentioned licenses are fake. Our conclusion: if you want to keep your money safe, stay away from the scammers at BisonTrades!