Bitorex is a company that has not done much to try and win the trust of investors. The entity is a perfect example of a modern-day investment scam. The platform ironically states that to make money, you need to make great choices.
However, if you are tempted to join this entity, our best advice would be to stay away. The entity state that it has top-notch technology and an expert team. The entity is not a trustworthy broker, and you should not give them a chance to defraud you.
The venture claims that investors will achieve their financial success once they join them. Additionally, Bitorex states that traders will enjoy the transparency. However, they do not disclose the real owner of this platform.
The team is also not credited with raising even more suspicion. The entity brag of having superior services, low commission, and tight spreads. However, this is just a marketing strategy that we cannot verify.
No matter what this entity claim, we believe they are not after helping anyone. They promise fast trade execution. The company is allegedly trading over 300 assets. Moreover, the firm brags of having professional investment strategies.
Bitorex is only telling us what they will do; however, there is no evidence of trading taking place. The company is only the bragging of being the best. We use logic and statistic to determine the viability of an investment firm.
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The platform states that it has an effective risk management strategy. The trading conditions of this venture are mysterious. The entity is accepting both expert and newbies traders. The firm guarantees that it will grow the portfolio of their clients.
Bitorex claims it is trading digital currencies, Forex, stocks, indices, and commodities. The team of this entity allegedly is experienced in dealing with various assets. Traders have nothing to worry about. However, we cannot believe blindly, and we need evidence.
The venture should at least display the qualification that their team has. Moreover, they can also avail their managerial reports. Considering that the entity does not have trading results, you should not benefit from the doubt.
Invest with legit and trustworthy forex trading entities. The companies are the best and deliver excellent services to investors. You will also earn an extra coin using the system. Ensure your research on a company or ask experts whether an entity is trustworthy.
Bitorex brags it has 45 years of experience in the trading world. However, the suspicious firm is lying about its history. We do not know if this shady company existed way back.
Nonetheless, according to Whois.com, the venture was launched in September 2005. The company has been in existence for all this time, yet they are not reputable. The venture furthermore claims it is regulated.
The data is misleading, as we shall discuss later in this review. The entity state that their website is easy to use and welcome investors to try their services. Bitorex promises the best outcome in the market.
The venture claims that it is using a cutting edge tech to deliver the best outcome. Investors can, therefore trade with ease. Their main objective is to cater to their customers. Bitorex brag of having won many awards as the leading trading venture.
The company is a fraudulent firm that claims investors will earn an extra coin. They have not done much to win the trust of their clients. The platform also brags of having favourable trading conditions. We are yet to see what trading with the entity is all about.
Bitorex Withdrawal and Deposits
Bitorex is accepting funds via MasterCard, VISA, Crypto, Wire Transfer, and Skrill. The company does not feature any relevant information regarding the cashing in or cashing out. Therefore, we do not know the least amount of funds that you can deposit.
We also do not know the minimum amount of funds that you can withdraw. The company fails to mention whether they are charging any fee to their clients. Once you request your money, you have to wait for 2 to 5 business days.
We are not sure whether Bitorex is charging inactivity fees for 3 or 6 months. The entity carelessly fails to be clear on the matter. Regardless they are charging a hefty fee of 20%. Legit forex trading companies are lenient
Bitorex states that they are offering the best professional services to their clients. The account you choose is assigned friendly support to guide you. However, the venture does not feature an office address.
The only method available to reach the support is via email. It is not a convenient method, especially when you consider trusting the venture with your personal data. The venture is shady in all ways.
Expect unethical treatment once you deposit funds. Your email will never receive a response. It is a waste of time to trust this entity. Watch out and be cautious as not everything that makes enormous demands will live to their promise.
Available Trading Platform
Bitorex is not providing an MT4/MT5 platform. They have a shady trading platform that shows a lack of professionalism. Moreover, this scam brags of offering multiple assets to their clients. Nonetheless, there are very few instruments available.
Traders are used to the MetaTrader interface due to its ease of use. It is a significant drawdown when this venture fails to access the same. Investors who are accustomed to the interface will not settle for less.
Spread and Leverage
The platform does not specify the leverage and spread that you can expect. However, after trying out their website, we found that the entity avails a leverage cap of 1:500. The spread of BTCUSD is that of 50 pips.
Bitorex Regulation Status
Consulting Group Limited incorporates Bitorex. We do not know where the venture is based. The entity is not licensed. When we tried to determine the company’s whereabouts that supervises their trading activities, our attempt bore no fruits.
Multiple LTDs are using the same name. Therefore, it is hard to determine which one oversees Bitorex. However, the venture state that the Marshall Island government regulates it.
Unfortunately, the country does not regulate forex trading. Hence, this scam is bluffing; we fail to understand how this venture has serviced in the market. The suspicious company has the guts to claim it is a regulated forex company.
Bitorex is lying about its regulation status to scam more innocent clients. Trade only with the best-licensed ventures in the market. It will save you much trouble. Your safety will also be guaranteed.
Bitorex is a scam that claims to offer groundbreaking trading activities. Their trading tools will allegedly ensure you manage your risks. Additionally, the venture also states it maintains a high level of transparency.
Sadly, the entity is a Ponzi scheme that does not care about traders’ needs. They will treat you unprofessionally. The company has also paid its marketers to leave positive remarks behind. Do not believe a word that you see regarding this scam.
Venture with trustworthy, reputable forex trading software. You will be able to trade automatically with ease. You can also monitor your account whenever you please. These platforms do not have any intention of stealing from their clients.