Bitrend is a scam that claims it has the best liquidity in the market. The platform is trading cryptos like BTC, ETH, Ripple, among others. Unfortunately, the scam does not have a trading history. We suspect that there is no trading taking place.
The entity is also trading Currencies, indices, gold, stocks, oil, and cryptos. Multiple loopholes surround this trading company. The platform is allegedly performing research and analyzing the best opportunity for their clients.
Bitrend allegedly provides the best trading environment for its clients. Unfortunately, the firm is bluffing; they have been accused of scamming their clients. A company that fails its customers should be avoided.
The founders of this company are not disclosed. The scam only makes bold claims of making traders rich. However, the entity is not transparent. They also do not feature details regarding their trading conditions.
The platform is allegedly providing clients with the latest trends in the market. They do all the hard work for you. It does not matter what level of trading qualifications you possess. Sadly, this firm has proven to be a scam based on the features clients accuse them of having.
Bitrend claims that they have the best trading tools in the industry. The company is also promising quick riches to their customers. Their leverage is too big, and the risks associated with trading are also huge.
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The main company headquarters are in Marshal Island. It is a red flag since the country does not regulate forex or any other online trading form. The least amount of money that you should deposit is $250.
Trade with legit forex trading brokers in the market. Companies that are reputable are the best in the industry. It is better to deal with regulated platforms. Your money is safe, and the firms will be in existence even in the coming years.
Available trading software
The company is using a web trader, mobile, and FX Trader platform. They do not have the popular MT4 trading platform. Traders will not find this entity ideal to trade with if they are used the later interface.
Bitrend claims that it has won several awards for the time they have been in the market. The entity states that they have the recognition of the best forex trading broker in the market in 2014 and 2015.
Moreover, they also feature another award as the preferred forex broker by most traders. Their other award is from the UK. Sadly, the rewards do not belong to this scam. The company is using false information to deceive clients.
Bitrend.io was launched in January 2020. We cannot fathom how they got to receive an award years before their existence. The company did not even double-check their lies. The platform does not have much traffic, which translates to poor performance.
Bitrend Customer Support
The suspicious trading company boasts of having dedicated customer support. They purportedly operate 24/7 and are easy and fast to deal with. Additionally, Bitrend also features their office address; 25 Old Broad St Cornhill, London, EC2N 1HQ, UK.
The platform can also be contacted via telephone or email address. Unfortunately, the support of this Ponzi scheme is pathetic. Moreover, they do not care about their clients. Existing customers have reposted the company for not being transparent.
The address that the scam features belong to a different dog food company. There is no association between the two platforms. The customer support is also not responding to the query of their customers. Emails go unanswered, and the telephone number is not going through.
Is Bitrend Legit?
NO! The company is operating illegitimately; they do not have an operating license. Bitrend is a company that claims it is located in the UK. Sadly, this is an offshore entity operating in an undisclosed area.
Furthermore, the FCA has already blacklisted this Ponzi scheme. Therefore, trading with them will be all on you. Traders should stay away from a venture that does not have a license. They do not care about their clients.
Bitrend has proven to be untrustworthy. Funds are not safe with this scam. Additionally, the fraud does not have a corporation that oversees its operation. Therefore, trading with them only leads to a bad outcome. The law cannot also trace this Ponzi scheme.
You will never make money using this scam. The best you can do is avoiding the firm and report them to the authority. Their website will become non-operational soon. The fraudsters behind this scam have no intention of enriching you.
Safety of Funds
Bitrend states that it offers a safe trading ground for their customers. Their number one priority is their clients. The scam claims that they segregate the accounts of the company from that of their clients. Unfortunately, this being an offshore company, you should not believe them.
Money deposited in their system is at high risk. The data that you share with them can also be sold to a third party. There is nothing positive regarding this Ponzi scheme. The desperate scam is doing everything to stay relevant.
Their method of payment does not allow investors to issue a chargeback. The money is deposited directly into the scammers’ account. Therefore, you cannot do much after cashing in the money. Never trust an anonymous entity because they only end up neglecting their clients.
Bitrend Clients Feedback
Bitrend is a perfect example of a Ponzi scheme. Investors request traders not to give this company a chance. People have already lost money. Moreover, withdrawal requests are not being processed. Investing with such an infamous company is predictable as it will end in regrets.
The company is ruthless, and despite the pandemic, they are still asking more money from traders. The platform has all sorts of excuses for delaying your payment. Moreover, the firm stops responding to clients’ emails.
The Bitrend entity is also not picking up calls. Their entity only has negative feedback from traders. The deceptive will ask for $250, but you will end up depositing more funds. They promise a high ROI of over 500% ROI.
Their promises sound so realistic, and it will be too late when you realize it was all a dream. The company even claims that they fire some of their account managers when determining why withdrawals are not going through.
Bitrend is unprofessional and will only show you high profits in your account. There is nowhere that you can report them because this is an offshore venture. The awards they use to lure innocent traders belong to legit BTC companies.
Bitrend is a Ponzi scheme that happens to have a beautiful interface. The company is not trading any of the mentioned assets. They are using false account managers who will show you fake profits but will be unimaginable later on the losses.
Their address is fake, and clients are not receiving feedback from the scam. The Bitrend platform has multiple negative feedbacks from their clients. However, they have not responded to any of them. It shows that this is indeed a Ponzi scheme that you should stay away from.
Invest with legit forex trading companies. They use real information to attract clients. Moreover, their physical address is legit. Customer support is dedicated to serving all their traders equally.