Bitcoin Code is another in the sea of alleged trading bots. Each of these promises tremendous success in the crypto market. Some offer connections to “partner brokers,” while others provide their own trading software with bot integration.
All in all, rarely do some of them actually bring profit. Our Bitcoin Code review will highlight why to stay away from this particular one.
Bitcoin Code is an anonymous firm bragging about immense trading software. Their website advertises superior technology, an award-winning app, and a highly accurate market analysis.
However, they forgot some basic things, such as providing us with information about headquarters and the company owner. According to the Terms and Conditions, the governing law is the law of the UK. By that logic, Bitcoin Code’s regulation must be with the UK financial authority, FCA.
To nobody’s surprise, this bot is unlicensed as they get. We couldn’t find it in the FCA, ASIC, or BaFin databases or with any other Tier 1 license provider. In fact, we found a number of complaints from deceived consumers.
If you’re one of the unlucky victims, don’t hesitate to share your story with us.
Bitcoin Code places its fraudulent ads all over the globe. The majority of their traffic comes from the following countries:
Despite their own disclaimer proclaiming that they don’t operate in the US, we see them onboarding US residents. It’s proof you cannot rely on anything you read or hear from their employees.
Unlike many of its counterparts, including Bitcoin Trader, this site claims to offer access to trading software. Bitcoin Code trading platform is advertised as web-based software with no downloads or updates required.
However, no WebTrader can come close to MetaTrader by far. Both MT4 and MT5 provide an extensive range of trading tools, including features such as Expert Advisors and social trading.
Additionally, as third-party software, they offer a higher level of protection for your funds. If a broker closes the domain, you will still have access to the software and be able to prove how much money you’re owed. Such a thing doesn’t exist with WebTrader, as it’s gone along with the broker site.
Bitcoin Code says to offer a mobile app for easier access. However, this goes directly against their advert about “no download required.” You surely won’t make any money with fraudulent trading software with or without the app.
Once you register, you can try out the Bitcoin Code Demo account. However, it will bring nothing good. Yes, you can see some fake numbers on your screen while also providing all your personal information to an unregulated scheme firm.
A trial account is only helpful if you can test the trading system risk-free. Having your data misused or sold to other scam firms doesn’t count as no risk, which is why we advise you to avoid Bitcoin Code altogether.
In fact, once you register, you will face a lot of pressure as broker employees will constantly call and ask you to upgrade to a Live account and deposit a minimum of $250. We’ve found numerous reviews indicating that the company provides your data to several other brokers, who all call day and night.
While the deposit process is relatively straightforward, the Bitcoin Code withdrawal is not specified. We don’t know about available payment methods, nor do we have any idea about how long it takes for investors to get their payouts.
According to reviews, we doubt it’s even possible. Once you invest, you’ll be convinced that everything will go smoothly. WebTraders are easy to manipulate and can display fake profits. This is why scam firms choose them over credible platforms.
Then, you will be asked to invest more and more until there’s nothing left. And when you ask for a withdrawal, your request will be denied for various reasons, but nothing remotely sensible. This is when you’ll understand you’re being scammed all along.
If you lose your money to Bitcoin Code or any similar online trading fraud, you need to report it immediately. Global Fraud Protection works tirelessly to help victims get justice.
Don’t hesitate to share your story, and we’ll connect you with our chargeback experts and CipherTrace crypto analysts. Tracking funds is possible, but the reversal depends on how quickly you file a report. So do it now! Book your free consultation today!
Bitcoin Code is an unregulated trading project to avoid. If you have already invested your hard-earned money, we’ll be glad to assist you with this matter.
Bitcoin Code advertises a risk-free Demo account to lure you into registering on their site.
Bitcoin Code has a mobile app. However, it is worth nothing without proper authorization.
Bitcoin Code is an unregulated trading project to avoid. If you have already invested your hard-earned money, we’ll be glad to assist you with this matter.
Bitcoin Code advertises a risk-free Demo account to lure you into registering on their site.
Bitcoin Code has a mobile app. However, it is worth nothing without proper authorization.
The post Bitcoin Code Detailed Review of a Trading Scam appeared first on Global Fraud Protection.
