Bitsterzio broker is probably the funniest attempt of a trading firm we’ve had a chance to overview. The company has all the right sections and tabs on the website, but they’re all full of nonsense.
If you read the Regulation section carefully, you’ll see that this company highlights all the reasons you should avoid them. This detailed Bitsterzio broker review will give you everything you need to know.
The Bitsterzio Regulation tab tells us all about the importance of a license. Namely, the company says it’s bad to trade with unregulated firms since they can vanish at any time. Also, you have no fund security.
Since the only license that Bitsterzio allegedly holds comes from CCA, Crypto Conduct Authority, all the risks you read about can apply. It’s not a real regulator and, despite false claims, you won’t get 100,000 EUR back.
Upon checking credible authorities such as FCA, ASIC, BaFin, and CONSOB, we found nothing about the broker Bitsterzio.
Bitsterzio is an odd attempt at a trading platform. The firm operates without any valid regulations, hiding behind CCA – a false regulatory body. If you want to save your funds, the best would be to avoid the company.
The broker is registered with Crypto Conduct Authority. CCA is an independent regulator formed by crypto enthusiasts. Thus, it’s not a genuine regulator, and its license is worth nothing.
You’ll find no information about the company owner, legal jurisdiction, phone number, or email if you read the alleged license. Therefore, it’s clear that such regulation cannot be serious.
According to the FAQ section, the Bitsterzio trading scam is active all over the globe. The majority of complaints come from:
The brokerage has been active since June this year, and you can already find tons of negative Bitsterzio reviews.
Since the company couldn’t gain a good reputation, its advertising strategy is based on aggressive “get-rich-quick” ads placed on Google, Instagram, Facebook, and other social media. Once lured, clients will need to provide their email and phone to broker employees.
These same employees will start calling, sending texts, and emails and each offer will sound better than the previous. Note that it’s just a tactic to lure you into investing.
Then experienced account managers will do everything in their power to wipe off your life savings. They can add you to private Telegram and WhatsApp chats and send you “special” trading signals.
Finally, even if you don’t sign up, they can approach you through false Facebook and Instagram accounts with unbelievable stories about profits.
This is what you can read on the broker’s home page:
With our easy signup requirements, professional account managers to accompany you, and unmatched customer support, we are sure to help you set your foot into online trading just the right way.
Sounds inviting and comforting, right? Well, think twice.
Despite what this phony broker might promise you, the truth is that they’re interested in your funds and nothing else. They may go as far as pressuring you to download AnyDesk, TeamViewer, or a similar remote desktop access app.
Through it, they can access your online banking or crypto wallet and transfer all your funds to the company’s account.
Bitsterzio Forex broker is not here to help you but themselves.
Another issue we faced was reviewing the Bitsterzio trading platform. The company claims to offer the most advanced trading solution that will make you forget about outdated trading. Instead, you’ll be able to join advanced systems, such as social and algo trading.
Upon registering an account, we were prompted to enter a referral code. Since we haven’t obtained one, we could not check these allegations.
Bitsterzio login is allegedly enabled from a mobile app as well. Both Android and iOS users should get access to their unique apps.
Yet, without a referral code, we were again prevented from reviewing the platform.
CFD trading is enabled through:
The broker offers leverage of 1:400. As per fees, customers will need to pay swaps and spreads. If you want details about it, it’s stated that you need to call the brokerage.
One of the main advantages the company lists for crypto trading is the ability to deposit funds directly through crypto. While the leverage goes up to 1:10, all the major regulators have a cap of 1:2 due to high volatility.
Customers can trade in several cryptocurrencies, including:
The whole section dedicated to fees and charges says virtually nothing. According to it, customers will have to pay spreads and swaps to trade, while there’s no commission to use the platform.
Yet, nothing is clearly specified. Instead, customers are instructed to contact the brokerage and get details. This is rather impractical and leaves space for price manipulation.
Customers can choose one of the seven Bitsterzio trading account types on offer:
The only difference is the increased number of risk-free trades and more educational materials. Nothing worth your time or money.
Bitsterzio Demo account might be available, but we cannot access the account. As explained, the broker insists on a referral code so that they can control who becomes a client.
Instead of wasting your time with a bogus broker such as this one, you can find a legit firm. They allow low initial deposits, reliable trading software such as MT4 or MT5, and risk-free accounts that can be accessed with no hassle.
The company has two kinds of affiliate programs – promotional affiliates and affiliate partners. The first are those who promote the brokerage via social media and blogs and suggest that their friends and family join.
The second would be broker’s associates, such as platform providers that advertise their brand.
Upon bringing in new customers, both types get certain rewards. This is to be discussed over the phone as everything else is with Bisterzio.
Another thing we’ve learned about this fraudulent broker is that it asks customers to pay withdrawal fees in advance. While the website claims that the company charges no deposit or withdrawal commissions, the truth is a bit different.
Customers are asked to pay bank transfer fees and taxes before their requests are approved. Yet even those who went along and paid never got a penny back.
Instead, their trading accounts were frozen, and the broker stopped contacting them.
If you find yourself a victim of the Bisterzio scam, it’s not the end. You can still try and get a refund.
Bitsterzio is an online trading broker without a trading license. Since the firm is entirely anonymous, we advise you to stay away. If, on the other hand, you’re already involved with them, we may be able to assist you with the recovery process.
Bitsterzio might offer a Demo account, but it’s impossible to access. The broker requires clients to have a referral code when signing up for trading.
Yes, Bitsterzio gives you a deposit bonus right when you join the firm. Yet, the terms are unknown.
Since the broker is unregulated and gave us a false license, we believe that your funds are not safe.
Bitsterzio is an online trading broker without a trading license. Since the firm is entirely anonymous, we advise you to stay away. If, on the other hand, you’re already involved with them, we may be able to assist you with the recovery process.
Bitsterzio might offer a Demo account, but it’s impossible to access. The broker requires clients to have a referral code when signing up for trading.
Yes, Bitsterzio gives you a deposit bonus right when you join the firm. Yet, the terms are unknown.
Since the broker is unregulated and gave us a false license, we believe that your funds are not safe.
The post Bitsterzio Review – Bitsterzio.com Is a Scam, Read the Facts appeared first on Global Fraud Protection.
