Bitcoinwelt.co Review: A Terrible Forex Broker

Bitcoinwelt Review
  • Regulation
  • Customer Support
  • Fund Safety
  • Proof of Payment
0.5

Summary

Bitcoinwelt does not feature any banking information to show that your funds are in safe hands. Also, controlling the operations in the company is unknown, and they may be keeping funds in personal accounts. Thus the only beneficiaries are the criminals behind Bitcoinwelt.co. 

Bitcoinwelt.co is a shady forex broker that will end up swindling all your funds through false profits promises. The platform was anonymously brought to the forex and crypto market in 2020. However, they claim to have more than 10 years of experience in the market. How they manage to get all that experience quickly is mysterious and raises doubts about their services.

Hence as you read this eye-catching unbiased review on Bitcoinwelt, we unravel red flags shown by the platform and why you should not invest with them. Meanwhile, you can consider investing with legit transparent forex brokers that use expert strategies and earn reasonable returns on your funds. Besides, transparency is what most experts in trading look for before investing a single coin.

The risks of trusting criminals are very high in Bitcoinwelt as the founders who brag to have 10 years of experience are anonymous. Thus not only are your funds at risk, but also personal information may end up in the wrong hands. You may be required to provide some personal information on registering for the services, yet they hide their data from you.

Scammers result in opening new platforms and try to rob innocent traders. In addition, they do not have any backup to show that you are dealing with professionals. Hence with the wrong trade directions, you will end up generating losses. 

Bitcoinwelt.co Review

Bitcoinwelt provides traders with fast trade executions, and they apparently have more than 40 million successful orders. Meanwhile, if this information were true, they would be known worldwide for their incredible services. They do not feature any past trade results that you would know the kind of returns to get from the platform.

Additionally, you should be able to see past trade results for at least three months or more. Also, Bitcoinwelt may only be attracting negative returns, and this is a major red flag not to have any indulgence with them. Accordingly, they brag about having more than 130k registered traders benefiting from their services.

Bitcoinwelt Review, Bitcoinwelt Company

This is just a made-up figure, and the traffic in the company is barely more than 100 traders. Additionally, to access their services, you have to download the web trader app. Bitcoinwelt claims to have more than 1000+ assets to choose from and benefit from profitably. Furthermore, the strategy they apply and the algorithm the software uses are unknown. Automatic trading with the wrong tools will lead to an increase in losses.

How Bitcoinwelt.co Operates

Bitcoinwelt, just like most scammers operate, will continuously contact you with attractive bonuses and incentives to lure you into depositing funds. You may receive multiple phone calls and alerts; hence once you fall for the catch and deposit funds, that’s the end of business between you and them.

Also, they may end up blocking your data and contacts from accessing any of their services. Bitcoinwelt aims to allow traders to explore the financial market through real-time prices on assets that are accessible to trade anywhere. Consequently, the platform does not seem to have any suitable approach towards trade.

So the main target is the funds you deposit, and they will promise you the world to get hold of your hard-earned money. The available assets for trading are Fiat Money, Indices, Shares, Metals, Digitamoney, and other commodities. Traders register for the platform, and upon successful registration, you deposit funds and choose from the three available accounts.

Bitcoinwelt bonuses are not withdrawable, and you should first make deposits. Therefore when you deposit your funds, some transactions are irreversible, and they may result in holding your funds for the longest time till you finally give up.

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Bitcoinwelt Funds Safety

Bitcoinwelt does not feature any banking information to show that your funds are in safe hands. Also, controlling the operations in the company is unknown, and they may be keeping funds in personal accounts. Thus the only beneficiaries are the criminals behind Bitcoinwelt.co. 

Bitcoinwelt.co Review, Bitcoinwelt.co Features

They do not feature any refund policy and once they have your funds getting it back is a mystery. Additionally, the company does not have a demo account to familiarize yourself with their services and style of trade. Bitcoinwelt does not showcase trade history or evidence of successful withdrawals made by their customers. 

Thus you will not receive any special treatment mad your funds are definitely not safe in Bitcoinwelt.co. The investment firm does not have any loss management features, and you may end up losing all your funds.

Bitcoinwelt Client Feedback

Good client Feedback attracts more customers and creates your trust level with the company. Bitcoinwelt does not have any reliable positive remarks from traders, and instead, they have a bad reputation across the internet. Traders even claim to have lost funds in the company, and you would not risk your funds with them.

Scammers use false information to try and win trust from innocent traders. Legit testimonials are highly recommendable and show that the company is really making profits to its traders. Reviews from customers boost your confidence in doing business with the company. However, pyramid schemes like Bitcoinwelt even pay for fake positive reviews.

Contact Support

Bitcoinwelt does not have any data on their location whereabouts or the head office. Also, they offer customer support 24/5 through various support channels. They feature a team of agents working to assist traders. Even so, they have telephone contact 00010001 and email support@bitcoinwelt.co

There is no guarantee the contact information they provide will be helpful to traders. Working contact support is highly recommendable, and you should always receive instant support regarding your query. Scammers try to find their way by using false contact data. Thus once they swindle all your funds tracing them is impossible.

Regulation Status of Bitcoinwelt

Regulated forex brokers, unlike Bitcoinwelt, showcase a high level of professionalism in their trade approach. Additionally, you can easily find all the relevant regulation data and verify the same information. The platform may break the trade guidelines whenever they want as they are unanswerable to no one. 

Thus do to the rampant increase of scammers, various countries recommend regulation as mandatory to traders. Bitcoinwelt is not recognized by any of those nations’ regulators and generates funds from the public illegally. The founders of the platform also risk facing criminal prosecutions once they are caught. 

Domain Insight

According to Whois.com, the company was anonymously registered in December 2020. Their registration expires in the same month, 2021. They were registered by a registrar that is common among Scammers NameCheapInc. The registrar allows scammers to hide their personal data. This is a major red flag not to trust Bitcoinwelt.co.

Final Verdict

Bitcoinwelt is an offshore forex broker that is not regulated and may end up disappearing with all your funds. The platform has a bad reputation and negative client feedback. Furthermore, they do not have any past trade history to determine the kind of returns to expect.

They do not have any reliable trade strategies, and it’s best to avoid any of the promises they offer. The company’s only interest is the funds you deposit, and afterward, they will not render any trading services. Hence you should invest with legit forex brokers that operate transparently and use a suitable trading approach. Through such platforms, the risks are minimal, and you will surely earn reasonable profits, unlike Bitcoinwelt.co.

 

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