BitCrypto24 review – Is scam or safe?

BitCrypto24 review – Is scam or safe?

Beware! BitCrypto24 is an offshore broker! Your investment may be at risk.


BitCrypto24 Key Facts

🔴 BitCrypto24 provides suspicious products and services. A scam sign!

🔴 BitCrypto24 doesn't operate transparently. Red flag!

🔴 BitCrypto24 has no license to offer financial services. Red flag!

🔴 BitCrypto24 is a brand new domain. A disturbing sign!

BitCrypto24 products and services

BitCrypto24 offers unintelligible Bitcoin investment products and social trading. It's impossible to understand what their business is about because they are rattling on Forex trading, Binary Options, Bitcoins, Investments and so on. However, we spotted that they use a link to redirect to Pepperstone's Trustpilot page, so it's a clone offering no products or services whatsoever. It's a scam project pretending to be someone else, while falsely offering unbeatable spreads and variety of trading opportunities.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

BitCrypto24 company and regulation

BitCrypto24 shares no information about the company or the people standing behind this website. Probably because there isn't any. As already proven by us, it's a clone attempt and that's by far a very popular scam scheme. For safety sake, we advise traders and investors always to verify that they are dealing with licensed businesses. Read on to find out why it's so important.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

BitCrypto24 address and contacts

BitCrypto24 lists Satrio Tower 16th, Jl. Dr Satrio Kuningan, Jakarta, as their headquarter address. However, there is a 99.99% chance it's not their actual address for it's already exposed as a scam. The last thing scammers would do is to reveal their actual location. The lack of transparency is a natural feature of them. Their contact number is (888)234-5686, a phone linked to some fishy Forex brokers and other suspicious websites.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy. website info is a domain name registered on 05th of December 2020, so it's less than three months old at the time of writing. It's registered on Netherlands IP address: co-hosting 75 websites. Many of the domains are associated with fishy investment schemes.

Alexa doesn't even rank this domain, so it’s an obscure website people do not trust. The Alexa ranking isn’t a key determinant, but the lack of popularity isn’t a good sign. uses privacy protection services to hide the ownership of the website. The latest trend in the privacy policy around the world denies it should be a problem but considering it's an investment service we might as well consider this a disturbing sign.

Here are other shady investment schemes based on the same IP:

FxOptionProBallena Capitals
XoTradeFxEra TradeFx
FX Cloud Vest

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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