Our team has written this completely honest and hopefully helpful BTCbrokerz review to show all traders some of the main reasons why we DO NOT RECOMMEND the online broker called Btcbrokerz. In case you are involved in trading and investing, stay as far away as possible from them! It doesn’t matter how advanced you are or if you’re only a beginner. After studying their official website and their trading offer, we are convinced that this broker does not deserve to be on your list. Here is why we think that!
Btcbrokerz – not our recommendation
Being an unregulated online trading broker means placing the customers at risk by revealing not just their confidential info and bank records, but also their money. Hazardous third parties can easily obtain access to this information and create huge issues for users.
After taking a look at their official website, it is clear that Btcbrokerz is not a regulated broker. This is a major issue that is extremely harmful to their reputation. Besides that, it is also obvious from the way they present their offer and fees on the website. An inexperienced trader could easily fall into their trap. This is one of the most important reasons why we DO NOT RECOMMEND putting your trust in Btcbrokerz, regardless of your experience level.
Unregulated brokers use a fairly simple tactic to obtain people’s money and personal info. They first convince traders to make deposits through repetitive phone calls or e-mails, as suggested on their website.
Furthermore, they will make many promotions and offers that seem exceptional available in order to make people become their victims. Once you make your first deposit, you will be trapped in an endless cycle. This chain reaction will continue to extort money from you by promising more and more discounts and benefits. Btcbrokerz is one of those brokers and this is why you should think twice before registering on their platform.
What Btcbrokerz offers
The main Btcbrokerz offer is unusual in the sense that it doesn’t offer anything special at all and it puts everything at a very basic level. This is probably meant to lure in as many people as possible. They claim that they can guide you when it comes to trading but their fees and rules are never clear enough for them to become trustworthy.
The whole offer is unclear because the website blinds you with a plethora of extravagant features. None of these seem to have any basis in reality and are there just to attract potential victims.
Withdrawing your money
Once a client discovers that their broker is shady, the first action they can take is to withdraw their money. Keep in mind that your funds are never safe with those traders and in most cases, you can never get them back once deposited.
The problem is that Btcbrokerz will continue to postpone your withdrawal as much as possible. This is a strategy to keep your money for as long as possible. Six months is what it takes for them to have it permanently. After that, you will no longer be able to request a chargeback.
Do not, under any circumstance, sign any documents they give you! Do not give them written permission, willingly or unwillingly, to do whatever they want with your funds! Again, we do not condone such practices, hence the reason why this broker is not recommended by us.
Let other people know about shady online brokers
Telling others about your negative experience with Btcbrokerz or any such broker can be very beneficial. You can accomplish this by leaving real feedback about this broker on different review websites and informing other traders about your situation.
There is also a simple tactic that these brokers always use after being exposed as shady. They usually change their websites or at least their address and approach former clients. Then, they encourage these people to become part of their community once more. If this happens to you, do not be afraid to expose them! It’s important for everyone to know what these websites are capable of.
Brcbrokerz – a scam
As we have already mentioned, we clearly don’t recommend Btcbrokerz. They are one of those unregulated, shady, and potentially harmful online trading brokers that may run away with your money.
Make sure that you thoroughly research every trading broker that you think of contacting. Also, always read honest and real reviews about them. Do not fall into a trap that too many people have fallen into before! If you have also had a bad experience with Btcbrokerz, please give us more details and help others at the same time.