Bullquote is an online trading broker founded back in 2008. In its entire years of experience, the firm has extended into social trading, forex trading, and share dealing trading too. Their head office is located in the United States and has global coverage. In this review, we will be revealing why Bullquote is not among our recommended brokers. In fact, we can go as far as to say that this is a scam broker that could steal money from you anytime it wants.
Here are more reasons why we DO NOT RECOMMEND Bullquote to anyone and to be clear, this is a Bullquote Review.
About Bullquote
Being an unauthorized broker means placing the clients at risk by revealing not just their confidential info and bank details, but also their capital. Hazardous third parties can quickly obtain access to this information and create huge issues for users.
After reviewing their official website, it is clear that Bullquote is not regulated at all. This is a major issue that is not only extremely harmful for their reputation but it’s also obvious from the way they present their offer and fees. An inexperienced customer could easily fall into their trap. This is one of the first reasons why we DO NOT RECOMMEND putting your trust in Bullquote.
Unregulated brokers use a simple tactic to obtain people’s money and personal information. Traders are first convinced to make an immediate deposit through repetitive phone calls or e-mails, through an aggressive campaign. Furthermore, many promotions and offers that seem to be exceptional will be made available in order to entice people to become their prey.
Once you make your first deposit, you will be trapped in an endless cycle. This will continue to extort money from you by promising more and more discounts and insane benefits. Most probably, Bullquote is one of those brokers. This is why you should think twice before registering on their platform.
The Bullquote offer
The main Bullquote offer is bizarre in the sense that it doesn’t offer anything special at all. Moreover, it puts everything at a very basic and simple level. They apparently have over 253 tradable assets available for clients. The minimum required deposit is only $100 which is a tactic in itself. The lower the minimum deposit, the more people a broker attracts for its own benefit.
They claim that they can guide you when it comes to trading and investing. However, 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 features that do not seem to have any actual basis in reality. Everything is there just to attract potential clients.
Tell others about unprofessional brokers!
Telling others about your negative encounter with Bullquote will be very beneficial. You can accomplish this by leaving real feedback about your issues with this broker on different review websites. Informing your fellow traders about what occurred to you can save many people.
There is also a standard tactic used by unregulated brokers after they have been exposed as being scams. They usually change their websites and approach former customers. They do this to encourage or force them to fall “victim” once more. If this happens to you, do not be afraid to expose them and make the world aware of who they are! Bullquote is one of those unregulated online brokers that don’t offer anything at all (or offer very little) and expect you to give them your money.
Withdrawal issues
When a trader discovers that their broker is untrustworthy, the first action they can take is to withdraw their money. Keep in mind that your capital is never secure with those brokers and, in most cases, you can never see it again once deposited.
The issue is that Bullquote will continue to postpone your withdrawal process as much as possible in order to hold the money for a longer period. There are multiple testimonials from former clients who never got their money, even after months of waiting. Do not, under any circumstance, sign any documents from Bullquote! Do not give them written permission to do whatever they want with your investments!
Bullquote Review Summary
We DO NOT RECOMMEND Bullquote as your trusted online trading broker for obvious reasons. However, probably the most important one is the fact that is not regulated by any authority. No trader should put their trust, effort, and money into such a service. These types of brokers want nothing more than to make money off your back through fake offers and dishonest marketing campaigns. Stay away from Bullquote and brokers that are similar to it!
You can see more reviews here.
