pic

Bithebanx.pro Review | Reliable, Secure, Supportive and Beneficial or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
Bithebanx - logo

Introducing Bithebanx.pro, a brokerage firm headquartered in the USA that claims to offer margin CFD trading on more than 450 different market assets. The company describes itself in various terms: reliable, secure, supportive and beneficial. However, these descriptors are nothing but empty rhetoric that doesn’t match reality. The hard truth is that this broker lacks an operational license, has a short operating time, and has scarce online reviews. We are inclined to believe that their New York office is as fictitious as the organization itself. If you’re interested in knowing why we have these suspicions, join our review where we will reveal the truth about this scam.

Highlights

🏛️ Country USA
⚠️ Regulation
🖥️ Website https://www.bithebanx.pro/
🎲 Demo Account Yes
⏳ Start Time 2022
💲 Minimum Deposit €500
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform EasyTrader
📨 E-mail support@bithebanx.pro
📞 Phone 1-718-488-5710

First Impression of Bithebanx.pro

The official website of Bithebanx.pro leaves much to be desired. Far from offering a unique, engaging, and professionally crafted interface, the site relies on a generic, template-based design, the likes of which can be found across numerous other brokerage websites. It is obvious that the company’s management decided not to put much effort into their site and opted for a ready-made template. Furthermore, the companies that use such a design and layout often turn out to be outright brokerage scammers. And the subject of our review is no exception.

Bithebanx - site

The top section of the website features various tabs, each focusing on aspects like the company itself, its trading platform, FAQs, legal documents, and contact information. The site also offers language options for German and Italian alongside English. However, as you scroll down the main page of Bithebanx.pro, the site’s visuals become increasingly questionable. There’s a photograph of a man in a well-tailored suit, images of their supposed trading platform, and some trading charts. Oddly, the overall color scheme is rather dark, giving off the vibe of a funeral service website rather than that of a financial broker.

Much of the content on the site is essentially meaningless. It’s just a collection of words and sentences, without any specifics or precise details. Furthermore, the company claims to have received numerous awards between 2017 and 2019 but provides no verifiable evidence to back up these assertions.

Partnership and Bonuses

At a glance, Bithebanx.pro appears to lack an affiliate program. However, during the account registration process, you’re given the option to enter a promo code, suggesting that an affiliate program does exist. Curiously, the terms and conditions for this program are not specified anywhere.

Moreover, the company offers bonuses that start at 15% of the deposit, varying based on the chosen account type. It’s worth mentioning that the bonuses are not free; they are always provided under certain conditions. Many dishonest brokers, like Bithebanx.pro, tout these promotions as opportunities to make more money, but they have ulterior motives. Specifically, receiving a bonus triggers restrictions on fund withdrawals. These restrictions can only be lifted after fulfilling the bonus terms. In this case, you can only withdraw money after achieving a trading volume of $20,000 for each bonus dollar received.

For instance, a $100 bonus comes with a staggering trading volume requirement of 2 million dollars. Such conditions are difficult to meet even for an experienced trader, let alone a beginner. Therefore, Bithebanx.pro is more than happy to offer a larger bonus to anyone interested.

Account Opening on Bithebanx.pro

Registration with the broker is available on the official website, where traders can open not only a real account but also a demo account to test the platform’s functionality with virtual money. To sign up, Bithebanx.pro requires various details such as your full name, email address, phone number, country of residence, preferred account currency (USD, EUR, GBP, or BTC), and your birth date. Finally, you’ll need to create a password and accept their terms and conditions. An option to include a referral code is also available if you have one.

Registration

Once you’ve entered the required information, your account becomes accessible, and notably, there’s no requirement to verify your phone number or email. Bithebanx.pro features a basic dashboard where users can manage their personal information, submit KYC documents, handle deposits and withdrawals, and monitor their transaction and trading histories. You can also access the trading platform directly from the account. In essence, there’s nothing particularly innovative or unique about the interface. In this regard, the company didn’t surprise or show anything noteworthy.

Verification

The website lacks a distinct section focused on the verification process. Moreover, Bithebanx.pro’s user agreement is not forthcoming about this. There is only a vague reference suggesting that the company must verify that a trader’s identity is legitimate. From this, we infer that KYC is probably mandatory. Additionally, when depositing, the broker will request your residential address and will likely require you to substantiate this by uploading the appropriate documents. All uploads can be managed through the designated section in your account.

Pros
  • It’s convenient to upload documents.
Cons
  • No disclosures without prior registration.
  • KYC documents are not available.

Trading Software

Bithebanx.pro offers a web-based trading terminal that is accessible through any web browser. The broker confidently claims that its platform is compatible with both computers and Android/iOS smartphones. Icons in the user dashboard suggest that you can download its trading app from the Google Play Market and Apple’s App Store. Following the links we get to the official Google and Apple stores where we are offered to install software from EasyTechnologies. It is worth noting that EasyTrader is not popular among traders. It is a little-known software, which, moreover, receives more negative reviews than positive ones.

Terminal

The site also states the following advantages of the trading terminal: advanced charts, slippage protection system, limit orders, 0.01 lot sizes, and spreads from 0 pips. In reality, we see only some of these features on the platform. It is impossible to call Bithebanx.pro terminal advanced and professional, because the functions of automated trading, copy trading, and downloading author’s indicators are impossible here.

Incidentally, the broker provides the option to download the trading terminal onto your computer as a .msi file. We decided not to risk installing this file due to the potential for it to contain malicious viruses.

Features Bithebanx.pro Blue Coin Trade NLM 86 Limited
Demo Account ✔️
Mobile App ✔️ ✔️
Own Development

How Can I Trade With Bithebanx.pro?

Clients can trade CFD on Bithebanx.pro, but the platform does not offer spot or futures markets. Available asset classes encompass forex, metals, indices, stocks, commodities, and cryptocurrencies. Oddly enough, the broker does not disclose the specific sizes of spreads and commissions, keeping this information confidential for unspecified reasons. To increase trading volumes, leverage options are available. The minimum deposit requirement is €500, and this varies depending on the account type selected.

All Info About Accounts

Bithebanx.pro offers four pricing plans:

  1. Silver. €500 initial deposit. Clients receive daily market analytics, video tutorials, daily recommendations, exclusive updates, and 24-hour support.
  2. Gold. From €5,000. VIP support is being added.
  3. Platinum. From €25,000. There’s only one difference – transaction hedge.
  4. VIP Club. For serious capital from €100,000. The trader is assigned a personal account manager.

Account types

Firstly, the high minimum deposits are staggering. Reputable and popular trading firms often allow you to start trading with as little as €10, but on this platform, you’re required to invest €500 or more. Secondly, what is the rationale behind offering different types of accounts if they’re essentially the same? The sole difference between the first and second plans is the inclusion of “VIP support”. The platform leaves one wondering what “VIP support” entails and whether it justifies the risk of depositing a significant sum like €5,000. Bithebanx.pro has chosen not to create reasonable trading conditions.

Pros
  • None.
Cons
  • High minimum deposit.
  • Account types are almost the same.
  • There is no Islamic account.
  • Spreads and commissions are not specified.

Market Analysis and Education With Bithebanx.pro

On the official Bithebanx.pro website, there is some educational information about different market classes and their characteristics, as well as an FAQ section that answers common questions. However, the platform is lacking in analytical tools. It provides only a basic table of current bid/ask prices for popular trading instruments, conspicuously omitting useful features like an economic events calendar, real-time news updates, educational courses, and e-books.

Deposit, Withdrawal, and Fees

The Bithebanx.pro homepage displays payment icons like Visa/Mastercard, Skrill, PayPal, SWIFT, Neteller, and Citibank at the bottom, suggesting these as the available methods for deposits and withdrawals. Notably absent from the list is any mention of cryptocurrency. Fees for deposits and withdrawals are not specified. Also, if the account is inactive for one month, a $36 monthly fee will be charged.

Features Bithebanx.pro Trezo Capital Delos Management
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Bithebanx.pro’s available contact details include a New York phone number and an email address. However, the platform lacks social media links and an online chat feature for quick communication with customer service representatives. Interestingly, the phone number provided by Bithebanx.pro is identical to that of the known fraudulent brokerages NLM 86 Limited and Medifinance Limited. Whether this is a coincidence or a red flag pointing to potential deceit remains an open question.

Pros
  • None.
Cons
  • The same phone number is found with other brokers.
  • There are no social networks and online chat.

Is Bithebanx.pro Dangerous?

It’s unlikely you’d still want to deal with Bithebanx.pro at this point. Even before we scrutinize its licensing and operational history, our next steps in this evaluation, the company has already raised several red flags. Although the availability of a demo account stands out as a positive feature, the high minimum deposit, suspicious phone number, and opaque trading conditions strongly hint at potential fraud. Now we’ll get to the bottom of it.

How Long Does The Broker Work?

The Bithebanx.pro website lacks registration documents where one can see the company’s registration date. Additionally, the broker is conspicuously quiet about its establishment, leaving us to dig up this information through other means. The website domain was registered in October 2022 – and there we have it, we’ve found out when the organization started its fraudulent activities.

Domain

How Is Bithebanx.pro Regulated?

Bithebanx.pro claims to have its office located in New York and to operate under the jurisdiction of the United States. Anyone with trading and investing experience would immediately recognize the implausibility of this claim. In the United States, margin trading with a leverage ratio of 1:200 on CFDs is legally prohibited. Company founders engaging in such practices can face imprisonment for breaking the law. Furthermore, it raises a question: How can a supposedly U.S.-based broker prohibit American citizens from using its services? In the website footer, there is a phrase: “The products described are not offered and may not be sold in the United States/Japan or to US/Japanese citizens and residents.”

We went ahead and searched the registry of the American regulatory authority FINRA, which oversees broker activities. Unsurprisingly, Bithebanx.pro is not listed. It confirms that the firm not only operates without a license but also falsely claims to have an office address in New York.

Bithebanx - FINRA

Features Bithebanx.pro Clark Financial GLE Markets
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
Ask question
Expert Opinion

Given the scant online reviews about this blatant scam, it’s comforting to think that the fraudsters behind Bithebanx.pro may not have succeeded in deceiving anyone during their brief period of operation. The firm is an obvious scam, evident from the get-go. The individuals behind this fake platform seem oblivious to the complexities of brokerage regulation and industry legislation. They’ve claimed to be headquartered in a jurisdiction where they couldn’t possibly operate. Brokerage and investment companies typically avoid the U.S. for a reason: the presence of stringent regulators with rigorous standards and rules. A fraudulent venture like this one, offering CFDs with 1:200 leverage, would be promptly shut down, and the founders would end up in prison.

You may also like

Bithebanx.pro rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Bithebanx.pro

Denis The King August 17, 2023 - 16:56
No one knows anything about the company
The level of trust
Quick withdrawal of funds

I wanted to see what is written on the Internet about bithebanx.pro, but I found nothing. There are practically no reviews. So I think that this is just a newbie fraud that recently started to scam people out of their money. The site also shows that it is a rubbish bin, not a broker.

Reply
Bon Jovi August 30, 2023 - 22:12
It's easy to realise it's fraud and scam
The level of trust
Quick withdrawal of funds

This is a blatantly obvious scam. I don’t know how people can trust such fraudulent firms like Bithebanx.pro. Can you trade with a broker without a license? Of course not. Show me where these scammers mention a license on its website. I couldn’t find it anywhere. Moreover, the fraudsters have been in operation for less than a year. How can you trust an organization that has been around for less than a year? Even in five years, you can’t build a reputation, and these illegals haven’t even lasted a year. What can you say about its business model? I can say that it has a conflict of interest and fraud. Bithebanx.pro only makes money when clients lose money. Do you still want to trade with these scambrokers? Who will hinder you, manipulate fake charts, and do everything to prevent you from succeeding. My advice is to look for another broker. And forget about Bithebanx.pro forever. It’s for the best.

Reply
Levka Omive September 4, 2023 - 11:55
Please help me get my money back
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Please help me recover my money from the scam broker Bithebanx.pro. I invested $1000 there a few months ago. I thought that if it was an American company, it meant that I would be dealing with a reliable brokerage intermediary. However, this turned out not to be the case. The scammers provided a fake address on their website so that fools like me would fall for it more often. There’s no reliability here, and security is also out of the question. All the trading and guarantees turned out to be a mirage and an illusion.
I realized this due to the inadequate and terrible trading conditions. I couldn’t make a profit trading with Bithebanx.pro. I submitted a withdrawal request for $850. As I said, more than two months have passed, and there is no money. The withdrawal request is not being processed. I write to the scammers by email, but there is no response. I checked, the email is real, but the phone number is fake.
Please help. Is it possible to withdraw money from Bithebanx.pro? Or is it already pointless to try?

Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy