pic

Blantomic Review | Allows Traders to Scale to Maximize Their Potential or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
Blantomic - logo

Blantomic promises that their trading platform allows traders to scale to maximize their potential. Although the broker makes many promises, it does not intend to back up its words with real evidence. For example, their headquarters are located in the United Kingdom, but where are the legal documents? Moreover, where is the regulation from the British FCA? Many facts about activities are omitted and not disclosed. Additionally, online reviews are almost non-existent, suggesting a short period of operation, which is also not mentioned on the website. At first glance, everything looks very much like a scam, but we will find out the truth now.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://www.blantomic.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform WebTrader
📨 E-mail
📞 Phone +442038666764, +442038666769

First Impression of Blantomic.com

Blantomic didn’t come up with anything better than to take a ready-made template to create their official website. Therefore, the resource can be first called templated, and secondly, boring and primitive. The website is filled with pseudo-motivational and philosophical phrases designed to instill in visitors a burning desire to start cooperating with the broker as soon as possible. However, it is doubtful that such an approach will work.

Blantomic - site

Only English is supported as a language. At the top, there is a usual panel with all the information concerning Blantomic:

  • About us.
  • Why us.
  • Trading.
  • Legal.
  • Contacts.
  • FAQs.
  • Blog.

In the footer, the standard risk warning is missing, and the design does not evoke any interest or excitement. Specific information is almost non-existent, but there are many meaningless phrases and expressions.

Partnership and Bonuses

In Blatnomic, there are bonus promotions, as well as rewards for loyal customers in the form of points. However, a detailed description of the bonuses and the rules for their working off is missing. Often, companies require an unimaginable amount of trading turnover before the bonus and the profit earned can be withdrawn. Therefore, it is recommended to first find out all the details and conditions, and then decide whether to receive bonuses.

There is also an affiliate program in Blantomic. It is not described by the company either, so the specific conditions are unknown. Notably, the existence of the affiliate program can be found at the registration stage, where you are prompted to enter a promo code, which presumably can be obtained from an existing client.

Account Opening on Blantomic.com

To explore the interface of the client portal and the trading platform, it is necessary to register an account. However, apparently, a demo version is not available, as such an option was not found. Blantomic offers a standard registration procedure, where you need to specify your name, password, contact information, country, currency, and a referral code if available. You will also have to agree to the terms and confirm that you are over 18 years old.

Registration

Unfortunately, we will not be able to see the personal account and its features with our own eyes. The reason is that the field for the referral code turned out to be mandatory. It is impossible to create an account without a promo code. Where to get this magical key to open the door to the trading country called Blantomic? Can this be considered a drawback? Obviously, yes, because an open and transparent broker is unlikely to make registration by codes. As experience shows, it is often fraudsters who act in this way. Their motivation is not particularly clear, but it is a fact.

Verification

On the official website, there is a separate section explaining what AML and KYC are, as well as why they are necessary. Blantomic operates in strict accordance with the AML & KYC policy, so the verification procedure for clients here is mandatory.

The firm requires three types of documents for KYC, while hiding the processing times for verification:

  1. Trader’s identity verification.
  2. Verification of residence or place of employment.
  3. Financial position.
Pros
  • None.
Cons
  • The processing time for verification of documents has not been disclosed.

Trading Software

The platform at Blantomic is available only as a web version for all browsers, including mobile ones. It means there is no convenient desktop version or comfortable mobile application. A browser terminal almost always falls short compared to its counterparts for computers and smartphones. Experienced and successful traders prefer to use desktop platforms, and when it comes to mobile phones, applications that are much more convenient and practical than a web platform for mobile browsers.

Blantomic provides almost no information about its platform. At least, the website in one continuous text describes why the web version is superior to desktop and mobile counterparts, which, of course, we disagree with. For some reason, the broker forgot to describe the capabilities and options of the terminal, which would be nice to know in advance. Is it possible to use various technical analysis, what indicators are available, and what tools can be used? Moreover, we cannot even test the software in practice, as registration without a promo code is impossible.

Features Blantomic LumineTrade ModMount Ltd
Demo Account ✔️
Mobile App
Own Development ✔️

How Can I Trade With Blantomic?

Clients can trade CFDs on forex, metals, indices, commodities, cryptocurrencies, and stocks. Traders can also use leverage to increase trade volumes, but not more than 1:200. The minimum order volume starts from 0.01 lots. Additional features and the minimum deposit in Blantomic depend on the chosen tariff plan.

All Info About Accounts

Blantomic has developed seven types of accounts, with the additional option to add a swap-free feature to each tariff. The account types differ minimally, except for the required deposit. Here is their description:

  • Bronze. The minimum deposit is €10,000. Clients have access to a limited set of additional services: market reviews, e-books, webinars, and social trading.
  • Silver. At least €25,000. This tariff requires 2.5 times more deposit, but only differs in the availability of Video on Demand (VOD).
  • Gold. From €50,000. Includes 1 risk-free trade and a personal assistant.
  • Platinum. A deposit of at least €100,000 is required. Access to the trading room and a customized account.
  • Diamond. From €250,000. An exclusive marketplace with updates and specialist assistance.
  • Premium. At least €500,000. The same opportunities as in “Diamond”.
  • VIP: From €1 million. It is unclear how this tariff differs from the previous two, as the description is the same.

Account types

The information regarding the minimum deposit is contradictory. According to the tariff description, traders need at least €10,000 to start trading, which is a substantial amount, indeed. However, the FAQ section describes a more lenient entry threshold – just $250. So, where lies the truth? In any case, Blantomic requires a lot of money just to start a partnership. Meanwhile, popular companies offer the opportunity to start trading with as little as $10, providing cent account types, which are absent here. We have already mentioned the lack of a demo account, but there is an Islamic account available.

A leverage of 1:200 indicates the absence of a license, as regulators prohibit offering leverage higher than 1:30-1:50.

Blantomic claims zero commissions, meaning clients only pay the spread, which constantly changes depending on current market conditions. Yet, there are no real-time spread tables available anywhere. If zero commissions are true, it’s frightening to imagine the size of the spreads, as the intermediary must earn money somehow. Another possibility is a dealing desk business model, where the broker’s income comes from users’ losses. Most likely, this is the business model the firm operates on.

Pros
  • Zero commissions.
  • Islamic account available.
Cons
  • The size of the spreads is not indicated.
  • The broker operates on a dealing desk business model.
  • Huge minimum deposit.
  • No demo account is available.

Market Analysis and Education With Blantomic.com

Blantomic offers a free service for all: a small table with online quotes for futures, forex, indices, and bonds, as well as a blog, e-books, videos, and educational resources regarding CFD trading. However, it seems that ready-made training courses and fresh analytics are missing.

Deposit, Withdrawal, and Fees

You can transfer money using a variety of methods:

  • Credit/debit cards.
  • Bank wire transfers.
  • E-wallets: Neteller or Skrill.
  • Cryptocurrency.

Blantomic promises not to charge fees for financial transactions. However, the company takes up to 5 business days to process fund withdrawals, which is slow compared to other more customer-oriented companies that process requests within 1-2 business days.

Features Blantomic Kiplar Investing X
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Users have two options to contact the managers: submit a feedback request in the contact section or call one of the provided phone numbers. It’s very odd to see the absence of an email address. Moreover, Blantomic has not even created an online chat for prompt communication with staff.

The office address is not specific, listing only the country, city, and street. Somewhere on Cabot Square, the Blantomic office should be located, but where exactly? It is also worth noting the absence of social media accounts, which have already become a mandatory attribute of any online broker.

Pros
  • None.
Cons
  • The office address is not fully indicated.
  • No email or online chat is available.
  • Social media accounts have not been created.

Is Blantomic Dangerous?

The company’s secrecy raises suspicions, as does registration through invitation codes. Why restrict registration? Why can’t one create an account without a promo code? After all, any well-known and verified broker allows for the free registration of a personal account. In general, all this looks extremely strange and suspicious. However, to make a correct verdict regarding the reliability of Blantomic, we need to check the platform’s operational duration and its legitimate status.

How Long Does The Broker Work?

The founding date of Blantomic is a mystery that can be solved by the domain of the official website, or more precisely, the date of its registration. So, the domain was created on November 13, 2023, meaning it’s very recent. Adding to this, the absence of reviews on the internet, it becomes clear that the platform is newly established.

Domain

How Is Blantomic Regulated?

Now let’s check whether the company is indeed registered in the United Kingdom and whether it has a license from the Financial Conduct Authority. So, in the FCA register, such a broker is absent. Although the firm claims that it is in the process of obtaining a license, we will not believe this.

Blantomic - FCA

Next, we will check the Companies House registry of legal entities in the United Kingdom. It turns out that Blantomic is also absent there. Does this mean the stated legal address in London is fake? Correct, the broker is sharing fake information with us.

Blantomic - Companies House

Features Blantomic InterActive Demaxis
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Blantomic?

It was assumed that it would be enough to register an account, pass verification, and fund the deposit to start cooperation with the broker, but no. Registration without a promo code is impossible.

Is Blantomic Legit?

The firm operates illegally. Firstly, it has not obtained a license from the FCA or other financial commissions. Secondly, such an organization is not registered in the United Kingdom, although the fraudsters list their office there.

How Risky Is It?

Illegal brokers caught providing false information are a very dangerous place for trading. The main risk in Blantomic is the impossibility of withdrawing money, so there is no point in cooperating with the firm.
Kevin Berry
Ask question
Expert Opinion

Another pathetic attempt by scammers to steal money from naive traders. Which number is this already? 100, 500, or even 1000? Blantomic has not invented anything new; they have just created a typical fraudulent website to lure people in. There is nothing but a scam here. All their motivational phrases and pseudo-advantages do not work. I hope there is no one on planet Earth who will believe these swindlers and give them their money, as it will be a guaranteed loss for them.

You may also like

Blantomic 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

1 review about Blantomic

Hollywood December 13, 2023 - 14:02
Scam warning.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Hello. I want to warn you about a fraudulent company called Blantomic. This is a group of anonymous scammers who create identical websites. It’s a blatant fraud, nothing more. You cannot invest here, as your money will be stolen. If people have called you or written to you on social media, offering to open an account and start earning a lot, know that these are crooks who lure you onto a fake platform to extract funds from you. That’s all, there’s nothing more to comment on, as there are no reliability guarantees, and the trading conditions are super unfavorable.

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