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BullBitcoin Review | A Modern Conditions for Margin CFD Trading or Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
BullBitcoin - logo

The broker with an interesting name, BullBitcoin, offers to support traders at every step, providing access to a modern conditions for margin CFD trading. The company promises to give a combination of pricing, high execution speed, and a cutting-edge platform. However, there are no licenses, the duration of operation is not specified, as well as the business model, and finding reviews online is quite difficult. Can we believe what this brokerage intermediary tells us about itself? We believe that no, because we are dealing with a classic scam. If you want to know why, join our investigation.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://bullbitcoin.io/
🎲 Demo Account Yes
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:1-1:50
⚙️ Trading Platform WebTrader
📨 E-mail support@bullbitcoin.io
📞 Phone +442078801255

First Impression of Bullbitcoin.io

The official website is what any user initially encounters when they want to get to know the broker more closely, so it is important to provide a quality resource with all the necessary information and easy navigation. However, BullBitcoin decided to do otherwise, creating a low-quality website with minimal useful information, a lack of translation into other languages, and a standard and template design.

BullBitcoin - site

The top panel includes sections with basic information: contacts, account types, trading assets, platform, market overview, and company information. Graphic design is almost absent, as are specifics, details, and proof of stated advantages. Additionally, the text copying function on the website is disabled. Why do this? Unknown. Such a website, like BullBitcoin’s, cannot be called quality.

Partnership and Bonuses

The broker offers new clients a welcome bonus ranging from 25% to 70%, but nothing is known about the affiliate program. The affiliate program is not mentioned on the website. It is worth noting that such high bonuses offered by BullBitcoin are a sign that the company lacks a license. Regulators are unlikely to allow such high bonus promotions.

Also, one must not forget that bonuses are provided under certain conditions, without fulfilling which it is impossible to withdraw either the bonuses or the profits obtained with their help. Most often, firms require a huge trading turnover to be completed, which even experienced traders struggle with.

Account Opening on Bullbitcoin.io

How to create an account remains a mystery. The fact is that when you click “Open Account”, instead of a registration form, a section with contacts opens. Perhaps the system hints that you need to first contact a BullBitcoin manager, who will help you register a personal cabinet. However, this overly complicates the entire process. Why is such a requirement necessary? Why can’t you freely open an account at any time without the help of a manager?

Registration-contacts

The website mentions the possibility of opening a demo account. We cannot test this option in practice, as it is unclear how to register an account with BullBitcoin.

Verification

The broker follows the AML & KYC policy, therefore it requires all clients to undergo mandatory verification procedures. It is not enough to simply provide personal information; it is also necessary to upload documents. The company asks for two types of documents:

  • Proof of identity. Copy of government-issued identification documents, for example, passport, or ID card.
  • Proof of address. A document dated not more than 3 months, which shows full name and full address. For example, bank statements, or utility bills.
Pros
  • None.
Cons
  • There is no separate AML&KYC document.

Trading Software

BullBitcoin offers trading on a platform with one-click order sending, instant market execution, powerful widgets, customizable layout, technical indicators, and graphical tools. The company uses a web-based terminal, which doesn’t require downloading. Whether this is convenient or not is for each trader to decide. The description of the platform is brief, and we cannot test the terminal in practice because it’s impossible to create an account. However, you can see the terminal without logging in, see what it looks like, and understand the features it offers. And it’s safe to say that such software cannot be called advanced or multifunctional.

Terminal

On the left, there is a list of available assets; in the center, there should be a chart, and on the right, a panel with order parameters. Clients can indeed use leverage, pending orders, stop-losses, and take-profits, but where are the other features? It is not a terminal; it is some kind of parody of a platform. Even beginners will find its functionality lacking. BullBitcoin offers trading on a pseudo-terminal with super-limited options.

Features BullBitcoin AME Capitals BitBlanco
Demo Account ✔️ ✔️
Mobile App ✔️
Own Development ✔️

How Can I Trade With BullBitcoin?

Traders have access to stocks, metals, indices, commodities, forex, and cryptocurrencies. All assets are only available in the form of CFDs. BullBitcoin also offers leverage to increase volumes; it depends on the type of account the client chooses.

All Info About Accounts

BullBitcoin has a diverse range of tariff plans, consisting of 6 account types. The higher the tariff, the more additional services are available:

  • 24/7 customer service.
  • Weekly quantity of trades.
  • Leverage up to 1:1-1:50.
  • Free 1-on-1 educational course NFP trading signals.
  • Welcome bonus 25-70%.
  • Rewards.
  • Free monthly webinars.
  • Trading alerts and event analysis.
  • VIP mentorship program and VIP platform access.
  • Private NFT mint and debit card.

Account types

The minimum deposit size of $250 is a high threshold for initial funding. For instance, most brokers grant access with amounts up to $100. Moreover, we have repeatedly seen that companies with a minimum deposit of $250 often turn out to be fraudulent. Is BullBitcoin an exception? It’s hard to say at this point.

The additional services only raise more questions. Where is the performance history of the signals? Why is the leverage limited on the basic tariffs when, in fact, low deposits require high leverage, while expensive accounts, on the contrary, need low leverage? The logic is just absent. BullBitcoin operates on the principle of “invest more money to get more services”. And as is well known, this principle is very often used by non-transparent and scam brokers.

Hidden fees and spreads, unclear restrictions on leverage, a focus on bonuses and additional services, and the absence of an Islamic account – all these are negative factors; they are all downsides.

Pros
  • There are so many extras.
Cons
  • High minimum deposit.
  • The firm works on the principle of “pay more to get more”.

Market Analysis and Education With Bullbitcoin.io

In addition to the features described in the account types, the broker also offers basic educational materials about spreads, leverage, cryptocurrencies, crypto trading, and CFDs. BullBitcoin also provides a ticker with online quotes for popular assets and a market overview.

Deposit, Withdrawal, and Fees

Monetary operations in BullBitcoin are available through debit/credit cards, electronic wallets, bank wire transfers, and crypto. Funds are credited to the balance depending on the payment system. The FAQ section states that the withdrawal of funds is processed within 24 hours, but the description of the tariffs indicates that on the first tariff it is up to 7 days, on the second up to 4, and so on. That is, the better the account type, the faster the processing time.

Features BullBitcoin Private-Terranet  Endurings Markets
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

BullBitcoin suggests contacting their managers via email and phone number. However, there are some pitfalls here. The email turned out to be non-existent, and the phone number has already been exposed on other platforms: OneTwoCrypto and PrimeBTC. At least, that’s the information Google provides.

Mass phone

It is also worth noting the presence of an online chat on the website, but our request as to why it is impossible to register an account went unanswered. Perhaps this feature is just for show. How exactly one can contact the company’s representatives remains unknown.

Fake email

Pros
  • None.
Cons
  • Fake email.
  • Mass phone.

Is BullBitcoin Dangerous?

The broker doesn’t have a resemblance to a verified, profitable, and safe intermediary. Strange trading conditions, the inability to register, fake contact information, and many other drawbacks. The most crucial information awaits ahead – the duration of operation and licenses. Now, we will analyze BullBitcoin to find out its legitimate status.

How Long Does The Broker Work?

Unsurprisingly, the company conceals its founding date, and the registration documents are missing. It is a normal occurrence for any scammer. Understanding approximately when this platform was launched is easy – by the domain of the site. It was registered on August 28, 2023. That is when BullBitcoin appeared.

Domain

How Is BullBitcoin Regulated?

The question of regulation is as important as the duration of operation. The problem is that we do not know where the firm is registered, as the legal address is not specified, nor are any licenses. In fact, it is already enough to conclude that BullBitcoin is not regulated, meaning it operates illegally, but to ensure a guaranteed correct verdict, we will still check the Financial Conduct Authority registry. It is a British regulator that monitors the work of Forex brokers in England. Why this particular financial commission? Because a British phone number is listed on the website.

BullBitcoin - FCA

“Unfortunately, we didn’t find any results matching your search term” – this is the result the search yielded. Now there are definitely no doubts left. BullBitcoin is an illegal forex company.

Features BullBitcoin Kiplar Orca Investment Group
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With BullBitcoin?

It is unknown how to start trading, as registration is unavailable due to technical reasons. Perhaps it would be worth contacting a manager, but it is better not to do so.

Is BullBitcoin Legit?

The broker does not have a license, and therefore it operates illegally. The legal address is not specified, and the FCA check showed the absence of a license.

How Risky Is It?

You cannot trade with unlicensed firms because they cannot provide guarantees for the safety of your money. Cooperating with BullBitcoin is a 100% risk.
Kevin Berry
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Expert Opinion

It’s interesting to consider how these fraudsters swindle people out of money when registration is impossible. Surprisingly, this is actually a good thing, because it prevents newcomers from independently falling into this trap since it’s impossible to create an account and replenish a deposit. However, it can be definitively stated that BullBitcoin is a scam organization created for one sole purpose – to scam people out of their money. There’s no other explanation. Therefore, stay away from such companies. If you see that the legal address is not indicated, there are no documents, and the license is not even mentioned, then these are clear signs to close the website and look for another broker. There’s absolutely no sense in attempting to start trading here. All traders will only lose money.

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BullBitcoin rating

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

2 reviews about BullBitcoin

CryptoExpert October 24, 2023 - 22:08
Fraudulent company
The level of trust
Quick withdrawal of funds

I’ve seen a lot of sad stories of how this platform swindled people out of money. Some lost 500 dollars, some 2000, and one person made a mistake and invested over 10,000 dollars in this illegal scambroker. It’s terrible to hear such stories, as the scammers enriched themselves at the expense of fools, and will now continue to create their scam brokers to deceive new fools with money.

Reply
German October 30, 2023 - 12:30
I'm an experienced trader. I advise you not to trade here.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I am an experienced trader who has been familiar with the Forex market since 2014. Almost 10 years, so I can share my opinion regarding BullBitcoin. Firstly, it’s a ridiculous name. What on earth is BullBitcoin? Who in their right mind would name a CFD broker like that? Only some scammers could do that. Secondly, have you noticed that almost all the important information about the firm is missing on the website? Duration of operation, office addresses, legal documents, insurance, licenses, and business model – all of this remains a mystery. The fact is, none of this exists. Some anonymous scammers have created their fraud trap but didn’t register it legally. In other words, swindlers have created a fraud site, offering to profitably invest money for trading with leverage. So, you can’t trade here because you will be dealing with anonymous scammers.
I couldn’t even find reviews about this scam. Such an unknown scam broker. There is no doubt that there is fake trading here, meaning quotes, liquidity, transactions – it’s all fake, and the assets are also fake, it’s CFD – just an image, nothing more. I hope that my review will help at least one person not to get caught in this fraud trap.

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