BullTrend brokerage presents itself as a safe and trusted trading firm based in the UK. However, with its low transparency, anyone can question its services, especially given the trading conditions it offers, which are uncommon for trusted UK firms.
All in all, there are too many “X” factors traders should think about. But if you want to stay away from such firms, make sure to follow our tips revealed in this BullTrend review.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | $5.000 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawing funds from such an anonymous company without a trading license is close to impossible. If you experience any trouble withdrawing your money, contact us for chargeback assistance. |
Legal Info: Is BullTrend Legit Or A Scam?
To appear legitimate the company should reveal registration and license details transparently. However, this broker doesn’t think that’s relevant to traders. Instead, they offer fictive benefits to the ones who invest with them. Honestly, it would all be good if the company was regulated.
Yet, you won’t find any details about this firm if you check databases of top-tier regulators like FCA, BaFin, ASIC, CFTC, or similar. With zero funds protection features, you can expect a lot of victims of this broker. Usually, many victims result in many warnings from the mentioned and similar regulators. If you are patient enough, you might see.
Who Are BullTrend’s Victims?
Based on the company’s domain age, traders can see this firm has been around for only six months. Fairly, more than enough time to build its credibility and get positive feedback from traders. Sadly, there are zero BullTrend reviews.
Luckily, website analytics show us what traders should be careful about the most. Those are the ones coming from:
- Netherlands
- United Kingdom
- Canada
- Denmark
If you come from any of these and have experience with this broker, let us know. In addition, if you were trading with SquareMarkets or TeleTrade firms. All these have that one thing in common. It’s to be unregulated. So, if you have any issues with them, get in touch for refund options.
Leverage, Commissions, Spreads, Fees and Taxes
Generally speaking, with non-transparent trading conditions, you can’t trust any broker. But when the company doesn’t have licenses, it’s even worse than that. For instance, the BullTrade broker advertises tight spreads on all accounts. Does that mean these are truly tight, or can they be changed at any time? Guess once.
On top of that, the company offers services in jurisdictions where the maximum allowed leverage is up to 1:30 or 1:50. And yet, their maximum leverage goes up to 1:200. There you go, two warning signs in less than a minute. Lastly, the commissions you can expect for CFD trading are 0.75%.
Bonuses
Usually, fraudulent trading firms use bonus funds to keep traders’ funds tied. Simply put, if traders accept any bonuses, they can’t withdraw any money before they meet the requirements set by the company.
Unfortunately, with the BullTrade trading firm, there are no signs that any bonuses are offered. But watch out for it.
BullTrend Trading Features
Important to realize is that this firm doesn’t offer any advanced trading options. Therefore, if you are looking for EAs, social, or copy trading, start looking elsewhere. But even if you want to stick to old-school trading, you won’t have many tools available from this company.
Trading Platforms Available
Another sign not to trust BullTrend Forex company is its trading platform. Trusted and reliable platforms nowadays are mostly third-party solutions like cTrader, MetaTrader, or similar.
Surely, trusted software can’t be the web trader provided by an unregulated broker. Simply, if you compare the features available, you will realize all the potential issues.
Available Trading Assets
When it comes to tradeable assets, the company offers quite a solid range of instruments. However, if you deposit a small amount of money, you’ll get access to fewer instruments. Fairly, that’s not a genuine and fair principle. At least, it shows you what the company values the most – your deposits.
Anyway, some of the instruments offered are:
- Forex – USD/NZD, AUD/HKD
- Commodities – crude oil, palladium
- Shares – Walt Disney, Netflix
- Indices – CAC40, ASX200
- Cryptos – BCH, BNB
Account Types
Pretty much the only difference between BullTrend account types comes from leverage and the number of available instruments. However, the company will require you to pay more money to get those completely irrelevant features. A notable detail is that the company requires $5.000 for the lowest account. But in reality, they will most likely accept much less.
In any case, the options are:
- Basic – $5.000
- Bronze – $25.000
- Silver – $50.000
- Gold – $75.000
- Platinum – $100.000
- VIP – $125.000
- Savings – $150.000
Mobile Trading App
After completing the BullTrend login procedure, you will realize the company doesn’t have any trusted iOS or Android apps. Instead, mobile trading can be done only via their web trader. With this in mind, you might opt for another broker on time.
Demo Account
Another missing feature of this suspicious trading firm is a demo account. With their high minimum deposit requirements, it would be reasonable to have it. Thus, they don’t. But when you see top-tier licensed firms offering demos and requiring $10 for a deposit, why would you trade with this firm?
Education
If you don’t have enough signs to stay away from this broker, check their educational programs. Oh yes, there are none, and that clearly tells you they don’t care about your experience. Only about your money.
BullTrend Withdrawal
Without transparent legal documents and licenses, the BullTrend withdrawal is practically impossible. Whatever processing time and fees the company presents you with may change if they need it. Just be careful with fictive tax and fee payment requests. If you are unsure if such requests are legit, seek professional assistance.
Customer Support
As can be seen, the company provides traders with a phone line, e-mail, and web form for contact options. Apparently, their support team is available from 9 AM to 5 PM, Monday to Friday. Thus, they don’t reveal in what time zone, but you can assume it’s the UK based on their phone number. After all, we highly doubt that they will be helpful if you seek withdrawal assistance.
Key Information To Consider About BullTrend
With non-transparent conditions and missing regulations, there’s nothing you should be looking for with the BullTrend scam broker. If you experience any problems, we strongly advise you to report it and share your experience online. You can do it in our comment section as well.
All in all, if you are unsure how to solve your issues, you can always apply for a refund and avoid all the trouble and stress of working with this broker. Feel free to contact our expert team for refund advice already today.
FAQ Section
What is BullTrend?
BullTrend is an anonymous FX and CFD trading firm presenting itself as a reliable UK-based company.
Is BullTrend a Legit Brokerage?
No. The BullTrend broker is not regulated anywhere and it’s a matter of time before you can see warnings against them.
Is There a Way to Withdraw Money From My BullTrend Account?
In a regular way, most likely not. Since various issues are expected during the withdrawal process, feel free to contact us for refund advice if any problems occur.
Source:
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