Warning! BullishEquitie24.com is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
BullishEquitie24.com is the typical shady FX broker, so much so that it sets an example. Most of what we have seen with this broker is the epitome of the common FX scam.
First and foremost, we have to talk about the elephant in the room. For us, it was obvious from minute one that the broker is not regulated, but we would like to explain why.
First of all, the broker lies about its address. It blatantly places its headquarters in the United States, a country with the most demanding FX requirements ion the industry, so much so that only a handful of very lucrative brokers operate there today. In order to be a legal broker there you must get approved by both the CFTC and the NFA, two agencies that do not kid around. For one, a $20 million capital is required to be kept at all times in order to be considered. We seriously doubt that BullishEquitie24.com has that amount of money. Therefore, the broker is not licensed nor located in the US.
Next, we have a complete lack of legal docs which is essentially the firm telling us that it does not form a legal relationship with its users; and by that case alone all interactions with the broker are not governed by any rules. In other words, BullishEquitie24.com can do as it pleases with its clients’ money and personal details.
The lack of any regulatory information is the last bolt. This broker is completely unregulated, and a risk to all!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
The user area is a mess, a clear reminder that we are dealing with a shameless scammer of a broker. The worst part of it is the complete lack of a trading software. Yep, that’s right, this is one of those brokers that cannot really be called a broker because the defining elements is missing. In other words, users cannot trade assets, cannot use leverages, and no spreads are applicable.
As we discovered, there is no software in the user area. The firm seems to think that by including a range of third part charts it redeems itself, but this couldn’t be further from the truth. Third party charting softwares are not interactable, and thereofre serve no purpose here.
The mina thing the company offers are investment packages, which are scams without a doubt.
The client is expected to invest $5000, for example, and is told that on top of his deposit a monthly interest rate of 30% will accumulate, as if out of nowhere. This is all untrue and a sure way to lose you money.
BULLISHEQUITIE24.COM MINIMUM DEPOSIT
According to the user area, the minimum deposit is $500 for the very first investment package.
The only way to invest is through crypto wallets. May we remind you that all crypto transactions with unlicensed brokers are untraceable therefore non-refundable?
That’s all the depositing information we have. Not that it’s worth investing in this scam in the first place.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
BULLISHEQUITIE24.COM WITHDRAW TIME AND FEES
From the user area we learn that withdrawals happen through a BTC wallet and a bank transfer. The client area pretty much gioves all the withdrawal detials, and they aren’t at all good.
For the bank transfer, the minimum withdrawal amount is $10 000, and there is a 30% fee, which amounts to a minimum of $3000 commission per transaction; again a completely ludicrous claim! Bank transfers are processed within 24 hours.
The BTC withdrawals are charged by 20% and there is a minimum request amount of $500. The situation with the fee is the same; it’s way too high. It takes an hour to process these requests.
Overall, very shady withdrawal conditions.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
This broker is both a scam and a mess. Do not waste your time here.