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BWSTOCKS Details
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We have witnessed the rise and fall of dozens if not hundreds of brokers just like today's firm- BWSTOCKS. There are certain things to mention. First of all, we have here a failed attempt at distinctive presentation, with colors that excite as much as watching black paint dry. Moreover, there was an immediate feeling of a lack of information. It is as if BWSTOCKS had these empty spaces in between texts that were crying out to be filled with some content. And then, we have the content that has made the cut, an amalgamation of lies and empty promises. It all comes together to form BWSTOCKS, a shady and offshore broker.
And there really isn't anything to counter our preliminary verdict. Even the very fake address in the US seems more like e feeble attempt than a genuine argument.
The United States cannot be compared to any other country in the world in terms of FX regulatory severity. The local overseers, the CFTC and the NFA, are the most strict and demanding of all regulators and make sure that the US FX market stays concentrated in the hands of a few giant brokers. One look at BWSTOCKS is enough to know that thsi firm does not stand a chance.
BWSTOCKS is without a doubt 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).
Very soon, we found out that our conversation about the trading conditions will be over as soon as it has begun. All we find are mentions that forex currency pairs, oil, cryptocurrencies, real estate, and, out of oblivion, sports are available for trading. How one trades in sport is unknown to us, and we doubt that BWSTOCKS knows. As for real estate trading, it's very rare for a broker to offer such services. BWSTOCKS is thinking of another kind of broker.
And then there is the issue with the trading platform, or rather the lack of a trading software. Yes, there is no software on which to trade, meaning that these assets and sports cannot be traded on anything. Who need a spread or a leverage vlaue then?
BWSTOCKS LOGIN
Unfortunately, we could not access a trading platform. The most alarming part of this is that the website does not really speak of a trading software, which probably means that there isn't one.
The account details on the website mention a saily profit percentage, which suggests that users invest and then the money starts building up from thin air. There no economic initiative here – BWSTOCKS claims to be giving away free money in return for nothing. This is an investment scheme if we ever see one!
BWSTOCKS MINIMUM DEPOSIT
Investing in unlicensed brokers is a complete waste of money.
The minimum deposit is $20, as this is the minimum requirement for opening the basic account type.
The legal documents mention that clients can deposit by means of a Bitcoin wallet. This is all we needed to hear; all deposits at BWSTOCKS are henceforth a proven risk. All crypto deposits with scammers are untraceable and it is, therefore, very difficult to get your money back.
There are no further details on any deposit conditions.
BWSTOCKS WITHDRAW TIME AND FEES
As we have already noted, withdrawals with BWSTOCKS will be very hard to withdraw, if not impossible.
We have some evidence suggesting the only way for users to withdraw is limited to the same BTC wallet that is used for depositing.
Other than this vague glimpse into withdrawals, the broker has nothing else. There are no fees revealed, nor any processing times. With unlicensed brokers, we always say that fees are just around the corner as scammers come up with them on the go.
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.
ACCOUNT VERIFICATION
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!
BOTTOM LINE
There is no reason for wasting any more of our time with BWSTOCKS. This broker is a scam and a risk to any and all investments.
BWSTOCKS compared to other brands
Brand
Rating
Bonus
Min Deposit
Company
Country

BWSTOCKS
-
$20
N/A

ForexTime
Copy trading
$10
United Kingdom, Cyprus, South Africa, Mauritius

OctaFX
50% Bonus
$50
Cyprus, Saint Vincent and the Grenadines
Amos Acire
Bwstocks has put me at the high risk of going to jail.i just got a loan last year December to invest in their company unfortunately they have closed up the website. So kindly requesting you to refund my money 850 USD to my number. I will be so grateful if my request is put under your consideration, thanks
Rubongoya George Tumusiime
Thanks for the information, however am an investor from Uganda,and since we got notice of hackers to system of bwstock,we have no idea how far/ long this will get solved,my username is Rubonks .so please kindly give us information about the situation.am real worried about this sage.