Warning! Elite Bull Crypto is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
Elite Bull Crypto has chosen to take the form of a common scammer broker template, one that we can easily identify the moment we see. Even newer users in the game might be able to see right through the thin layer of Elite Bull Crypto straight into its real purpose. The following review covers the real Elite Bull Crypto and not the façade it tries to present us with.
We learn from the terms and conditions that the user has to verify her relevant laws in her own jurisdiction in order to make sure she can use the broker’s services. In other words, every user should first make sure she is somehow allowed to access the broker and its services. In reality, it’s Elite Bull Crypto’s job to do that, and only it. The broker must be regulated in order to provide a fair and secure trading and payment environment for all would-be clients, and not the other way around. The legal statement is false and misleading.
Furthermore, the broker thinks it can convince us that it is registered in the United States by providing a contact address in the US. One way to know that this is not so is to consider the FX situation in the US: it’s the most heavily regulated FX environment in the world, with multi-million (if not billion) dollar brokers that have had their power over the local industry for years now. A shady and unprepared entity such as Elite Bull Crypto can never even be allowed to think about a US-based registration.
All in all, we can say for a fact that Elite Bull Crypto is actually anonymous. Anonymous brokers are automatically scams in our eyes, and are considered unregulated from the get go. Elite Bull Crypto is not licensed and is 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).
After a very easy registration process we were completely pushed away from the user area; a mess of limited elements and brokers sides. Because of the state of the user area, and especially the web trader, we believe that users cannot trade. We will discuss this in more detail, but for now we honestly think that there are no applicable trading conditions- like spreads, leverages, and trading assets.
ELITE BULL CRYPTO LOGIN
The following software cannot be considered a trading platform, and we do not treat it as such. The third party chart is irrelevant, and the menu on the right is inadequate at best.
We truly believe that users cannot trade on this web trader. We tried, and we could not even make anything out of it. There is no buy and sell buttons, even though that there is a “place trade” button, it does not do anything specific. The broker demands a deposit before interacting with it, which is another way of demanding moneny form your client.
ELITE BULL CRYPTO MINIMUM DEPOSIT
The client portal reveals a BTC wallet, a ETC one, and bank transfer as payment gateways.
Bank transfers actually don’t seem to work – there is no process and no proof that the user will ever be able to top her account through this method – , and the option is added just to make users think that there is an alternative to the crypto methods.
But the truth is that the user would be directly investing into a shady crypto wallet, and the money he sends off will never be seen again.
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.
ELITE BULL CRYPTO WITHDRAW TIME AND FEES
All the needed withdrawal information we found in the user area. The we learn that the minim withdrawal amount is $100, and there is a 16% withdrawal fee, which is going overboard for sure. This is a huge fee to consider.
There was no withdrawal processing time revealed.
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!
Elite Bull Crypto is not worth your time and money. Not even a penny or a second!