Table of Content
BitOpps Review – Find Out More About Bitopps.Com
Table of Content
As an offshore cryptocurrency broker that already sounds fishy. BitOpps is owned by Rival Ltd with headquarters in St. Vincent and Grenadines. With their childly designed website, they tried to attract traders with something different. Yet, traders these days only care about security and profits.
|Broker Status:||Offshore scam broker|
|Regulated by:||No regulations|
|Operating Status:||Active trading scam|
|Blacklisted as a Scam by:||BCSC, OSC, FSMA, AMF, CMVM|
|Broker Owner:||Rival Ltd|
|Headquarters Country:||St. Vincent and Grenadines|
|Online Trading Platforms:||Web trader|
|Mobile Trading:||Not available|
|Crypto Asset Trading:||Yes – BTC, DASH, SOL|
|CFD Trading Option:||Yes, CFDs are available|
|Available Trading Instruments:||Cryptocurrencies|
|Free Demo Account:||Not available|
|Accepts US clients:||Not accepted|
But if you can expect to get those two important aspects from this broker you can find them in our latest BitOpps review
BitOpps Financial Safety and Compliance
BitOpps broker didn’t earn much of our trust at the very beginning. Firstly, they are openly lying about being regulated. Allegedly they are member of the Crypto Conduct Authority (CCA). Yet, upon doing our research we didn’t find them in their register. Not only that but also not in any other Tier 1 regulator register. Primarily because St. Vincent and Grenadines FSA don’t provide trading licenses.
Some of the researched registers are from the FCA, ASIC, BaFin and CONSOB. These provide the most reliable trading conditions, high-security levels and funds protection measures. Yet, you can’t expect those features with BitOpps scam broker. Not to mention that we came across multiple warnings throughout the research.
Institutions like OSC, FSMA, BCSC, AMF and FSMA have issued warnings against this broker. With this in mind, there is a guarantee that your experience with this broker won’t be pleasing.
Another confirmation is BitOpps broker reviews. In fact, almost 65% of traders have rated their experience with the lowest mark.
Available Trading Platform at BitOpps
Generally speaking, traders often look for trusted third-party software nowadays. For instance, Meta Trader or cTrader. Since this broker doesn’t provide services legitimately they don’t worry much about their tools. The goal is anyway the same. To rip traders off. Instead of a reliable trading platform, they offer only a web-based platform.
The biggest downside is the lack of transparency. The broker doesn’t allow traders to get insight into the platform before registration. So, you have to leave personal information with scammer to check them out. A big red flag in our opinion. Moreover, they don’t have a mobile app for the platform. This makes it even more desirable among experienced traders.
However, the biggest issue with web-trader is that you can manipulate trading info. They can easily make up like you are winning or losing. Depending on what they want to achieve. Therefore, you should be extremely careful with such software. Especially with the BitOpps broker scam.
Account Options Offered by BitOpps
On the positive side, BitOpps shares transparently their account types. Therefore, you know upfront how much money they want to take away from you. Their account types are:
- Basic $1.000
- Bronze $10.000
- Silver $25.000
- Gold $50.000
- Platinum $100.000
- Black On request
All benefits provided by this broker are regarding education and broker support. They advertise personalized strategies and account managers. Thus, they are not licensed for such services. Even though the broker claims to offer a minimum of $1.000, they will accept as well $250.
In general, the main priority is to get you on board. With manipulative platforms and scamming tactics, it’s easy to retain the client. Until they realize they are getting scammed.
|Broker||BitOpps||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
BitOpps Offers Promotions and Bonuses
Another key point is a bonus. Bonuses have very specific policies, mostly malicious. That’s why bonuses are banned worldwide. Especially in Europe where this broker mainly operates. Once a broker provides you with a bonus, you can’t make withdrawals that easily. You need to make certain trading volume, mostly shamelessly high and almost impossible.
With this in mind, you don’t accept any bonuses because you are getting tricked. The same works for their refer-a-friend program. It’s designed to bring more traders into their scamming nets. For example, if your friend deposits $20.000, you and your friend get $300 bonus. Firstly, $300 on your friend’s deposit of 20K is nothing. But because it’s virtual money it becomes worthless.
Trading Instruments and BitOpps
BitOpps scam broker provides trading services in only one field. That is cryptocurrency. Even though it’s a lucrative business it is dangerous. Especially with unknown trading conditions that this broker doesn’t reveal.
The broker claims to provide hundreds of cryptos on its platform. However, with mysterious platforms comes more unsolved mysteries. Like if they are lying about it. As well as for regulation.
Deposit and Withdrawal Policies
There are two funding methods available with this broker:
- Debit/Credit cards
- Crypto – BTC, XRP
Even if you decided to deposit here we suggest you use a card. That way you can get a chargeback in case something goes wrong and it will.
Since the broker doesn’t reveal the deposit and withdrawal policy, all other terms remain unknown. If this is not enough to realize that this is nothing but a scam, nothing will be.
How Do I Get My Money Back After BitOpps Scammed Me?
Firstly, share your story with us. Many scammers like this get shut down very quickly after we raise our voices together. Once regulators start issuing warnings they will disappear very quickly.
Secondly, you can’t get compensation. Therefore, your only solution is a fund recovery program. Our specialized team has all tools needed for such a procedure. Even Cipher Trace program to look up cryptocurrency transfers. Don’t waste time and get in touch. Let’s start your recovery process today.
- Multiple warnings from regulators against the broker.
- Non-transparent withdrawal policy.
- Unregulated and offshore company.
- Unknown trading conditions.
FAQs About BitOpps Broker
Is BitOpps A Good Broker?
No. They don’t have any credibility or license to provide trading services worldwide.
How Long Do BitOpps Withdrawals Take?
Their withdrawals mostly don’t happen due to scamming activities. They don’t have a withdrawal policy.
Does BitOpps Offer a Demo Account?
No. There is no risk-free option for traders to check the platform and its features.