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Bitsterzio Review – The Scam Behind Bitsterzio.Com Broker
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Bitsterzio is allegedly a UK-based company that offers you the possibility to invest in forex, CFDs, and cryptocurrencies.
Although after browsing their website more, we couldn’t find anything to back up their allegations that they are a UK-based company. You can’t find their phone number, email, or any address anywhere as they so proudly claim they have on their website.
On top of that, they claim you just need to take the word of the online trading company that they are legit but as they wrote on their website, they have a license and regulation. After we tried to find their so-called license, we just found that once they get it, they will put it.
In this honest Bitsterzio review we will give you all the needed information about this online trading scam company and why you should stay away.
|Minimum Deposit||10,000 $|
How Are You Protected at Bitsterzio?
Honestly speaking, you are not protected at all when working with a Bitsterzio broker. Yes, they do claim that you can trust them and that your security comes first, but after we tried to find anything that can back up their words, we found nothing.
All that they put is that once you start working with them, you will have total security of your account and that all of your funds are secured also. In reality, those are just words they put on their website to make it look like they know what they are doing for inexperienced people. They also lack basic information such as phone number and address.
In terms of regulation, they have none, so, we do recommend you stay away from this illicit broker and many others alike since they are nothing more than another online scam.
Available Trading Software Overview
Like many other investment scam brokers like Bitsterzio, they also claim they have cutting-edge technology when it comes to their trading software.
We weren’t surprised at all when we realized you can’t find their trading software or platform anywhere. The only thing you can see is that they allegedly offer you both the web trader and mobile trader, but that’s all we could find.
Account Types Offered by Bitsterzio
Bitsterzio scam company offers many different trading account types.
- Bronze 10,000€
- Silver 25,000€
- Gold 50,000€
- Platinum 100,000€
- Diamond 250,000€
- Premium 500,000€
- VIP 1,000,000€
While we were conducting this Bitsterzio broker review, it took us by surprise when we saw that they are asking for a minimum deposit of 10,000€. Not only is that too much to ask for a beginner to invest but it raises more suspicion they are nothing more than scam brokers who want to take as much money as possible.
Market Instruments Traded at Bitsterzio
As we have mentioned above, Bitsterzio offers you the possibility to invest in the following:
Although that sounds like a lot of options where you can make money, we come upon many complaints made against a broker that they don’t even help you understand what you are investing.
So, if you were wondering have they violated any terms and conditions, they did, a lot actually.
Deposit and Withdrawal Procedures
After we were browsing their website, we came upon their deposit methods that as they say offer you the possibility to activate the account using the following:
- Visa debit or credit card
- Master debit or credit
- Wire transfer
That sounds completely fine but here comes the fun part. They have stated the withdrawal process takes between 3 to 5 business days and that there are no fees associated. After we took a closer look we came upon a different paragraph that states there might be bank fees.
That’s not all, we also stumbled upon many customer complaints in regard to the withdrawal issues. Customers stated that withdrawing their money is not possible since their agents ask that you pay a certain amount as a fee to do so.
In case you have made a deposit with them or any other fraudulent broker, getting your money back is possible and you don’t need to feel ashamed reporting a scam.
How Do I Recover My Money If Bitsterzio Scams Me?
If, by any means, you have fallen victim to Bitsterzio or any other scam, don’t feel ashamed about it, since it can happen to anyone!
There are ways how you can get your money back and we would be grateful if you can share it with us since we can help you report it to the authorities. Reporting it to the authorities, gives you better chances to get your money back since if you made a deposit with your card, you have up to 540 days after making a transaction to file for a chargeback.
- They are an unregulated company offering online financial services.
- The company doesn’t even have a proper trading software.
- The minimum required deposit is 10,000€ even for beginners.
- They don’t have basic information such as phone numbers or address.
FAQs About Bitsterzio Broker
Is My Money Safe with Bitsterzio?
No, they offer unauthorized financial services with no funds security whatsoever and you will lose money.
Does Bitsterzio offer Demo Account?
No, they are asking you to start with 10,000€ even if you are a beginner.
What Are The Funding Methods For Bitsterzio?
You can use Visa or Mastercard debit or credit card and also wire transfer.