✔️ Information reviewed and updated in March 2024 by Eduardo López
IS Bullbit RELIABLE? OPINIONS
In this post I will analyze Bullbit. Is the platform for cryptocurrencies, CFDs, indices and stocks Bullbit (with website bullbit.org) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think Bullbit is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
|About the company
|Mention being located in UK
|️ ️ Phone Number
|📧 Email Address
|???? Live Chat
|💳 Payment methods
|Credit card, cryptocurrencies, Visa and MasterCard
|❓ Company type
|cryptocurrency, CFDs, indices and stocks platform
📞 LIST OF PHONE NUMBERS:
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of accounts that Bullbit offers; They are divided into 4 accounts. Here is a table with a little more information about minimum deposits by type of account.
|TYPE OF ACCOUNTS
|MINIMUM INITIAL DEPOSIT
|€ 2 000
|€ 5 000
|€ 15 000
|€ 50 000
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “bullbit.org” was registered on May 30, 2023. That is, it is a website that is not very old. 🚩
- The website does not mention who it belongs to, we noticed a clear lack of transparency in very important data. 🚩
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company.. (I.e.
⭐ Bullbit OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company mentions being located in the UK, but I think they are trying to mislead about their location. I recommend extreme caution.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “bullbit.org” was registered on May 30, 2023. It is very recent.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
5) The company has been reported by the following financial regulator(s): FMA, Austrian Financial Markets Authority. It is a very unsafe company, be careful.
“To be honest with you, I would not invest in this type of company: it is not regulated. It does not mention which company it belongs to. I honestly cannot recommend a company of this type.”
💬 WHAT TO THINK OF A COMPANY LIKE Bullbit?:
Bullbit has gained a questionable reputation in the financial world, raising significant concerns among investors due to several factors that raise questions about its reliability. One of the main points of concern is the platform's stated location in the United Kingdom, which has come under scrutiny for its dubious nature. The lack of clarity about Bullbit's actual location undermines the transparency and credibility of the service, generating distrust in those considering investing through the platform.
Another source of insecurity for investors is the limited information provided by Bullbit regarding its regulation. The absence of details about the regulatory entities that oversee its financial activities raises serious questions about the legitimacy and legality of its operations. Regulation is a fundamental pillar in the financial industry to safeguard the interests of investors, and the lack of transparency in this aspect constitutes a warning sign for those seeking to operate with a trusted broker.
Additionally, it has been reported that Bullbit has been reported by the FMA, the Austrian Financial Markets Authority. This complaint by an official regulatory entity adds another layer of concern, as it suggests that the broker could have engaged in practices that go against financial regulations. The intervention of a competent authority reinforces suspicions about Bullbit's unethical or even fraudulent conduct, which should be a cause for caution for potential investors.
📣 LATEST UPDATES:
1) Update January 2023: la FMA, Austria's Financial Markets Authority, has denounced Bullbit.
✔️ CLAIM MONEY FROM Bullbit:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT Bullbit:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
Bullbit is an investment platform in cryptocurrencies, CFDs, indices and stocks.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
Bullbit is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.