If you’re looking for a reputable, licensed Forex and CFD broker, BullCFDs is not the one. The firm operates from an offshore country and has never obtained a regulation. Thus, it decides about its own trading conditions. Your money is never safe with unlicensed scheme firms.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | bullcfds.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Horizon Targets Solutions LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Available |
| Types of Assets: | Forex, indices, commodities, stocks, cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
Is BullCFDs a Broker With a Good Reputation?
BullCFDs is owned by Horizon Targets Solutions LLC, registered in December 2021 in Saint Vincent and the Grenadines. Maybe you already know, this offshore island has no financial regulator. Ever since the Financial Services Authority decided to register businesses but directed them to opt for a license in the service country, numerous scam brokers rushed to register there. Technically, they don’t belong under any supervision unless they decide to register with the FCA, ASIC, BaFin, or any other Tier1 license provider. Which BullCFDs never did.
BullCFDs is not a legitimate investment service provider. The firm is unregulated and operates from an offshore country. The consumer index is 1, indicating low trust.
How Unsafe Is An Unlicensed Broker?
Imagine depositing your funds with an anonymous bank with no authorization from the Central Bank in your country. Now you know what it’s like to invest in unregulated brokerage. Your funds are not safe, and the firm can vanish at any moment. And with that, your funds can disappear as well.
To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such asAmplixx,5Markets, andCryptoGo365.
Traders’ Experience With BullCFDs
The firm won’t win an award for broker of the year. Customers are unsatisfied, and according to reviews, most never got a withdrawal. In fact, the broker ensured that their trading account was immediately blocked once they submitted a request. Do not invest with BullCFDs if you cherish your money.
What Platforms Does BullCFDs Offer? – Available Trade Software
BullCFDs offers a proprietary desktop and mobile app and a WebTrader.
Desktop Platform
The desktop trading platform is based on the web version and has all the same tools. You’ll notice a lack of advanced features such as social trading and automated trading in this case. We cannot say it’s the worst trading platform we’ve had a chance to review, but it’s not the best either.
Mobile Trader
The mobile app is similar to a desktop one. Basic features include buy and sell, trading history, and margin. Nothing close to MT4 or MT5 apps.
All About BullCFDs Accounts
This broker has four account types, including:
- Basic – $250
- Gold – $25,000
- Platinum – $50,000
- VIP – $150,000
The main difference is in spreads, market reviews, several free withdrawals, and daily analysis.
BullCFDs Broker – Countries Of Service
BullCFDs trading scam is mainly active in:
- UK
- Australia
- UAE
The firm has no license and provides financial services illegally. Thus, you should avoid it and find a legitimate brokerage.
Please remember the names of the scammersAax, Exindex, andZuluTradeand stay away from them! Also, before investing, always examine the history of internet trading organizations!
SSL Certificate – How Fraudsters Can Lure You
When the firm has nothing to offer, they often mention encryption and SSL certificate. In reality, this is not a money-back guarantee, data protection guarantee, or anything similar. The company purchased the certificate and added it to its website. However, it can cover only one part of the website, for example, the main page. Once you switch to a trading platform or a deposit page, this certificate may be missing, meaning the broker can easily steal your data in the most vulnerable moment. Make sure to check each page you’re redirected to, and never leave your information if the page is not secure.
BullCFDs Range of Trading Instruments & Markets
BullCFDs offers trading with:
- Currency pairs – EUR/USD, GBP/USD
- Commodities – gold, silver, natural gas
- Indices – NASDAQ, Dow Jones
- Shares – Amazon, Tesla, Apple
- Cryptocurrencies – BTC, XRP, LTC
BullCFDs Trading Conditions
Trading conditions are pretty blurry, leaving us wondering about the real risks.
About Leverage And Spreads
BullCFDs has never mentioned leverage, meaning that your funds can be exposed to high risk, but you won’t know it before depositing the money. Besides, the spread is described as floating, without any specifications. Since the spread determines your trading costs, missing is not a good thing. A legitimate firm would never allow not to share important information, but as explained, BullCFDs broker just doesn’t care.
BullCFDs Deposit, Withdrawal Methods, And Fees
The minimum deposit starts at $250, while the minimum withdrawal amount is not specified.
What Payment Methods Does The Broker Accept?
According to the Deposit and Withdrawal Policy, the company accepts:
- Debit/credit cards
- Wire transfer
- Cryptocurrencies
The fees are not disclosed.
BullCFDs Bonuses – A Fraudulent Method
BullCFDs offers bonuses and other incentives. While most Tier1 regulators prohibit these, scheme firms still abuse them to prevent clients from withdrawals. According to the Terms and Conditions, “If a client receives a bonus from the company, the client will not be able to withdraw any profit before he trades with an amount equal to 1,000 times bonus.” And that’s how you’re prevented from withdrawals before you even started trading.
Customer Support – Communication Channels
This broker contacts customers mainly through phone calls and emails. Besides, if a client has never registered, the company can use various social media, such as Facebook and Instagram, to offer their services. In some cases, they’ll use existing customers as a tool to advertise and promise them a small percentage in return. Whatever you hear or see, you should keep in mind that BullCFDs is not regulated.
Scammed by BullCFDs Broker? – Let Us Hear Your Story
If you were scammed by BullCFDs or a similar fraudulent firm, let us know. Our chargeback specialists will be happy to help and assist you with your recovery.
But What Is A Chargeback?
This is a way for your bank to recover stolen funds. Contact us via online chat for more details. We will book a free consultation with our experts. Start in time before this firm vanishes like numerous others.