Should You Trade with BitOptionTrade?
BitOptionTrade is an unregulated broker that doesn’t provide any information about licensing. Even worse, it has been flagged as a suspected Ponzi scheme. This type of scheme involves false promises of huge returns from trading when no actual trading takes place. Instead, the money goes in and out of the fake broker’s account. When the broker doesn’t want to grant a client’s request for withdrawal, the Ponzi scheme broker will block them or disappear.
We Have Found Some Problems with BitOptionTrade
One of the hallmarks of a Ponzi scheme is unrealistic promises of huge returns. BitOptionTrade says its clients earn 350% in profits monthly. This is an absurd amount to promise. If this were true, everyone would have heard of BitOptionTrade. Not surprisingly, these guarantees are false. Clearly, BitOptionTrade is not trustworthy and we suggest staying away. Research regulated brokers and open accounts with them instead.
Here Are Some BitOptionTrade Red Flags:
- No transparency
- No contact information
- False claims
- Suspected Ponzi scheme
- Not regulated
- Bad reviews
What Should You Do If You Have an Account with BitOptionTrade?
We do not recommend opening an account with BitOptionTradeIf you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.