BidTrade Broker Review –  Does BidTrade.net Scam Traders?

The broker BidTrade has vanished after receiving an official FCA warning. Our goal is to help you identify this fraudulent investment firm by exposing all the information and guiding you through the investigation.

Our BidTrade review will show you exactly which brokers to stay away from.

Orient JTL Global, verdict and RoyalStox scam broker reviews should be read first.

1. Scam Broker Status: Unregulated
2. Broker Regulation: Unlicensed Forex Provider / Unregulated
3. Websites of scammers: bidtrade.net
4. Forex Trading Scam: Active
5. Scam listed by: FCA
6. Owner of the broker: N/A
7. Country of headquarters: UK (allegedly)
8. Inauguration Year: 2022
9. Platform: WebTrader
10. Mobile Trading: No mobile trading is available
11. Bonus on deposit: N/A
12. Trading Crypto: Available
13. Trading CFDs is possible: yes.
14. Instruments: FX, commodities, indices, shares, cryptocurrencies, etc.
15. Maximum leverage of 1:100 is allowed.
16. Islam Account: Not available
17. Demo account: No, only live performances are available
18. Accepts US clients: The company does not accept US traders.
19. Scam Broker – Don’t Invest!

Is BidTrade a Scam Crypto and Forex Provider?

BidTrade Forex has a regulation reference number 763377 and claims to be part of Bids Trading Limited. If we didn’t know that the FCA warned against the scheme, we might believe that BidTrade was regulated by it.

Many companies claim to be part of a legitimate firm to get clients to invest with them. Any registration number you see should be checked on the regulator’s website. Compare all the websites used by the company with those provided by your trading firm. You have a clone brokerage if the domain isn’t listed.

False Trade License Claims – This is 100% Scammer

BidTrade claims an FCA license. This made the outage of the website quite suspicious. There is usually no reason for legitimate brokers to close their doors.

Our investigation revealed that BidTrade was a clone firm that had to disappear once the scam was exposed on the FCA register.

Where Is BidTrade Trading Scam Active? 

A four-month-old firm shut down its website after being exposed and exposed. Since February, BidTrade trading scams have primarily been observed in the following places:

• Italy
• UK
• UAE
• Spain
• Germany

How Does BidTrade.net Scam Contact Victims?

However, various methods are used by scammers like BidTrade to contact their victims. The scam involves clients being lured into signing up for a fraudulent ad and giving out their personal information. There will be many unsolicited offers and phone calls after you sign up.

Trading online without signing up for a trading account is still possible. Many brokers, including Facebook and Instagram, use social media to reach out to their clients. Someone will guarantee that you can make thousands of dollars in a few hours.

Scammers can also reach out to you through dating apps. A person may claim to make passive income through online trading. They’ll ask you to invest after a few months, even offering to split the investment 50-50.

These are all scams. The credibility of legitimate firms suffices to attract clients. Furthermore, put off any risky investments in InterCapital, ACE FX, or Holding Partners.

Did BidTrade Scam You? – Start the Chargeback Process

Trading Forex or CFDs with this investment firm is not reliable. BidTrade is a scam, so don’t beat yourself up over it. Even though it may seem devastating, you must take action.

Get in touch with our recovery specialists via online chat, and we’ll find the best recovery option for you. Now is the time to get started!