BitPlus Capital Review – Scamer Flimflams Investors Out of Their Cash
BitPlus Capital Review – Scamer Flimflams Investors Out of Their Cash

As an alleged advanced financial institution, the BitPlus Capital scam actually leads their victims straight into a malicious contract. At first, depositing funds with this investment portal is promised to ensure certain passive income with low fees. 

Alas, illusion shatters quickly, as the defrauded learn that the whole scheme is just a charade designed to rob them. Therefore, please pay attention to our BitPlus Capital review before you believe anything these frauds claim.

Regulated by: Unregulated Investment Firm
Is This Company Safe? No, this company has proven to be dangerous for any investments, so stay away!
Known Websites:
Have Warnings from: N/A
Registered in: Gibraltar
Operating since: 2023-07-04
Trading Platforms: Web Trader
Maximum Leverage: N/A
Minimum Deposit: £10,000
Deposit Bonus: No
Trading Assets: Crypto
Free Demo Account: No
How to  Withdraw from This Company? Issues occur often on this site – contact our advocates to ensure safe withdrawals.

Proof of Legality – None

It is quite apparent that this swindler intentionally confuses victims. Their claims about Gibraltar registration and a license from the jurisdictional FSA (a non-existent entity) simply do not hold up. The firm called Bitplus Capital Algorithm Trading Technologies PCC Ltd is not licensed in Gibraltar by FSC

Another entity is mentioned in the legal papers, however, and their legal jurisdiction seems to be the UK. However, that firm – BitPlus Capital Ltd. is not among the regulated entities in the FCA database

Everything seems to lead us to a unified conclusion about the company being an unsafe investment sham, just like Glenrocks which operates without a license.

Young Site With Many Victims

The site was launched in July 2023, with the main targets of the scheme living these areas:

  • United Kingdom
  • Australia
  • United States
  • Canada

BitPlus Capital investment fraud uses boiler room agents to do their dirty work. These persuasion experts work by phone, and follow a pre-written script that helps them influence their marks. If you’ve invested funds with these miscreants, feel free to contact our legal experts.

Fake Ratings Complement The Ruse

Nearly every corner of the web is polluted with fake content about the company, including misleading BitPlus Capital reviews. 

Not only does the company employ intermediaries on sites like YouTube streaming network, there’s a whole truckload of false ratings on popular platforms like TrustedReviews, and SiteJabber.

All this content was by so-called review seller networks, or better said by third party scammers paid by the company for their services. The bamboozle, however, did not go unnoticed by Redditors, who have an active discussion about the topic on one of their boards.

Taxes on Everything

Fees are being deducted directly from your total account balance, as the legal papers disclose. Since the broker doesn’t respect the AML measures and doesn’t follow the segregation of funds standard, they’re free to manipulate your funds at their will. 

That also includes charging “conversion fees of up to 15%, processing fees of up to 5%, and broker fees of up to 20%”. What’s there left for the investor to cash in, you’re probably wondering. The answer is short: nothing.

Appalling Trading Environment and Tools

We cannot pinpoint a single feature marketed by this shady firm that’s anyhow worth paying for. There’s a shallow offer of investment products, overpriced accounts that promise unrealistic returns or the absence of reliable software. Keep reading this review and see for yourself.

Trading Platform is Useless

Omnipresent web trader we found on this suspicious portal doesn’t differ much from what you’d commonly see on any other fraudulent trading site. 

Easily manipulated into showing you false profit and fake values, this terminal is preferred by a number of notorious criminals, among which is, too. Without proper analytical features and customization tools, you cannot expect to make educated decisions when it comes to trading.

Crypto-focused Offer

While there’s a bunch of reasons why crypto is an attractive trading niche, this firm fails when compared to what acclaimed investment platforms offer as alternatives. 

Having only one type of financial assets available is very shallow and unmotivating for investors to join in the investment race. 

BitPlus Capital crypto assets on this portal could be traded:

  •  against each other (BTC/ETH, BCH/BTC) 
  •  against Fiat currencies (BTC/EUR, BTC/USD, ETH/USD)

Investment Options 

Just for thinking about starting any of the BitPlus Capital account types, you have to be ready to cough up tens of thousands of pounds. 

Not even legitimate offers demand that sort of cash, although they do provide the promised features, unlike this sham. This unregulated platform certainly cannot be trusted they’d reward you with any of the promised passive income schemes:

  • Green – £10,000; 0.45% ROI
  • Silver – £50,000; 1.25% ROI
  • Gold – £100,000; 2.15% ROI
  • VIP – £250,000; 2.45% ROI
  • 1 Million Club – £1,000,000; 2.95% ROI

Verification Levels Before Payouts

To even be considered eligible for submitting a withdrawal request, a client first has to pass a series of identity confirmation steps. These include uploading photos of your sensitive data and information, from ID and passport to your utility bill. 

Now, for a completely anonymous financial service provider to ask such a thing from their users is highly hypocritical, unprofessional and all in all illegal. 

How well you’re verified defines what amount of cash you can withdraw with Level 1 verification withdrawal limit being just $1.000/month. You can be sure this excuse is used to block your payout requests.

Seemingly Rich Contact Options

The website has a bunch of various contact channels posted on the dedicated page that also encourages customers to refer to the client service whenever in need of advice. We cannot verify the functionality of the phone numbers, but don’t expect the promised service to even exist. 

What we know for sure is that the online chat option is only provided in the form of an icon that leads nowhere. An additional communication channel is the online form.

Fraudsters Took Your Money? Fight Back!

There’s nothing nice we can say about this complete sham of a company. They are an illicit business that exists to steal from their clients, and they use all of the tools at their disposal to be more proficient at it.

Don’t let the swindlers get away with taking your money! With the help of our legal experts, you can still fight back for what is yours. We are available 24/7 via the live chat, so you can book a free consultation at any time.

FAQ Section

What is BitPlus Capital?

It is an online financial fraud that adopts the guise of an investment firm to efficiently steal money.

Is BitPlus Capital a Legit Crypto Investment Firm?

No, the firm is completely illicit. This business entity is not properly regulated in any jurisdiction.

What is CipherTrace?

It is a specialized toolkit that allows professional users to track crypto transfers. For more information on how to get your money back with the help of this software, contact our legal experts.


Leave a Reply

Please rate

Your email address will not be published. Required fields are marked *

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Comment link copied