BullInvest Review – Too Many Irregularities Exposed
For a company claiming to be from the UK, it’s quite strange not to reveal ownership details. However, they briefly mention in T&Cs that the company operates by the company with registration number 472973. Yet, the FCA register doesn’t hold any records under of such.
But there are many more discrepancies. To understand how this broker manipulates clients read this Bullinvest review carefully.
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||BaFin|
|Registered In:||UK (allegedly)|
|Trading Platforms:||Proprietary platform|
|Minimum Deposit:||1.500 EUR|
|Deposit Bonus:||Available up to 150%|
|Trading Assets:||Cryptos, Stocks|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||The reason why BaFin started an investigation against this broker is because of withdrawal issues. Luckily, our team is available to advise you on refund options. Get in touch today to find out more.|
Legal Info: Is BullInvest Legit Or A Scam?
To sum it up, BullInvest broker is an absolute scam. In the first place, they are not in the FCA register as they claim. Also, they are making up fake regulations by European Financial Security. Practically a non-existent institution.
Not to mention that the company doesn’t have any other top tier licenses like BaFin, ASIC or CFTC, on the contrary. German BaFin has just started recently an investigation into this broker and there is a warning.
Who Are BullInvest’s Clients?
According to the company, they have been operating since 2016. However, Whois reveals that the broker only exists for a couple of months. Since then, they have mainly scammed traders from:
Let us know if you also have withdrawal issues and if you need assistance or advice about the refund.
One of the major warning signs is bullinvest.in reviews on Trustpilot. Out of 62 in total, almost 50% are negative ones. Not a good start for a broker. Especially with so many reports about fraudulent activities.
In any case, for any consultation, you can book a meeting with our experts.
Leverage, Commissions, Spreads, Fees and Taxes
Bullinvest scam broker has quite shocking investment conditions. In fact, only after you deposit $25K or more, you can get industry average spreads of 1.5 pips.
With leverage of up to 1:400 and no commission or other fees, that can cost you a fortune. Also, keep in mind that European regulations allow brokers to have maximum leverage of up to 1:30.
Another huge warning sign is the bonus offer. These are generally banned in Europe due to malicious clauses. In the case of this broker, you can get a bonus of up to 150%. If you multiply your bonus with the leverage, you get the mandatory turnover. Practically, impossible to reach.
BullInvest Trading Features
One of the main BullInvest features is its trading signals. But without regulations and trusted software, you can’t trust them. Instead of third-party safe options like cTrader or MetaTrader, they have a proprietary platform. You can only get basic options on their web-based software.
Available Trading Assets
As for the trading instruments, the company is quite mysterious. Without insight into the platform, it’s hard to confirm what they offer. But what they briefly mention is:
- Stocks – AMD, Apple, Nvidia
- Crypto – BTC, ADA, XRM
BullInvest account types don’t offer any significant benefits. Their offer consists of webinars, more trading signals, higher leverage, a loyalty program, higher bonuses and secured transactions. Anyway, there are 4 accounts available:
- Bronze – 1.500 EUR
- Silver – 7.000 EUR
- Gold – 25.000 EUR
- Prime – 50.000 EUR
Mobile Trading App
The bullinvest trading platform is not optimized for mobile users. There’s no dedicated iOS or Android app available. After all, that tells you how serious the company is about its features. To understand how fake trading apps can impact your trading career, check out our Beurax review.
Another key missing fact is a demo account. Without it, new customers can’t check the platform’s features. So, either you risk 1.500 or you look for another broker. We strongly suggest you choose the second option.
One of the most advertised educational options is Bullinvest fundamental analysis. But also, they offer video lessons, analytical tools and calculation tools.
Yet, their educational program can’t be compared to the ones from licensed brokers. But if you read our BizzTrade review, you will understand they are not one of those.
Bullinvest trading is all nice and shiny as long as you are depositing. But the first time you want to withdraw the money, you can expect different issues.
With unknown funding methods, malicious bonuses and withdrawal policies, problems are inevitable. Also, watch out for AML laws, hidden fees and taxes because those are swindlers’ favorite tricks.
As for the contact options, the company offers web form, e-mail and phone numbers. Since they are hiding their ownership, we wouldn’t be surprised that phone numbers are VOIP lines. Anyway, you can’t expect much help from this scam broker.
Key Information To Consider About BullInvest?
Primarily, the broker operates completely anonymously without any regulations. Secondly, they are on the warning list of trusted regulators. Not to mention shady conditions, bonus and withdrawal policies. Practically, wherever you look you can see that you can easily get scammed.
Instead, you can expand your knowledge and research before investing. But if you already did, our chargeback team can advise you on further steps. Keep in mind that the first consultation is free. We are expecting your message.
What is BullInvest?
Bullinvest is allegedly a UK-based broker operating since 2016. But they are not in the UK registers nor do they operate since 2016. Instead, from 2023.
Is BullInvest Legit or Scam?
Absolute scam. The company is not regulated anywhere and BaFin issued a warning against them.
Can I delete my account from BullInvest?
Most likely not. But if you want to withdraw the money, you can get assistance from our refund team. Get in touch today.