BullishFX Review: Learn More About This Scam Broker
BullishFX Review: Learn More About This Scam Broker

BullishFX broker is one of those that is mastering their hiding skills. It’s highly unreasonable to do so when you are about to gain a trader’s trust. In addition to that, this broker doesn’t reveal any ownership, location, or contact information. With this in mind, we should be very careful with this broker.

For reasons why not to trust such brokers and what to look for in a broker, read this detailed BullishFX review.

Also, avoid the trading frauds Polarbtc, Volofinance, and Skilling at all costs! Moreover, before investing, always look into the past of Internet trading firms!

BullishFX Platform
Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Scammers Websites:Bullishfx.co
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:N/A
Foundation year:2020
Supported Platforms:MT4
Minimum Deposit:N/A
Cryptocurrencies:No
Types of Assets:Forex, Precious metals
Maximum Leverage:1:500
Free Demo Account:No
Accepts US clients:Yes
Site Grid:N/A

Is BullishFX a Scam Broker Without License?

Not only that they don’t have any licensing, but also don’t have a headquarters country. It is most probably some offshore company where licensing is not required at all. For security reasons we had to check some Tier 1 regulators, to be sure about this broker. As expected, checking databases of FCA, BaFin, and ASIC was on point. BullishFX trading company doesn’t have regulations with any of those.

FCA result regarding BullishFX

With this in mind, you already know that your money is at extreme risk here. Any deposited funds go directly into the broker’s pocket. Invest your money wisely and not with these swindlers!

Whatever you are looking for, you won’t find it with this broker. From licensing, contact information or ownership information. They lack everything. Moreover,  they don’t provide anything competitive. So, forget about this one and start looking for a better broker on time.

Trading Platform and Other Apps on BullishFX

One of the key points of trading is the trading platform. It is required to be reliable, trusted, and highly efficient. But sometimes even shady brokers can provide a trusted platform. This is the case with the BullishFX broker. However, the BullishFX reviews wouldn’t say that trading is secured here.

MT4 Platform

Surprisingly, this broker provides the industry-standard platform Meta Trader 4 (MT4). The platform itself provides a vast of trading options, indicators, and advanced features. Even though it is considered a safe platform, sometimes shady brokers grant access here. In this case, it is another mystery about this broker. Since, after registration, we couldn’t pass a login screen. Another red flag for this broker.

MT4 is overall available on all devices. It is considered the best platform for beginners due to its very user-friendly design. However, some shady brokers tend to manipulate those platforms as well. They make traders believe in fairy tales by changing info on the platform. On the contrary, money that traders deposit as result, go straight into scammers’ pocket.

BullishFX’s Trading Assets and Instruments

Yet, another disappointment comes from trading instruments available. Firstly, they don’t provide any competitive instruments like crypto or stocks. Secondly, trading conditions with those available are not favorable for traders. But let’s take a closer look.

This broker offers only:

  • Forex – USD/JPY, AUD/NZD, EUR/SGD
  • Precious metals – Gold, silver

Above all, they only limit traders to trading with gold and silver from commodities. Which is quite ashaming.

BullishFX Countries Of Service

If you take a look at any BullishFX review you can realize a pattern. They are scamming traders from:

  • Philippines
  • United States
  • Indonesia

Considering the United States’ strict regulations, we don’t doubt this broker will be exposed soon. Considering their quite anonymous and poor presentation, any country is their possible target.

What Are The Different BullishFX Account Types?

Another key point is BullishFX’s offer. Account type offers are quite poor as anything else related to this broker. Not only poor but non-existent. Traders can’t see what exactly this broker offers. In general, whatever this broker would offer is questionable. This is just another scam broker whose only goal is to extract from traders as much as they can.

Can a Trader Use a Demo Account?

We didn’t expect a broker like this to offer a demo account. As expected, on their website you can’t find anywhere option to open a demo account. While with some top-tier regulated brokers, you can get both micro and demo accounts. Especially through the MT4 platform. Therefore, it’s another reason why not to trust this broker. Maybe try your luck somewhere else.

Terms and Conditions for BullishFX – What You Should Know

Important to realize is that this broker doesn’t have precise T&Cs. Moreover, they don’t have negative balance protection. That is extremely dangerous because they can debit your trading account. As the company states, they can charge any fees from your trading account balance. However, if there are insufficient funds, you will be in debt.

Have in mind that many Tier 1 licensed brokers are obligated to provide a negative balance feature. Moreover, this broker doesn’t reveal any of their funding methods. As a result, there is a high chance you will be pushed into something that is not secured!

Leverage, Spreads, and Fees

As for trading conditions, those are quite uncompetitive. With leverage up to 1:500, all trades are very risky. One short swing of the market can wipe your account out. Important to realize is that spreads remain unknown with this broker. Same as fees. So, traders can expect the unexpected. A safer option is to look for a Tier 1 regulated broker and open your account there.

BullishFX White Label Partner Program

White label program enables other companies to use BullishFX technology for trading. They present themselves as better quality service, secure and reliable. This is not the case, given all the facts presented in this BullishFX review. The only goal of this program is to extract leads from other companies and lure them into this scamming net.

Scammed by a BullishFX Broker? – We Want To Hear Your Story.

Not all hope is lost. Share your experience with the BullishFX broker here. Our specialized fund recovery team can assist you through the chargeback procedure steps. Don’t let these guys get away with your hard-earned money. Contact us today to start your chargeback process!

What Is the Chargeback Procedure?

It is a money reversal transaction. Often performed on debit/credit card transactions. Your money is traced and sent back to the cardholder’s card. Let our fund recovery team do the hard work for you. Get back to us now and book your free consultation!

FAQ

What Is BullishFX?

This is just one more anonymous broker that provides FX trading services without any credibility.

Is BullishFX a Scam Broker?

Absolutely. Not only that they don’t have any license, but also no headquarters country, contact information or anything else necessary.

Is BullishFX Available in the United States or the UK?

This broker offers services to United States traders, but not the UK ones.

Does BullishFX Offer a Demo Account?

Not only that they don’t offer a demo account but not even live trading accounts.  Their offer depends solely on the agents you are working with.

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

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