Bullquote broker claims to provide clients with a pleasant trading experience and high-profit margins. In addition, the company claims to have several impressive awards, such as Brand of the Year 2020 or Top Broker 2021. However, after checking several trading forums, we came across opposing reviews from clients from different regions of the planet. Some claim that the company enriched them. Others say that they cannot withdraw funds from their accounts. Let’s find out some details about the company to understand if it can be trusted.
Broker status: | Unregulated |
Regulated by: | No Regulation |
Scammers Websites: | bullquote.com |
Blacklisted as a Scam by: | No Data |
Owned by: | N/A |
Headquarters Country: | N/A |
Foundation year: | N/A |
Supported Platforms: | Web |
Minimum Deposit: | EUR250 |
Cryptocurrencies: | Yes (Bitcoin, Ethereum) |
Types of Assets: | Cryptocurrency, Commodities, Forex, Indices, Stocks |
Maximum Leverage: | 1:400 |
Free Demo Account: | No |
Accepts US clients: | N/A |
What About Bullquote Regulation?
Going to the official Bullquote broker website, you won’t find information about the company that leads this investment project or about the location of the main office. Obviously, legitimate financial companies never hide such data. Certainly, we could not find any mention of regulation or at least the broker’s license. After meticulous investigation, the only significant thing we found is the mention of the Marshall Islands law in terms and conditions. In any case, most investment companies claiming to be regulated by offshore financial authorities are scammers. The Marshall Islands don’t have their own regulator. This indicates that even if the company is based there, they are not subject to reliable financial authority.
In addition, we strongly advise you not to invest in Liquidspro, FX EliteTrader and UnionsMarket fraudulent brokers.
Bullquote Warnings From Financial Regulators
At the moment, regulators with a high rating of trader confidence haven’t added the Bullquote broker to their blacklists. However, we haven’t found evidence that a reliable financial authority supervises the broker. The BaFin, FCA, ASIC, CySec, FINMA, and CFTC databases don’t contain references to Bullquote.
Bullquote Warnings From Financial Regulators
At the moment, regulators with a high rating of trader confidence haven’t added the Bullquote broker to their blacklists. However, we haven’t found evidence that a reliable financial authority supervises the broker. The BaFin, FCA, ASIC, CySec, FINMA, and CFTC databases don’t contain references to Bullquote.
Withdrawing Issues
By visiting the company’s official page, you can see the Visa, MasterCard, and Bitcoin logos. The broker assures that you can deposit or withdraw funds using debit or credit cards and eWallets. However, most Bullquote reviews claim that their main problem with the broker is the inability to withdraw money. Unregulated scam brokers often demand to deposit funds through crypto wallets because the blockchain is the most anonymous method to perform transactions. So avoid investment companies that ask to transfer funds to electronic wallets at the first stages of cooperation.
Who are at Risk?
Most Bullquote complaints come from Argentina, Costa Rica, and Australian citizens. The main reason people find themselves scammed is that they neglect to inspect information about brokers.
Traders About Bullquote Scam
The Bullquote reviews we found on trading forums, and feedback websites are negative. Frustrated customers complain about blocking their accounts. Obviously, the positive reviews fall in the category of customers who were allowed to profit. The broker could then ask them to leave positive reviews. In addition, many scam brokers create multiple accounts to post fake reviews.
Bullquote Scam Scheme
Like many other experienced swindlers, the Bullquote trading scam scheme is pretty trivial. The broker lures clients into their webs and even allows some to make real profits. However, it is doubtful that your money is involved in trading. Most likely, scammers use some elements of the Ponzi scheme. For example, they use the deposit of several clients so that others receive money and share positive reviews on the forums. Word of mouth is starting to kick in, and the company is getting a steady stream of new deposits. In addition, the company is unlikely to have liquid capital. Most funds scammers embezzle and block accounts or just ignore withdrawal requests.
Also remember the names of the InvestCore, OpoForex and Amana Capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Scammed by Bullquote? – Tell Us Your Story
If you have any Bullquote issues, please contact our managers. Sign up for a free consultation and share your story. Although many victims of scams give up or consider a refund as something impossible, we can assure you that the misappropriated money will definitely return to your bank account.
But What Is A Chargeback?
Most people associate chargeback with insufficient purchases or lost packages. For example, you received a product and are dissatisfied with its quality. Next, you contact the seller and report the problem. Finally, they return the funds to you. A chargeback in the financial industry has a similar concept. Our team of lawyers and economists will help you collect evidence against a fraudulent broker to present it to a bank or court. In most circumstances, the case is won without reaching the court because brokers avoid dealing with the government.
What Is Bullquote?
Bullquote is an anonymous offshore investment organization that hides the identity of its owners and lack of license.
Is Bullquote A Scam Broker?
Many client and expert reviews claim that the broker is a scammer. Any financial company that is not licensed is a scam.
Is Bullquote Regulated?
No, Bullquote is not regulated by any financial authority.