TheBullRun Review: Key Takeaways and Summary
Never have we ever seen such a scam as TheBullRun brokerage. They claim to have four different regulations, 30 years of experience, and over 40,000 available trading assets. Yet, none of this is true. In our TheBullRun review, we’ve exposed this notorious scheme, so keep on reading.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||NY Wolves LLC|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||Yes|
TheBullRun Regulations and Security
As mentioned, TheBullRun stated to have 4 different regulations – the FCA, ASIC, FSCA, and CySEC. However, none of this is accurate. In fact, we’re dealing with an illegitimate scammer you should avoid at all costs. The alleged owner is NY Wolves LLC, based in Cyprus, while in the section About Us, the phone number is +1-800-123-4567. Sounds like a bad joke.
If you wondered if your funds were secure with this fraudster, the answer is a straightforward NO. The company doesn’t even have a trading platform, notifying us that the MT5 is coming soon. So, without a platform, where do you think your funds are? If your guess is “broker’s pocket,” you are entirely correct. Avoid TheBullRun and don’t fall for their scam.
Fund Withdrawal Issues
As mentioned, there is no platform, meaning your funds are stuck in the broker’s account. Therefore, there is a low chance you will ever see a penny back. Clients have no place to be reimbursed since TheBullRun is not actually regulated, and there is no real compensation fund. According to numerous TheBullRun reviews we’ve seen, you shouldn’t expect anything but money loss with this illicit operation. Moreover, the broker brags about giving tremendous bonuses, up to 50% on each deposit, binding you with a bonus agreement. According to it, you cannot make any withdrawals before you have an impossible rollover within 30 days. And with a $50 minimum deposit, it can take a year for such.
Based on everything, you can understand why traders have nothing nice to say regarding TheBullRun. Withdrawals are impossible, the platform doesn’t exist, and if you want to have your initial deposit back, the support department blocks your phone number and email, and you cannot even reach the company. Meanwhile, those who believe they can profit and start with higher amounts are persuaded to give more but will never see a penny back.
How Does Online Trading Scam Work?
Online trading scams are a favorite tool of unregulated frauds, such as TheBullRun. Despite all the pretending, we’ve unveiled this company is a scam and has nothing to offer. If you invest, your funds will be gone for good. The support team and the account manager at a later stage will promise you a lot, but you will get nothing besides stress and headaches. In the end, your account will be blocked and you will have no access to your funds. Beware and report the scam immediately.
Scammed by TheBullRun?
If you were scammed by TheBullRun or any similar bogus broker, let us know. Our experts will help you file a dispute and request a chargeback.
But what is a chargeback?
This is a way for your bank to return funds to your card in case you were scammed. Yet, you need to prove the scam and provide sufficient evidence. That’s why having experts on your side would be highly helpful. Contact our support via online chat and book a free consultation. Let’s get your money back before it’s too late.
What is TheBullRun?
TheBullRun is an online trading brokerage without any regulations or licenses.
Is TheBullRun a scam?
Despite false claims about regulations, TheBullRun is running a well-organized scheme.
Is TheBullRun regulated?
TheBullRun is not regulated and uses the names of the regulators on its website to defraud clients.