Read our Bit Holdings review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a bit-holdings.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Bit Holdings is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Bit Holdings in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Bit Holdings Review Conclusions
Making the Bit Holdings review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Bit Holdings review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I stupidly invested £1000.00 with Bit-Holdings which they say has in only one week turned into 12000,00!
Sounds greats until I submit a withdrawal request my £1000,00 deposit and guess what, no reply!
Four days later and after further emails I receive a phone call to say that due to new money laundering laws I have to withdraw the full amount and in order to do this must pay £1868.00 in fees to receive my money!
I have now read your review and realise I’ve been scammed so intend to take your advise and contact my bank to ask them to perform a chargeback.
The same happened to me. Today I have seen that from 3000 I invested in Bit-Holdings, I have now 0,22 pounds on my account!!! That was my savings.
Don´t know if I am in time to try a chargeback as the money does not show on my balance anymore. Is does say initial balance invested 3000 pounds and now 0.22. They even wanted me to take a loan from the bank to invest more money!!!
Bit-Holdings is a SCAM
They tell you your making profit then when you want to withdraw your money they ignore you. Stop replying to emails and move on to the next victim. I have proof on email and call recordings they have stolen my money!!! DO NOT INVEST IN THIS SCAM!!
They have over £7337.00 of my money in there account and they won’t pay it to me.
Their office in London is not real they work from Switzerland and from there house.
I had Matthew and James. They pressured me to buy a bitcoin which I did and now they have my bitcoin which is now worth double what i paid for it.
SCAM, SCAM, SCAM.,!!!!!!!
Similar case. £1500 invested and £2727 in account balance. When I decided that I wished to remove my capital and trade with my profits, I was dumped.
AND cannot get my money back!! The phone rings with nice music.
I will go towards a chargeback from my bank in the first instance
ITS unimaginable
Joe Onwude
They started with $250 within 5 days it GBP 800 then GBP2500. Then they asked me to be a silver cudtomer to earn double income, GBP 1000 was added the next week it at GBP9000 the GBP 13600. then I want to withdrae half of it thesay I need to pay 1500 to get my money. I then started checking if it was a scam forex.
Loo it was a scam. i talked to them because the number there was false as they have to call before you can talk I wrote and wrote no answer. Now the account is closed.
They speak Russian an this is a SCAM.
Bit-Holding is a scam avoid Ton Koshy They will not let you not withdraw your money with suggestions that for Coinbase to release the money you need to pay Capital Gains as they are regulated FCA because of money laundering (which is a scam). Later on you will not hear from them, your account will be closed, their email address returns with “undelivered” Tom Koshy will make you part away with a huge some of money on basis that you will make more profit. The profit that was made was huge when I enquired if it the profits were for really he told me that Bit coin was doing well. He made me believe he was a genuine person to do business with and I thought he was God sent to make money on my behalf not aware that it was scam. When these people phone you before you enter into a business deal first just google the reviews for the company.
Bit Holdings: Cant reach them by email.
Email returned with following message
“Delivery has failed to these recipients or groups:
Bit Holdings Compliance Team ([email protected])”
Thank you guys. i almost fell for them.
Thanks guys, I almost fell to it. I am lucky to check it, so one girl has been chatting me 3 days and she has good profit on short trading and she advises me use her refill link too. And also told me false stories, I believed it a lot. It is from discord, so be careful of it scam. Do not trust any direct messages on discord
@nfs a girl randomly reached out to me on Telegram and we have been chatting for a few days as well. This girl also recommended me to day trade on QTCoin. What is the name of this girl?