Read our Bitxtech review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a bitxtech.com review. This website claims to be a crypto exchange but is more similar to the online trading websites. So whatever reason they tell you to sign up for and give money to them, either buying bitcoins or trading bitcoins, do not fall for it. You will not see your money again.
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 Bitxtech 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.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
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 Bitxtech 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.
Bitxtech Review Conclusions
Making the Bitxtech 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 Bitxtech 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.
Bonjour, j’ai été pigeon de ce site récemment en 09/20. Je n’ai perdu ” que ma mise départ en Bitcoins ” 300 € ( aujourd’hui estimés à 600 €). C’est une bonne leçon. Le nom de l’interlocuteur est bidon et il vous envoie sur un site plus hard ( PARADISE CRYPTO) avec la aussi un interlocuteur aussi bidon qui essaye de vous faire placer plusieurs milliers d’€ sur des marchés à haut risque!
J’ai voulu me faire rembourser mes bitcoins 15 jours après mais ils étaient injoignables une fois les fonds versés. Leur base est en Estonie. Le N° de téléphone et l’adresse mail sont aux abonnés absents
SITE D’ARNAQUE A EVITER!!!
Hello, I was pigeon for this site recently in 09/20. I only lost “my starting Bitcoin stake” € 300 (now estimated at € 600). It’s a good lesson. The name of the interlocutor is bogus and he sends you to a harder site (PARADISE CRYPTO) with also a bogus interlocutor who tries to get you to place several thousand euros in high risk markets!
I wanted to have my bitcoins refunded after 15 days, but they were unreachable once the funds had been paid. Their base is in Estonia. The phone number and email address are for absent subscribers
SCAM SITE TO AVOID !!!
Hi,
I do not know about other bitcoin platforms but recently I invested in BitXTech.com using my credit card. To start with they were very friendly & told I m in good hand & they will explain to me how to trade as I am new to this. They set up a call on Monday but never rang. I got a welcome email once I’ve opened the account so I emailed back. Then I got a call next day & re-schedule the phone call. And again they didn’t ring. I thought something not right here. So I emailed again to the person who sent me welcome email & to the customer support email to close my account. But I never got a reply. I am trying to get my money back via credit card company but not sure I can. Luckily I invested only £200.
So people out there , DO NOT INVEST IN BITXTECH.COM.
Hi. I invested £200 and they took my money then advised me that as my passport was out of date and I had no other photo ID that I couldn’t set up an account and my money would automatically be refunded. That was two weeks ago and still no refund and they’re ignoring all my emails. The employee I spoke to was Anna Stoum. They then passed me on to another company called Goldenrodfx. Don’t go near either of these companies. Total scam!!! Avoid like Covid!!
Still no refund. Scam company. Don’t go near them. Anna Stoum was the employee.
Scam company. Invested £200 two weeks ago. Account couldn’t be set up due to invalid passport. Still took my money. Said I would be refunded automatically. Still haven’t received it. Anna Stoum was the employee. Please don’t even speak to this company. Scam scam scam.
Two days since I deposited 250€. I just now asked for withdrawal which they say can take up to 2 3 weeks. Ok can you people tell me when you order food and you pay wrong when do you get your cash.. Idk mostly the same part of the week. And how come the money go to them instantly but can only come back veeery slowly. The agent a was hooked for is Megan Lee. I found her on facebook with the name of Megan Francis . An estonian from St. Vincent and the Grenadines. Ok I feel i am not getting my money back but these guys should get a lot more on them. Why do people do this.. You eventually get caught.. Or even if you dont.. how come you sleep at night knowing you are scam?
BONJOUR MOI ME SUIT FAIT AVOIR POUR 6 MILLE DOLLARS JE SUIT QUEBECOIS IL MOM ENDORMIE LA JESSAIT DE RECUPERER MOM ARGENT SUR MA CARTE DE CREDIE CEST DES VOLEUR MOI CEST GOLDENBIT,COM CEST JOSEPH BENJALLON QUI SOCUPAIT DE MOM TRADING IL ME REPONDE PLUS EN TK JATEND POUR VOIR SE QUI VAS SE PASSER
Hi there everyone
Sadly I was scammed too from another broker named Tezos- global which I found out that when deposit the money to this broker the name of company receiver of my funds was bitxtech.com
I did invest 250£ with them and after made a big profit from the 250£( Balance reached 1700£) they started asking me to invest more money or they could borrow me money up to 10k .
Here where the story was very dodgy . So when I wanted to withdraw my money they blocked me and kicked me out of my trading account (no access ) as well I found out that they were using a shoe ship address from Oxford street .
Everything is fake so please just be careful I don’t want to this to happen to other people who work very Hard