Read our Btc Convert review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a btc-convert.com review. They also go by bitcoin-convert.com.
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 Btc Convert 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 Btc Convert 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. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Btc Convert Review Conclusions
Making the Btc Convert 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 Btc Convert 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.
they keep calling me and asking for credit card info. they said the company was found 22 years ago but in their website its saying 2016. they keep calling from different numbers. they said their address is 400 Rue Bouvier, qc g2k 0k9, Quebec city canada. there is no company named like that there. their call from different numbers starting with 418, 418-476-7038,31,29,40,6932,6908,,6911,7025,6911.
They truly are a scam. Our contact person was
Daniel Martinez
If this is his real name, he knows very little about the trading world, and scammed my wife out of $22,500 in about 3 weeks. Daniel gave all the answers that that my wife wanted to hear, and those answers make no sense on paper when you do a few simple spread sheet calculations. It is all fictitious.
– Daniel used the conversion from Canadian dollar as 1.27 when it should be 1.49 +/-, We had to correct him, and he is in the business? That should have been the first clue!
– Daniel badgered my wife ever morning for more money announcing huge returns and up coming opportunities in the crypto-currency market Daniel was reflecting good information on the Crypto
– Daniel could never tell what was actually being purchased? Bitcoin, a position in a group investment,???
– Daniel informed my wife, how safe her money was because they only risked 10% of her money in the crypto market, and the rest stayed in a cash position. Meanwhile our $22,500 Canadian had grown to $113000 (500% return)
Euro dollars.
– this was not adding up. I studied the account that was supposedly my wife’s account for a three week period and put transactions into a spreadsheet. Tracking the purchases , putting $22500 Canadian into the account in increments, starting with $250, and using Daniel’s 10% rule he leveraged $2,250 Canadian dollars into 2 million in Bitcoin. That is a 90000% return in 3 weeks. What the hell does this mean? It is all fake
– my wife informed Daniel that she required $18,000 for a family emergency and would like to make a withdrawal
– Daniel, true to form call my wife to announce that her account had been frozen, and that all she needed to do was send in an additional $13000 to pay for taxes and she would receive the $113000 in her account.
– What account? nothing was making sense, and Daniel could not tell us what we owned
– My wife informed Daniel that she did not authorize him to freeze the account but to only withdraw $18000
– my wife knew at this point she had been conned and the money was gone.
– I hope this information will help other potential victims from this con.
Yes this is a scam, I had the exact same experiance. As soon as I questioned Daniel about the tax I knew I had been scammed. $3300 USD down the drain.
What if you have the wallet addresses for all your transactions? Is there any way to transfer it to a reliable wallet . I sent around 700 can dollars to Btc convert and when I trued to make withdrawal he made it look like I had to buy crypto with more fiat then told me it would take 2 days to go through and be returned to my bank and that was 2 months ago and I haven’t heard once from him sence
I’m not sure why Facebook and YouTube promote scams like these but that’s the only reason I trusted the company .I can track the wallets through CoinTracker and it still says there’s crypto in all three wallets but I can’t figure out how to take back control and send them all to one custodial wallet of my choosing . He was getting pissed off when my 2 way Authenticator and bank where denying the payment at first then I had to send him a transfer and did get receipts for both transactions through a currency exchange called Bitnomics witch I was never even informed about or had the option to to select which wallet I wanted to put the crypto in, they made wallets ids for me and finally Bitnomics sent me a transaction email with the wallet address and the amounts deposited . But when I try to use the box convert website you can’t even check there privacy policy and terms of service . I want to know if I can somehow send these three wallet ids to a better trustworthy wallet that I already have other crypto in .I would really appreciate the advice and thanks for your time and review . It’s really sucks when people steal from the less fortunate I was really relying on that withdrawal and missed my credit card payment because of it and lost points off my score in the process . And got stuck paying 2 nsf fees on top of that
Working on getting 2800.00 Canadian dollars from these cons, I have over 200 emails that I sent them asking for my money back, no luck so far.
I almost fell for it! I dealt with Eva Nilsen. She said she was calling from Toronto so I asked why the number came up as Vancouver? She blamed it on calling via the computer not a phone?
She got a little ticked off when I asked for a written contract, she said “we’ve been on the phone for half an hour now and if you don’t trust the process after this time You never will”!
She also said there were no fees, then proceeded to say there was a 1% fee on all transactions “paid by the web-site not me”, the more I traded the more the company would get from the site for me using btc software to trade!
Luckily, I said I wanted to read more info about the company before moving forward. I went on their site, btc-convert.com, and found lots of info on Forex, cryptocurrencies and commodities. However, the tabs for mobile trader, desktop terminal download, account types, Why Us?, trading platform agreement, risk warning, KYC policy, privacy policy, and contact us all gave error code “404 not Found”!!!!!! Strange?
I believe, after reading your reviews, I’ve had a lucky escape🙏🏻🙏🏻🙏🏻
You did a good job on the research before hand Kathryn I wish I did the same. These a-holes must be stopped and put in prison.
I am still trying too at least get my money back. there are people that say they can get the money back but some of them are crooks also.
No more online trading for me.
Exactly the same scam here in Australia , I’ve lost 250 bucks , the whole things a huge scam , I was actually recommended by a friend on Facebook , they obviousely stole his identity , they have many tricks up their sleeve.
Has anyone been successful in obtaining their money back? I have been scammed by them as well and trying to recover $3,320 from them!
I feld for them as well and try to get my withdrawal done by the company. I’ve lost around $40,000 and i am curious if there’s somebody tried to get there money back with company’s who said they can recover your money back? (like payback ltd)
I received a call from Justin Walker saying I had $250 in an account with BTC Convert. The name Walker was familiar, so I tried to connect, but could not remember having invested $250.
However, I let Justin tell me all about trading BTC and the prospect of making huge returns, as BTC is bound to go up soon, but then $250, even being leveraged 1:10 would not make big returns. He then offered a risk-free contract, backed by Lloyds of London, with 3 options. Option 1 was to invest #3,683.00 and the company would add a $1000 bonus to trade with.
I told him to use the $250 to trade for this month and then would have some funds for next month. It was agreed to do that. I have heard all this story before and was scammed, so the first thing I now always do is check reviews before spending a dollar. This works well and I am saving myself a lot of grief. Thanks for exposing these gangsters!
All the transactions are encryted, tgey use Anydesk to access your computer and mobile phone. They promised to give 100% dividend every week because on his event. They used the name of Mia Kramer, Spencer Wallace, Johnny HAyes.
Completely scam of a company, I caught on before investing with them. They WILL NOT STOP phoning me at least 3-5 times a day from different spoofed phone numbers. I feel i can’t stop them from phoning, I likely have to change my phone number as a result of this.
Jake Donovan fra Bitcoin-convert ringte nettopp og sa at min konto hvor jeg investerte €250 for å trade på autopilot hadde blitt frosset på ca €4000. For å kunne fortsette, eller ta ut beløpet må jeg betale ca. €1000 som et gebyr til selskapet for deres arbeid med å lage autopilotprogrammet. Jeg ba dem om å returnere mine €250, men det er ikke mulig med mindre jeg betaler gebyret. Jeg hevdet at jeg ikke ble fortalt om denne prosedyren helt fra begynnelsen, og at jeg fant gebyret på 25 % for høyt til å være sant.Jake Donovan ble mer og mer irritert og snakket en masse uten å komme med saklig informasjon.
ACHTUNG , ACHTUNG ,das sind Betrüger und sie versuchen es immer wieder am Telefon, die Leute rum zu kriegen !
Ich habe bei diesen angeblichen Unternehmen 255,00€ in den Sand gesetzt und sie telefonieren in einer Tour ,dass wenn ich mich wieder frisch verifiziere ,alles zurück überwiesen wir ! Lasst euch nicht dazu überreden!
All of you are really lucky because I can’t log anymore because google cannot find the server and I send emails and the mails return with system delivery fails
Can anyone tell me about if there is a way to get ur money back . I have the addresses for the bitcoin I payed for cause they used a currency exchange called Bitnomics and they won’t help at all but when I track the btc coin addresses on CoinTracker they show assets there but i can’t figure out how to claim them or take over control cause i was never givin public keys
Jake Donovan is the biggest scam ever. My account went up to over 40000 usd. I wanted to withdraw 5 k but that was not possible. I had to withdraw the total 40000 usd and to do that i had to pay 7000 usd in taxes to them before i could withdraw my money. Obviously i did not do this and since then he does not react anymore.
Hopefully people read this page and do not fall for this scam.
If you place a reaction on this page please use the words scam, reviews, not trustworthy a lot in your reaction. This helps this page to the top of google and prevents these scams to harm more people.
i tricked johny hayes into getting my money out i wanted to test if it was a scam. i got twice my money back because i was going to put $15000 in if i could pull some out first he fell for it.but not again
Hallo, ich habe 250€ investiert, bei 274€ wollte ich die Auszahlung testen. Mit viel psychologischen Gerede hat man mich um 25.000€ direkt von meinem Bank account erleichtert. Jetzt ist die Webseite down und mein Geld für immer verloren. Das sind Betrüger und Scammer. Fällt nicht auf diese Betrüger rein und sucht euch was anderes.
Well add me to their statistcs. Got scammed for €1250. Now the site is down, the e-mail accounts are gone, and no tlf contact. 2 names poped up, [email protected] , Father from Cyprus, mother from England, East European accent. Nr 2 [email protected]. Same accent, no more details.
Yes I too fell for their hype. When I quizzed them, Johnny Hayes and Barry Cena, things just didn’t add up. Was told I could liquidate any time and money would be refunded. After only 3 weeks, after sending $1250, they wanted $2300 in fees to liquidate the account which they said was worth $9000. When I said I wasn’t going to send the money as I couldn’t believe they would send the balance they said not to waste their time. Could never contact them by phone and now they have closed the web site down on me. All had foreign accents but Johnny said he was American??? Supposed to be calling from office in London but even that was not true as they are not registered anywhere I can find in London.
Also said that BTC-convert was a different company who they were fighting in court over some unknown issues.
BEWARE—- they are fraudsters and will tell you anything to get your money.
I have been scammed out of $75,000 CAD by seemingly fake broker Jon Howells.
I have been trying to get my money out for nearly a month, and ….. crickets.
We have lost 200K with Jon Howells as well, fake name, he does not exist. Can’t believe we fell for this scam, it looked so legit. Lucky I have cash to spare but we are probably funding a terrorirst ring. They spoof all their phone numbers and make beg promises. Now their side broker wants me to spend 50K to get the 200K back. Don’t think so Charley, I guess the 200K is a write off as we sent a wire transfer. Fcking pricks, hope they get caught.
Daniel ( shaw ) as he called him self.. has stolen 250 us dollar from me too..
So stupid of me to fall for such a scam..
My name is Dave and in this case, my mom got scammed out of $18,000CAD and is still being contacted by representatives that claim to be with BTC-Convert. This young man who calls himself Ron Williams (email address: [email protected]) with a phone number from Nova Scotia called today to let her know that her investment funds had grown and asking her whether she would like to invest part of it or withdraw. My mother told him she would like to withdraw and then he guided her to open a ShakePay App account and to deposit $1,200 to cover a “5% withdraw fee” in order for him to deposit the $24,000 she has made as an investment in the ShakePay App. The rep also sent her a link to a BTC-Convert website which doesn’t look authentic to me.
I told my mom not to send the money and ask the rep for a document that substantiates the transaction which he’ll apparently send tomorrow. These people have 0 morals or shame and would steal from their own family given the chance.
I wanted to share this with you because many other people are being targeted by fraud and they need to be warned.