Read our Bridgetrader review to see if we recommend this broker for trading. Just to clear doubts, this is a bridgetrader.net 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 Bridgetrader 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 Bridgetrader 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.
Bridgetrader Review Conclusions
Making the Bridgetrader 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 Bridgetrader 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.
Thanks for your input into my plight of getting my money back from Bridge Trader.inc
I been scammed as well list 250 and after I ask back due to something suspicious they’re agent start offending me by email and say I will lost all your money you will get nothing back to claim🙀
I have been bullied by one Dr Scott Edward,
Chief Financial Adviser , Bridge Trader and even threatened to lose all my deposit for failing to deposit more funds into my trading account. I had planned to add $1000 to my account but changed my mind.
I suspected Bridge Trader is another scam like Patten Trader and stoxdc who are all holding my money now.
It is a major scam. Please be warned! The company became suspicious for me when they simply changed their domain from bridgetrader.net to bridgetrader.co without any notification (around in April 20, 2022). This was the point when I decided to ask for the withdrawal of all of my money from my Bridgetrader account. This was at the end of April 2022, then the tricking had started by their “Financial Advisor” called Felix Tollman. (When I checked his name on the net, it turned out from a comment, that earlier he worked for a firm poorly rated “Eurotrade”. I just suppose that this was the predecessor of Bridgetrader. He has phoned me until today a hundred times and kept asking to connect to Anydesk and wanted to look at the balance of my bank account. I realized much later, that first he wanted to know how much money I have on it, then he decided about the amount to transfer for different reasons (broker commission, penalty, for releasing my money held back by ECB (!) etc. for untraceable locations. Ridiculously he wanted to explain to me that my approval is needed for receiving money (via my bank account) from someone. I believed him because I desperately needed my money, but finally, he (his firm) stole the rest of my money in parts. They use mainly Binance, Bitpanda, Coinbase, and Moonpay to fulfill the transactions. Today he also tried to trick me, but I resisted, then he started yelling at me saying that I will never get my money back. He is always telling me that he does everything for me and understands me, I just only follow his instructions…… mentioned above. I always told him that he does not know what he was doing, or if he knew, he is a cheater, because everything should have happened in the opposite way. Today he shouted at me because I was questioning his orders. He tried to explain to me several times that ‘I am paid’ and ‘I am going to pay’ are equal. I told him several times that I want me paid by a bank transfer without my contribution, but he told me that this is never going to happen.
It is very hard to process that basically I was robbed (along with my contribution) and I am a victim of fraud. He has always contacted me by phone and Whatsapp. I saved every written conversation. When I asked for more information he always said something weird on the phone, but he never wrote it down. When I asked to speak with their CEO, it pretty much seemed to me that he speaks English very badly, I could hardly understood him. A CEO usually speaks much better…
Today I tried to check the website “bridgetrader.co”, but it is not operating anymore!
The nicest thing, when I did some research and in order to get at least something back, I contacted a company called “scamadviser” /https://www.scamadviser.com/. It seemed okay to me; however, very soon a financial agent called Dr. Scott Edward, +44 2070972398 (who told me that the previously mentioned website is his website) contacted me that he could get my funds back.
The next day my account manager at Bridgetrader.co named “Felix Tollmann” (+44 7418 355 880) called me very nervously that someone called him from the government and therefore they had to transfer my fund to the HMRC Revenue and Customs.
On the same day, this Dr. Scott Edward Chief Advisor (in the name of the government) called me and sent a fake letter to me in the name of HMRC Revenue and Customs (I think that no one can represent the government and run a company at the same time….) The whole letter is not okay, my rights are not mentioned at all. There is no concrete information on bank details, company details, etc.
He told me that first I had to pay the income tax (10% – via crypto transfer ?!) (while bridgetrader had to pay another 10%) after a much bigger amount than they really owed me. So they tried even to pull me another 3000 EUR for nothing… This was the point when I finished with them definitely, but I saved all the messages, bank statements, letters.
I reported my case to the HMRC Revenue and Customs three times (I wanted to let them know that some people are illegally trying to act on their behalf) but they really have done nothing. Do not get involved in any crypto-trade business which seems even lightly suspicious; because you will never get anything back.