Read our Bitrader Code review to see if we recommend this broker for trading. Just to clear doubts, this is a bitradercode.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 Bitrader Code 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 Bitrader Code 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.
Bitrader Code Review Conclusions
Making the Bitrader Code 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 Bitrader Code 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.
The Broker telephoned me late last night and it was arranged he would phone me today, which he did. Contrary to all the blurb I read that suggested when other persons had opened accounts that within days their original investment of US$250.00 had grown to amounts in excess of US$1000.00, this Broker was suggesting that I would need to deposit many thousands of dollars before he would be interested in handling the account. I decided to close the account and he was to transfer me to the BitraderCode support team to do this. The phone line then went dead. I have sent an email to the original Account Manager Bella Torres to arrange to close the account.
(1/5)
I have recently deposited money with Bitradercode. A guy who signed me up said he assigned me a case manager. But I wasn’t given any logging details. Then the would be case manager called me and ‘assured” me not to worry saying he will take care of it. I told him I would like to access my account and then he disappeared. I sent several emails to a who signed me up whose name is Chris Anderson asking him to give me my logging details. No answer. Is this an indication that they are trying to get away with my money. It looks like I fell for scam. But I will never relent until I get my money back. Please stay away from bitradercode
This is a scam I had an account manager named Audrey Anderson funny they all have the same surname and they were quick to ring to get me signed up but have not answered an email since and the broker got the suits when I said I wouldn’t deposit more money can’t verify any documents to make a withdrawal do not sign up for this
Bitradercode is fake/ scam. They take your money and try to get more but they don’t allow you to withdraw. I have lost my money and all emails bounce back. MegaMarket is part of it. Don’t waste money
Unfortunatelly I did not know about your web site before.
BITRADERCODE = SCAM !!!
Recently (december 14th) I have got exactly the same bad experience as people above.
I paid 250$ and the day after an other guy wanted me to give more. 250 $ is nothing, he said. The more I invest, the more i will get . I then asked if I coud get my money back. NO ANSWER !!!
I sent them e-mails but never got an answer.
I live in Belgium.
CAN YOU DO SOMETHING FOR US ??
Hi, If you paid your money through your credit card or bank account contact your bank right away. Send them screenshots from your mobile phone of all the relevant details such as emails sent and received concerning your account with these scammers, especially the ones where you have requested to withdraw funds or close the account and the scammer’s replies to your requests.
(1/5)
Scam! they spam you with calls on the phone with robo calls multiple numbers within seconds
(1/5)
Yep this is a SCAM, got done as well, keep clear and do your home work before not after.
(1/5)
How to scam the scammers. Lol
Withdrew my initial deposit plus some profits. Told them I would deposit 10 times that amount the same day if they let me. Lol. Money in my account. 🙂 little do they know they are not getting deposit off me ever again.
There are not enough NEGATIVE stars to rate this Broker. Total SCAM!! No follow-up. They rang 3 times and told me they couldn’t hear me. I asked for my money back. NO REPLY.
Julie Hart is the contact.
I was just about to give my bank details to deposit €249.00 but something at the back of my mind was saying. Do some checking before handing over hard earned cash. I told the agent I wanted to do a background check first. That was when the agent ( Joe Lewis ) started to get angry with me. And that was the moment I new it was a scam. I hung up. He tried calling back 6 times with 6 different phone numbers. Found your web site and feel sorry for the people who were not as lucky as me and got scammed
Ethical States Ltd +Bitradercode + Mega Markets +Anypaymentz = BIG TIME SCAMMERS
DON’T BE FOOLED!!!!!!!!!!!!!!!
I don’t rate Bitradercode/Pro.
Jack Davis from Bitraderpro called me and after i indicated i wasn’t interested ive been harassed day and night.
Don’t respond to these stand-over thugs i now need to get the my service provider and Telecommunications Ombudsman involved to get rid of them.
DONT FALL INTO THIS TRAP
(1/5)
Eww! Definitely scam!
The guy was very well spoken at first but after I refused to deposit and said I needed some time to think he started to harass me with million different questions like “What do you have to loose!” And he won’t shut up about it. I ended it nicely by saying thank you and the guy was still blabbing on phone 🤯 DO NOT GIVE THEM YOUR HARD EARNED MONEY!
(1/5)
I clicked a link for QuantimAI from a news article (probably fake 🤔) about how great it was. The site looked like the QuantimAI website but when I signed up I was now on bitrader-code. Then I get a phone call. I actually gave the lady my debit card number but then she wanted the otp security number my bank sent via sms which sez if someone is asking you for this hang up and ring the bank. I didn’t understand because she said it would be an email from her. I didn’t even know they were going to take $270 Aus out. She was ruthless once I didn’t hand it over making it very sus. I was like I don’t have that amount in the account. She didn’t care and wanted to do it anyways saying it would be fine but no it would make my account negative for a day before it would fail.
I hung up and Amber rang back via her mobile to continue to be pushy. It just made her seem worse because I just said I would do it Friday when I had money (and after checking around). She said I was missing out on trades and how there’s limited spots. Like that just sounds dumb. Why can’t we wait until Friday, the world won’t end will it?
She said that they would allow me to deposit less (at least $100) so I could get setup with the trader they would provide me. I wouldn’t have suspected a scam as much if they had left me alone for a few days instead of pushing with really stupid logic. She questioned why I had no money and to get some from my other accounts, etc. So dumb. Just red flags. She didn’t want me to live in poverty by giving her my money for food n living for the rest of the week. This made perfect sense.
Angry that I hesitated and asked questions but still gave my credit card number over the phone. No way she was getting the otp number from the bank though so I hope I’m safe. Like should I be worried? It seems they can’t just take money without it being theft and without my authorisation (via otp number).
(1/5)