Read our Bitplus Capital review to see if we recommend this broker for trading. Just to clear doubts, this is a bitpluscapital.com review.
Is Bitplus Capital Legit?
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 infamous for scamming schemes.
So, Bitplus Capital is just another unregulated forex broker, which means the customers aren’t 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 the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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 hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Bitplus Capital reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
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 doesn’t 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 Bitplus Capital?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Bitplus Capital reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Bitplus Capital, 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, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Bitplus Capital Review Conclusions
Making the Bitplus Capital review was our pleasure, and we hope to save as many people 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 Bitplus Capital 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.
Scam. Try to remove some of your money. Impossible without paying them a fortune for the privilege. Anyone brave or stupid enough to pay it?
(1/5)
They paid me back with counterfeit USDT tokens and when I spoke to them about they said it was a smart contract and that I need to pay £20000 into an atomic wallet and then the smart contract will release the money. Scam, and fraudulent. You will loose any money that invest with Bitplus.
(1/5)
Fraudsters, liers and manipulative it’s how I can describe these people. After creating the account with Bitpluscapital I got my own financial advisor. He’s name was David Marriot obviously a fake name with foreign accent . Very charming, smooth talker asking me to open different foreign accounts in Malta and Poland. After refusing to provide my identity he was pushing me to deposit money on different platforms like Rubico, Etoro, coinbase. Meanwhile like showing me bigger proffit on my bitpluscapital.com account. Staying in touch with weekly phone call. He even put £2000 in my portfolio as a goodwill. This lasted for nearly 4 months. It was looking to good to be true. When I started to get daily phone calls from different fraudsters I had enough and asked to close the account. He refunded my initial fee for fear of charge back . He generated over £5000 and when I asked for that to be removed he deducted 80% of the amount. Story short he passed my account to another of his colleague named Christopher Walsh another fake person who straight away was asking for Anydesk. After arguing on the phone calling them scammers to give me back my proffits that reached £88.000 never heard from anyone anymore. This screams ring scammers in bigger proportion. Lessons learned for me.
(1/5)
I thought this was too good to be true and it seems it was. I’ve waited all day to withdraw funds after learning I have to pay nearly £10k to pay them their fees. I’ve paid £15k already which was all I had…the email I’ve sent chasing for a response has bounced back and my calls are unanswered. Dylan Stone was my account manager and was trying to persuade me to invest £25k when I’ve not actually received my return. I was waiting to receive £96k but I’d rather cut my losses now than give them another £10k. I do wonder what will happen to the money?
(1/5)