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BitcoinRobotFX Broker Review – Is A Brazen Forex Scam?

About BitcoinRobotFX Scam

Not so long ago, when Bitcoin and other cryptocurrencies first showed up, the market was booming with new brokers claiming to offer automated crypto trading. Of course, all of them had “the best software,” “inside information,” and more. One of those was the BitcoinRobotFX broker, as you can guess from the name.

So, read our BitcoinRobotFX review and see how such a scam gloriously failed, leaving many without their funds.

In addition to this, we want to invite you to read our recently updated AG Markets, Primefin and TradedWell scam broker reviews. Without a doubt, your funds are in danger with them!

Broker Status:Unregulated Scam Broker
Regulated by:Unlicensed Company (No Regulation)
Scammers (inactive)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:BitcoinRobotFX LTD
Headquarters Country:UK
Foundation Year:N/A
Online Trading Platforms:WebTrader
Mobile Trading:Only via web browser
Minimum Deposit:$250
Deposit Bonus:No
Crypto Asset Trading:Available
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Currency Pairs (FX), Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:1:1000
Islamic Account:Not Available
Free Demo Account:No, only live accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

Is BitcoinRobotFX a Scam or Legit? – The Importance Of Regulation

Firstly, presenting itself as a brand owned by Bitcoinrobotfx LTD from the UK, this company implies being FCA-regulated and legit. However, we don’t trust implications, which was the reason to search for the truth.

According to our review, there’s no such firm in the UK’s House of Companies; neither FCA has any information about Bitcoin Robot FX regulation.

Meanwhile, if you want to start trading, look for a Tier 1 licensed brokerage, as they have an obligation to form compensation funds worth over 700,000 EUR for reimbursement.

What’s Wrong With The License?

As mentioned, FCA, but also other Tier1 registers such as ASIC and BaFin, never recognized BitcoinRobotFX forex brokerage as legit. It means you have been involved with an illicit entity that has been shut down, and you need an alternative money-back solution.

BitcoinRobotFX Reviews – Genuine Broker or Forex and CFD Scam?

Since the broker’s website is shut down, BitcoinRobotFX login is nearly impossible. No one involved cannot access their funds. From this fact, you can understand what kind of a scam the company was.

Also, according to Bitcoin Robot FX reviews, clients are having difficulty getting their money back as they cannot access it nor contact anyone from the company.

Meanwhile, if something similar has happened to you, let us know.

Before moving on with a deeper explanation, we just want to say that FINSA Investment Limited, Fair Forex and Solid Capital are fraudulent brokerage companies.

BitcoinRobotFX Trading Assets

Supported Trading Platforms – Available Trading Software

With the offline website, we can only check reviews for information about the BitcoinRobotFX trading platform. As per those, the broker offered Status Web trader. Once the company doesn’t develop its own trading software, it can buy a license for using one.

In this case, BitcoinRobotFX chose Status WebTrader. Yet, it’s not any better or more secure than something similar. Another proof that your funds were not safe is the leverage this trading firm provides, going up to 1:1000.

In reality, there’s a good reason FCA and other EU regulators limited it to 1:30 for the Forex market and only 1:2 for cryptocurrencies. Yet, the most questionable was BitcoinRobotFX’s minimum deposit since we had different claims – $250, $1,000. 

Besides, if the broker has no MT4 or MT5, meaning a reputable platform, you should avoid it.

Assets You Can Trade With BitcoinRobotFX Broker

Additionally, the broker offered access to 5 most significant markets, including:

  • Forex market
  • Indices
  • Shares
  • Cryptocurrencies
  • Commodities

By name, you can conclude they were focused on cryptos and selling a so-called trading robot that can predict the market. Usually, companies like BitcoinRobotFX claim to have an algorithm with over 90% accuracy in guessing the market outcome, and it can significantly increase your chances of making profits.

Such programs exist, but low chances that scam operations such as Bitcoin Robot FX will genuinely offer them.

BitcoinRobotFX Withdrawal Issues – No Money Withdrawal Guarantees

Since it’s unregulated, Bitcoin Robot FX is not a reliable Forex and CFD trading provider. Ever since the website went off, they haven’t even tried to contact clients and return what they owe. It shows you what kind of a scheme the entire operation was.

Instead of paying out everything, they left clients to look for alternative solutions and fight to file BitcoinRobotFX complaints all over the place looking for assistance.

Scammed By BitcoinRobotFX Broker? – Talk To Our Recovery Experts

Finally, if you fall victim to the BitcoinRobotFX scam, let us know. Our chargeback specialists will be happy to assist you with this matter and help you file a dispute. Over the last year, Global Fraud Protection witnessed many cases of online scams and gained knowledge. Instead of letting scammers get away with your hard-earned money, show them what you’ve got!

Contact us via online chat to book your free consultation, and let’s start!

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is BitcoinRobotFX, And Should I Invest Money In It?

In reality, it is an unlicensed Forex and CFD online trading provider. So be careful about easy earnings with this scam project!

What Is The BitcoinRobotFX Minimum Deposit?

BitcoinRobotFX required $250 to start trading.

Which Trading Platforms Are Supported By BitcoinRobotFX Broker?

Broker supported only a Status Web trader without a corresponding app.