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Bitrifax Broker Review – Does Scam Traders?

Bitrifax Broker Review

If you already came across the Bitrifax broker, then we are sorry. But do not despair. There is still something you can do. Stick to this article until the very end and learn how to restore your funds.

In this detailed Bitrifax review, we’re giving you some insights about this scamming company.

Before wanting to continue, we advise you to read our reviews of brokers GFE Markets, ExIndex and UnicoFX. Do not make a deposit with these brokers, it is quite risky!

Broker Status:Offshore Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:N/A
Headquarters Country:N/A
Foundation Year:N/A
Trading Platforms:WebTrader
Mobile Trading:Available via Web Browser
Minimum Deposit:No minimum
Deposit Bonus:Available
Crypto Trading:Available – BTC / ETH / XRP
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Cryptocurrencies (Cryptos)
Maximum Leverage:N/A
Islamic Account:Not Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Bitrifax a Crypto Trading Scam?

The broker Bitrifax was an anonymous crypto scheme that vanished. First of all, this broker was not licensed. Unregulated companies can’t be monitored, and they are most likely to disappear with your hard-earned money, precisely what happened here.

Dealing with shady firms is never recommended. Legitimate brokers have no problems publishing their information, such as registration numbers, headquarters, etc. We’re missing all this with Bitrifax, which is why it was so easy for the firm to disappear with clients’ funds.

Bitrifax is an unlicensed broker. The company vanished once traders figured that they were dealing with a fraudulent online scheme. The consumer index is 1, confirming our statements.

Bitrifax Support – Polite Scammers

Numerous scam brokers use their customer support as the main tool. Support is the first line you’re in contact with and the only one that can persuade you to invest with a scheme firm. That’s why you should always look for clues if approached by any unlicensed broker.

You will feel pressured to invest right away, and the broker’s account managers will always have new plans, allegedly for your future. In fact, these plans will be made to extort more funds from you.

Once you want to submit a withdrawal request, account managers will block your trading account and your contact with the firm.

Bitrifax WebTrader Platform

Bitrifax Trading Platform Interface

The company uses a web-based trading platform that cannot be compared to the industry’s gold standard, and that is MT5. 

Bitrifax trading platform is not secure. Scam brokers are known for platform manipulation, and it seems that Bitrifax is one of them. They can set up their tools so it looks like the client is winning, and that will be a great moment for a client to invest more money.

When depositing stops, the tools will be set up, so it looks like the investments are lost. In reality – money is gone, and the whole trading experience was staged.

What About a Mobile Trading App?

Bitrifax login was not enabled through mobile apps. Instead, customers had to use a web browser.

What Trading Assets Does Bitrifax Offer?

Bitrifax offers only one trading asset – cryptocurrencies (digital currencies). Customers were prompted to trade in digital coins and make a profit. However, trading conditions, including leverage, were unregulated, meaning that making profits was hard. 

Instead of dealing with scammers, find a legitimate crypto trading platform. 

On top of that, beware of scammers such as Place a Trade, SinaraCorp and FX EliteTrader. Avoid negative experiences in trading!

Can I Trade With a Bitrifax Broker For Free?

Long story short, no. Bitrifax Demo account was not enabled, meaning that you couldn’t trade for free. You had to deposit your own funds. Since the Bitrifax minimum deposit was not specified, it was a gamble to join this trading firm.

How Do I Withdraw Money From Bitrifax?

Bitrifax withdrawal was possible through the only accepted payment method – cryptocurrencies. Since this is also the riskiest payment method with no chargebacks or recalls, you ought to be quite careful.

Bitrifax is gone for now, but scheme firms tend to reappear under the new domain. If you notice anything similar to this firm, it’s your cue to run.

What Can Bitrifax Scam Victims Do? – Start the Chargeback Process

If you or someone close to you falls for the Bitrifax scam, let us know. Our chargeback specialists will be more than happy to assist and help you get a refund.

Contact us via online chat and let us evaluate your situation during a free consultation, and let’s start. Global Fraud Protection knows how to exploit scammers’ weaknesses and recover your funds quickly. 

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

What Is Bitrifax, and Should I Invest Money In It?

Bitrifax is a so-called brokerage company that is unlicensed and unregulated and you shouldn’t invest your money in it.

Does Bitrifax Offer a Demo Account?

The company is not giving enough information about account types and the same thing goes for demo accounts.

What Is the Bitrifax Minimum Deposit?

As already mentioned the website is not very resourceful and there is no information on deposit amounts.

Can I Trade Cryptos and CFDs With a Bitrifax Broker?

Yes, Bitrifax broker you can trade both cryptos and CFDs.