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Bullexo Review – Don’t Let the Scam Get Richer

Bullexo Review

Upon receiving numerous Bullexo complaints, we’ve decided to investigate this online trading business and gather as much information as possible. At first glance, the website looks quite solid; there are plenty of account types, and the company advertises trading on the MT5. All in all, one may think this is the right brokerage.

Read our detailed Bullexo review and you’ll see that not everything is as it seems.

We also want to invite you to read updated EGMarketsTrader Powers and EvoCapitals scam broker reviews. For those unaware, their investment offers are too good to be true!

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:Bullexo Inc.
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Available
Minimum Deposit:500 USDT
Deposit Bonus:N/A
Crypto Trading:Available – BTC, XRP, ETH
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex, commodities, cryptocurrencies
Maximum Leverage:1:600
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 Bullexo a Scam Broker Without Regulation?

Bullexo broker claims to be a brand owned by Bullexo Inc., a worldwide trading firm providing Forex and CFD investments in 170 countries. However, only in the Terms and Conditions did we find that the broker operates according to Saint Vincent’s and the Grenadines’ laws. As you may know, this offshore country has no authority body regulating Forex and CFD brokerages, so we wondered about Bullexo regulation.

After we’ve reviewed numerous Tier1 registers, including FCA, ASIC, BaFin, CONSOB, and more, we discovered that Bullexo Forex broker is nothing but an online financial swindler to avoid.

Bullexo is an offshore trading firm without a valid license. According to reviews, the company is not allowing withdrawals, and the trust index is low, indicating you should not deal with the brokerage.

Fake Award Claims

Bullexo Fake Award Claims

Broker Bullexo claims to have several awards, including:

  1. Best Crypto Platform – Namecoinnews
  2. A++ Customer Support –
  3. Most Innovative 2022 – Fxnewslive

When you look at these, you immediately think they’re false, as nothing sounds credible. And, of course, you’d be pretty right. This is just another way to lure innocent clients into the Bullexo trading scam.

What Trading Platforms Are Available?

Bullexo trading platform is quite a question. In the Account Types section, the company claims to offer MT5 for those who upgrade to an Education account (min. deposit of 5,000 USDT). However, all you can get is a proprietary WebTrader. 

Often, scheme firms use the name MetaTrader to advertise their phony services and pretend to be better than they are. Since MT4 and MT5 are preferred by 80% of retail traders, there’s quite a good chance that someone will choose Bullexo based on the false advert.

Instead, customers will access a plain TradingView chart with several indicators and no advanced features. You can forget about social trading or EAs with this software.

Bullexo iPhone and Android Trading App

Bullexo login is enabled through a dedicated mobile app for Android and iOS devices. However, the app is based on WebTrader and contains all the same features. Once again, you won’t gain any advanced functions that will make your trading experience enjoyable.

What Products Does Bullexo Offer?

The offer of trading instruments is surprisingly limited. Customers can trade in the following markets:

  • Commodities – gold, silver, natural gas
  • Cryptocurrencies – MATIC, ADA, SOL

Yet, stocks and indices are not a part of the broker’s offer, making this firm unappealing.

Trading Accounts Review – What’s the Difference?

Bullexo Trading Accounts

If you’re still interested in this bogus brokerage, you can choose one of the following Bullexo account types:

  • Standard – 500 USDT, leverage 1:100, standard spread
  • Education – 5,000 USDT1 leverage 1:200, 15% spread discount
  • Specialty – 25,000 USDT, leverage 1:300, gold spreads
  • Pro – 100,000 USDT, leverage 1:400, expert spreads
  • Titanium – 150,000 USDT, leverage 1:600, custom spreads

Besides the Bullexo minimum deposit, accounts differ in terms of leverage, spread, educational materials, and alleged access to MT5, which we have already elaborated on.

Moreover, beware of scammers such as EsperioInvestatlas and Trade Defi. If possible, please tell us about your scam experience.

Can I Trade With a Bullexo Demo Account?

The Bullexo Demo account is not enabled. If you wish to test the broker’s system, you must make an initial deposit of 500 USDT, double the industry standard. Besides the fact that the initial deposit is too high and there’s no risk-free account, the broker is offshore and unregulated. Thus, we believe you don’t need more reasons to avoid it.

Bullexo Withdrawal Fee Scam

According to Bullexo reviews, this firm is running a withdrawal fee scam. Once you want to get your money back, the broker will ask you to pay upfront for bank transfer fees and taxes. Yet, even if you go ahead and pay the money, you’ll not see a penny back. 

This is a typical online fraud – the company is extorting one last deposit before blocking your access to the trading account and vanishing. You should be aware that such demands are illegal. The brokerage can only charge trading commissions, which are deducted directly from the profits. If you’re prompted for any other transfer, whether from your bank account, credit card, or crypto wallet, you’re about to be scammed.

I Was a Victim of Bullexo Scam, Can I Get a Refund?

If you or someone close to you was a victim of a Bullexo scam, you should contact us immediately. Offshore firms tend to disappear after stealing enough money, and you’re risking losing track of your funds for good. 

Contact us to book a free consultation and we will start the chargeback process before it happens. Fight for what’s rightfully yours. Start now.

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

FAQ Section:

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

Bullexo is an online trading firm based offshore. Since the company is unlicensed, you may experience withdrawal issues. In this case, contact us for help with a refund.

Does Bullexo Offer a Demo Account?

Bullexo doesn’t offer a Demo account, only five Live types, with a minimum deposit of 500 USDT.

What Is a Bullexo Minimum Deposit?

Bullexo requires a minimum initial deposit of 500 USDT, double the industry standard.

Are My Funds Safe With Bullexo?

Since the firm is unregulated and insists on crypto deposits, your funds are not safe.