Bitclubfx.com Review – Another Crypto Scam

Bitclubfx.com is an alleged proprietary trading firm which is actively trading and mining major cryptocurrencies. Their platform contains a lot of exaggerated claims and due to their age they certainly don’t have any credibility. The documents featured by them are all manipulative and no regulatory authority has approved their operations. In short, we are more than sure that this firm is designed to loot the public and leave them penniless if they get access to your credit cards.

People responsible for running this platform and their marketers are completely anonymous. So, technically we can’t point any fingers on a specific individual. However, we strongly encourage you to go through this review to see the number of flaws present on this so called investment firm.

Company, Legal Status and Support

Any trading activity around the world of cryptocurrency has a ton of risk and you need to be very careful while dealing with them. Over the last couple of years, cryptos are the source of many online investing scams and much of that is due to the lack of knowledge exhibited by the public in this niche. This platform showcases an incorporation certificate on their website which many newbies might find reassuring.

However, know that we did a background check and they are not regulated by the FCA. In conclusion, they do not have any legal status and their activities are considered outright illegal. As they have not mentioned the names of their team and fund managers, we weren’t able to find any relevant information.

Lastly, know that the staff of this firm do interact with the public through email and live chat, we have listed all their contact information below. Note that, they will encourage you to deposit with them and may even use unethical means, but once you have sent the money, you will never hear back from them.

Address – 54 Rose Avenue, Nether Poppleton, York, YO26 6RU, United Kingdom

Phone – +44 203 389 7363

How does Bitclubfx.com Exactly Work?

Just like all the other scams out there, this one has a fancy alibi about their activities. They claim to make most of their income through mining and trading the Bitcoin and other altcoin markets. Their website is full of general information about blockchain and their benefits, but none of that will earn them any credibility or value. Since the key parameters of trading and their approach towards the market are not put up.

How can we even think about investing with them? Moreover, risk management is the main aspect in trading and without any information on it, we are sure that they will crumble to pieces within a very short period of time. Moving on to the mining part, the location of their farms and the report on the cost involved are not found on their website.

On top of that, we don’t know whether this firm has hedged itself in order to maintain stability of the payments. So, the traits of this firm clearly shows that they are not reliable and you should never give them a chance to take your money.

Account Types and Profits Promised

There are 3 types of investment accounts and on the higher end of their spectrum, they claim to generate 6% daily returns. If you calculate the returns based upon the compounding effects, then you will quickly realise that this number is unsustainable and the only reason they have featured that is to get the attention of the potential investors.

Nowadays, online investing has made life simpler for traders and investors, but do not be under the impression that you can make money just by clicking a few buttons. Trading requires a lot of effort and if anyone claims to show you the short cut, then do yourself a favor by declining the offer.

Affiliate Program

All the online businesses need traffic to make revenue and the easiest way of gaining that is through leveraging the affiliate model. Basically, they provide a way for people to monetize their traffic by partnering with them, but as they know they are an illegal firm, they only collaborate with shady marketers who don’t care about the law.

This inversion narrative  is the reason behind all the positive reviews out there and it is a nice reminder for all of us to not believe information online blindly. Learn to recognise the pitfalls designed by these crooks early on as investors or else it might have dangerous consequences later.

Domain Details

Thanks to alexa.com and whois.com, we now have little general information about both the domain and their website.

Domain – Bitclubfx.com

Registered On – 18/03/2019

Expiry – 18/03/2020

Alexa Global Rank – Not Listed

Audience – Currently Unknown

Bitclubfx.com Review Conclusion

Bitclubfx.com is a creative scam which targets people interested in cryptocurrencies and transfer money from their client’s pocket to their bank account. Everything about them is shady and for the most part illegal. While it’s true that they might slip away from the hands of the law, they will surely take investor’s money along with them. Given so many regulated brokers and firms available, do not choose to go with this one or else you will regret it in the near future.

Have you sent funds to Bitclubfx.com? Feel free to share your findings with us in the comment’s section below.