We recently came across reviews of Bitech Max. The authors of these similar articles unanimously claim that the broker provides an incredible and unattainable level of trading in various CFDs. At the same time, the company’s website talks about trading Common Derivative Contracts (CDCs). Something is wrong here, right? Let’s figure it out and perform another scam check.
- Bitech Max General Information
- Registration and Client Portal Review
- Bitech Max Trading Conditions
- Account Types Review
- Trading Platform
- Bitech Max — Deposit and Withdrawal of Funds
- Is Bitech Max a Scam?
- Legal Information and License
- Bitech-max.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Bitech Max General Information
|Phone Number||+447488873447, +16479464573|
|Address||31-31A Queen’s Road Central, Central, Hong Kong, 79, Anson Road, Singapore 079906|
Registration and Client Portal Review
We begin our acquaintance with Bitech Max from its rather primitive home page. There is a small menu and buttons for registration. The broker kindly warns about the high risks of trading and you will not be able to remove this banner. However, it doesn’t get in the way. Moreover, further Bitech Max in large print promises maximum profit, benefit, and success. What are we supposed to believe?
Anyway, let’s see what the most powerful platform is and sign up to do it. You will need to fill out a simple form. Enter your personal and contact information, create a password, complete the captcha, and agree to the Terms and Conditions.
Bitech Max does not verify your contacts. You will immediately be taken to your client portal and will be able to study its functions. In truth, their set is not very extensive. Just take a look at this.
Bitech Max provides that you can change your data and password, upload documents, and view the list of trade or money transactions. The broker also has a feedback form and a strange tab for withdrawal requests. It says that the funds will be returned to your bank card, but only a bitcoin wallet is on the list of withdrawal methods.
It’s even weirder or more ridiculous that Bitech Max seems to have forgotten to make a tab/button for depositing. We didn’t find it anywhere, so we don’t know how to top up our account.
However, you can also download the Bitech Max platform to your computer, which we do not recommend doing. It is unknown, and the browser immediately installs an unsigned distribution kit. In addition, you can open WebTrader, but it does not have a demo account.
Bitech Max Trading Conditions
Despite the mention of derivatives, the broker still offers regular CFDs. However, as well as millions of similar websites. As in all those cases, the trading conditions here raise a lot of questions.
Account Types Review
As a rule, brokers offer several accounts such as cent, micro, swap-free, and something similar. It seems that Bitech Max is not far from them and also offers a micro account. How much money do you think it takes to open it? $5, 10, max 100? You will never guess!
As you can see, it will take £5,000 to open the least profitable account. All you get for this rather substantial amount (especially substantial if you don’t live in Western Europe) is support.
Yes really! If you want to get access to training, a personal manager, trading reports and other optional features, you will have to multiply the deposit amount. Up to 250 thousand pounds in the end. This is a lot and the broker clearly does not deserve such money.
Actually, we would like to know about such important trading characteristics as spreads, leverage, margin, swaps and so on. Alas, Bitech Max does not consider it necessary to waste time and imagination on describing them. The thing is that there is no asset trading at all, and we will prove this further.
What about the CDCs, you ask? We think the broker just mentioned them for the sake of emphasizing its status. A search through the text shows that the regulation was stolen from another site. Bitech Max itself mentions the usual types of CFDs such as stocks, indices, or cryptocurrencies, while derivatives are usually futures and forwards.
The trading software is available only after registration. However, as we have already found out, this is a matter of one minute. We did not check the performance of the downloadable PC version, but we looked at Bitech Max’s WebTrader. In our other reviews, we have already mentioned that this software was developed by a little-known company and is widely used by scammers.
A demo account is missing here, so we can just take a look at the terminal’s functions. Bitech Max really gives the appearance of trading CFDs. Liquidity providers are unknown, so it remains to look at the charts of the most common assets. There are different oscillators and timeframes.
If you fund your account, you will be able to create market and pending orders. However, the paradox is that the deposit button here is also broken. The creators of Bitech Max were clearly in a hurry to launch it on the market without thoroughly testing it.
Bitech Max — Deposit and Withdrawal of Funds
While researching the compiled regulations, we were hardly able to understand that Bitech Max accepts bank cards and wire transfers as deposit methods. The exact size of the applied commissions is not specified.
The broker notifies that the withdrawal of funds should take place in the same way as the deposit was made. However, as we have already noted, only Bitcoin is available for withdrawal in your personal account. Is this not a clear sign of scammers?
The policy of AML and KYC also seems to be composed of contradictory paragraphs. Bitech Max talks about retail and corporate clients, then describes creating a financial portrait, and demands information about beneficiaries and shareholders. Finally, it refers to the requirements of the US authorities, although CFD trading is generally prohibited in the States. To be honest, it’s all rubbish.
In your client portal, you will also see a form for uploading documents for all occasions. From all kinds of ID cards to bank statements and declarations of deposits. We have no idea what kind of papers the scammers are demanding from their victims. Perhaps just a photo of both sides of a credit card.
Is Bitech Max a Scam?
It’s time for the bottom line and explaining why this strange project is indeed the product of fraudsters. Don’t worry, we know for sure why Bitech Max is not the best option for your investment.
Legal Information and License
First of all, if you’re planning to invest money, you wouldn’t give it to someone anonymous, would you? Even online? Yes or no? Use your brain! With all due respect, we advise you never to listen to the beautiful words of such companies as Bitech Max. They can call you or find you on social media and promise you anything. However, you should be clear about what information needs to be verified. Yes, this is information about a legal entity and a license for financial activities.
Note that the broker calls itself Bitech Max only. It never gives the name of its legal entity and does not give legal addresses or mention licenses. Just in case, we checked the company registries of all countries that are listed on this site. Of course, there is no Bitech Max organization in them.
Finally, just take a look at this impudence in the Bitech Max Terms. Everything will be subject to the laws of the site owner’s country, but do we know the owner and his country? In no case! Disgusting anonymous fake.
Bitech-max.com Domain Info
Of course, Bitech Max couldn’t attract thousands of traders to its supposedly great service. Ordinary people do not understand well what a domain is and how to find out the period of its operation; but we know! According to Whois, the site has been around since August 2022. Well, all the positive online reviews are dated September or November. Amazing reputation, isn’t it?
The scammers are not interested in someone getting to them. So Bitech Max presents prestigious office buildings in Hong Kong and Singapore as their addresses. For absolutely no clear reason, the phone numbers are from Canada and the UK. An attentive person will obviously think about this.
Of course, these numbers are unknown to Google. You can also email or use the feedback form, but will that be of any use?
Pros and Cons
- Weird unfinished site.
- Insane trading conditions.
- Cheap and little-known software.
- No information about deposit methods.
- Total anonymity.
- Operating time less than six months.
- Useless contacts.
Frequently Asked Questions (FAQ)
The scammers are probably confused about their services. Here they talk about ordinary derivatives, but in fact, there is only CFD trading.
The line of accounts requires £5,000 to start. At the same time, the Bitech Max conditions mention a deposit in dollars, so this is a mystery.
Unfortunately no. This is another online trash that has no documents and is promoted by aggressive marketing.