Blantomic, like many others, boldly declares that trading is a piece of cake. Surprised? Curious to know what the company means by this statement? Then be sure to read our review. However, keep in mind that things might take an unexpected turn, and this project appears to be a scam. Ready to dive in?
- Blantomic General Information
- Registration and Client Portal Review
- Blantomic Trading Conditions
- Account Types Review
- Trading Platform
- Blantomic — Deposit and Withdrawal of Funds
- Additional Options
- Is Blantomic a Scam?
- Legal Information and License
- Blantomic.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Blantomic General Information
|Cabot Square, London E14 5AB, United Kingdom
|Up to 1:200
Registration and Client Portal Review
Blantomic has presented a fairly standard official website. Users are greeted with typical animations featuring charts and quotes. The homepage is filled with various widgets, allowing you to monitor the real-time prices of certain instruments. Amid all this, self-promotion and other advertisements are consistently interspersed.
The broker claims to be different from the rest, boasting about having the best platform in the industry. However, it provides limited information about itself, lacking crucial details. Nevertheless, you may notice a fairly comprehensive FAQ section on the platform, along with some contact information.
Initially, Blantomic might seem like a friendly broker. We shared a similar impression until we attempted to register on the platform. Everything appears straightforward, with a brief questionnaire requesting basic contact details and seemingly nothing more. However, the company doesn’t allow you to create an account without a promo code. The registration process is, unfortunately, closed in this regard.
Closed registration can be detrimental for several reasons. Firstly, it restricts access for potential traders who may be genuinely interested in the platform. It raises questions about transparency and inclusivity, as open registration is standard practice in the industry. Additionally, closed registration may be indicative of potentially discriminatory practices, fostering an environment that lacks openness and equal opportunities for all users.
Blantomic Trading Conditions
Blantomic lured us in with promises of a slice of cake. Well, let’s dive in and see what truly lies beneath the fancy wrapping.
Account Types Review
The broker presents seven account types, named fairly conventionally: Bronze, Silver, Gold, Platinum, Diamond, Premium, and VIP. What caught us by surprise was the minimum deposit requirement. In the Bronze account, it stands at a staggering 10,000 euros. Quite a hefty slice, isn’t it? Interestingly, Blantomic might not be as greedy as it seems. The FAQ section states that a mere $250 deposit is sufficient to start trading. It seems like they’re keeping it ambiguous.
As expected, the company follows industry trends, offering more conditions and services as your deposit amount increases. The focus is largely on these additional services, while crucial details are overlooked. For instance, finding out that the platform offers a leverage of 1:200 is only possible within the terminal. They remain silent on the topic of spreads. Well, everyone has their priorities. Traders aim to choose favorable trading conditions, while this broker seems more interested in maximizing profits from traders.
Blantomic, with its closed registration system, confines us to an analysis based on trader feedback, revealing a web-based trading terminal devoid of a downloadable desktop or mobile platform. Unfortunately, the web terminal, though easily accessible, falls short in providing a satisfactory trading experience.
The design of the platform is disappointingly simplistic, lacking the sophistication we would expect from a reputable broker. Traders have voiced concerns about the terminal’s limited functionalities, noting a notable shortage of essential indicators and tools crucial for making informed trading decisions.
Blantomic — Deposit and Withdrawal of Funds
Blantomic offers a diverse array of methods for both funding and withdrawal, catering to various preferences. Traders can choose from credit and debit cards, bank transfers, cryptocurrencies, and popular e-wallets like Skrill and Neteller. While the availability of multiple options is a positive aspect, the broker falls short in providing clarity regarding associated fees.
In terms of withdrawal processing times, Blantomic indicates an approximate duration of around 5 days. This may be considered a relatively lengthy time frame in comparison to industry standards.
Despite the closed nature of Blantomic’s registration process, mandatory verification is a requisite for users aiming to trade on this platform. Blantomic mandates the submission of identification documents. Traders are required to upload clear and valid copies of government-issued identification, such as a passport or driver’s license.
Laso, additional documentation may be necessary to verify the trader’s residential address. Accepted documents include utility bills or bank statements that display the trader’s name and address.
After submitting the necessary documents, traders must await the approval of their verification process. Upon successful completion of the verification process, traders gain access to the full range of services and functionalities offered by Blantomic.
Blantomic proudly presents a myriad of supplementary services to its traders, aiming to enhance their trading experience. However, a closer look at some of these offerings reveals certain aspects that traders should consider.
One of the touted features is the provision of “risk-free trades.” Contrary to the positive connotation, risk-free trades only indicate that the broker lacks access to the real market, and all orders are executed within the confines of its platform.
Blantomic introduces services related to market analysis and forecasts. It is crucial to note that entirely anonymous individuals provide these insights. We don’t know anything about the qualifications or expertise of those offering market predictions.
The broker also promotes its partner program, which was hinted at during the registration process. Joining this program is portrayed as a wise decision. However, disappointingly, Blantomic provides no information about the nature or extent of the rewards associated with the partner program. Traders are left without clarity on how participation in the program translates into tangible benefits.
Is Blantomic a Scam?
As we delve into the trading conditions offered by Blantomic, the question arises: is this broker legitimate at all? Or is it concealing a genuine deception?
Legal Information and License
Our previous observations highlighted the company’s reluctance to divulge significant details about its operations. The lack of transparency, including information about its registration and legal standing, raises concerns about the broker’s legitimacy.
The contact details provided hint at an address in London. However, let’s put this claim to the test by consulting the British registries to uncover any pertinent information.
Regrettably, our efforts proved futile. Blantomic is conspicuously absent from official records, indicating a lack of formal registration. No matches were found on the British registry, implying that the company does not legally exist. This absence of registration extends to the realm of licenses, leaving traders in a precarious position. Funds invested on this platform lack protection from any regulatory oversight.
Blantomic.com Domain Info
The website domain, a crucial aspect often overlooked, reveals another layer of suspicion surrounding Blantomic. Delving into this matter, a striking revelation emerges. The domain was registered as recently as November 2023. In essence, this site has only been operational for a matter of weeks.
If trading with a broker is akin to indulging in a piece of cake, then consider this platform’s slice exceedingly fresh.
When it comes to communication, Blantomic takes an unconventional route. Instead of providing email addresses for inquiries, the broker offers only phone numbers. A peculiar choice, indeed. For those seeking a more traditional means of reaching out, this might pose a challenge. Additionally, while there is an address listed, we would caution against utilizing it. Given our discoveries about the broker’s dubious nature, expecting a warm welcome might be wishful thinking.
In a rather intriguing twist, it turns out that Blantomic is not a lone player in this game. It shares its stage with several other entities, each with its own enticing names, for example, Fortnomics, Vortexyl, Chronovalor, Mestieriplaza, and more. What makes this revelation even more unsettling is the realization that all these projects belong to the same lineage of scams. Before considering the prospect of opening an account here, it would be prudent to give it not one, not two, but three thorough considerations.
Pros and Cons
- Variety of withdrawal and deposit methods.
- A seemingly user-friendly website.
- Closed registration with the need for a promo code.
- Lack of transparency regarding company information.
- Unverifiable and potentially misleading educational offerings.
- The platform’s closed nature prevents an in-depth analysis of its trading conditions.
- A suspiciously short period of the website’s domain registration.
Frequently Asked Questions (FAQ)
It offers a questionable array of trading services, accompanied by dubious bonus schemes and educational resources.
The broker remains indecisive about the minimum investment, with figures ranging from $250 to a hefty €10,000, as per trading conditions.
Regrettably, Blantomic cannot be deemed a safe venture. Potential investors are warned against anticipating any positive outcomes, as the risks of financial losses far outweigh any potential gains in this dubious project.