Broker BullCFDs has been operating in the financial markets not so long ago, but it has already attracted attention. The bullcfds.com platform is registered offshore, and in the reviews, traders write about the loss of deposits and other problems. We will analyze all the information and check if BullCFD is trustworthy or a scam.
- BullCFDs General Information
- Registration and Client Portal Review
- BullCFDs Trading Conditions
- Account Types Review
- Trading Platform
- BullCFDs — Deposit and Withdrawal of Funds
- Verification
- Additional Options and Education
- Is BullCFDs a Scam?
- Legal Information and License
- Bullcfds.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
BullCFDs General Information
| Website | bullcfds.com |
| Phone number | +442037610878 |
| support@bullcfds.com | |
| Address | First St Vincent Bank Ltd Building, James Street, Kingstown St. Vincent and the Grenadines |
| License | – |
| Minimum deposit | $250 |
| Assets | CFDs |
| Leverage | 1:500 |
| Trading platform | WebTrader |
Registration and Client Portal Review
The broker uses a template official website. Dark design, photos of successful traders, listing all the advantages — all of this is typical and standard. Unfortunately, the broker’s administration didn’t write a lot of useful information, including about the management company. Also, the site is translated into English only.
It takes a few minutes to create an account on the site. Registration is standard. You will need to fill out a short form with personal data:
- First and last name
- Phone number and email
- Country of residence
- Currency and account type
- Password.
Email confirmation and phone number are not required. The client will quickly get access to his personal account. By the way, the Client Portal also lacks originality. You can immediately deposit, go to the web terminal, or install the desktop version. Also, it is possible to change account settings, and view the history of transactions.
BullCFDs Trading Conditions
BullCFDs provides nothing extraordinary. The broker offers various trading assets and CFDs, and some additional services.
Account Types Review
A trader can choose from the four types of accounts.
- Basic. The minimum deposit is $250. Spreads are fixed. It is possible to withdraw funds once without commission. For some reason, it is not indicated what types of assets the trader will have access to.
- Gold. You will have to deposit $25,000. The broker will generously reduce the size of spreads by 10%. What assets the broker offers for trading is still a mystery. Once a month, BullCFDs offers a market overview and withdrawal of funds without commission.
- Platinum. The minimum deposit is $50,000. Discount on spreads already 20%. You will receive a market analysis every week. Also, four times a month, you can withdraw money without commission. At the same time, there is finally access to all assets.
- VIP. You need to deposit 150 thousand dollars. Spreads are reduced by BullCFDs by 25%. Traders have access to an overview of the markets every day. And they can withdraw money without commission at all.
Trading Platform
BullCFDs has a desktop application and a web terminal. For more comfortable trading it is better to choose the desktop version. There are fewer indicators in the web terminal. Besides, it’s less comfortable, and has a lower operating speed.
BullCFDs — Deposit and Withdrawal of Funds
Among the ways to deposit are:
- A credit card
- Wire transfer
- USDT TRC20
- USDT ERC20
- BTC.
The deposit methods are not automatic. Whatever the client chooses, he will be redirected to a form where he will be asked for more contact information. Commissions depend on the chosen payment method.
Verification
For verification the client will need to upload photos or scans of several documents. It is necessary to confirm the identity, place of residence, and payment data. You can find a list of documents in your account.
Additional Options and Education
BullCFDs does not provide any unique services. The accounts comprise an overview of the markets and technical analysis.
Beginners can learn the basic principles of trading. The broker has lecture materials, including a glossary of key terms, video tutorials, and trading e-books for users of all levels of experience.
Is BullCFDs a Scam?
BullCFDs has many disadvantages. It is almost impossible to trade here. However, even the official website shows clearly that this is not a high-level company.
Legal Information and License
According to open sources, BullCFDs is registered offshore Saint Vincent and the Grenadines. Nothing is surprising because most of the scam brokers register there. The owner is Horizon Targets Solutions LLC. We found it in the svgfsa.com registry under the number 1672.
The organization has been operating for less than a year. As you can see, the statement about a large client base and experience in the financial markets is a lie.
Moreover, when you visit the site of the FSA you may notice a message that this financial regulator does not issue licenses to Forex and binary options brokers. Here the client makes orders at his own risk and cannot rely on the help of supervisory authorities, including the FSA.
Traders write in their reviews that offshore registration brings nothing good and does not guarantee the quality and transparency of the service.
Bullcfds.com Domain Info
Horizon Targets Solutions LLC has been on the FSA register since 2021. Traders left their first reviews a few months earlier. The domain information showed that the broker registered it on May 25, 2021. So, BullCFDs first created the site, and then legally registered the company. Serious firms do exactly the opposite.
Contacts Review
There is a phone number and email address on the site, but we couldn’t reach this number. Traders also complain in the reviews that the support does not respond to emails for a very long time.
More Details
BullCFDs allowed leverage is 1:300. Meanwhile, for licensed brokers, this level is ten times less. Bonuses, promotions, and a large amount of leverage confirm once again that anyone does not regulate the company.
Pros and Cons
- Several types of accounts.
- Demo account.
- Offshore registration.
- A short period of work.
- Not enough information about the company.
- Negative reviews.
- No license.
BullCFDs, like many other offshore firms, allows itself a lot of liberties in dealing with clients. This company has disappointed traders. Clients complain about the loss of money in the reviews. Such dubious projects and scam brokers, of course, are best avoided.
Frequently Asked Questions (FAQ)
The minimum deposit is $250.
No, it is an unregulated offshore broker.
The broker offers only CFD trading.
The winner in the scam broker category
Unfortunately, BullCFDs is a fake broker, which doesn’t withdraw my money. I’ve been waiting for the transaction for four months. There are no results, no conclusions. Technical support is silent!
Complete fake
When I worked with BullCFDs, there were no negative reviews on the Internet. Or they cleaned them up. I thought the broker had a long-term job and was honest. I realized I was in a scam only after my account was closed, along with the money stored there. To this day, I can’t pick up the money! I advise others not to get involved with BullCFDs.
Worst scam
Complete crap, not a broker! Managers called me and invited me to take part in a super profitable project, but they did not warn that the commission here is through the roof! I can’t even imagine what an ace in the world of trading you need to be to get at least some profit here! Don’t work with this fraud!
Never again
Shameless scammers run this broker! Otherwise, I don’t know how to explain that they completely drained my deposit. They also offered to get into a loan. Yeah, no, thanks! It is clear that BullCFDs are only interested in our money, and they will not provide any services, especially quality ones. I ask all newcomers not to listen to managers and not to get into debts that will be hard to pay off. And in general, it is better to ignore them.
Offshore scam
I tried to contact them through calls and emails, but no one answered. Be careful not to use this scam company. They will ask you to always deposit more, and once you request a refund, they will stop responding to you. And they will manipulate your trades and convert them into lost ones and close them. I have already contacted the local cybercrime department. And I also intend to spread the word about this fraud.
Spam, spam and spam!
I want to leave a review about Bullcfds, thank God, I don’t work with them anymore. It was a nightmare, these assholes kept calling and calling. Of course they demanded more money. I didn’t know how to get rid of them! I didn’t need anyone’s help and wanted to trade on my own. I’d been thinking about changing my phone number. It all ended with the fact that I closed the account since the trade was constantly at a loss anyway. They called for a while and then stopped.
Lawlessness
You don’t think if a company is online that no one is looking after it, do you? Especially regarding a broker. In fact, they take your money and promise income, and this is a highly regulated activity. Okay, in theory. Your main financial authority that deals with brokers, dealers and all that stuff is supposed to regulate the company. And where is bullcfds.com regulated? Not in any country in the world, except offshore. Ha ha. They have washed their hands.
I am sure this is a scam
These crooks took all my profits and they don’t want to refund my deposit either. I have been in contact with them for 2 months now. At the moment, they don’t even answer. I know that the company has scammed many people from all over the world and doesn’t want to refund. And I know that some of their clients have reported the current situation to the regulators. Hope this dangerous site gets blocked.
BullCFDs be damned
I held 4 trades for a long time, USD/JPY showed excellent profits at the end, but the terminal freezes and the price at that moment goes to the bottom!!! Of course, then it returned to its previous height. Oh, I just managed to take a screen, as this hairpin disappeared … damn it, these are scammers! They just wiped out my profits and made me look like an idiot!!!
Beware, beware, beware!
I tell you with all confidence that this is not a normal broker with unique services. The thing is, I have to monitor review sites, as our small consulting firm offers financial advisory services and we are constantly on the lookout for new up-and-coming brokers. So, almost everything that you see on the Internet is just one-day scams. I have noticed a huge number of websites like bullcfds.com. They use navy blues everywhere and put up stupid pictures of jolly men. None of them have a license or even a real legal entity. So just please don’t contact them, you will waste your time and money!