Bulls400 is a crypto exchange where users can buy, trade, and hold cryptocurrencies. However, in addition to these assets, the company offers 4 other types of instruments. By the way, we haven’t heard of such an exchange until now. Therefore, we are almost certainly sure that this is a regular CFD broker and a scam in general. We will check this company and reviews about it to prove our point of view.
- Bulls400 General Information
- Registration and Client Portal Review
- Bulls400 Trading Conditions
- Account Types Review
- Trading Platform
- Bulls400 — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Bulls400 a Scam?
- Legal Information and License
- Bulls400.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Bulls400 General Information
| Website | https://bulls400.com/ |
| Phone Number | +442045496793 |
| support@bulls400.com | |
| Address | 4 Bartholomew lane, London, EC2N 2AX, United Kingdom |
| License | — |
| Minimum Deposit | $10,000 |
| Assets | CFDs |
| Leverage | 1:5-1:200 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
Bulls400 greets visitors with a huge banner. It says that this is where you will find endless possibilities. What the creators of the site mean by this is quite difficult to understand. In fact, trading opportunities are limited here. The official website looks pretty formulaic. We didn’t see anything new on it. Listing the advantages of the broker and self-promotion occupies the main space. The content is translated into English only.
To register, the client can fill out a small form. It consists of the following fields:
- First and last name
- Phone number
- Password
- Country of residence
- Promo code
- Account currency.
Bulls400 doesn’t require you to confirm the email address. This crypto exchange doesn’t even have two-factor authentication. Isn’t it weird?
You will immediately get access to your personal account. The Client Portal, by the way, is just as nasty as the official website. It is also a template. We have seen this from many scam brokers. Only by its design can we say that Bulls400 is not an exchange. On the main page, you will see your balance, profit, successful orders, and transaction history. In the main menu, you can change the settings, fund your account, or withdraw money. Also, you can immediately start trading.
Bulls400 Trading Conditions
Bulls400 offers the usual brokerage services. There’s no single hint that this company provides cryptocurrency trading. The only trading asset here is CFD.
Account Types Review
So the hero of our review is not even an exchange. However, its appetites are impressive. So, for beginners who are just starting their way into trading, the minimum deposit is $10,000. By the way, the broker does not even allow you to test its terminal in demo mode.
Other types of accounts can be founded for 50, 100, 250 thousand, and even a million dollars. Of course, the larger the amount on the account, the more services are offered. Clients with premium accounts can count on daily market analysis, personal manager services, and even increased leverage.
Trading Platform
As we have already mentioned, you can only trade CFDs. There are no real assets on this platform. Thus, you will not be able to buy a cryptocurrency and hold it in your wallet. The trading platform also has limited functionality. You can only use the web interface. Bulls400 does not provide downloadable desktop and mobile applications. There are enough indicators. However, the terminal doesn’t look too good. Well, it is unlikely to expect something expensive and high-quality from such a broker as Bulls400.
Bulls400 — Deposit and Withdrawal of Funds
The official website does not indicate how you can fund your account. At least we found this information in the Client Portal. You can deposit using a credit card, Bitcoin, or some e-wallets that work with cryptocurrency. Such a choice cannot be called wide. By the way, it is not indicated at all how quickly applications for money withdrawal are processed.
Verification
The broker requires clients to pass the identification. In the Client Portal, the trader will be able to attach scans or photos of the necessary documents. As usual, proof of identity, residential address, and payment details will be required. Bulls400 also has the right to be aware of the financial status of the client. You may be asked to provide documents confirming the legality of the origin of funds.
Additional Options
Bulls400 additional services are real trash. No, seriously, what other broker’s personal manager services cost 10 thousand dollars? And if you fund your account by a million, then you will be invited to a VIP event. What kind of trader needs this at all? Besides, all these signals and forecasts are distributed by people who are not famous in the trading sphere at all. There is not a single mention on the platform about who works on the project team. Absolutely everything here is anonymous! Such reviews and forecasts are worthless. There is absolutely no evidence that Bulls400 analysts are professionals. Even the statement is not presented. This pseudo-broker is just trying to get as much money out of you as possible with its dubious services.
Is Bulls400 a Scam?
A CFD broker, which for some reason calls itself a crypto exchange, fits only into the category of scammers. Besides, these are not all the problems that we have found on this platform.
Legal Information and License
Bulls400 claims to be registered in Australia, although the office is located in the UK. However, legal details are important to us now. There is such a company in the registry of Australia. As you may have noticed, the broker even posted a link to it in the footer. Meanwhile, simply registering a company in Australia is not enough. The local regulator, ASIC, issues a financial services license to such firms. Of course, Bulls400 is not on the list of licensed companies. So, this broker provides its services illegally.
Bulls400.com Domain Info
Moreover, we are sure that Bulls400 is just posing as an Australian company. By the way, this is a fairly common fraud scheme. The first reviews and comments on the Bulls400 appeared quite recently while the original company was registered back in 2015. However, there is no mention of it at all until 2022. The domain bulls400.com was created on November 22, 2022. We are sure that these scammers just found a suitable Australian company, quickly created a website, and now pretend to be a broker.
Contacts Review
With the broker’s contacts, it didn’t work out. We don’t really understand why they lie about the Australian registration and specify the English office and phone number. By the way, users in the reviews complain that they cannot contact support. And of course, the Bulls400 doesn’t have any social media profiles. Although apparently in 8 years of work, it was possible to start a Facebook page. However, let’s not forget about the real age of this scam.
More Details
By the way, if Bulls400 were a real exchange, it would give its users more guarantees. Since this is an ordinary dealing desk, it disclaims all responsibility. It will not be responsible for any losses and failures in the software either.
Pros and Cons
- None.
- Fake legal information.
- No license.
- The short period of work.
- The minimum deposit is too high.
- Dubious additional services.
- No demo.
- Negative reviews.
Bulls400 is an ordinary CFD broker, which for some reason lied that it is an exchange. The company does not have a license and provides financial services illegally. In reviews, customers complain about the inability to withdraw money. For these reasons, a broker is best avoided.
Frequently Asked Questions (FAQ)
Even though Bulls400 calls itself a crypto exchange, it offers ordinary brokerage services. You can trade CFDs on different assets here.
There are greedy brokers. However, the Bulls400 surpasses even them. To trade on this platform, you will need a minimum deposit of at least 10 thousand dollars.
No, this is a pseudo-broker who pretends to be a real Australian company. In fact, it is unregulated. Therefore, your money will not be safe.
It is enough to look at their poor website to understand that this is not an exchange at all. They are not even in the CoinMarketCap rating. All lies from the first to the last word. Why are people attracted to such projects? If such scammers call you, the first thing you need to ask for is a license.
I am outraged
10 thousand dollars for what? Why are they asking for such a sum? Is this some kind of international broker that everyone knows all over the world? Is it under the control of the FCA or the SEC? Why the hell do they allow themselves to set such a minimum deposit? And at the same time, they don’t even provide a demo account. Well, such stupidity of course. They don’t want to give you brokerage services but take away your money.
Obviously, this is a scam
Trading with this broker is a waste of money and time. I am writing to warn you. Be careful. My friend lost 12 thousand on this platform. Not that he was a bad trader. As you understand, he earned another 2 thousand from the minimum deposit. Just this scam-broker did not allow him to withdraw profit. At first, he was persuaded to simply cancel the application. Next, it turned out that he needed to pay some commissions. As a result, when he threatened the police, his account was simply frozen. Support stopped responding to his appeals.
complete scam ripped me 5kl
Complete scam lying filthy thieves ripped me for 5k plus 27k profits on their fake platform sent fake usdt coins to cold wallet can’t cash or sell or transfer .I know of others they have ripped off ..if u know where they are let me know I got a little surprise visit to pay these dogs zero spine zero courage zero chance
What do I do if I have just signed up to this?
I paid 250usd now worried about being hacked
Still unsure whether to trust Bulls400 - lots of + and - Reviews - No BENEFITS for ME, After Months
THANK YOU Subhash.
I also noticed a consistent pattern of anomalies, after investing in BitcoinAI 360 – I somehow ended up in Bulls400. Initially I was told by a lovely lady that she was paid by BitcoinAI to provide 21 minutes of explanation of how the AI system worked, wich is actually believable – outsourcing unpredictable needs.
Yet everything seemed to divert my initial – minimum TEST investment to Bulls400. A second asset manager – again, lovely to talk to, said he would step me through using it. Then suggested I use him as an account Manager – their rates were very reasonable, he was nice, but kept asking me for more and more money, from my initial $500 AUS to Seriously Pressuring me for $10K, then $25K, then…ALL of my superannuation (which I would NEVER DO). He told me that his other customers just took what ever they wanted out of superannuations funds even though Not retired. I researched this, and it seems Illegal and Unwise. So then I called TONY Back – No one knew Tony or could find in at work, and Tony had stopped answering my emails. Same happened again – a different person, each sounding Credible, – Promised to let me Use MY FUNDS in MY ACCOUNT, but it only worked for 1 hour, while they managed ot to provide a 20% increase on $500 – ONCE. I was unable to use, test or learn from their system myself. One person, after about 10 attempts finally sent me a form, to test whether I could remove part of my funds and return it. I must try this now (I caught COvid after that so could not stay awake long enough to do this). Yet, other follow up calls – all from UK, did Not ask for more investments – but neither did Tony the first time. A Different person , phone number, accent each time – despite promise of a personal account manager. ALSO A BARRAGE OF SPAM CALLS from Elsewhere – but that may have been Bitcoin360Ai, Not Bulls400. The SPAM Calls did stop even after Bulls400 followed up weeks later – so Yes, Most likely Not to be Bulls400.