Assessing the reliability and integrity of the broker FuturBTC can be a challenging task. Online, you will come across numerous positive reviews, praising the company’s services and performance. However, we are ready to bet everything on the fact that this is a scam.
- FuturBTC General Information
- Registration and Client Portal Review
- FuturBTC Trading Conditions
- Account Types Review
- Trading Platform
- FuturBTC — Deposit and Withdrawal of Funds
- Additional Options
- Is FuturBTC a Scam?
- Legal Information and License
- Futurbtc.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
FuturBTC General Information
|Address||50 Bank St, London E14 5NS, United Kingdom|
Registration and Client Portal Review
Upon visiting the official FuturBTC website, we were greeted with nothing more than visually appealing images. The entire content seemed to be composed of uninteresting praises solely dedicated to promoting the company itself, which, to be frank, offered unreliable information. It appears that this approach is primarily targeted towards newcomers who are accustomed to reading nothing more than promotional texts. However, for individuals with prior experience in dealing with brokers, substantial and verifiable facts hold greater significance, and unfortunately, FuturBTC falls short in this regard.
For instance, the “About Us” page on the website provides no real historical background or concrete information about the company. Instead, it presents vague philosophies and mission statements, leaving visitors craving for substantial details and transparency. It is worth noting that the website offers versions in both English and French, attempting to cater to a wider audience.
Furthermore, the registration process left much to be desired. At first glance, it appears to be a straightforward procedure requiring basic personal information and contact details. However, the registration form includes a deceptive field for a referral code. Without this code, creating an account becomes impossible. The source of this referral code remains a mystery, raising concerns about the legitimacy of FuturBTC. It is important to highlight that the practice of mandatory referral codes for registration is widely regarded as unfavorable, as it compels users to disclose personal information to third parties merely to access the service. This questionable approach only adds to our apprehensions regarding the credibility of FuturBTC.
FuturBTC Trading Conditions
When a broker neglects to invest in its official website, it raises doubts about the quality of service one can expect. Unfortunately, our expectations aren’t high for traders seeking a top-notch experience here.
Account Types Review
Let’s delve into the review of FuturBTC’s account types. According to their main page, choosing an account type is the first step to opening an account. The broker offers a total of seven different account types, each varying in additional services and minimum deposit requirements. Surprisingly, to attain Bronze status, you would need to deposit a minimum of 10,000 euros. Quite a steep threshold, isn’t it? However, contradicting themselves, FuturBTC states in the “FAQ” section that you can start trading with the broker for as little as $250. By the way, if you deposit a whopping million euros for the VIP account, you’ll gain access to market reviews, webinars, trading rooms, and even one risk-free trade. However, if you have a million dollars, then why do you need these functions?
FuturBTC informs clients that the leverage offered varies depending on the selected account type and can go up to 1:200. This immediately raises concerns about the absence of a reputable license for the broker.
While FuturBTC boasts about its platform, it fails to provide any demo access to it. Furthermore, no information is given about the platform’s development, availability of mobile or desktop applications, or any accolades it may have received. Overall, the terminal appears to lack any substantial features that would make it noteworthy.
FuturBTC — Deposit and Withdrawal of Funds
Now, let’s talk about depositing and withdrawing funds with FuturBTC. The broker offers a wide range of deposit methods, including popular options like credit cards, wire transfers, and even cryptocurrency transfers. They also claim to have managers available to assist you in finding the most convenient payment option. It seems like a comprehensive service, doesn’t it? However, one can’t help but question the overall value and reliability offered by FuturBTC.
Although we cannot provide specific details about FuturBTC’s Client Portal, it appears that they do adhere to Know Your Customer (KYC) procedures. Therefore, it is likely that you will be required to undergo a verification process. In such a case, you would typically need to provide certain documents and information to verify your identity and ensure compliance with regulatory requirements. This may include:
- Identification Documents: You will need to submit a scanned copy or high-quality photo of a government-issued identification document.
- Proof of Address. To verify your residential address, you may be asked to provide a recent utility bill or bank statement.
- Additional Documents.
We must not overlook the fact that FuturBTC supposedly offers a partnership program, but they conveniently omit any details about its terms and conditions. Additionally, they casually mention providing education for beginners. However, if you actually explore this section on their website, it’s unclear who would benefit from it. When it comes to other services like market analysis and webinars, let’s be realistic – experienced traders who offer superior guidance charge significantly less than a million euros. It’s absolutely unnecessary to deposit such a large amount just to be directed into the markets by an anonymous group of pseudo-analysts.
Is FuturBTC a Scam?
If it hasn’t become evident yet, let’s be unequivocal. We strongly believe that FuturBTC is a complete scam. If the previous arguments appeared ambiguous, we will now delve into investigating whether this company possesses the necessary authorization to operate and safeguard your funds.
Legal Information and License
It appears that FuturBTC is potentially in clear violation of disclosure laws. Not a single document provided by the broker mentions their management company. The contact details provided indicate a British address, leading us to believe that FuturBTC is registered in the UK. It is relatively simple to verify this information through the country’s registry, and we discovered only one company that matches the name. However, there’s a significant issue: BTC Future Ltd was dissolved in 2021. It should be self-evident that this broker lacks the necessary licensing.
Futurbtc.com Domain Info
When examining the domain information, it becomes evident that the broker is relatively new to the market. In fact, we observed that the first FuturBTC reviews emerged just a few weeks ago. Upon investigating the domain registration, we discovered why. The official website was only created on March 1, 2022.
The broker provides an email address and, as mentioned earlier, a dubious office address. Regarding other means of communication, reviews indicate that traders face extreme difficulty in reaching the support team, particularly when it concerns matters related to money. The absence of a phone number only exacerbates this issue.
The biggest issue, however, is not limited to that. We are absolutely certain that FuturBTC is nothing more than another scam. You can easily verify this for yourself by examining Polarbtc and LibreHoldings. These projects exhibit striking similarities in terms of lacking proper backstory and registration forms. Moreover, their websites clearly bear the fingerprints of the same “master.” Now, the question remains: Is it worth risking your money in such an obvious scam?
Pros and Cons
- Lack of license
- No legal data
- The short period of work
- Dubious trading conditions
- Closed registration
- High leverage.
Frequently Asked Questions (FAQ)
The broker offers CFD trading and some supplementary features.
The minimum deposit amount required to commence trading varies based on the trading conditions and starts from $250.
No, FuturBTC is a fraudulent broker lacking any licenses or authorization to hold clients’ funds.