The website of BrisTrades is a total shambles, crammed to the gills with pointless content and ridiculous features. Many aspects of it are damaged or only partially functional, some features are very deceptive, and a significant portion of the material seems like it was written only to fill space as if its sole goal was to exist. The culmination of it all is a company that gives the impression that its founders have long since forgotten about it or given up on it.
Bristrades has presented a significant amount of inaccurate data. In addition to that, it boasts of having been given the prize for providing the greatest affiliate service. In addition, it mentions having won an award for providing the finest customer service, amongst a number of other accolades.
|435 Mount Forte New York, NY 537 & 65 Nalmton Palis, CA 4467
Is Bristrades Regulated?
Users in nations in which the company’s activities might be regarded as unlawful will not be able to use the website’s services. However, BrisTrades never reveals the names of these countries or the regulatory agencies that prevent it from operating in such areas. As a matter of fact, this is a pretty typical provision for an illegal brokerage that makes use of simple vagueness.
More dishonest information is at our disposal. Allegedly, the official address of the broker is located in the United States. If this is true, then BrisTrades would be subject to the jurisdiction of the CFTC and the NFA, which are respectively the two most infamous and stringent FX regulators in history. BrisTrades would have to put in a significant lot of effort, spend tens of millions of dollars, and put in a significant amount of time and effort before any of these two giants would consider regulating the company. This kind of attention is not there at BrisTrades since the company is a straightforward Ponzi scheme rather than an authorized and professional brokerage service.
Warnings From Financial Regulators
Is Bristrades Can Be Trusted?
Users who are located in nations where the website’s business would be considered unlawful are not allowed to access its services. However, neither the names of these jurisdictions nor the regulatory agencies that forbid BrisTrades from operating are ever mentioned. This provision, which relies only on ambiguity, is really fairly frequent in unlawful brokerage agreements.
What kind of currency pair do Bristrades offer?
As Bristrades is binary options trading platform, they offer forex pairs, cryptocurrency, and commodities.
Bristrades boasts that it has received recognition for providing the greatest customer service available. Their primary goal is to provide their customers with high-quality services. It is unlikely that a Ponzi scheme would give a damn about traders.
There is no phone number listed, thus email is the only method to get in touch with the project. It is an antiquated form of communication, particularly when discussing investments. Scammers frequently ignore the questions they receive from their victims.
Trading Method (MT4 or MT5)
The infamous Packages scam, which is unquestionably one of the most improbable return-on-investment schemes out there, has been integrated into BrisTrades in place of a trading terminal. Its central promise to consumers is that they would make a sizable and implausible profit on their money.
You Can Read Our Other Scam Reviews
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What Do Traders Think Of Bristrades?
Our main issue is that Bristrades is a market maker, which essentially implies that they profit if traders lose, just like almost every other broker. Therefore, it should go without saying that Bristrades will be more than glad to keep all of the money you put in error if you allow them to manage your trades, whether or not they use a trading robot. An excellent illustration of a conflict of interest is this.
What To Do If You Get Scammed?
If you get scammed by Bristrades’s notorious scam, you can submit a scam report to us. We will provide you with a free consultation and some perfect recovery service recommendations to get your money back. You also can legal help from us if needed. Moreover, we have educational blogs and scammer lists in different categories.
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Most fraudulent brokers will provide cryptocurrency investing options. No matter how attractive the return may seem, never invest through these because there is no way to get your money back.