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Why is FuturBTC a scam?

Started by Admin, May 30, 2023, 12:28 PM

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Topic keywords [SEO] scamFuturBTC

Admin

This article has the following information:
  • What is known about FuturBTC;
  • Irrefutable arguments that FuturBTC is a scam;
  • Less significant indications that FuturBTC is a scam.
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Consequences of doing business with FuturBTC

What happens if you or anyone else spits on all the information mentioned in this material and decides to try trading with FuturBTC? Let's get to the bottom of it. Let's take a review of FuturBTC from the Trustpilot website:
"I am leaving this review to share my personal traumatic experience with FuturBTC and to warn future clients before they even consider handing over their hard-earned money to this office. In my years of trading experience I have never come across a worse brokerage firm, and it has given me a bad taste in my mouth and a huge decrease in confidence in the industry as a whole.

What other signs and evidence is there that FuturBTC is a scam?

As it was stated above, FuturBTC and its representatives are not exempt from aggressive selling, insults, displaying enviable incompetence, using marketing tricks like guarantees of very high profits and falsifying reviews. The documents on the website of FuturBTC are not present, not even an agreement of public offer, but there must be some legal documents proving the existence of a brokerage license, registration data and, probably, some credits. In search the situation is the same as with opinions, they are all similar to each other. The fact that FuturBTC does not withdraw money is a standard sign of a scam. FuturBTC managers also like to send false signals, on which it is not only impossible to earn money, but on the contrary, all the money evaporates. Scammers often send such signals in order to earn more commissions and fees, but this is more about employees of white investment firms, who engage in fraud in this way. But too frequent failures of FuturBTC are also a standard indicator of a scam.

What else must be present at the site of an adequate broker? Research tools! A brokerage site should give people access to analytical tools and resources. These can be financial news, analyst reports, company financial reports, technical analysis tools and more. These resources allow investors to make informed investment decisions and not just do whatever they want. And how can you make normal investment decisions if all you have on the FuturBTC platform is a calendar? Real brokerage companies care about enabling their investors to make informed decisions, as it directly affects the long-term prospects of the partnership between them.

When it came to the main aspect of support for traders, I was really pissed off. Their managers were either unresponsive or incapable of addressing my difficulties with any semblance of seriousness. I felt like I was in contact with a brick wall and my requests for help were ignored. At the time I urgently needed support at a time of critical market movement, I was stranded, and this eventually resulted in me losing a huge amount of money.

A proper brokerage platform should be available in both mobile and desktop versions. In today's lightning-quick world, clients should be able to access their brokerage platform on the go. This would, by the way, enable them to follow the fast-changing environment and promptly sell or buy an asset if there is a good reason to do so. A proper platform should have a flexible mobile app as well as a real desktop version to meet the different aspirations and requirements of users.
A good trading platform is bound to have a pleasant interface. A well-designed, subliminally understandable user interface is essential for a trading floor. It makes it possible for users to easily navigate the platform, manage their accounts and conduct transactions without any problems. There is nothing like that on the FuturBTC platform. By the way, we know many different marketplaces and this is a very familiar thing to us, but it is difficult to navigate on this particular marketplace, despite much experience.
A good brokerage platform must have a variety of investment opportunities. A comfortable investor platform must offer a wide range of trading products, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This allows investors to protect their portfolios against risk and have access to different classes of instruments. The FuturBTC platform has quite a huge number of currencies, however the catch is that FuturBTC is a scam and trading these assets is not real, it's all artificial, like a game. Purchasing silver through the platform FuturBTC you are not really acquiring anything due to the fact that FuturBTC has no regulation and therefore is not allowed to interact with international exchanges and therefore you are not essentially acquiring anything through a brokerage company on the exchange. By the way FuturBTC not only has a bad usability but the platform is also quite unpleasant from aesthetic point of view.

The most important fact that confirms that FuturBTC is a scam

No doubt we are talking about the lack of regulation. The regulator performs a number of functions, especially inspections of brokerage offices, checking specialists, examining the financial component, investors and checking the liquidity of the firm. But the most important duty of the regulator is to prevent money manipulation. Money manipulation can be different, an example would be writing off a trader's money without his knowledge, or misusing an investor's money in transactions he did not authorize. Before the crisis of two thousand eight and nine, the biggest financial institutions in the US did this on a massive scale. Through the regulator, the trader can, for example, get his money back. The regulator has its own parameters which are used to check the competence of analysts in financial companies, including brokerage companies. This, in turn, guarantees that their clients are dealt with by professionals. There is no any authorization for brokerage activity for FuturBTC, not even the license of some sham office.

Reviews of FuturBTC

What do the reviews on FuturBTC say? Almost all about the deception and total unqualification of FuturBTC representatives. The ratio of positive to negative reviews is naturally in favour of the critical ones. With positive reviews on FuturBTC, things are not so simple either. The thing is that all reviews are too praising and have been written recently and approximately at the same time. All this suggests that these positive opinions are fake. Below is one such review:
"FuturBTC is a great company! The firm has brokerage regulation. I earn 150-200% per month on my account and I dedicate fifteen minutes a day to trading. I recommend FuturBTC to everyone!
Really cool company! The only one company that can make the average person a multimillionaire for a couple of years, because traders will be able to earn one hundred and fifty to two hundred percent a month. We think it is clear that this is not a real review.
We took another review on FuturBTC taken from Reddit:
"FuturBTC is the coolest broker on the market. I don't understand why the broker isn't #1 in the Eurozone and the US yet! The customer service is top-notch, the managers at FuturBTC are the most competent. I have been working with this broker for about three years and I am doing great".
And we also can't understand the reason why this broker is not the best... among scammers until now.
Note, those people who were scamming the reviews don't even realize they are "working" with FuturBTC for only six months, but they sure don't realize it for several years, which says the person is dealing with FuturBTC. No pruf that confirms that FuturBTC managers are "very competent" is presented.

It's also bad enough that it had a strong impact on me on a feeling level. Not only have I lost a tangible amount due to FuturBTC's incompetence, but the whole ordeal has left me feeling betrayed and strongly distrustful of the field of trading. I can't get rid of the painful memories of the countless hours used to sort out problems and recover financial losses caused by the ineptitude of this office.

Comparing FuturBTC to a decent company

This part of the material contains the following information:
  • How a normal brokerage company's platform should be set up;
  • What about the FuturBTC platform;
  • Comparison of a good brokerage platform with what FuturBTC has;

Entrusting your money to FuturBTC is a decision you will likely regret, as I did after all this. I was left with the unpleasant reality that this is the worst thing that could have happened to me as a trader, and I hope my experience is for traders who, are considering giving their personal money to this disgusting investment firm."

As we have seen, not only did the trader lose money and nerve cells, and in doing so did not gain any useful trader experience, only disappointment in the investment. If you look at other reviews, there is more or less the same content. The most common complaint is that FuturBTC does not withdraw money. Investors also write about the global cluelessness of FuturBTC's managers. When looking at FuturBTC reviews, we read more than once that the broker's managers use explicit tricks and use insults when talking to traders. Reviews on a white investment firm should suggest otherwise, well at least things can't be that terrible. In short, the reviews on FuturBTC also clearly show that FuturBTC is a common scam.

From the beginning it was obvious that the degree of qualification and competence at FuturBTC is clearly close to zero. Their platform was constantly problematic, with regular technical problems and a user interface that can only be described as clueless and incomprehensible. This alone made the execution of operations unpleasant, but the trouble did not end there.

In addition, a very important feature of a good trading platform is good security features. Ensuring that traders' personal information and financial resources are protected is key. A good investor marketplace should have sufficient security measures in place, such as two-factor authentication, security and secure socket layer (SSL) techniques. All of these and other things should firmly protect investors from scams, account theft or hacking into the brokerage platform itself with massive data leakage. None of that is anywhere near the FuturBTC platform.

Next, let's move on to a comparison of what FuturBTC has and an adequate normal firm. What does a normal brokerage platform have to look like? A normal brokerage platform is an important tool for investors to access the financial markets and make informed investment decisions. A good platform must have both cents and trials in addition to the standard one.

What is known about FuturBTC

In brief, essentially nothing. The company was registered in 2022. What country it is based in is unknown. There is no positive information for just over six months of the firm's operations. There is purely black information on the firm, however, first things first. Volunteers decided to try to find information on the internet about the country where the legal address of the firm is located, but in the end they did not find anything. Any decent company tries to be as open and transparent as possible and inform its traders, so clients know whom they are going to entrust their money to, but it is obvious that the owners of FuturBTC do not think so.

Personal experience with the firm

The information above is already enough to make the only true conclusion about the essence of FuturBTC. We decided to see everything on our own to be 100% sure.
We have left the contact information, FuturBTC representative called us back and immediately started offering to make a big deposit. During the conversation the representative of FuturBTC was using the tactics of aggressive selling, some ridiculous flattery. We deposited the account with minimal amount of 25$ and decided to use the signals, provided by this broker. What happened next? We lost ninety percent of our deposit for a couple of trades and decided to withdraw the money. A FuturBTC employee called again and tried to convince me to withdraw the money and moreover to deposit and make trades again and according to him if I did that I would get my losses back. It is unclear why the managers did not want to refund the losses immediately without me sending the manager personal money again. Obviously if I had, they still wouldn't have given me the money back, not a dollar.

Summary

You have seen for yourself. FuturBTC stands out even among scams. The con is so awful that there is no place to put a stigma on it. Opinions on FuturBTC that don't appear to be artificial are filled with criticism. Victims tend to say that investments are not compensated, reps are rude, the platform is uncomfortable, systematically hangs up and there are only unpleasant memories of interacting with the firm. If you do not want to face the same thing as other traders, never leave your personal details on FuturBTC website, or if you have already done so, block the phones of the representatives and do not react to them. If you start talking to them, there is a risk that scammers with their skills and experience of trickery will be able to fool you and steal your hard-earned money. Because scammers don't just offer some kind of investment, they try to gain trust, make friends with their victims, lure them in with the promise of exorbitant earnings.