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This material contains the following information:

• What is known about BitWest Group;
• Undeniable evidence that BitWest Group is a scam;
• Secondary indications that BitWest Group is a scam;

It's also bad enough that it had a meaningful impact on me on an emotional level. Not only did I lose a tangible amount due to BitWest Group's fecklessness, but the whole incident has planted an aftertaste of betrayal in me and a lasting distrust of the investment industry. I can't escape the unpleasant memories of the dozens of hours dedicated to sorting out the problems and recovering the financial losses triggered by the fraudulent nature of this firm.

As we can see, not only did the person lose money and mental health, and in doing so did not gain any positive trading experience, only disappointment in the investment. If you look at other reviews they have basically the same content. The most common thing they say is that the BitWest Group does not give back investments. Traders also talk about the total unqualification of BitWest Group's managers. When we studied the reviews of BitWest Group we also repeatedly read the information that BitWest Group managers allow themselves obvious tricks and insults when speaking to investors. Reviews on a white brokerage company should suggest otherwise, well at least things can't be that bad. In short, the reviews on BitWest Group also clearly show that BitWest Group is an obvious scam.

What was said before is already enough to make a correct conclusion about the essence of BitWest Group. We made our decision and checked everything personally to be 100% sure.
We passed the registration, we got a call back from BitWest Group employee and immediately started offering to make as {much} money as possible. The manager of BitWest Group used the method of aggressive selling and some ridiculous flattery. We deposited the account for the minimum amount of 25$ and tried to try tips which this broker puts up. What happened next? We lost ninety percent of the money in a couple of transactions and decided to return the money, but we were never redeemed. The manager of BitWest Group called again and tried to dissuade me from withdrawing the money and moreover to refill the account once again and open trades and according to him if I did that, I would be compensated for the loss. At the same time it is unclear for what reason they did not refuse to reimburse the losses without any additional deposits, without me giving the manager some more personal money. It is not hard to understand that if I had done so, they still would not have refunded the money, not a dollar.

Initially it was clear that the degree of skill and competence at BitWest Group was clearly almost nil. Their platform was always unreliable, with constant technical problems and a user interface that can only be described as clunky and incomprehensible. This alone made executing transactions nerve-wracking, but the problems did not end there.

Entrusting your personal investments to BitWest Group is a decision you will surely regret, as I have at the moment. I have faced the bitter reality that this is the worst thing that could have happened to me as an investor, and I think that personal experience marks a stopper for traders who, are considering the decision to entrust personal money to this unfortunate brokerage company."

What should also be present on the platform of a normal broker? Research tools! The trading floor is obliged to provide clients with access to research tools and resources. These can be financial news, analyst articles, broker financials, technical analysis tools and more. These tools allow traders to make informed investment decisions and not just do whatever they want. And how can one make sound investment decisions when all BitWest Group has on its site is a calendar? Real brokers care about enabling their clients to make well-informed decisions, as this directly affects the overall outlook of the partnership with each other.

Also an extremely important feature of a good brokerage platform is reliable security features. Ensuring the security of personal information and customer funds is of paramount importance. A good brokerage platform must have good security measures in place, such as two-factor verification, encryption and secure socket layer technology (SSL). All of these and other things should reliably protect customers from fraud, account theft or hacking into the brokerage site itself with massive data leakage. None of this is anywhere near the BitWest Group platform.



What happens in a situation where you or someone else ignores all the facts stated in this article and decides to try and collaborate with BitWest Group? Let's imagine this. Let's take a review on BitWest Group from the Reddit forum:
"I am leaving this review to share my unpleasant experience with BitWest Group and to warn potential victims before they even consider entrusting their personal hard-earned money to this firm. In my years of trading experience I have never dealt with a worse brokerage firm, and it has left me with a bitter taste in my mouth and a significant drop in confidence in the industry as a whole.

A quality investor platform should have a pleasant interface. A well-designed, intuitive user interface is essential for a trading platform. It ensures that investors will be able to navigate the platform, manage their accounts and make trades without difficulty. There is nothing like that on the BitWest Group platform. By the way, we know a lot of different platforms and it is quite a familiar thing for us, nevertheless it is hard to navigate on this particular platform in spite of the vast experience.
A good investment platform should have a variety of investment tools. A good investor platform must provide a wide range of trading solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables clients to protect their portfolios against risk and gain access to different categories of instruments. The BitWest Group platform has a fairly large number of assets, yet the catch is that BitWest Group is a scam and working with these instruments is not real, it is all virtual, like in a game. Buying gold through the BitWest Group you are not really acquiring anything because BitWest Group has no regulation and therefore is not allowed to cooperate with the world stock exchanges, so you are not really getting anything through a brokerage company on the international market. By the way the BitWest Group not only has a bad usability, but the platform is also quite ugly from aesthetical point of view.

Now let's move on to the comparison of what BitWest Group gives and an adequate middle office. What does a good brokerage platform have to look like? A good brokerage platform is a key tool for traders to access global markets and make smart investment decisions. A good platform must have both cent and demo accounts in addition to a basic account.

A good investment site must have both mobile and desktop versions. In today's fast-paced world, traders must be able to access their brokerage accounts on the go. This would, for example, allow them to follow a rapidly changing environment and instantly sell or buy an instrument if they have a compelling argument. A good marketplace should have an adaptive mobile application as well as a real desktop version in order to meet the different aspirations and demands of investors.

What do the reviews on BitWest Group say? Purely about the scam and general incompetence of BitWest Group's managers. The ratio of positive to critical opinions is naturally in favour of the negative ones. It's not all that simple with good reviews on BitWest Group either. The problem is that all of them are overly praiseworthy and are made recently and at approximately the same time. All this indicates that these positive reviews are fake. Read one of these reviews:
"BitWest Group is a great organization! The company has a brokerage license. I earn 250-300% per month of the amount in my account and I spend fifteen minutes a day on trading. I recommend BitWest Group to everyone!
Really cool firm! One such company that has the ability to make the average trader a multimillionaire in a few years, because trader will earn 150-200% every four weeks. We believe that it is already clear that this is a fake review.
We took another review on BitWest Group taken from Reddit:
"BitWest Group is the coolest broker in the world. I can't understand why it's not #1 in Europe and America yet! The services are top notch, the analysts at BitWest Group are the most qualified. I have been working with them for almost three years and I am doing well."
And we too are at a loss as to why the broker in question is not the best... among scammers until now.
Note that those people who were scamming reviews aren't even aware of BitWest Group's existence for about six months, but certainly not for several years that this character has been doing business with BitWest Group. Any kind of pruf that confirms that BitWest Group's analysts are "the most competent" is not presented.

Of course it's about the lack of regulation. The regulator has a number of functions, including inspections of brokerage offices, inspections of firm representatives, monitoring of financial statements, traders and control of the solvency of the firm. But the most important duty of the regulator is to prevent money manipulation. Financial fraud can take many forms, one of them being the withdrawal of a trader's money without his approval, or the misuse of a client's money in transactions he has not consented to. Shortly before the 2008-2009 crisis, the biggest banking structures in the US did this on a massive scale. You can, for example, get your money back through the regulator. The regulator has its own rules according to which they confirm the qualifications of the managers of financial structures, including trading companies. This, in turn, ensures that real professionals will cooperate with their investors. The BitWest Group does not have any regulation, not even a permission to brokerage activity from some non-existent state structure.

As it was written above, BitWest Group and its managers are not exempt from aggressive selling, insults, being extremely careless and using marketing tricks like promises of huge earnings and inflated reviews. There is no legal information on the BitWest Group website, not even a public offer agreement, but documents confirming the company's regulation, registration data and probably some awards are required. In search the situation is similar, as with the reviews, they are all boilerplate. The fact that BitWest Group does not withdraw funds is a common feature of scams. The representatives of BitWest Group also like to send bad signals that not only make you no profit, but on the contrary, all the investments are lost. Scammers often send such signals to get profits and higher commissions, although this is more likely to be true for consultants of white brokerage companies that engage in fraud in this way. But BitWest Group's overly frequent platform failures are also a clear indicator of a scam.

In a nutshell, practically nothing. The firm appeared last year. Where exactly it was set up is unknown. There is no credible information for just over half a year of the company's existence. There is purely negative information about the company, but first things first. We tried to find information on the internet about which country the legal address of the company is in, but in the end we got nothing. On the contrary, a serious firm tries to be as open and transparent as possible, to bring its own clients up to date, so they understand whom they want to give their money to, but as we see, the BitWest Group owners don't think so.

When it came to the key aspect of support for traders, I was really pissed off. Their managers were either unresponsive or unable to address my concerns with any semblance of seriousness. I felt like I was talking to a brick wall and my requests for help were being ignored. At the time I promptly needed help at a time of strong market movement, I was stranded, and this eventually resulted in me losing a large sum of money.

This excerpt of the article contains this information:

• How a normal brokerage firm's platform should be set up;
• What about the BitWest Group platform;
• A comparison of a good brokerage platform with what BitWest Group has;

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You've seen it all. BitWest Group is different even among scams. The con is so awful that there is no place to put a stigma on it. Opinions on BitWest Group that don't seem to be rigged are overflowing with criticism. Victims tend to write about money not being refunded, managers being rude, the site being uncomfortable, systematic glitches and only bad memories of trading with the firm. If you do not want to have the same thing that happened to other traders, in no case do not even leave your personal data on the website of BitWest Group, or if you have already done so, immediately blacklist the managers and do not react to them. If you do start talking to them, there is a risk that scammers with their skills and experience of trickery will be able to wrap you around their fingers and steal your hard-earned money. After all, scammers don't just offer investment solutions, they try to gain the trust of their victims by befriending them and enticing them with the promise of exorbitant profits.