Webullbit
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
Webullbit crypto broker review – trading conditions and real reviews
The company claims to provide safe and reliable cryptocurrency trading services with low spreads and commissions.
| Status |
SCAM |
| Year of foundation |
2023 |
| Affiliate program |
No |
| Regulation and jurisdiction |
No |
| Website |
webullbit.com |
| Contacts |
No |
- Over 9,000 instruments and assets, including cryptocurrencies
- There is a mobile application
- Complicated registration procedure
- No information about legal documents
- Negative feedback online
- No information regarding terms of trade
- No contact information
| Trading Platform |
Webullbit Platform |
| Currency |
USD, EUR |
| Deposit/withdrawal |
Credit cards Visa/Mastercard/Maestro, electronic wallets, international payment systems, WireTransfer |
| Financial Instruments |
Currency pairs, cryptocurrency, indices, commodities, precious metals, shares of large international companies, energy |
| Mobile Trading |
Yes |
| Order Execution |
Unknown |
| Bonus |
Welcome Bonus |
What is known about the company
Crypto broker Webullbit has been accepting investments in the project since the end of 2023. He launched his activities on the webullbit.com platform. A detailed examination of the broker’s service reveals many alarming facts. The founders of the project claim that they provide high liquidity through partnerships with the largest specialized companies, but do not disclose their names, which raises doubts about the reliability of the statement. Promises of controlled losses and maximum profits seem unrealistic, especially given the volatility of the cryptocurrency market.
The lack of transparency in regulatory and licensing matters is a wake-up call. By not providing information about legal status, permits and supervisory authorities, the company confirms its unreliability.
Trading conditions and platform tools
The crypto broker attracts attention with promises of high income and low commission fees. Its management announced high liquidity, flexible leverage, and support for various types of index contract transactions. Some of the advantages that the Webullbit administration talks about look absurd. They claim the opportunity to open long and short positions. If you consider that every broker has them, then the target audience of scammers becomes clear. These are beginners who are not in the know, classified as lovers of easy money, who do not understand the principles of stock trading at all.
The crypto broker offers its clients access to more than 9,000 trading instruments and assets. At the same time, Webullbit offers to register a personal account using a very complicated procedure. Does the broker have tariff plans, what are their conditions and what is the minimum contribution amount – there is no information about all this on the portal. Obviously, you need to contact managers personally for them, since this is one of the tricks of the scam, aimed at organizing personal contact with potential victims.
Exposing a crypto broker: signs of fraud
The Webullbit administration does not fully disclose information. It seems that the scammers have not fully thought through the conditions under which they will provide services. Fraudsters attract people through thematic forums and websites by offering favorable conditions and cash bonuses. The managers’ task is to get the victim to replenish the account. To do this, they use all their skills of psychological influence on the subconscious.
After forming a deposit, the investor begins to trade on the platform, and at this time the scammers tweak it in order to falsify the results of the trader’s work, show him that he can make good money in the project and begin to convince him of the need for further investments. Having got the investor to replenish the account, they begin to work according to the scam scheme in order to keep their victim in the dark for as long as possible:
- twisting of the terminal and its braking, as a result of which unprofitable transactions appear;
- writing off commissions, fines, taxes and other payments, which significantly, and seemingly justifiably, reduces the size of the deposit;
- theft of personal data and their use for personal gain;
- blocking of a money account with the possibility of restoring access after fulfilling the conditions;
- accusation of violating the rules of cooperation and blocking of the profile – carried out at the final stage of cooperation;
- inability to withdraw funds – Webullbit’s official website does not contain a corresponding button, and applications for financial transactions sent through the internal support are ignored.
The crypto broker is in partnership with credit institutions. He refers his clients for loans, thereby expanding his opportunities for enrichment. The trader still drains the borrowed funds, which go into the pockets of the swindlers, and from their partners the swindlers receive a percentage for the attracted client, who, after losing money, will have to look for ways to pay off his debts.
If you find yourself in such a situation, do not put up with losses, seek help from lawyers. They will help resolve the issue of returning money in the format of forced collection from the fraudster’s accounts.
Customer Reviews
There are negative reviews about Webullbit. Experienced investors put their beliefs in the comments about the imminent scam of the project. It was impossible not to notice the broker’s appearance on the financial market – the advertisement attracted their attention, but did not make them believe in the sincerity of their intentions to help traders make money.
Real clients of Webullbit lost money in this project. They simply could not withdraw them – no one responded to the applications. The support stops responding to investors immediately after expressing their intention to withdraw funds from the project.
Here is a vivid example of a review from the site trustviper.com, in which a former client of the company complains that he was unable to withdraw money; technical support does not pay attention to his requests.
Conclusion
Despite the wide range of trading opportunities offered, investors should exercise extreme caution when considering a company for investment. The review conducted on Webullbit indicates the unreliable status of the crypto broker. Lack of transparency and false promises, especially in light of the absence of important information on the official website, indicate potential risks for customers. Alarm bells also include:
- lack of a logo, information “about us”, about the management and its team, contact information, information about the date of foundation of the company, telephone number and personal account – all this should be available from a licensed broker;
- unregistered business status and conducting unregulated activities;
- negative feedback from clients;
- lack of information about trading conditions and methods of conducting payment transactions;
- simple site interface, tailored according to a free template;
- lack of feedback;
- aggressive marketing methods – annoying calls, spam mailings, which are a sign of a scam.
It is impossible to work in the real market without risks. The broker’s promise to get rid of them should in itself repel the investor. Many factors cast doubt on the reliability and security of the Webullbit platform. Missing key information and not meeting basic standards for licensed brokers indicates potential fraud.
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FAQ
The client’s financial result depends on the correct choice of the financial platform. Customer opinions reflected in reviews become key factors when making cooperation decisions. You can read comments about work in the Webullbit project on the company’s official website.
You can tell the story of your cooperation with Webullbit in a review on the Rating Forex website. This opportunity is provided after registration in the project. The process will not take you much time – fill out the form by entering your login and email address and confirm your email by clicking on the link in the message that came to your email.
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Expert opinion
When looking for a broker to make money on crypto, you should be wary of newly opened companies. They have favorable terms of cooperation and a bright advertising campaign – after all, they need to somehow attract clientele. However, these factors do not guarantee that such partnerships will end happily and profitably for the investor. There are a lot of scammers on the market and you are more likely to encounter them than a legitimate company. You can weed out unreliable brokerage service providers by checking whether they have a license. The activities of a potential partner should be regulated by supervisory authorities, which will help protect the interests of the investor and his savings in case of problems.
If everything is in order with the permitting documents, you need to familiarize yourself with the terms of cooperation, analyze the trading rules and all aspects of the broker’s work. If information is scarce or unclear, it is better to refrain from cooperating with the company and look for other, more reliable options. After all, safety and investment protection should come first when choosing a crypto broker.