Despite trying to come out as a crypto trading platform, BitVaultGlobal is a cloud mining investment platform. There are a lot of risks that come with this platform, the top of them being withdrawal. The platform doesn’t meet the expected ROI and blocks withdrawals. And this is the reason why we have to blacklist it. Anyone who signs up with Bitvaultpro.com will face serious issues. Please find out more in our conclusive BITVAULTGLOBAL REVIEW.
The homepage has an error that suggests the web layout is a clone. We don’t understand why the platform has a page from CopyFX. These are just but mere issues we found on the platform; there’s more.
There’s no regulation despite them claiming to be fully regulated. For a newbie, navigation is not straightforward. The platform has too much information on the homepage that throws visitors off.
It shows a lack of imagination and professionalism from the platform. And this is one way of knowing that the platform is offshore-based. There’s no professional trading platform that would allow such mistakes to go unchanged.
When investing, you need to have dependable investment strategies that offer realistic returns. And this is why we recommend you try out Coin Staking, DeFi, and Masternoding. These are some of the best ways to invest and earn a decent ROI.
BitVaultGlobal, on the other hand, doesn’t have any strategy. All you get is a platform that claims to help investors double their investment. We all know that investment platforms will do or say anything to get attention.
Before investing in any platform, you need to do some thorough research. First, find out what makes the platform suitable for you. We recommend reading our reviews on Crypto and forex platforms. It will help you make better and informed decisions.
BitVaultGlobal offers three accounts for cloud mining services. As we mentioned earlier, the platform makes no mention of trading accounts. It means users have to give access to the platform to invest and trade on their behalf.
Let’s take a look at the accounts the platform offers for their cloud mining services;
Daily
It’s the most basic account, with the platform promising a daily ROI of 5 percent. The acceptable minimum deposit is $1,000 to $2,999. Members also get an advanced ROI of 50 percent if they deposit $3,000 and above.
Weekly
The second account on offer promises users weekly payouts of 30 percent. Members have to deposit $500 to $999 to get started with this package. For the advanced account under weekly, members must deposit $1,000 to $2,999.
Professional account under the weekly package offers 50 percent ROI. However, you must deposit $3,000 to get started.
Monthly
The basic account under the monthly account comes with an ROI of 140 percent. You can deposit $3,000 to $4,999. There’s an advanced account under the monthly package. Members get a promise of 200 percent with a minimum deposit of $5,000 to $9,999.
Professional account holders under the monthly package get a promise of 220 percent. You must deposit $10,000 to get started.
What the platform does is straightforward, let you deposit and withdraw the first time. The second attempt of withdrawal is when you start getting problems. And this is why we insist Bit Vault Global is an issue.
When trading with their asset, the platform has a set leverage of 1:2000. It’s one of the highest we have seen so far. Trading instruments include Commodities, Crypto, Forex, Indices, and Stocks.
With a leverage of 1:2000, members are bound to lose a considerable chunk of their investment. And this is why regulation is essential. Leverage shouldn’t go as high as 1:100 or even 1:50 for retail traders.
You can trade leading Crypto, such as Bitcoin, against the U.S. Dollar. Forex trading comes with only major pairs. There are no spreading risks with exotic or minor currencies. You can trade international markets such as Dow Jones and Nikkei.
When it comes to stocks, the platform claims to offer leading international stocks. These are stocks from the FAANG group, which are highly sorted after. The only problem is that the platform will trade on your behalf.
BitVaultGlobal is not a licensed entity as there are no documents to prove their compliance. We did a check with the CFTC, NFA, and the SEC. None of these regulators have licensed bitvaultpro.com.
And this means the platform operates with impunity. That’s why they have high leverage of 1:2000. In the States, retail traders are only allowed to leverage as high as 1:50. It goes to show the lack of regulatory framework on the platform.
It would be best if you went for platforms regulated by reputable institutions. These bodies include ASIC, BaFIN, CNMV, CONSOB, and CySEC. Other notable regulators include FCA, FINMA, and the Financial Commission.
These regulators fight to ensure everyone follows set regulatory guidelines. It’s what everyone needs to invest and trade safely. Without any regulation, platforms will take advantage of naïve investors.
Once you make your first initial deposit, the platform offers a 5 percent bonus. Regulators, on the other hand, are dismissing platforms that provide any form of bonus or commissions. These bonuses end up blocking members from entirely withdrawing funds.
You won’t get to withdraw funds unless you pay back in full the bonus amount. Even if the account has enough funds to clear the bonus, the platform insists on a new deposit. And this is what regulators don’t get.
When looking for a reliable investment platform, check and see how fast they make contact. A platform with a live agent is better than one that only offers email. For example, with Bitvaultpro.com, you only receive emails when the platform decides so.
Despite posting a U.S. phone number, the platform is using a virtual service provider. The phone number rarely goes through. We are sure the platform is not even near the United States, leading us to believe.
There are plenty of ways to fund your account with Bit Vault Global. The platform allows bank and wire transfers. You can also fund your account using a Bitcoin wallet provided after registration.
Withdrawing funds from Bitvaultpro.com is another cup of tea. For the past few weeks, no one has been able to withdraw funds. And this is why there’s too much noise regarding the platform. You have to get a miracle to withdraw funds from them.
To try and make the platform appear legit, they claim to have won 4 prestigious awards. These include Best Investment Platform 2019 and Best Investment Product 2019. But, unfortunately, after checking with all award ceremonies in the States, the platform didn’t show up.
It’s a failed attempt to try and make the platform appear legit. These are award logos that have no names engraved. Anyone can download them and have them on their trading website. No staff member is seen accepting these awards.
You should ensure you sign up with platforms that guarantee the safety of funds. These platforms should offer insurance cover for deposits made. The platform should also segregate accounts as dictated by law.
All the above security protocols are not found on BitVaultGlobal. As a result, there’s no way of recovering funds from such a platform.
We won’t recommend a platform that guarantees no security and fails to provide proof of license.
The best option for you is to join reliable investment platforms with a proven track record. You stand a chance of making realistic returns with Coin Staking, DeFi, and Masternoding.
If you have any queries, drop a comment or email us.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments