BidderProfits (bidderprofits.com) claims members will start profiting immediately from their platform. The platform offers several options, including crypto mining and trading. Forex Trading is their most significant selling point, with the platform offering major and minor currency pairs. However, a lot has to be said about the elephant in the room. Withdrawing funds with Bidder Profits is next to impossible. Get to know more in our exclusive BIDDERPROFITS REVIEW.
According to their about us page, BidderProfits claims to be one of the leading brokers. The platform suggests they have been running the platform for over six years. 2014 is the date the platform claims to have started its operations.
From what we can see, these are false features meant to throw off investors. No one has profited from the platform. Instead, investors are scared the platform might sell their banking information to third parties.
The platform is failing to respond to emails from members. Emails concerning withdrawals go without any response. It seems the platform has decided to go silent on the matter. And this is the reason we must expose the platform.
You should invest in real trading platforms that offer real results. Go for trading platforms that ensure all parties adhere to strict regulations. We recommend using creative means of investing such as coin staking and Masternoding.
Bidderprofits is only taking investors for a ride. The platform doesn’t comply with regulations, thereby putting your funds at risk. And this is the reason why we must expose the platform. Several reasons make Bidder Profits a high-risk investment firm.
Before you embark on any trading venture, your first step should be doing thorough research. Make sure you find out everything there’s to know about the particular platform. And this will help you make a better understanding of what’s on offer.
BidderProfits offers four investment plans for investors. Unfortunately, these plans don’t have any notable features as the platform tries to hide them. The features found on the platform include Starter, Premium, Master, and Pro.
Here’s a closer look at each of the four available accounts;
Starter
It’s the account that the platform claims is best suited for junior traders. The maximum you can deposit with the starter account is $999. There’s no other information relating to this account or available features.
Premium
For the premium account holder, the platform insists on a deposit of $1,000. As a result, the maximum you can deposit with the platform is $2,499. In addition, with the premium account, pro traders are invited to use the copy trade feature.
Master
The master account is for expert traders. There’s a minimum required deposit of $2,500 and a maximum of $5,499. It’s unclear whether the account offers any form of copy trading or crypto mining features.
Pro
As the name suggests, this account is the most exclusive account of them all. Expert traders can use copy trading. However, we are not sure whether junior traders can access these trades and use them.
The lack of any information regarding leverage and spreads is still a huge problem. Therefore, you should sign up with a platform knowing all available features. Without these features, the platform could impose harsh trading conditions.
Bidder Profits allows investors to trade with five major trading assets. These instruments include commCryptos, Crypto, forex, indices, and shares. So, for example, you can trade leading commodities in the energy sector and manufacturing sector.
When it comes to Crypto, the platform deals with 20 leading crypto assets. These include bitcoin, Ethereum, Litecoin, Ripple, and more. Moreover, you get to trade these cryptos with leading currency pairs such as EUR and USD.
You can trade forex with major and minor currency pairs. With forex trading being at the core of the platform, it is sad there are no features. The platform ought to set acceptable features such as leverage and spreads.
Regulators have put a cap on sufficient leverage and minimum deposit. The acceptable minimum deposit for forex trading is $250. When it comes to leverage, the industry puts a cap on leverage at 1:100.
In the United States, things are done differently. The regulator wants to protect investors from losing large chunks of funds. So there’s maximum leverage capped at 1:50 for retail trades. With fair leverage, all traders get an even trading field.
BidderProfits is not a regulated platform and doesn’t offer any documents to prove compliance. Without any regulatory framework, bidderprofits.com is free to operate as they wish. And this means having to impose harsh trading conditions.
It would be best if you protect your investments by signing up with regulated platforms. These platforms adhere to trading rules and guarantee the safety of funds. Go for platforms that enjoy the backing of regulators.
Commendable regulators include ASIC, BaFIN, CFTC, CNMV, CONSOB, and CySEC. Other reliable regulators include FCA, FINMA, FMA, NFA, and the SEC. Regulators ensure all parties enjoy fair trading conditions.
Bidder profits don’t offer any documents to prove their compliance. The only records we see are our terms and conditions. Even the terms put all liability on the members, which is unfair.
Despite claiming to reside in the UK, these are false claims. The Company House UK doesn’t have an entity registered under such a name. Even the official regulator, the Financial Conduct Authority, doesn’t have such a licensed platform.
We also don’t get to see any names mentioned on the platform. Anonymity is a risky feature that you must strive to avoid. There are no names of the CEO or CFO of the platform. You should know who is held responsible for funds.
To make the platform appear legit, the platform posts several testimonials. These are stock images that anyone can download. None of them comes with definitive proof of withdrawing funds from the platform.
One must-have feature in a genuine trading platform is fast communication. We recommend using platforms that offer live chats with representatives. The platform also ought to provide a phone number in case members want to call.
What we see is a corresponding email with the response time being 48 hours latest. It’s clear as day the platform wants to control the communication channels. The platform can easily reach out and also block you from contacting them.
You can only fund your account using Bitcoin and Ethereum for Crypto mining and trading. Forex traders can fund their accounts using bank and wire transfers. However, we don’t recommend it as the platform won’t allow anyone to withdraw.
For the past few weeks, no one has had the chance to withdraw from the platform. And this makes trading with Bidder profits problematic. If no one gets to withdraw funds, it stops being an investment or trading platform.
Your funds are far from safe with a platform without compliance. With several complaints, we suspect the platform is holding funds in an offshore account. And this is the reason why we must expose the platform.
There’s no way we would recommend a platform that doesn’t allow anyone to withdraw. So please stay away from BidderProfits or risk becoming their next victim.
We do recommend using expert-backed investment options with a proven track record. It’s one of the safest ways to invest and trade.
Feel free to leave a comment or write to us.
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