Bidiv.com is a scam; despite their claims of having a high success rate, BID-IV is not a trustworthy broker. Unfortunately, the results speak for themselves, as the current traders are unhappy.
As it turns out, BID-IV is blocking withdrawals and giving members no reason. And that’s why we must expose the broker.
We have a broker keen on taking complete advantage of members. And that’s how we must move to avoid such cases.
Here’s our complete BIDIV.COM REVIEW.
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The broker claims they gathered a team of brokers in 2019 to start the liquidity service. Who these esteemed brokers or founding members remain a mystery. And that tells us bidiv.com is an anonymous trading platform.
In 2020, the platform claims the number of daily active users jumped to over 10,000 traders. That would be exceptional if only the broker were telling the truth. But, unfortunately, the active clients are less than 500.
There’s a reason the number plummeted, and members were unhappy with the results. It turns out the broker is taking advantage of members. You do all the hard work, and the broker takes the profits earned.
Members don’t even get the chance to withdraw the principal amount. After blocking withdrawals, the broker deletes your account credentials. And since the broker isn’t regulated, clients don’t get any compensation.
And that’s the reason for the BID-IV review. The broker has to be open and exposed since there’s no accountability and transparency. So these are the features the broker wants hidden from the homepage.
You would expect a broker boasting of large profit claims to offer a world-class trading platform. But, unfortunately, that’s far from the case with this platform. So, members get a sorry excuse instead of getting a world-class trading platform.
Traders are using an unstable custom-built trading terminal. The terminal is not often advantageous for those looking to invest in it. And that’s why we must dive in and help expose the store’s rotten platform.
The trading platform doesn’t offer fundamental or technical tools. You also get a nine timeframe instead of a 21 timeframe on the platform. There are a handful of technical indicators, no match to the 50 available on MT4 or MT5.
We recommend trading with platforms that offer much in terms of genuine capabilities. You need to go for trading platforms offering accurate signals. The platform in question fails to provide robots.
MT4 and MT5 are ideal for newbies thanks to the intuitive trading platform. You quickly understand what’s in front of you. Unfortunately, the trading platform bidiv.com is unstable and fails to load all instruments.
There’s no one coming out heaping praise on the platform. Those who do are out of the picture and are the only party to the scam. There’s no proof of anyone profiting from the platform in the last few weeks.
And that paints a grim picture of what to expect with the platform. So please stay away from the broker or risk losing it all.
Bid-IV is not a profitable trading platform. Here’s why;
There are three accounts to choose from with this platform. These include beginner, amateur, and expert accounts. Each account promises something different to members. Let’s take a closer look at the accounts;
Beginner
Minimum deposit with the beginner account is exceptionally high. Members must deposit $1,000 and enjoy maximum leverage of 1:20.
Amateur
There’s an initial deposit amount of $25,000 available on this account. Leverage starts from 1:50, with investors having access to PAMM accounts.
Expert
It’s the most exclusive account, with investors having to deposit $50,000. The broker also targets institutional investors with exclusive accounts. Leverage starts from 1:100.
The broker’s exciting leverage positions drive most users to sign up. Bidiv.com does follow the rules when it comes to the leverage provided. Are spreads fixed or variable? Once you open an account, you get a mixture of both, depending on the account.
There’s a huge red flag concerning the acceptable minimum deposit. Regulators in almost all jurisdictions agree on an acceptable deposit of $250. So any broker asking for more is taking advantage of traders.
Imagine a newbie without prior skills having to deposit $1,000 and losing it all. That’s why we must move to scale down on the broker’s attempt. You need to stay away from this broker or risk losing it all.
With the exclusive expert account, members get a personal manager. These are not actual managers but hired call agents. The agents act as account managers and call you when they have an exciting open position.
They claim you were specifically chosen for the trade to make you feel special. All you have to do is sign up with them and enjoy the ride. After depositing funds, that’s the last you will hear from the broker.
These account managers get the cat’s share of the spoils. The managers get a certain percentage of the funds deposited. Attempts to reach out for help hit a wall. The platform claims the manager is on leave and will be back soon.
You get five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. Commodities include household items such as wheat and sugar.
Members also have access to energies such as crude oil.
Crypto assets include leading coins such as Bitcoin and Ethereum. In addition, there are a few crypto pairs available on the platform.
Forex assets remain the broker’s biggest activity, and a handful of major currency pairs exist. So you won’t get to spread your risks with exotic or minor pairs. That’s how you know the platform is a huge disguise.
Indices available include those from America, Asia, and Europe. Stocks found are from leading companies in the manufacturing and tech industries.
There’s no live chat available on the platform. The broker limits all communication to written form only. You don’t get to talk directly to the broker unless they call you to ask for a large deposit.
Before engaging with any broker, you need to ascertain direct communication. Test the broker and see if they quickly respond to queries. If there’s no direct access to the broker, ignore the liquidity provider.
Bidiv.com is not compliant and fails to offer any direct access to assets. As a result, you get a broker who fails to provide much accountability. The broker is nowhere near perfect and should disgrace the trading community.
We see the broker claiming to operate under the requirements of the FCA. And yet, the broker fails to have a license from any regulator. There’s no proof of certificate detailing the listed phone numbers.
Members get to deposit using bank and wire transfers. However, withdrawing funds from the platform is the biggest hurdle on the platform.
Your funds are far from safe with an offshore and unregulated broker, and please stay away.
It is evident trading with Bid-IV poses a lot of risks. Please avoid the broker.
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