Is Bitlerz Authentic or a Potential Fraud?
While one would anticipate a renowned platform like bitlerz.com to function under a proper regulatory framework, it appears no recognized regulatory body, including the FCA, BaFin, or ASIC, has given them a green light.
Given this regulatory void, it’s hard to take any of the platform’s commitments at face value, especially when there’s opacity surrounding its ownership. In essence, Bitlerz operates without stringent obligations, so brace yourself for potential uncertainties.
Who Has Bitlerz Targeted?
The platform seems to have initiated multiple domains concurrently. Data from who.is indicates Bitlerz’s inception in April 2023. The primary regions on their radar appear to be:
- France
- India
- Italy
- Pakistan
- Belgium
If you’ve been adversely impacted by Bitlerz or similar platforms they may operate, like bittup24.com or xafexbit.com, reach out for guidance on potential refunds. To gain insights on sidestepping such pitfalls, consider exploring our FXpremium analysis.
Feedback from Traders
A red flag for Bitlerz is its limited and predominantly negative reviews on Trustpilot. A mere glance reveals the overwhelming mistrust towards this platform. With a limited sample of 8 reviews, almost half are alarmingly negative.
There are speculations about Bitlerz resorting to dubious software to compromise user data. Engaging with unlicensed entities is risky, but if you’re caught in a bind, our team can provide consultation on possible refunds.
Fee Structure
Bitlerz has bifurcated its fee structure into standard and premium categories. Regular transactions have both maker and taker fees pegged at 0.2%. In contrast, premium users enjoy a slightly reduced rate of 0.14%. However, when juxtaposed with other licensed platforms offering more competitive rates, the difference is negligible.
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