FuturBTC Review – Can futurbtc.com Forex Broker Scam You?

FuturBTC Registration

The website seemed to be filled with mundane praises aimed solely at promoting the company, providing unreliable information. This approach appears to cater more towards newcomers who are accustomed to promotional texts without offering substantial and verifiable facts. Unfortunately, for individuals with prior experience in dealing with brokers, the lack of substantial information is a significant drawback for FuturBTC.

Despite the allure of the futuristic trading platform FuturBTC, caution should be the order of the day. While it touts itself as a credible, UK-based entity offering seemingly attractive trading conditions such as 200:1 leverage, low spreads, and a state-of-the-art trading platform, it’s wise to remember that not all that glitters is gold.

In the highly regulated world of forex trading, the legitimacy and trustworthiness of your broker can make or break your investment. Given this, it’s recommended to steer clear of FuturBTC. Although it packages itself with appealing features, the platform has been shrouded in controversy and lacks the critical endorsement of regulatory authorities.

Even the company does not hide it. On its website, on the tab “Regulation”, the broker says that it still has not received a license, but is waiting for it to happen. But will it happen?

Legal Information and Legitimacy

On the “Contact Us” page, you can find the company’s supposedly legal address in the UK. This means that the broker must have an FCA license. A crucial point of concern with FuturBTC lies in its claimed UK-based operations. As is standard, any financial service provider operating in the UK should be under the regulatory purview of the UK Financial Conduct Authority (FCA). When investigating FuturBTC’s regulatory status, it appears they are conspicuously absent from the FCA register, raising serious questions about their legitimacy.

Verifying this information through the country’s registry revealed only one matching company. However, a significant issue arises as BTC Future Ltd was dissolved in 2021. It becomes evident that this broker lacks the necessary licensing, raising further doubts about their legitimacy.

But! If you check the information about the domain, it becomes obvious that FuturBTC is a relatively new player on the market. The official website was not created until March 1, 2022. The conclusion is that the broker pretends to be another company, which, moreover, does not conduct any activity anymore.

FuturBTC Account Types Review

As stated on their main page, the initial step in opening an account with FuturBTC involves choosing an account type. The broker offers a total of seven different account types, each differing in terms of additional services and minimum deposit requirements. It’s rather surprising that reaching Bronze status would necessitate a minimum deposit of 10,000 euros—a relatively high threshold, wouldn’t you agree? Interestingly, contradicting their own claim, FuturBTC mentions in the “FAQ” section that you can start trading with the broker for as little as $250. Additionally, if you were to deposit a substantial sum of one million euros for the VIP account, you would gain access to market reviews, webinars, trading rooms, and even a single risk-free trade. However, one might question the necessity of these functions if you already possess a million dollars.

Also, the leverage offered by FuturBTC is communicated to clients as being variable, depending on the chosen account type, and can potentially reach up to 1:200. This information raises immediate concerns regarding the broker’s lack of a reputable license.

Additional Options

It is essential to address the fact that FuturBTC claims to have a partnership program, yet they conveniently omit any specific details regarding its terms and conditions. Furthermore, they casually mention providing educational resources for beginners, but upon exploring this section on their website, it becomes unclear who would actually benefit from it.

When considering services like market analysis and webinars, let’s be realistic – experienced traders who provide superior guidance typically charge significantly less than a million euros. Depositing such a substantial amount solely to be directed into the markets by an anonymous group of pseudo-analysts is entirely unnecessary.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Unicorn FX, QuoMarkets, Berry Markets.

What Should I Do If I Am Scammed by FuturBTC?

Taking action against these scams on your own may feel overwhelming, but you are not alone in this fight. We strongly urge our readers to reach out to our dedicated staff. The more evidence we gather, the more swiftly we can work towards recovering your money.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

If you or someone you know has fallen victim to such scams, please contact our team. Our online chat service ensures a prompt response and provides a free consultation. Remember, it is crucial not to lose hope. Acting quickly increases your chances of reclaiming your funds.