Is Bitsoft 360 A Legit Broker? Read Our honest Review

Is Bitsoft 360 Legit or Scam?

No, Bitsoft 360 is a pure scam. Here are the red flags based on which we are saying this:

• Fake address and lack of transparency: The provided Singapore address belongs to a shopping mall, and Bitsoft360 is not registered with any financial regulatory bodies.

• Negative user reviews: Trustpilot reviews point to nonexistent customer support, an unreliable platform, hidden fees, and unfulfilled promises.

• Unrealistic claims: Guaranteeing high success rates with a trading bot is unrealistic and a common tactic of crypto scams.

• High minimum deposit: Requiring a $250 minimum deposit just to see the platform is suspicious, especially considering legitimate platforms offer lower fees.

• Unclear information: Bitsoft360 lacks transparency about fees, trading instruments, withdrawal processes, and legal documents.

Company Overview

Services or Products

Bitsoft 360 claims to offer a crypto trading bot with an unrealistic 98% success rate. However, no evidence supports this claim, and the platform itself is shrouded in secrecy.

If you have lost money to companies like Bitmex, or Tixee; please report it to us on our report a scam form.

Trading Platform & Leverages

Information about the trading platform, including available assets, leverage options, spreads, and commission fees, is entirely absent from the website. This lack of transparency is a major red flag.

License and Regulations

Bitsoft 360 is not licensed or regulated by any recognized financial authority. This means there’s no legal recourse for users who experience losses or scams on the platform.

Legal Warning Against Bitsoft 360

Regulatory bodies in Canada, Autorité des Marchés Financiers (AMF) (Quebec) and CSA, have issued warnings against Bitsoft 360’s parent company, CryptoWorks Funnels LTD. This further solidifies the platform’s fraudulent nature.

Deposit and Withdrawal Methods

Bitsoft 360 doesn’t disclose its deposit and withdrawal methods or fees. This lack of transparency raises concerns about potential hidden charges and the difficulty of retrieving funds.

Bitsoft 360 Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky?

Unlicensed brokers operate outside the legal framework, putting your funds at significant risk. They are not subject to the same oversight and consumer protection regulations as legitimate brokers. This means:

• Your funds are not guaranteed in case of company failure or fraud.
• You have no recourse if you experience losses due to platform malfunctions or unfair practices.
• You may be exposed to manipulation, hidden fees, and other unethical practices.

Client Feedback

Reviews from real users paint a grim picture of Bitsoft 360. They highlight issues such as:

• Non-existent customer support
• Unreliable and clunky platform
• Hidden charges
• Fake promises and unrealistic returns

How Can “ReviewsAdvice” Help You If You Get Scammed?

While “ReviewsAdvice” cannot directly help recover lost funds, they provide resources and guidance to help you:

• Understand your rights: Learn about the legal framework surrounding online scams and potential avenues for recourse.
• Report the scam: Inform relevant authorities and consumer protection agencies to help prevent others from falling victim.
• Seek legal advice: Consult with a lawyer specializing in financial scams to explore legal options for recovering your losses.

We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.