Bullionsassets Review

Bullionsassets logoThe financial markets have become a hot topic in the last few years, particularly with cryptocurrencies involved in the mix. The easy access to trading opportunities have driven many people to explore this space, which means that there is a massive demand for online brokers to facilitate people.


How To Get Your Money Back From Scammers?

Want to get your money back from a scam?
Fill in the contact form on the page in this link and you will be able to get help in recovering your lost funds! You will be walked through the entire recovery process by a representative of a recommended fund recovery service after which a case will be opened for you by a case manager.


Consequently, a number of online trading platforms have been established in the past years, but all of them are obviously not the same. As a matter of fact, they can have major differences, as you will discover in this Bullionsassets review.

There is no doubt that some of the brokerages are extremely professional and offer excellent trading services that can help people enjoy a profitable trading experience. There are also mediocre ones that may not be able to match the quality of top-notch brokers.

However, it is the third category of brokerages that is the most concerning because this is of fraudulent ones. Indeed, there are a huge number of such platforms that exist, which have been launched with the sole purpose of conning you out of their money.

You just need to run a simple search on Google and you will find endless stories of people who have been scammed by such platforms because they fell for their tricks. It can be a traumatizing experience for many because it means losing the money you invest and it also makes people doubt their own capabilities because they were exploited.

But, you have to keep in mind that these fraudsters are very good at what they do and the only way to steer clear of them is to evaluate a brokerage before signing up.

Rather than believing all the tall claims that the brokerage makes to attract you to their platform, you should evaluate their primary offerings to ensure they are up to the mark.

You should do the same with Bullionsassets, one of the companies that will catch your eye. It is offering CFD trading services for a variety of asset classes, including forex, metals, stocks, bonds and commodities. But, is it any good? Read on to find out:

Bullionsassets website

Licensing and regulation

When you are evaluating a brokerage before you open an account with it, the best place to start is their licensing and regulation. Experts would recommend that you opt for a licensed entity because this can minimize the risk of scam, ensure you receive quality services and also give you peace of mind.

This is because a regulated brokerage will have its activities and operations monitored by a third-party organization and this can provide reassurance to those using its services.

Where does Bullionsassets stand in this regard? When you check out its website, you will find that the brokerage claims to be operating from the United Kingdom. This sounds good because the UK is one of the well-regulated markets in the world, so companies based there are automatically deemed trustworthy.

However, you should always verify every detail and not just take the company’s word for it. This means checking the online register of the Financial Conduct Authority (FCA).

It is the regulatory body in the UK and every brokerage has to obtain a license from it in order to operate in the UK. Unfortunately, you will find that Bullionsassets is nowhere to be found in the FCA’s online register.

What makes it worse is that the regulator has actually issued a warning against Bullionsassets. According to the warning, the brokerage is operating in the UK without authorization.

Such a warning is a clear indication that you are not dealing with a genuine brokerage because if it was, it would not be operating illegally and would have a license.

Trading software

The next feature that you should check out when you are evaluating a broker is their trading software. You have to spend most of your time using it for doing all your trading activities, so it is vital to your trading experience.

Therefore, you cannot make compromises where the trading software is concerned. The appealing thing about Bullionsassets is that it promises access to the MetaTrader platforms, i.e. both the MT4 and the MT5.

These are award-winning platforms that are considered the industry standard and offered by every leading brokerage. As it turns out, you will not find these platforms at Bullionsassets at all.

In fact, what comes as a shock is that it does not appear to have a functional trading software at all. It has some sort of dashboard that only lets you track your portfolio and nothing else.

This means that there can be no trading with the software and the worst part is that Bullionsassets appears to be manipulating it as well. As soon as you make your account, you will start registering a high ROI and that too without even making a deposit.

Trading conditions

Next, you need to check the trading conditions of a brokerage and you are in for another surprise at Bullionsassets because there are no spreads and leverage.

It makes sense, given that it does not have a functional trading platform. But, here is when you learn that Bullionsassets has a completely different business model. Apparently, the company offers investment plans and there are several tiers available.

You can choose to deposit in one of them and the minimum investment starts from $500, which is twice the standard deposit required by most brokers. Furthermore, Bullionsassets is also guaranteeing an ROI of 50%, which is something no legitimate company would ever do.

The financial markets are volatile and unpredictable and not even professionals and experts can guarantee any kind of returns. Anyone who does so is trying to scam you.

Payment methods

The fact that Bullionsassets only supports payment methods like bank transfer, bitcoin and tether also shows that it is not up to any good. These payment options do not offer you the option of a chargeback, which means you cannot get your money back in case of a scam.

Final Thoughts

After you are done evaluating Bullionsassets, you can conclude that the broker is not a good choice because it is clearly not legitimate.


How To Get Your Money Back From Scammers?

Want to get your money back from a scam?
Fill in the contact form on the page in this link and you will be able to get help in recovering your lost funds! You will be walked through the entire recovery process by a representative of a recommended fund recovery service after which a case will be opened for you by a case manager.


Comments to: Bullionsassets Review – Is this a Good Broker?

Your email address will not be published.

Recent Posts

Money Back – Get Your Funds Back!

Get Your Money Back!

Archives

Categories