Bullish Equitie Review
Signing up with an online broker is a necessary step when you want to access the financial markets over the internet. There are plenty of trading opportunities that everyone can explore, regardless of whether they have the right experience, or not. However, most people stumble when they discover the sheer number of companies that are offering their trading services. Navigating these options is easier said than done because every platform will obviously tout its own services as the best and most professional. But, this Bullish Equitie review can show you just how risky it is to believe any company.
You cannot just take them at their word because their goal is to attract as many people as possible to their platform. While some of these brokers may be genuine, there are also a ton of those that are fake and are only in it for scamming you. Many people have been victimized this way and you have probably heard about it because these scams are very rampant. The question is how do people fall for such shams? If they have been happening for a while, people should be able to figure out which broker is a scam and which is legitimate.
This has actually become a challenge because most scammers are very sophisticated and they create an illusion of a legitimate platform, which makes it hard for people to find the truth. This is where you have to put in some effort and dig deep to see if there are any warning signs. It is not that difficult to find them when you are willing to put in some time and effort. This is applicable to Bullish Equitie as well, which appears to be the best opportunity to prosper quickly and win big at first glance. But, there are warning signs that you will be able to spot. What are they? You can go over them below:
Anonymous and unregulated
When you are thinking about signing up with a broker, it is a good idea to get to know the company first. After all, you intend to have a long-term relationship with them, due to which you need to know they can be trusted. This means learning their corporate background, ensuring they have a license and are authorized to provide their services. It is understandable that you would want to do the same in the case of Bullish Equitie.
But, when you scour through the Bullish Equitie website, you will be disappointed because there is no such information available about the company itself. You will not come across a company name, or any other corporate background either, which can be extremely disappointing. Most importantly, there is absolutely no mention of any license or authorization at all.
As for their location, you will learn that Bullish Equitie claims to have its headquarters in New York. The United States is heavily regulated and for a brokerage to operate from there would mean that it has to have a license from the Commodity Futures Trading Commission (CFTC) and it would also have to be a member of the National Futures Association (NFA). However, you can check the online registers of both these organizations and find the broker missing from them. This is a major warning sign because it means it is either lying about its location, or operating illegally in the US.
Unrealistic guaranteed profits
One of the tactics that Bullish Equitie has used to attract traders to its website is by offering them daily profits on making a deposit with them. This sounds a really good offer to those who don’t have an in-depth knowledge and understanding of the financial markets. But, you should bear in mind that when something sounds too good to be true, it really is. Trading in the financial markets is not a get rich quick scheme, as Bullish Equitie implies.
The financial markets are highly volatile and completely unpredictable, so anything can happen. Even the most expert and professional people cannot guarantee you any kind of returns and that Bullish Equitie is trying to do so shows that it is just fooling you.
No trading platform available
How do you execute your trades when you sign up with an online broker? You use the trading platform they provide, which connects you to the financial markets. Every brokerage offers this platform because it is a vital part of the trading process and offers you the tools and technology that can make a big difference. Therefore, it is quite surprising to learn that Bullish Equitie does not have a trading platform at all.
This is a rather classic scammer move because they are clearly not in it for the long haul. Why bother to have a trading platform when they have no intention of providing trading services at all? Bullish Equitie is just leading you on and their story falls apart as soon as you discover they don’t have a trading platform because it is necessary for trading.
No legal documentation
Another warning sign that you will come across at Bullish Equitie is the fact that their website does not appear to have any Terms and Conditions, Client Agreement, or any other legal document that is meant to outline the relationship you will have with the broker. This is undoubtedly a big flaw because this document is meant to highlight the fees you will be charged, the policies to be followed and other details. You are expected to agree to their Terms and Conditions without knowing what they are, giving them the opportunity to exploit you.
Only bitcoin payments accepted
The fact that Bullish Equitie does not support any payment methods other than bitcoin is also telling. Cryptocurrency payments are irreversible and anonymous for the most part, due to which they are highly favored by scammers. They are not eligible for chargeback, which is precisely why scammers use them because they can get away with it.
With these warning signs, anyone can realize that Bullish Equitie is not a brokerage that you want to use for your trading journey.