BTCI Information
BTCI, short for Binary Trade Capital Investment, is an unregulated company offering financial services in forex, binary option, crypto-currency and bitcoin mining to investors of all sizes. It initials 5 tiered investment plans with different deposit requirements and returns. Traders need to start from a substantial $500.
Pros and Cons
Is BTCI Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on BTCI?
BTCI's offerings include forex trading, where clients can engage in currency pair transactions, and binary options, which present opportunities for high-reward trading with defined risk.
Additionally, BTCI delves into the booming cryptocurrency market, allowing investors to trade various digital assets, including Bitcoin. They also provide Bitcoin mining services, enabling clients to participate in the foundational process of cryptocurrency generation.
BTCI is not a typical traditional forex broker, its business mainly focuses on cryptos, services such as Initial Coin Offering (ICO) is also available.
Investment Plan
BTCI provides 5 tiered investment plans tailored to various investor needs, each with its own return period and amount.
Starting with the Starter Plan you need to invest at least $500. This plan promises total $5000 return in 24 hours. For those seeking weekly returns with higher amounts, the Ultimate, Silver, Gold and Diamond plans provide increasingly higher weekly returns of $10,000, $50,000, $100,000 and $150,000, ten times of the required investment amount.
Such huge returns may be compelling to many traders, but you should always be careful about this since no investment activities can guarantee 100% profits.
Deposit & Withdrawal
BTCI enables several funding methods: Bitcoin, wire transfer, Ethereum and Litecoin.
Profit is said to be returned to investments at every 24 hours from their time of verification. Traders can withdraw their profits from the company's investment plans in 24 to 72 hours of trading days in a month. Or they can also accumulate profits to a desired amount till withdrawal.
Negative BTCI Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there'are two BTCI exposure on WikiFX, details as below:
Exposure 1. Scam
A Spanish investor reported that BTCI froze her account when she made a withdrawal request because she made a mistake. But the company asked for more money to deposit and never fulful the investor's withdrawal request.
Exposure 2. Unable to withdraw
Another investor from Dominica reported that BTCI deliberately give her disguised information to make her unable to withdraw her money. She needs to deposit much more to open a VIP2 to withdraw all her money together, the amount is a huge burden for her.
Customer Support Options
BTCI can only be reached by live chat and WhatsApp so far. Also, per exposures on WikiFX, the broker seems contact with investors as well. Formal contact channels such as telephone, email and office address are not available, which is a typical scam broker feature.
The Bottom Line
In summary, we can almost conclude that BTCI is not a good choice for most traders. The absence of regulation and promised high investment returns are signs of scam brokers. Not to mention the WikiFX exposures about withdrawal issues and scams.
Staying away from such financial companies as much as you can is our warm suggestion.
FAQs
Is BTCI safe?
No, the broker is not regulated by any authorities so far, which implies less protection on customers. And there're two reports on WikiFX about scam and withdrawal issues, which are major red flags.
Is BTCI good for beginners?
No, the high minimum investment amount at $500 is quite high for beginners who should always start small.
What trading services does BTCI provide?
BTCI offers financial services in forex, binary option, crypto-currency, ICO and bitcoin mining.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
2024-07-19 10:09
