Whenever we see an offshore broker with no regulation, we have to ask – what are these brokers trying to achieve? Are they even trying to register somewhere, get a regulation, or just use the fact that offshore countries are blind for their offences? Read our BullishFXMarkets review and find out everything about this particular broker.
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| Regulated by: | No regulation |
| Headquarters Country: | Seychelles |
| Foundation year: | N/A |
| Supported Platforms: | MT4, MT5, cTrader |
| Minimum Deposit: | $200 |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | /1:500 |
| Demo Account: | Yes |
| Site Grid | www.fxcore.co www.finocapital.io |
BullishFXMarkets Regulation and Security
The brand is owned by Raw Trading Ltd, a company based in Seychelles. To get more information on the company owner, you can read our ICMarkets review. The brand belongs to the same company and has many warnings regarding scams. You will get a better picture of who Raw Trading Ltd is and why you should not trust BullishFXMarkets either.
The broker claims to keep funds in the National Bank of Australia. However, since the company owner is based in Seychelles and has no regulation, we highly doubt that a reputable bank such as NAB would be dealing with this brokerage.
Warnings From Financial Regulators
We’ve decided to check regulatory warnings and search for BullishFXMarkets and its owner, Raw Trading Ltd. Here is what we found.
The Italian CONSOB and French AMF issued warnings against Raw Trading Ltd, while CySEC issued a warning against BullishFXMarkets directly.
Be aware of the BullishFXMarkets scam, and do not forget to report this illegal brokerage!
How does the online trading scam work?
Usually, everything starts with an appealing ad that shows you how your future could look like if you just invested a few hundreds of dollars. And you think to yourself that you might do just that. End of the day, all those Warren Buffets and Bill Gates didn’t make money by letting it sit in the bank. They invested it.
But here is the catch – they did not invest their money with an unregulated offshore brokerage such as BullishFXMarkets. This particular company demands you to start with a minimum of $200. In return, you are getting access to MT4, MT5, or cTrader. Again, here is the catch. Depending on the account type, you are getting the platform. For the Standard account, you will get only a cTrader. To get any MetaTrader, you will need to go to accounts with higher commissions, such as Raw Account.
As you can understand, making money with an illegal offshore company is nearly impossible.
Scammed by BullishFXMarkets?
The big question – what to do if you get scammed by BullishFXMarkets, or any other illegal brokerage? You need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. You have 540 days to request a chargeback, so stop wasting time!
Get in touch with us now, and let’s get your money back!
What is BullishFXMarkets?
BullishFXMarkets is an online trading brokerage based in Seychelles.
Is BullishFXMarkets a scam?
Since the company is offshore, has no regulation, and there are many regulatory warnings against it, we can say it’s running a scheme.
Is BullishFXMarkets regulated?
No. BullishFXMarkets is based in Seychelles and has no regulation for its operations.
