FuturBTC backs their supposedly supreme trading offer with claims about aspiring to provide the best trading experience through simplicity. Therefore, they advertise a trading platform which they describe as comprehensive yet rich.
Some trading conditions that are offered with that are questionable to say the least. Not only do they breach the Tier 1 licensing standards but they entirely benefit only the fraudsters. Such a trading environment is highly suspicious and unfair, especially from a UK-based brokerage.
UK firm or not, FuturBTC appears to be completely unregulated in any shape or form. As a matter of fact, to boost their reputation among customers, FuturBTC uses another famous scam technique. This involves forged licenses and fabrications about regulation. Read all about it in our FuturBTC review ahead.
| Regulated by: | Not regulated |
| Is This Company Safe? | Not safe or trustworthy due to missing a license |
| Known Websites: | futurbtc.com |
| Have Warnings from: | N/A |
| Registered in: | UK (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | 10 000 EUR |
| Deposit Bonus: | N/A |
| Trading Assets: | Crypto, Forex, CFDs on commodities, CFDs on indices, CFDs on stocks |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Fraudulent companies are known for not allowing withdrawals or completely denying payout requests. It would be in your best interest to, in that case, contact a financial regulator or refer to us for professional help in recovering funds. |
Is FuturBTC Regulated By A Financial Authority?
Forging licenses and faking regulations are the easiest thing for a scammer to do. In fact, FuturBTC has a deal with a sham website known for counterfeiting licenses. Other fraudsters of this kind have also teamed up with this fake regulator to supposedly issue them credible licenses.
The site we’re referring to is Crypto Conduct Authority. This site not only backs swindlers in their claims about regulation, but also issues forged licenses. These, of course, carry no meaning or value, considering that they do not come from a real regulator.
The one and only regulator that is competent to license and oversee the UK brokers is FCA – Financial Conduct Authority. Currently supervising over 50 000 business entities in the UK makes this financial authority the main and leading regulator in this field.
However, getting a license from FCA isn’t an easy thing to do. Especially for fraudulent entities like FuturBTC. As evident from the lack of company info, this is no example of a stable and long-lasting business conduct. Leading team at FuturBTC probably isn’t able to invest 730 000 GBP, how much is needed when applying for a FCA license.
FCA certificate means the broker offers segregated bank accounts for safe-keeping of clients’ funds. Leverage is limited to 1:30, while FuturBTC offers as high as 1:200. Next obligatory features are negative balance insurance and compensation funds. Along those lines are also rules about absolute transparency and monetary reports in due time.
Not to jump to conclusions too soon, we’ve also checked several other Tier 1 databases for the possible license of FuturBTC. But neither CySEC, ASIC, BaFin or CONSOB supervise this entity. FuturBTC is a sham through and through!
Where Does FuturBTC Mainly Operate?
FuturBTC scam actively preys on people from European nations. This is nothing we haven’t seen before, as many scam brokers, like Ikon CFD for instance, use the same region for their nefarious deeds.
Scammers have made their website opaque for a reason, and require a referral code to create an account. This way, the “outsiders” can’t access the site, and the news of fraudulent behavior is more difficult to spread. Instead, the people behind FuturBTC.Com rely on their own client base, coupled with fake personal reviews, to attract more victims.
If this seems familiar, it’s because Pyramid schemes work this way as well. A person who has genuinely good intentions will drag you down with them out of their own folly.
There is nothing more defeating than compromising the people close to you, so the damage FuturBTC deals is not just financial. If you feel like somebody has been pushing this sort of an agenda on you, please consider seeking our legal advice to help you with the problem at hand.
FuturBTC.Com is a relatively new scam, and has been launched in early 2023. These are the nations where this fraud is the most widespread:
- Switzerland
- United Kingdom
- France
What do Traders Say About FuturBTC?
One of the alarm signals when it comes to any company, and not just VASPs, is the complete absence of bad client testimonials. No matter how good a product, company or their service is, it is impossible that it fits every individual perfectly.
When you find a firm that seemingly excels in every aspect, it seems uncanny at best and suspicious at worst. FuturBTC is one such company. Wherever you see user feedback, you will never find bad scores.
If you look a bit deeper, you will notice how repetitive these alleged customer reviews are. Many of them have been put together from pre-determined blocks of text. It’s like with a used car salesman – they claim their 20 year old rust buckets are all in mint condition. We don’t believe this for one second!
FuturBTC’s Fees and Charges
No insight into the trading platform hasn’t helped us much in determining the trading costs at FuturBTC. Terms and Conditions, as a part of legal documentation, isn’t transparent about this trading circumstance either.
Finally, the section of the website which should provide detailed info about account types and the options they feature is vague altogether. All things considered, FuturBTC shows no transparency when it comes to costing and the fees they charge.
There’s a part of the website that should explain this domain, but it is also not informative in any way. FuturBTC only claims not to charge any fees for deposits, withdrawals and trading, but that is just unrealistic. All the broker leaves you with is a recommendation to call their support office if you want to know more.
Bonuses
Just how untransparent the broker is about the costs, the same kind of attitude is displayed when it comes to bonuses. FuturBTC states how they do offer a welcome bonus. It entirely depends on the amount of deposit you’re willing to give the fraudster.
However, nothing concrete is said about the bonus sum available or the additional conditions following it. By this we mean the malicious bonus clause, otherwise known as the trading volume requirement.
Trading Features Offered by FuturBTC
Scam brokers can get away with offering seemingly incredible market prices and conditions. This is because they don’t in fact profit from their traders’ business success, but rather from robbing them blind.
The trading conditions at FuturBTC will look amazing to any novice trader, and this is the reason why FuturBTC.Com is such a dangerous entity. With the number of cryptocurrency owners skyrocketing in recent years, many people who do not have a background in finance choose to invest with Crypto Coins.
Let’s take a moment to review what you can expect from this so-called Crypto broker in the few following paragraphs.
Trading Platforms Available
FuturBTC.Com features a webpage that will correctly introduce you to the problems of selecting a good broker with a reliable trading platform. They cite many different pros and cons, compatibility issues, different features to look for… And then offer you a Web Trader. It’s no different from what other scammers like EUFM offer.
If you are looking for a reliable online broker, we suggest choosing one that features reliable third party platforms like cTrader, MT4 and MT5.
Available Trading Assets
Nothing is simple at FuturBTC. The selection of trading assets is quite well hidden. The broker does mention Forex, different types of CFDs, and Cryptocurrencies, but they don’t elaborate on this.
There is no comprehensive list of trading instruments, and we couldn’t find expected commission or spread for trading these assets either.
The following list of instruments is the little information we could gather:
- Cryptocurrencies – Bitcoin, Ripple, Ethereum, Dash
- Forex – EUR/USD, AUD/CAD, GBP/EUR, CHF/USD
- CFDs on Stocks – PayPal, Tesla, Alibaba, IBM
- CFDs on Commodities – Gold, Crude Oil, Natural Gas, Cocoa
- CFDs on Indices – Dow Jones, Nasdaq, S&P500
Account Types
This is the part of the FuturBTC.Com that most overtly reflects their predatory nature. Although the main page of the site advertises low deposits of €250, on the account creation page we see something that directly contradicts this.
In reality, the cheapest trading account costs €10 000. This is insane especially compared to legitimate brokers that offer Micro accounts for as little as €1. Here is what they look like:
- Bronze – €10 000
- Silver – €25 000
- Gold – €50 000
- Platinum – €100 000
- Diamond – €250 000
- Premium – €500 000
- VIP – €1 000 000
Islamic Account
With FuturBTC, an Islamic account is also available. Unlike the main account types that we already reviewed, the Islamic account type does not disclose the deposit amounts. Trading conditions are similar to those in more high-end main accounts. For this reason, we believe that Islamic accounts are equivalents of Gold, and more costly accounts.
Demo Account
Unfortunately, the only trace of a demo account is an unverifyable claim from the FuturBTC website. As we mentioned before, account creation requires a referral code which we couldn’t obtain.
With regulated brokers, a demo account is an invaluable tool for market analysis and a risk-free test environment for rookies and professionals. Fraudulent brokers, on the other hand, use demo accounts to show unrealistic profits to their victims and hook them more easily.
Mobile Trading App
One of the advertisements on FuturBTC is about how their trading application has excellent compatibility with all mobile devices. Although this in itself is not a lie, we should remember that their trading application is the Web Trader. As we mentioned before, it runs from a Web Browser, and today all portable devices feature some kind of Web Browsing software.
Education
Education is allegedly available to FuturBTC.Com clients, but only when they have already created an account. For this reason we could not review the quality of their education materials.
It’s not like we can’t make an educated guess from our experience with these kinds of entities… Usually with scammers it’s just basic guidelines a 13-year-old can give you: buy low, sell high.
FuturBTC’s Withdrawal Process and Policies
In order to supposedly facilitate the funding process, FuturBTC allows deposits and withdrawals to be done through:
- Credit Cards
- Bank Wire
- Crypto
Since we were denied access to the client area, we can’t confirm if all these funding methods are indeed available. Being an unlicensed brokerage site allows FuturBTC to manipulate the information and deceive customers however they find fit. That’s why you shouldn’t trust whatever claims they throw at you. That also refers to the promised withdrawal time being 5 (five) business days.
FuturBTC further assures users they do not change any fees upon transactions. We have reasons to believe otherwise. Not being overseen by any authority gives FuturBTC just enough space to claim one thing then do another.
It wouldn’t be a surprise if they had sudden fees occurring during transactions, trading, withdrawing and depositing funds. So pay close attention to this aspect when choosing your broker dealer.
Customer Support
Contacting the support team at FuturBTC works through an online form or phone number provided on the website. Most reputable brokers will provide an email address too, but also the concrete physical address of each of their offices. The location that FuturBTC has put up on the website seems fake, and it’s a question if anyone ever answers the calls.
What is evident from the complaints issued against the firm is the difficulty in contacting support agents, which seem to ignore and deny the messages and calls.
FuturBTC Review Conclusion: Key Information
Based on everything we managed to dig out on FuturBTC, they’re an unregulated and completely anonymous brokerage company. It seems that the website owners only enforced confidence and fake regulations to boost their reputation and credibility. With the attractiveness of their offer, we don’t doubt some less experienced traders may have fallen into the investment trap.
If the same has happened to you, please contact us promptly so we can help you build an effective action plan. Taking the right steps in the right moment is key to recovering what was unrightfully taken from you. Don’t you want these cyber criminals to face justice for what they’ve done to you and many other honest traders?
We’re sure you agree with us and will make the proper decision when it’s about battling scam. Our contact team will respond shortly and give you the advice you seek through a free consultation. All you have to do is reach out to us.
What is FuturBTC?
FuturBTC is a fraudulent brokerage website without a valid license. Because of that, we urge you to contact us promptly, in case you’ve already invested here.
Are My Funds Safe With FuturBTC?
Investing with a fake broker is not a lucrative way of doing business. Such entities cannot guarantee safety of funds, so investments are doomed to be stolen from traders.
Does FuturBTC Give a Deposit Bonus When Opening an Account?
Although the website isn’t transparent about the deposit amount or the conditions pertaining to it, FuturBTC still claims to offer the welcome bonus which depends on the amount you invest.
