Bytrend Review: Bytrend.com A Treacherous Broker

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Bytrend Review
  • Regulation
  • Fund Safety
  • Customer Support
  • Client Testimonials
0.5

Summary

Bytrend does not reveal any withdrawal information. You are likely going to faces problems when it comes to withdrawing your money. Scammers will hold your money for the longest time until you finally give up

Bytrend is an offshore broker that users can access through a web-based platform or via download. They offer you an opportunity to trade CFD on clear terms. Also, they urge customers to take advantage of the bonus once they complete sign-up.

Bytrend Review, Bytrend Company

However, do not deposit funds into the platform expecting any profits.  This unbiased review on Bytrend showcases some of the red flags they expose and why your funds and personal data are at risk. Also, as a smart trader, don’t you think there are several factors you should consider before investing your hard-earned money?

Bytrend does not reveal any special features or techniques they use that will help you attain sensible profits. Meanwhile, you can choose to invest wisely with these tried and tested forex brokers to earn sensible profits with reliable CFD brokers.

Bytrend has a live chart of various currency pairs that they obviously get from third parties. Accordingly, relying on third parties is not entirely advisable. The trading world faces high volatility, and the direction profiting a while back might not necessarily work in your favor. Hence you should invest with risk measures in place such as stop-loss take profit to curb losses.

Bytrend.com Review

Bytrend.com assures its customers of market news and analysis. However, when writing this unprejudiced review, the same section had not been updated for a week despite the numerous occurrence in the market.

Therefore trading is not child’s play, and blindly investing will only yield unattractive results. The sales page is poorly designed, and a lot of important info has been left out, raising doubts about their services. They claim to feature a web platform that is fully customizable to meet your needs trade-wise.

Bytrend does not reveal who the founders are and the kind of qualifications the team of email hold. Thus, you may rely on people who do not know how the trading world operates.  There is also no effect on the software they have created, and the capability of generating profits is unknown.

You should be capable of testing the trading tools before finally investing your money. Bytrend does not have a demo account for you to understand how the software works fully. They require you to provide personal data, yet they do not reveal any similar information to you.

How Bytrend.com Operates

Bytrend.com uses high attractive bonuses and profits they barely know how to attain to lure you into making a deposit. They promise customers up to 25% bonus on initial deposits. Once you make a deposit and expect the same profit.

You can hardly withdraw the funds, and you will have to complete some tasks before you get your money. Moreover, scammers are fond of using these traits. They lure customers by promising pleasing returns that they can barely attain. Especially not with the kind of techniques that Bytrend applies in its services.

So once you fall for the catch and make a deposit, you have automatically made the anonymous founders rich.  They will result in blocking your details from accessing any services they offer customers. Also, when the due date for for-profits approaches, they will push the dates further till you finally give up with your hard-earned funds.

Bytrend does not seem to have any trade activities taking place on the platform. They do not have any past trade activities to confirm that customers are making profits. Therefore you should always see three months or more of past trade data.

Bytrend Funds Safety

Bytrend should not give you any reason to think that your funds are safe. Firm the first glance at the website, you can immediately notice their murkiness. They basically appear to have a hidden agenda which is to swindle all your money. They do not have a demo account that you can use to test the software before funding your account. Accordingly, you may end up buying Trading tools that will hardly assist you in the CFD market, which is highly competitive.

The safety of your funds is very important, and Bytrend exposes so many red flags to think otherwise. The anonymous people behind the company are the only ones likely to benefit from the platform. They might be keeping your money in personal accounts. No banking information shows your money is safe or in segregated accounts. There are no privacy policy measures that any customer knows. Hence not only are your funds at risk, but personal data will also end up in the wrong hands or even criminals.

Deposit and Withdrawals

Bytrend urges you to take advantage of the 25% bonus. However, they do not reveal any payment options that you can use to funds your account. They neither let you know the returns to expect nor do the minimum amount that you can invest.

Bytrend.com Review, Bytrend.com Features

Therefore the best funding method you can use is the credit/debit option, where you can get a refund period of up to 540 days from the deposit date. Accordingly, you cannot reverse wire transfer, and Bytrend doesn’t have a refund policy either.

Bytrend does not reveal any withdrawal information. You are likely going to faces problems when it comes to withdrawing your money. Scammers will hold your money for the longest time until you finally give up. Also, Bytrend may charge you a high commission for withdrawals and deposits. Bytrend is not transparent, and there is no data to show that customers can access funds from the company.

Customer Support

Bytrend does not have reliable support, yet they assure customers of 24/7 support. They do not have reliable telephone contact, and this lowers trust and reliability. Accordingly, working with customer support helps in gaining more confidence with the company. Reliable customer support creates a customer-friendly interface and relation.

Bytrend customers have to fill in a call-back form with personal data and the subject query. There is no guarantee that you will receive any response. Scammers will barely respond to you after they have your funds. Bytrend does not reveal any location whereabouts data, and they maintain the anonymity of the highest level. Additionally, they hide their data because they open new platforms and attempt to swindle money from innocent customers.

Bytrend Regulation Status

Bytrend has no legit regulation information that shows they are legally allowed to access the public money. Regulated forex brokers show a commendable level of transparency. You can easily find and confirm similar data with the legal bodies. On the other hand, scammers like Bytrend use false data to try and lure you into thinking they are adhering to laws. However, such investment firms will easily go against trade guidelines.

Bytrend founders know that they are illegally in operation. Thus it explains why they hide personal data from customers. Unregulated platforms often face bankruptcy, and they barely survive the market.

The law enforcers might shut down the platform or easily disappear without warning with all your money. Different nations have come up with legal, regulatory bodies. Hence it is illegal in most nations, if not all, and Bytrend is breaking the law in most countries.

Final Verdict

Bytrend aims to offer its services globally. However, they do not show any past trade data to help determine the kind of returns to expect from the company. The method of operation that they apply raises more concern. The founders of the company are anonymous, and there is no credit that you can rely on the strategies they use for trading.

Therefore, you can invest with these transparent forex brokers that apply transparency and reliable trade techniques to gain reasonable profits. Bytrend bis only after your funds, and they will swindle all your money in the name of trading services. Stay away from the shady broker and always read reviews from reliable sources and do more thorough research.

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