Bitcoin Motion Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Bitcoin Motion Trading Company
As per its description, Bitcoin Motion functions as a trading platform that facilitates the purchase and sale of well-known digital assets. As an intermediary that acts as a mediator between brokers and traders, Bitcoin Motion is not a financial broker. Upon registering on this platform, users get access to some of the top cryptocurrency assets available. The company has made it very evident that before accepting a broker into a partnership, it thoroughly investigates each broker and ensures that it complies with all industry standards.
They are not regulated, even though this platform is honest about its role as a mediator and does not make any grandiose claims about its trading platform. Furthermore, in the investment industry, unregulated brokers are a warning sign. Since Bitcoin Motion is not subject to stringent regulation by a financial authority, it cannot be considered a reliable broker.
User Satisfaction i
Share your experience
- Best
- Last
- Oldest
Contacts
Registration address | The lack of a physical address and the absence of an email support system are red flags when dealing with this broker. Not having a readily available means of direct contact, such as an email address, can make communication challenging and potentially raise concerns about transparency and legitimacy. The reliance on a form submission for inquiries adds another layer of uncertainty, as you must wait for a customer support representative to respond. It is advisable to exercise caution when dealing with brokers that do not provide clear and easily accessible contact information. |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has Bitcoin Motion been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Bitcoin Motion by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Bitcoin Motion is down, not updated or operates with clear errors and some features are not available;
• Bitcoin Motion has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Bitcoin Motion got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Bitcoin Motion got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Bitcoin Motion?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Bitcoin Motion is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
Traders Union Recommends: Choose the Best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.