Warning: Is Bitsoft 360 a Scam?
Be careful of Bitsoft 360 (bitsoft360.com); it displays several indicators of a scam. Users have reported withdrawal issues.
Bitsoft 360 (bitsoft360.com) Review
Our team strongly advise you to avoid Bitsoft 360 (bitsoft360.com).
We found that the company name is BITSOFT360 APP LTD, it is located at 380 Jalan Besar Singapore 209000, the phone number is '+6595553209, and the support email is info@the-bitsoft360app.com.
Bitsoft 360 appears to be a investment provider, but it is unlicensed by any top-tier commission, such as the FCA or SEC.
Cannot Withdraw from Bitsoft 360?
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Regulatory Check: Bitsoft 360
Bitsoft 360 operates without supervision.
Trading with unregulated entities is extremely unsafe. Trusted firms are must be licensed with bodies like the FCA, CySEC, or CFTC for your protection.
Bitsoft 360 operates without this protection. This means there is no protection if they withhold your money. Most investment fraud involve unlicensed actors, and getting back funds from them is difficult without professional help.
For instance, in Europe, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of regulatory bodies, meaning your money is completely exposed.
Warning Signs of Bitsoft 360
Investment fraud is evolving. Criminals use social engineering to steal your savings. Below are common methods used by sites similar to Bitsoft 360 (bitsoft360.com).
Dating App Scams
"Pig Butchering" is a common tactic where scammers build trust over months. They build a friendship online. Once trust is built, they introduce a "lucrative" investment. It's a trap to get you onto a scam site like Bitsoft 360.
The "Bonus" Trap
Scammers build websites that mimic real trading apps. You see graphs and profits that increase. But it is a fake. The broker manipulates the numbers to make you feel rich so you invest more. If you ask for a payout, the "profits" are gone.
Other Warning Signs
- Unsolicited Contact: You get calls from "brokers" out of the blue.
- Unregulated: The company lacks authorization.
- High Returns: They guarantee 1% daily returns with no risk.
- Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
- Pressure Tactics: "Account managers" pressure you to invest bigger amounts.
Do not trust positive ratings. Fraudulent brokers frequently write their own 5-star reviews to look legitimate.
Conclusion
We advise against Bitsoft 360. It appears to be a fraud. Protect your money and use a licensed broker. Avoid bitsoft360.com at all costs.
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