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The WikiFX Score of this broker is reduced because of too many complaints!

Bitcore Pro

Poland|1-2 years|
Suspicious Scope of Business|High potential risk|

https://bitcorepro.com/

Website

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Contact

+1 7389186877
support@bitcorepro.com
https://bitcorepro.com/
Trakt Lubelski 166 04-790 Warsaw Poland
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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+1 7389186877

Broker Information

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Company Name

Bitcore Pro Markets Limited

Company Abbreviation

Bitcore Pro

Platform registered country and region

Poland

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Pyramid scheme complaint
Expose
Unable to Withdraw

The withdrawal could not be made and review was pending. Later, the withdrawal was refused. The customer service replied that there was no transaction flow and the withdrawal operation could not be performed.

At first, a strange lady came to chat with me on IG. Later, I talked and said that their IG in Zhuhai was not convenient for chatting and asked to add a line. The chat in the first few days was normal, but later she called me and told me that their company had invaded the data of some companies to achieve profits, she asked me to put coins on the platform together. At first, she first put coins on the okx trading app platform and then transferred to the bitcorem URL she gave me. During the process of buying coins, she provided me with a person's account and asked me to send money to buy coins for her. In the beginning, I did make a profit and got my money back. Later, I slowly started to ask myself to put more money on the platform she gave me. When she asked me to put 100,000 into it, I told her that if you are willing to invest with me, I put 130,000 in the account, so I put it in. But she put it in to gain my trust. This situation made me start checking online to see if this was a scam, so yesterday I went to the platform website she gave me to withdraw the premise. I found that it was under review and I couldn't withdraw it. When I asked customer service, they told me There is no way to withdraw money without transaction records. She talks to me on the phone almost every day. She wants to video chat with me, but I can only do it. She told me about this part because their company is doing intrusion into other companies, so the company regulations cannot allow it. You can't take pictures with the camera on.

2023-12-28 11:34
Scam

Using sympathy to defraud investors

A Mr. Li delivered messages to me on IG, chatted, and said that he didn’t use it often, and asked me to add him on Line. He chatted with me every day, mostly by voice messages or phone calls. He talked about his past experiences and relationships to get my trust. Later, he said that his job was anti-intrusion and he could see the data and make money. He said that he wanted to help improve my life and live a better life. He said we could live better, and taught me how to make money. I was very disgusted and thought it was a scam, but he was so serious and kept explaining that he wanted me to try it with a small amount to know whether it was true or not. He also wanted me to download Binance, VPN, and Max to bind contract transfers. He informed me that he had something, and I tried it with NT$5,000 first. He sent a link to log in from Google, and then the transaction was very fast, it became more than 8,000 and then transferred back to the account of 6,400, which made me believe it was true. Then he asked me to invest more to make more money. The second time I invested NT$20,000, and later got back NT$26,000. He said that opportunities don’t come every day and asked me to seize the last chance. He said that there might be stricter precautions against intrusions over there, it may be the last chance. He said that he and his friends were planning to loan 20 million to invest in. The company had confidentiality regulations. He took me privately because he wanted me not to disclose it to others. He also said that he would help me invest in this privately. He told me to find a way to invest more funds and ask friends and relatives I know to borrow money or loans. When the time comes, I will make a profit and repay others for giving me more money. During this period, I was trying to think of a way, and he kept urging me. Later, after adding the original 26,000 yuan and borrowing 90,000 yuan to invest, he also transferred 1 million to me and said that he would eat instant noodles and sell the car for me. But he had late-night snacks with friends after work... He said it was not enough and asked me to think of another way. I was really upset every day and kept calling to borrow money. I had work to do and encountered many situations at home... Later, he called me and told me that he would take me to invest. Finally, We made a total profit of about 2 million more. But when I wanted to withdraw, it was refused. When we asked customer service, they said that because the profit was too much, I had to pay 20% tax, which could not be deducted from the profit and had to be paid separately...I asked him if he knew this would happen. He said it was all handled by the finance department, so he asked me to find a solution together. I was dumbfounded and would be driven crazy trying to find a way to loan... It was during the Chinese New Year, so the deadline was after that. He said that he will try his best to collect money, because he has invested a lot of money in the company, so he can only get back the money slowly one by one, and the Chinese New Year is approaching and the company has to pay employees. I have always had doubts after seeing exposures, and I thought some of them looked similar... I also sent screenshots to him, and he said it was all slander. What they did for anti-intrusion was just the company operating and looking at the data, no one was scamming. I still asked him to be honest and swear to me, then I believed him. The deadline is up after the year, and I only have 40,000, which I finally found in a financial loan. He said he borrowed tens of thousands from a friend before the year and then took me to transfer it to customer service first. I asked him, don't you need to transfer it? He told me that he lost all his money playing cards during the New Year... Damn it! I was shocked...I was very angry and sad and kept telling him what I felt. He said that he would pay 20% and leave 40% to me...A company boss would let me, a single mother who has a difficult life, pay more taxes than him?! So I decided to expose it, and I just hope that I can get back my principal. Please help me! 😭😭😭

2024-03-06 04:43
Unable to Withdraw

My money was back.

I started trading with BitcorePro in January 2024 with an initial deposit of $50,000. However, they started asking for more and more deposits, and in addition to these deposits they increased the company's capital by 50%, claiming that bonuses could increase leverage and I had to report them to .Forteclaim.com for recovery assistance. Glad I got my money back, please stay away from this platform, it's nothing but a romance scam.

2024-04-01 22:10
Unable to Withdraw

Fake friends, real fraud. He still wants to lie to me.

I met a mainland man online in early November. After we chatted frequently for a while, he said he wanted to help me make money. I downloaded a bunch of apps and then found a currency dealer to buy coins into HTX, and then transferred them to the wallet on the Bitcore website. The first time I loaned out 30,000 yuan, I earned 8,000 yuan. Later, I was asked to lend all the money and even called me to ask for a loan. He said that the data is not available every time and should be kept carefully. Then I really stupidly invested all my money (300,000). Later, when I was waiting to withdraw the money, I found that I had to pay 20% tax. He had to go to the bank for a loan of 200,000 yuan, but it was not enough. He said he had to take out the company car for a loan to make up for the rest. After paying, they said it was a suspected hacker intrusion and they had to pay a verification fee. I had no choice but to borrow 240,000 from the People’s Bank of China to make up the money, and then borrow 42,000 from a friend to make up the money. Will we have to wait another 60-90 days? ! He also wanted me to withdraw money and is still trying to deceive me.

2024-03-31 16:52
Scam

Romance scam, unable to withdraw

Mr. Liu sent me a message on a website, chatted for a few words, and then added me on line. He sends me messages every day. Say anything to gain my trust. Later, he revealed that in addition to working, he also made money through data, saying that he wanted to help improve my life and teach me to make money. I felt it was a scam, but he explained it very seriously and allowed me to spend a small amount of money to try it out. I first deposited MYR 1,000, and he sent me a Google link to log in. Then the transaction was very fast. Later, I made a profit and could withdraw cash directly. In the next few days, he asked me to take more to earn more. In fact, I refused, but he kept explaining that he could withdraw cash anyway and told me not to worry. Everyone is greedy. The second time I invested 20,000 ringgit, he said he would take me to trade when he was free. He waited for a week or two. During this period, I also approached him, but he used the excuse of being busy. After that, I logged into the website to check it out, but I couldn't log in no matter how I tried. I asked him and he said that the website was being repaired and it would be fine in another day. The next day I tried to log in but still couldn't, so I contacted him again, and he said he would take me to trade that day, but my principal was not enough, so I said at that time you said you could invest no matter how much, and now you told me about the principal. not enough. He asked me to go get together, and I told him where I could go in such a short time. He suggested that he could help me. He would help me pay it out first, and it would not be too late to pay him back after I cashed it out. I felt something was wrong at first and rejected him, but he said that day was a good investment opportunity, and I agreed later. Everything went smoothly during the day's trading, but when it came time to withdraw cash, problems arose. The customer service said that the system detected the transfer of funds from a third party to my account, which caused the credit score to drop. As long as the credit score is improved, I can withdraw cash, but the prerequisite is to pay back the certification fee. I asked him if he didn't understand that funds cannot be transferred to a third party. Then I asked him what would happen if he didn't meet the stipulated time, and he said he would deduct 15 eight cents every day. Because I was afraid that the money would be deducted, I tried to find ways to find the money. Finally, I received half of the money from my family. He asked me to remit half first, and he helped me find a way to help with the other half. That being said, instead of constantly urging me to pay off the other half of the money quickly, I told him that I had no money left and that all my money had already been invested. But he just asked me to find a way by myself. At this time, I felt a little strange. I went back to my account to take a look, and then I realized that the URL he gave me was different from the one I gave me before. I didn't notice it at the time. It's okay now. The money is stuck in it and I can't withdraw it. I asked him but he didn't respond. So I decided to expose it, and I just hope that I can recover my principal, which is my hard-earned money for 10 years.

2024-03-25 08:45

    Bitcore Pro · Company Summary

    Bitcore Pro Basic Information
    Company Name Bitcore Pro
    Founded 2005
    Headquarters Poland
    Regulations Not regulated
    Tradable Assets Forex, Indices, Oil, Gold, Cryptocurrency CFDs, and more
    Account Types Demo, micro, STP, ECN, crypto, PAMM ECN, PAMM STP, PAMM Crypto Account
    Minimum Deposit From $1
    Maximum Leverage 1:500
    Spreads From 0.0 pips
    Commission Variable
    Trading Platforms TickTrader, MetaTrader 4, MetaTrader 5
    Trading Tools Universal Calculator, One Click Trading and Level2 Plugin, Currency Exchange Rates
    Customer Support Email (Support@bitcorepro.com)Phone (+447389186877)
    Bonus Offerings Yes(for STP and Micro accounts)

    Overview of Bitcore Pro

    Bitcore Pro, established in 2005 and headquartered in Poland, offers traders a variety of trading instruments through its unregulated platform. With account types catering to different trading needs and leveraging the TickTrader, MetaTrader 4, and MetaTrader 5 trading platforms, Bitcore Pro aims to provide accessible and professional trading services. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.

    Overview of Bitcore Pro

    Is Bitcore Pro Legit?

    Bitcore Pro is not regulated. It's crucial to highlight that Bitcore Pro operates without valid regulation, indicating a lack of oversight from established financial regulatory authorities. Traders should proceed with caution and fully understand the risks associated with trading through an unregulated broker like Bitcore Pro. These risks may include limited options for dispute resolution, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. To safeguard their interests, traders are advised to conduct thorough research on a broker's regulatory status before participating in any trading activities, ensuring a more secure and reliable trading experience.

    Is Bitcore Pro Legit?

    Pros and Cons

    Bitcore Pro presents a diverse range of trading instruments and multiple account types, along with the popular MetaTrader 4 and MetaTrader 5 platforms. Additionally, automated Forex trading is available to any Forex trader. However, the absence of regulatory oversight poses potential risks to traders, compounded by unclear information on deposit and withdrawal methods. Furthermore, the lack of educational resources and transparency regarding company policies and procedures may deter traders seeking guidance. Although automated Forex trading is available, traders should exercise caution when considering Bitcore Pro, ensuring thorough research and understanding of the associated risks before engaging in trading activities.

    Pros Cons
    • Diverse range of trading instruments
    • Operates without regulatory oversight, potentially exposing traders to risks
    • Offers multiple account types
    • Unclear information on deposit and withdrawal methods
    • Utilizes the popular MetaTrader 4 and MetaTrader 5 platform
    • Lack of educational resources or transparency regarding company policies and procedures
    • Automated Forex Trading is available to any Forex trader

    Trading Instruments

    Bitcore Pro offers a wide array of trading instruments, including global forex, indices, oil, gold, and cryptocurrency CFDs.

    Trading Instruments

    Account Types

    Bitcore Pro offers a variety of account types tailored to accommodate the diverse needs of traders.

    These accounts include Micro, STP, ECN, and crypto accounts, each equipped with expert advisors for automated trading. The Micro account, starting from just $1, operates on the MT4 platform, ideal for traders looking to start with minimal investment. The STP account, starting from $300 or equivalent, also utilizes MT4 and targets traders seeking access to Straight Through Processing (STP) execution. The ECN account, starting from $500, supports trading on MT4, MT5, and TickTrader, providing traders with Electronic Communication Network (ECN) execution. Additionally, crypto accounts, starting from $10, allow trading cryptocurrencies on the MT4 platform.

    Furthermore, Bitcore Pro offers PAMM (Percentage Allocation Management Module) accounts, including PAMM ECN, PAMM STP, and PAMM Crypto Account, which enable traders to invest with experienced Masters who trade within the ECN or STP environment or trade cryptocurrencies against major currencies in the form of CFDs. PAMM ECN, PAMM STP, and PAMM Crypto Account also come equipped with expert advisors, allowing traders to benefit from automated trading strategies while participating in the Percentage Allocation Management Module (PAMM) system.

    For novice traders, Bitcore Pro offers a demo account for risk-free practice.

    Account Type Minimum Deposit Leverage Commission Spread Trading Instruments
    ECN Account $500 (or the equivalent in another currency) Up to 1:500 From $1.5 per Standard lot ($100,000) Floating, from 0 pips 50+ FX Spot CFDs25+ Cryptocurrency CFDsShares CFDsIndex CFDsSpot Metals CFDsCommodity CFDs
    STP Account From $300 (or the equivalent in another currency) Up to 1:500 No Floating depending on the buy/sell orders 50 currency pairs+ gold and silver
    Micro Account From $1 Up to 1:500 No Floating 28 currency pairs+ gold and silver
    Crypto Account From $10 (or the equivalent in another currency) 1:3 0.5% half-turn Floating 43 pairs with BTC, LTCEOS, PPC, ETHDASH, EMC
    PAMM ECNAccount Depending on the offer parameters Up to 1:100 From $1.50 half-turn, dependant upon equity and traded volume Floating, from 0 pips 50 currency pairs, gold and silver, CFDs, Oil, Natural Gas
    PAMM STP Account Depending on the offer parameters Up to 1:100 No Floating market spread from 0 pips 50 currency pairs + gold and silver
    PAMM Crypto Account Depending on the offer parameters 1:3 0.5% of the transaction volume (half-turn) Floating Currency pairs with BTC, LTC
    Account Types

    How to Open a Forex Trading Account?

    • To open a trading account and start trading, you need to open an eWallet a tool for managing your funds and trading accounts in the My Bitcore Pro area, and then follow the steps below:

    • Log in to your My Bitcore Pro personal area;

    • Select the type of account you need;

    • Read and accept important documents;

    • Fill in the account opening form.

    Once the process has been successfully completed, you will see the registration data for your new trading account. To be able to start trading on a Create Account, please add funds to your trading account via any available payment systems in My Bitcore Pro and install MetaTrader or use Web Trader. To get more information about how to add a trading account, please visit this link.

    Leverage

    The various account types offered by Bitcore Pro come with distinct leverage options tailored to suit traders' preferences and risk management strategies. The ECN, STP, and Micro accounts provide traders with up to 1:500 leverage. However, the Crypto Account maintains a more conservative approach, offering a leverage ratio of 1:3. For those engaging in the Percentage Allocation Management Module (PAMM), the ECN and STP accounts offer leverage of up to 1:100. Similarly, the PAMM Crypto Account maintains a leverage ratio of 1:3.

    Spreads and Commissions

    Each account type offered by Bitcore Pro is associated with specific commission and spread structures. The ECN Account incurs a commission starting from $1.5 per Standard lot ($100,000) traded, while the STP Account does not charge any commission. Similarly, the Micro Account also does not have commission fees. However, the Crypto Account will charge a commission of 0.5% of the half turn. For PAMM accounts, the PAMM ECN and PAMM STP Accounts incur commissions starting from $1.50 half-turn, which may vary based on equity and traded volume. In contrast, the PAMM Crypto Account applies a commission of 0.5% of the transaction volume, calculated half-turn.

    Regarding spreads, all account types at Bitcore Pro utilize floating spreads. The ECN Account, PAMM ECN Account, and PAMM STP Account provide spreads starting from 0 pips. In contrast, the STP Account's spread varies depending on buy/sell orders. Similarly, both the Micro Account and the Crypto Account, along with the PAMM Crypto Account, feature floating market spreads.

    Trading Platforms

    Bitcore Pro provides its traders with a diverse selection of trading platforms to cater to their individual preferences and needs.

    The TickTrader platform stands out as a brand-new addition, offering access to five of the most popular asset classes, including forex, stocks, commodities, indices, and cryptocurrencies, all within a single trading account. Specifically designed for the TickTrader platform is the TickTrader ECN account, facilitating both margin and deliverable trading.

    For traders preferring the reliability of MetaTrader, Bitcore Pro offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4, recognized as the leading Forex trading platform, is available for Windows, Mac, and web browsers, ensuring accessibility across various operating systems. Similarly, MT5 retains the familiar user interface of MT4 while introducing new functions tailored to enhance traders' Forex trading experience. However, it's important to note that only ECN trading accounts are currently supported in MetaTrader 5.

    Furthermore, Bitcore Pro offers mobile trading terminal versions for iOS and Android devices, allowing traders to access their accounts and execute trades conveniently from their smartphones or tablets.

    Trading Platforms

    Trading Tools

    Bitcore Pro equips traders with a suite of trading tools designed to enhance their trading experience.

    The Universal Calculator is a user-friendly tool that provides instant and precise calculations for commissions, margin, and pip values. By accurately calculating these parameters, traders can refine their trading strategies and mitigate the risk of loss and stop-out. This tool empowers traders to calculate margin and pip values quickly before opening a trade, facilitating informed decision-making. Additionally, the Universal Calculator assists in defining optimal leverage and determining exact commissions on ECN accounts, further aiding traders in managing their trading activities effectively.

    For traders seeking speed and efficiency in order placement, Bitcore Pro offers the One Click Trading and Level2 Plugin. With this tool, traders can execute orders at the best available price with a single mouse click, which is particularly valuable in volatile FX markets. Moreover, the Level2 Plugin provides insight into market depth with five levels of liquidity for each currency pair, enabling traders to make well-informed trading decisions based on available volumes.

    Bitcore Pro's Currency Exchange Rates feature is beneficial for traders with multi-currency accounts. This tool provides accurate conversion rates when transferring between Bitcore Pro accounts with different base currencies, ensuring transparency and precision in currency exchanges. Additionally, traders can access historical rates for any date of their choice, enabling them to analyze past trends and make informed decisions regarding currency conversions.

    Trading Tools

    Customer Support

    For non-clients or those seeking general information about Bitcore Pro, an email address (support@bitcorepro.com) is provided. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877. Bitcore Pro also offers a customer support portal where traders can submit tickets to specific departments for assistance. To access the portal, traders can log in using their email and Bitcore Pro password.

    Customer Support

    Conclusion

    In conclusion, Bitcore Pro offers a diverse range of trading instruments and multiple account types, complemented by the widely utilized MetaTrader 4 and MetaTrader 5 platforms. However, the absence of regulatory oversight presents potential risks, further exacerbated by unclear information on deposit and withdrawal methods. Moreover, the lack of comprehensive educational resources and transparency regarding company policies and procedures may pose challenges for traders seeking guidance. Traders should approach Bitcore Pro with caution, conducting thorough research and comprehending associated risks before participating in trading activities.

    FAQs

    Q: Is Bitcore Pro regulated?

    A: No, Bitcore Pro operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

    Q: What trading instruments are available on Bitcore Pro?

    A: Bitcore Pro offers a range of trading instruments, including Forex, Indices, Oil, Gold, Cryptocurrency CFDs, and more.

    Q: What account types does Bitcore Pro offer?

    A: Bitcore Pro provides various account types, including Demo, Micro, STP, ECN, Crypto, PAMM ECN, PAMM STP, and PAMM Crypto Account, catering to different trading preferences and experience levels.

    Q: How can I contact Bitcore Pro's customer support?

    A: You can reach Bitcore Pro's customer support primarily through email at support@bitcorepro.com. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877.

    Risk Warning

    Trading online carries substantial risk, and there's a possibility of losing all your invested capital. It's crucial to understand that online trading may not be suitable for everyone. Please ensure you comprehend the risks involved and note that the details provided in this review could change due to updates in the company's services and policies. Additionally, the review's generation date is also significant, as information may have evolved since then. Hence, it's recommended that readers always verify updated information directly with the company before making any decisions or taking action. The reader bears sole responsibility for the use of the information provided in this review.

    News

    Caution: Stay Away from Bitcore Pro!!

    ExposureCaution: Stay Away from Bitcore Pro!!

    2024-04-03 17:37

    Bitcore Pro, formerly known as Tradersplate, has allegedly been involved in several reported online trading scams. This scam typically involves various tactics: gaining trust through frequent communication, encouraging investments with promises of high returns, persuading victims to deposit larger sums, preventing fund withdrawals, and ultimately disappearing with the funds.

    WikiFX
    2024-04-03 17:37
    Exposure
    Caution: Stay Away from Bitcore Pro!!

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