BullCopytrade is an emerging online trading platform with its domain registered on September 6, 2023. Although the platform claims to be operated by Bull Trading Ltd and regulated by the Seychelles Financial Services Authority (FSA), no relevant registration information was found upon investigation. In fact, the Seychelles FSA has placed this platform on its warning list, indicating that it is not under any effective regulation. The official website for BullCopytrade is: https://bullcopytrade.com/
Background and Regulatory Information of BullCopytrade:
The domain of the platform was established on September 6, 2023. There is no registration information for this company in Seychelles.
The platform claims to be operated by Bull Trading Ltd and regulated by the Seychelles Financial Services Authority (FSA). However, no corresponding company name was found in the Seychelles FSA records, clearly indicating that the platform's claims are false and it is not regulated.
Moreover, the Seychelles Financial Services Authority (FSA) has issued a warning against this platform, advising to stay away!
Account Registration Process for BullCopytrade:
- Visit the official BullCopytrade website and click the register button
- Fill out the application form
- Submit identity verification documents
- Deposit funds and start trading
Types of Accounts Offered by BullCopytrade:
BullCopytrade offers four types of accounts: Standard, Advanced, NFP, and BTC. Each category includes five account types. Here are the details of the Standard accounts:
CORPORATE PLAN
- Returns: 40% - 45% PIPS
- Minimum Deposit: $50,000
- Maximum Deposit: Unlimited
- Trading Commission: 10%
ULTIMATE PLAN
- Returns: 35% - 40% PIPS
- Minimum Deposit: $20,000
- Maximum Deposit: $49,999
- Trading Commission: 10%
PREMIUM PLAN
- Returns: 30% - 35% PIPS
- Minimum Deposit: $10,000
- Maximum Deposit: $19,999
- Trading Commission: 10%
MASTER PLAN
- Returns: 25% - 30% PIPS
- Minimum Deposit: $5,000
- Maximum Deposit: $9,999
- Trading Commission: 10%
STANDARD PLAN
- Returns: 20% - 25% PIPS
- Minimum Deposit: $3,000
- Maximum Deposit: $4,999
- Trading Commission: 10%
These account types offer different ranges of returns based on minimum and maximum deposit requirements, all with the same trading commission. Users can choose the account type that suits their investment amount and expected returns.
Trading Software of BullCopytrade:
BullCopytrade has not disclosed detailed information about its trading software yet.
Trading Products of BullCopytrade:
BullCopytrade offers a wide range of financial trading products to meet the needs and strategies of different investors. These products include:
Forex CFDs: Trade major global currency pairs like EUR/USD, GBP/USD, etc.
Bond CFDs: Trade government and corporate bonds through CFDs without actual ownership. Investors can speculate or hedge using bond market fluctuations.
Cryptocurrencies: Supports trading of various mainstream cryptocurrencies like Bitcoin, Ethereum, etc.
Stock CFDs: Trade stock CFDs of globally renowned companies such as Apple, Google, Amazon, etc. Investors can profit from rising or falling stock prices by going long or short.
Commodity CFDs: Covers trading of major commodities like gold, silver, oil, etc.
Index CFDs: Trade CFDs of major global stock market indices like S&P 500, Dow Jones Industrial Average, Nasdaq Composite, etc.
Futures CFDs: Offers CFDs on various futures contracts covering energy, metals, and agricultural products.
By providing these diverse trading products, BullCopytrade offers investors a comprehensive and flexible investment platform, helping them find suitable investment opportunities and strategies under different market conditions.
Deposit and Withdrawal Methods for BullCopytrade:
BullCopytrade offers multiple deposit and withdrawal methods to ensure traders can flexibly and conveniently manage their account funds. The supported methods are:
- Visa
- PayPal
- MasterCard
- Neteller
- Skrill
- Bank Transfer (Wire Transfer)
These options provide traders with a variety of choices to select the most suitable payment method according to their personal needs and preferences.
Customer Support of BullCopytrade:
Email:
- Clientrelations@bullcopytrade.com
- Support@bullcopytrade.com
- Accounts@bullcopytrade.com
Phone:
- +1 (606) 229-7623
- +44 7888 880119
Conclusion:
BullCopytrade offers various financial trading products and account types to meet the needs of different investors. However, given its opaque regulatory background and false advertising, investors should be highly vigilant and carefully choose trading platforms to ensure the safety of their funds. Investors should prioritize platforms with transparent regulatory information and a good reputation to safeguard their interests before engaging in any financial transactions. BullCopytrade is listed as "Suspected Fraud" on TraderKnows.
