Brokercreditserviceltd.net Review: BCS Broker Credit Service Scam

 
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In this BCS Broker Service review, we provide reasons why the site (Brokercreditserviceltd.net) is setup in such a way that traders and investors will automatically get scammed.

If you lost money to BrokerCreditService Ltd, you can recover your funds by visiting this page and learning what other victims are doing to get back their money.

Brokercreditserviceltd.net Review: Why this broker is not legit

BrokerCreditService Ltd is an offshore broker targeting investors who can deposit 5000 EUR on their rogue platform.

The website is masquarading as a legit Forex and CFDs broker but in the real sense, the faceless owners have another kind of evil agenda.

This is why BCS Broker Credit Service is lying about their business in the marketing materials. They mislead traders by lying that BrokerCreditService Ltd has won multiple awards. We checked and found that this broker has never won a single award.

The broker is also enticing traders with lowest spreads and zero commission but when we investigate their agenda, we find that BCS Broker Credit Service is actually a market maker that is only concerned with depleting your investments.

The way people lose money to Brokercreditserviceltd.net is that they trade against their customers since they are market makers rather than ECN brokers.

The only way that this shady brokerage makes money is when you lose your trades. This is why Brokercreditserviceltd.net will hunt your stops and also widen spreads for you so that you can lose your entire deposit.

If you happen to be smarter than the thieves, then Brokercreditserviceltd.net will simply refuse to process your withdrawal requests.

They will also block your account if you persist.

BCS Broker Credit Service review: Not a regulated broker

The website of this broker is misleading as they are using the license of another broker with a similar name.

One of the regulators listed on the website of BCS Broker Credit Service is Bafin. Bafin is the financial regulator in charge of Forex and CFDs brokers operating out of Germany.

The link that this scam gives us can be found here. The page states that the license is for another broker called BrokerCreditService (Cyprus) Limited. The official website of the regulated broker is bcscyprus.com and you can see that this scam broker is a clone of the original site.

This is not the same company as BrokerCreditService Ltd. In other words, the broker is not regulated. They are not authorized to provide financial services.

An unregulated broker does not follow industry standards because nobody supervises their actions. This gives them much leeway to steal from their customers.

Also, an unregulated broker like BCS Broker Credit Service will not offer you any compensation in the event that the company goes under.

You lose your money forever if this happens. This is how risky Brokercreditserviceltd.net is.

The Conclusion of this Brokercreditserviceltd.net review

Do not trade or invest with an offshore and unregulated broker like BCS Broker Credit Service since it is a guarantee that they will steal your funds and possibly lock you out of your account.

There is also the possibility that these thieves can be extremely rude. You want to avoid brokers like BCS Broker Credit Service at all cost.

Thanks for reading this review. If they have scammed you, don’t hesitate to file a chargeback against them here.

Do you want to submit a broker or comment about their scam activities? BrokerProfile is the uncensored forum where you can discuss freely about good and bad trading service providers..

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