BullCFDs is one of the scam brokers operating out of the St.Vincent and the Grenadines (or that is what they claim).

Reviews from victims of this fraud indicate that Bull CFDs is not processing withdrawals, and is also blocking accounts of their traders.

For this reason, we’re warning you against signing up and transferring funds to BullCFDs.com bank accounts because this is clearly an illegal scheme aimed at stealing your deposit.

If you have lost funds in this scam or any other investment fraud on the internet, you should file your complaint here to get your money back.

BullCFDs review: Not Legit but a scam broker

The broker is pretending to offer a legit trading platform for Forex, Indices, Stocks and Commodities. They welcome traders into the rogue platform as long as one can deposit at least $250.

We do not know what happens when a trader deposits less than the recommended minimum but our guess is that the broker will still pocket this money and ignore the victim.

Bull CFDs is an offshore broker, meaning that they present all the risks involved in trading with an offshore and anonymous broker.

BullCFDs.com is operating in a similar manner to scams like UniGlobal Assets and DGTL Trade.

The broker is also providing conflicting information with regards to their physical address. On one hand they claim to be from St. Vincent and the Grenadines but on the other, they provide a United Kingdom address and phone number.

We actually don’t know the exact location of BullCFDs because the scam does not want to disclose those details either.

Lack of trasparency is a major concern among offshore brokers, and this does not catch us by surprise.

The broker has also failed to provide details of the company that runs the operations of their website. They want traders to trust them even when they are not upfront with key details such as company status and physical location.

We treat these things as red flags, and if you ignore them, the reality will soon come to pass.

BullCFDs Broker Review: Not authorized to provide financial services

The broker is not authorized by any financial regulator anywhere in the world. They have failed to provide their licensing number so that we can verify their license status.

The only reason why a broker would refuse to provide these critical details is because they are not licensed in the first place.

That said, financial regulators are warning traders and investors against using such trading platforms due to the risk that comes with trading on those platforms.

An unregulated broker will not put your funds in a segregated account and this means they can use your money at any time since customer funds are not separated from company’s operation capital.

On the other hand, regulators require all Forex and CFDs broker to use segregated accounts for this purpose.

Another thing is that unregulated brokers such as BullCFDs are not audited and their bad conduct will always go unnoticed since no one is actually watching how they conduct business.

Also, unregulated brokers are not members of a compensation scheme. The kind of arrangement ensures that traders are insured so that in case the company goes under, victims can recover their deposits.

And by trading with BullCFDs, you risk facing all the disadvantages mentioned above.

Conclusion of this broker review

The broker is not trusted by anyone. We have looked at reviews from people who are claiming to have traded with Bull CFDs and our understanding is that these reviews cannot be trusted or verified.

The reviews are posted all over the internet by people whose identities cannot be verified. Therefore, the authenticity of those reviews is questionable.

As it currently stands, BullCFDs is a dangerous broker to trade with. If you would like to recover your funds from such a scam, you can do so by following our advice here.

Thanks for reading this review.