A Swiss-based brokerage firm urges potential clients to “discover limitless opportunities and take control of their financial destiny” on its platform. The intermediary reports that its services are popular with traders from more than 100 countries. However, these words are not backed up by evidence. In addition, there is no information about the regulation of this company in any country.

Should you trust your funds to this trading resource? How safe is this project? In our BullWayPro review, we will look into some aspects to understand how reliable the broker is.

How to Trade

The company claims more than 50 thousand customers are satisfied with its platform. The broker offers trading in contracts for difference (CFDs). The firm has developed the following offerings for traders:

  • 7 account options.
  • Minimum deposit starting from $10,000.
  • More than 2000 types of assets.
  • More than 20 payment methods.

You can transfer an amount from $1M to an intermediary for trust management. Meanwhile, the website does not specify important parameters such as leverage size, spreads, and commissions.

The user can choose the account’s currency in BTC, LTC, or ETH when registering an account. 

Additionally, you will receive educational materials. A personal manager will provide you with consulting services. There is a feedback form on the website for customer support.

BullWayPro Vital Info

The brokerage claims to be “committed to customer success since 2022 and proud of its efforts.” However, there is no confirmation of this, but you can see the rebuttals. So, judging by the minimal number of reviews online about this service, this firm cannot have more than 50 thousand clients. Besides, the domain of the official site was created only on September 6, 2024. Therefore, it is very likely that the owners of the site give false information regarding the date of its launch.

Is this broker regulated? The Swiss company is required to obtain a license from FINMA. However, our search for BullWayPro in the register of financial organizations in Switzerland did not yield anything. ‌In addition, this brand is not listed in the global database of registered firms. As for the legal address in Zurich, anyone can rent a virtual office there via the Internet for 100 Swiss francs per month. Presumably, the owners of the project have not even done that, as the supporting documentation about the office rental is not available on their website.

FAQ

What are the key facts about BullWayPro?

The owners of the platform do not give their names and provide false information about the project's start date, as well as an unconfirmed address in Zurich. It should be noted that the website does not contain copies of registration certificates and regulator permission for the broker's activities in Switzerland. Finally, this brand is absent in the FINMA register and in the world database of legal organizations.

What's the risk to my wallet when working with this broker?

Obviously, this is an illegal project. Therefore, the broker can easily block your account or refuse to withdraw your funds. In addition to the risk associated with the lack of legal entity registration and license, margin trading itself is dangerous, where more than 75% of traders lose their money. Finally, it's important to realize that you won't be able to take advantage of a chargeback if you make payments in crypto.

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