Risk Warning
Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.
General information and regulations
Bullet Global is registered in the US and appears to be a fraudulent broker without any credible regulation, with a history of no more than 2 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.
The current status of Bullet Global is uncertain, as its website is unavailable, and the domain is listed for sale, suggesting a potential change or discontinuation of operations. As a United States-based broker with no credible regulation, caution is advised when dealing with Bullet Global. The broker claims to offer the Meta Trader 5 trading platform, which is widely recognized but should be approached with caution given the regulatory concerns. Customer support is limited to email and a provided phone number, with no information available regarding additional support services.
Reviews of Bullet Global indicate numerous negative experiences from traders, including wrong signals, balance deductions, slippage, fraudulent pricing, and significant losses. The platform has been accused of engaging in fraudulent activities, withdrawal issues, account suspensions, and networking schemes. Overall, the lack of trustworthiness and reliability of Bullet Global is highlighted in the reviews.
Is Bullet Global Legit？
Bullet Global is a broker that operates without proper regulation or valid licenses. It has been flagged as illegal and has expired licenses. Moreover, it has been listed in WikiFX's Scam Brokers list, indicating potential fraudulent activities. It is crucial to be aware of the associated risks when dealing with such brokers.
The platform employed by Bullet Global is characterized as a Ponzi Scheme. This scheme operates by using the principle of value multiplication. It involves the circulation of funds, either through rolling or static methods, where the money from new members is used to pay the existing members. Essentially, it functions as a pyramid scheme that is hidden, deceptive, and socially harmful.
Fraudsters within the platform prey on people's desire for financial gain and clandestinely raise funds. However, as these platforms typically engage in fraudulent practices, they often disappear after one or two years of operation. Consequently, the fund-raising model employed by such platforms is generally sustainable for less than three years.
Given the absence of regulation, the expired licenses, and the platform's inclusion in the Scam Brokers list, it is advisable to exercise extreme caution and refrain from engaging with Bullet Global.
Screenshot time: 02/10/2023
The scores provided by WikiFX are dynamic and track the broker's movements in real time, so the scores screened at the current time are not indicative of past or future scores.
Pros and Cons
Bullet Global is a broker that claims to provide the Meta Trader 5 platform for trading. However, it is important to consider the cons associated with this broker. Bullet Global is listed in WikiFX's Scam Brokers list, indicating potential fraudulent activities. Additionally, it operates without proper regulation and lacks valid licenses, which raises concerns about its credibility and reliability. The broker also offers limited customer support options, further diminishing the overall experience. Moreover, Bullet Global is accused of operating as a Ponzi Scheme and potential pyramid scheme, adding to the risks involved. The platform has received numerous negative exposures and accusations of fraud, further highlighting its lack of trustworthiness. It is essential to exercise caution and consider these drawbacks before engaging with Bullet Global.
Current Status
Bullet Global's status is uncertain and raises concerns about its legitimacy and credibility. The domain “BulletGifx.com” is currently listed for sale at a price of $3,495, suggesting a potential change or discontinuation of the broker's operations.
Bullet Global is registered in the United States, but there is a lack of credible regulation associated with the broker. Its history spans no more than two years, which is a relatively short period. Unfortunately, detailed information about this broker is scarce and difficult to find online.
Considering the limited information available, it is advisable to exercise caution when dealing with a broker that lacks transparency and comprehensive details. It is always recommended to conduct thorough research and consult reliable sources such as WikiFX to gain at least a basic understanding of a broker's credibility and reputation.
le.
Trading Platforms
Bullet Global claims to provide its clients with the Meta Trader 5 trading platform, as mentioned on the WikiFX website. This platform is widely recognized in the industry and has gained popularity among traders for its features and capabilities. However, it is important to note that these claims are made by the company itself and should be approached with caution due to the aforementioned regulatory concerns.
The Meta Trader 5 platform is a comprehensive trading software developed by MetaQuotes. It offers a range of tools and functionalities that can assist traders in analyzing the markets, executing trades, and managing their portfolios. The platform provides access to various financial instruments, including forex, stocks, commodities, and indices, allowing traders to diversify their trading strategies.
With its user-friendly interface and customizable features, Meta Trader 5 allows traders to adapt the platform according to their individual preferences. It offers charting tools, technical indicators, and advanced order types to assist in making informed trading decisions. The platform also supports automated trading through the use of expert advisors (EAs) and allows for backtesting strategies.
While the Microsoft operating system compatibility is mentioned, it is important to note that this is a standard feature for most trading platforms and does not necessarily indicate any unique advantage specific to Bullet Global.
Customer support
The support service provided by Bullet Global is not very extensive. It can only be accessed via email and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Email: Market@bulletgifx.com
Phone Number: +44 07861732295
Users exposures
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Conclusion
Bullet Global is a broker that lacks credible regulation and has expired licenses. It has been listed as a scam broker by WikiFX and raises concerns about its legitimacy. The platform operates with a high potential risk, employing a fund circulation method that resembles a Ponzi Scheme. The broker preys on people's desire for money and often disappears within a short period, typically less than three years. The current status of Bullet Global is uncertain, with the domain “BulletGifx.com” listed for sale, indicating potential changes or discontinuation of operations. Due to the absence of transparency and comprehensive information, it is advisable to exercise caution and avoid dealing with Bullet Global.
FAQs
Q: What is the current status of Bullet Global？
A: The current status of Bullet Global is uncertain, and its legitimacy and credibility are questionable. The domain associated with the broker is listed for sale, suggesting potential changes or discontinuation of operations. Detailed information about the broker is limited, making it difficult to assess its reliability.
Q: Is Bullet Global a regulated broker？
A: No, Bullet Global operates without proper regulation or valid licenses. It has been flagged as an illegal broker with expired licenses. This lack of regulation increases the risk associated with dealing with this broker.
Q: What trading platform does Bullet Global offer？
A: Bullet Global claims to provide the Meta Trader 5 trading platform, which is widely recognized and popular among traders. However, caution should be exercised due to the regulatory concerns surrounding the broker.
Q: How can I contact Bullet Global's customer support？
A: Customer support at Bullet Global is available through email (Market@bulletgifx.com) and phone (+44 07861732295). However, it is unclear if additional support options are available, as the company's website is currently unavailable.
Q: What do reviews say about Bullet Global？
A: Reviews on WikiFX indicate that Bullet Global has received negative exposures and is considered a scam and fraudulent platform. Traders have reported issues such as wrong signals, sudden balance deductions, severe slippage, fraudulent pricing, and significant losses. The lack of trustworthiness and reliability of Bullet Global is highlighted in these reviews.
2024-08-07 11:50
2022-12-06 16:28
