BLOCKOTRADES

General Information & Regulation

BLOCKOTRADES is allegedly a forex and CFD broker founded in 2017 and registered in the United States that claims to provide its clients with various tradable financial instruments on six different investment plans. Here is the home page of this brokers official site:

As for regulation, it has been verified that BLOCKOTRADES does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.11/10. Please be aware of the risk.

Market Instruments

BLOCKOTRADES advertises that it offers access to a wide range of trading instruments in financial markets, including forex, metals, stocks and CFDs on cryptocurrencies of Bitcoin, etc.

Investment Plans

BLOCKOTRADES claims to offer six types of investment plans, but the only specific information about them is the minimum initial deposit. The amount is $100, $300, $500, $1,000, $5,000 and $10,000 respectively.

Deposit & Withdrawal

BLOCKOTRADES says to accept deposits and withdrawals via Bitcoin and Ethereum. The minimum initial deposit requirement is said to be only $100, while there is no mention of what the minimum withdrawal amount is.

Bonuses

BLOCKOTRADES claims to offer a $50 referral bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

BLOCKOTRADES customer support can be reached by telephone: +17189055873, email: admin@blockotrades.com or live chat. You can also follow this broker on social networks such as Twitter and Facebook. Company address: North Mountain Village Phoenix, AZ 85020.

Risk Warning

Online trading involves a significant level of risk and you may lose all of 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 in this article is for general information purposes only.