BitindiciesKryptotrade is an online platform offering CFD trading in forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. The platform claims to be operated by a UK-registered company and boasts over 23 years of financial trading experience. However, upon verification, it is found that the platform does not have a real company entity.
Company Background
BitindiciesKryptotrade claims on its homepage to be a UK-registered company with the number 12233090 and 23 years of financial trading experience. Additionally, the platform displays a UK company registration certificate showing the company name as TRADE HORIZONS LIMITED, registration number 08778677.
A search in the UK Companies House shows that the company with registration number 12233090 is actually GOLDFIELD LIMITED, and the company with registration number 08778677 is indeed TRADE HORIZONS LIMITED. However, neither of these companies is authorized by the UK Financial Conduct Authority (FCA).
Furthermore, the "ABOUT US" page of the platform indicates that the company was registered in Australia in 2013, but this content is identical to the corporate development history on the broker TMGM's official website.
Trading Platform
The platform does not clearly specify the trading software it provides on its website. Users can only register and trade through its proprietary web-based trading system, with no information available about mainstream trading software such as MetaTrader 4 or MetaTrader 5.
Types of Trading Accounts
BitindiciesKryptotrade offers four types of accounts:
Premium PACKAGE
- Minimum Deposit: $500
- Maximum Deposit: $2,499
- Applicable Trading Types: Short-term and long-term trading
- Base Currency: USD
- Spreads: From 1.9 points
- Leverage: 1:10
- Other Features: Full IT support, referral bonuses, hedging allowed, real-time chart support
FLEXIBLE PACKAGE
- Minimum Deposit: $2,500
- Maximum Deposit: $25,000
- Applicable Trading Types: Short-term and long-term trading
- Base Currency: USD
- Spreads: From 1.7 points
- Leverage: 1:5
- Other Features: Full IT support, referral bonuses, hedging allowed, real-time chart support
Bronze PACKAGE
- Minimum Deposit: $25,000
- Maximum Deposit: Unlimited
- Applicable Trading Types: Short-term and long-term trading
- Base Currency: USD
- Spreads: From 1.4 points
- Leverage: 1:10
- Other Features: Full IT support, referral bonuses, hedging allowed, real-time chart support
PROMO PACKAGE
- Minimum Deposit: $1,500
- Maximum Deposit: $50,000
- Applicable Trading Types: Long-term trading
- Base Currency: USD
- Spreads: From 1.1 points
- Leverage: 1:15
- Other Features: Full IT support, referral bonuses, hedging allowed, real-time chart support
Deposit and Withdrawal Methods
The platform does not specify the supported deposit and withdrawal methods on its website, nor does it provide information about the processing times or whether there are additional fees.
Regulatory Information
The website claims that it is regulated by two financial jurisdictions:
- Australia (ASIC): The platform claims its Australian entity is BitindiciesKryptotrade Australia Pty Ltd, with regulatory number 436416. However, upon verification, this number actually belongs to the broker TMGM's registered entity in Australia, Trademax Australia Limited.
- Vanuatu (FSC): The Vanuatu regulatory entity displayed on the website Trademax Global Limited also belongs to TMGM.
Company Address and Employee Information
The platform lists its company address as "76-78 Wolverhampton Road, Cannock, England." However, a search on the UK Companies House shows no active registered companies at this location. Additionally, the website does not provide any employee information, and no information about the company's members can be found online.
Website Information and Traffic
According to Semrush data, BitindiciesKryptotrade's website receives fewer than 100 visits per month, indicating extremely low usage. Furthermore, the platform's site design uses the same template as several known scam platforms (such as TradesproMaestro, PhemaxCryptotrade, OctexMarkets), suggesting it is created as part of a mass production of scam websites.
User Reviews and Brand Exposure
There are no user reviews or news reports about BitindiciesKryptotrade available online.
Contact Information and Social Media
The website only provides email addresses ([email protected] / [email protected]) as contact information. The platform has not established any official accounts on major social media platforms such as LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Risk Report
Based on the information above, BitindiciesKryptotrade presents several risks that need attention:
- Company Entity In Question: Verification shows a discrepancy between the claimed company entity and the actual registration information, and no real company entity exists.
- Regulatory Information Mismatch: The Australian and Vanuatu regulatory information provided by the website is actually for TMGM's registered entities, and BitindiciesKryptotrade itself is not authorized by any financial regulatory body.
- Extremely Low Website Traffic: Semrush data indicates the website receives fewer than 100 visitors per month, showing minimal market influence.
- Website Template Repetition: The platform uses the same web template as several known scam websites, indicating potential risks.
- Non-transparent Trading Platform: No mainstream trading software is provided; users must use the proprietary web-based trading system.
- Lack of Deposit and Withdrawal Information: The website does not provide information on deposit and withdrawal methods, processing times, or fees, showing a lack of transparency.
- Lack of User Reviews and Brand Exposure: There are no user reviews or news reports available about the platform online.
- Limited Contact Options: The platform only offers email contact and has no official channels on any social media.
In conclusion, BitindiciesKryptotrade has significant information gaps and inconsistencies, demanding high caution from investors when selecting such platforms. It is essential to verify related information thoroughly to ensure the safety of funds.
