Are you thinking to invest with Polarbtc broker? Read this Polarbtc Review to understand if it is a scam or genuine broker and your money is safe with them or not.
Scam Victims Help has extensively researched the Polarbtc Review and found several red flags that every trader should be aware of. Read our Polarbtc review today to learn everything you need to know about this broker before signing up.
Broker Website – https://www.polarbtc.com/
Headquarters or Area of Operation – 5 Churchill Pl, London E14 5HU, United Kingdom
Warnings – Not Recommended By Review Website Like Scam Victims Help
Polarbtc is nothing exceptional and adheres to the standard FX scam framings. As you will see in the review that follows, which offers some much-needed information on certain essential elements, this broker is a risk.
Regulation of Polarbtc and fund safety
Polarbtc is a typical example of a fraudster broker. It has a confusing list of legal contradictions that don’t make sense when put together, so they cancel each other out.
The first of them is just a statement that the broker is “registered under the law,” without any more explanation of what exactly this “law” and the applicable jurisdiction are. Technically speaking, we are also protected by the pertinent local legal frameworks. However, unlike Polarbtc, which is selling its services while failing to keep its users safe, we are not here to sell our services.
The most important piece of information is the UK address in the footer, which shows that Polarbtc is registered and regulated in the UK. Since one cannot be true without the other, this information is crucial. Everyone wants to move to the UK, and it’s understandable why: an FCA regulation is a seal of approval from one of the best in the field. However, in the case of Polarbtc, there is no FCA license and never will be given how abhorrent this broker truly is. We won’t delve any deeper at this time. You only need to be aware that Polarbtc is not FCA-regulated and that its purported registration is a fraud.
Software for trading Polarbtc
Without additional evidence of the software’s existence, we have nothing to offer our readers here. The software appears to be some sort of web trader. How can we be certain that it is as sophisticated as it claims to be with all the options and features? In all sincerity, we don’t believe that any software exists.
The only thing left to add is links to some excellent MT4 and MT5 providing brokers who are superior to this one in every way.
Deposit/Withdraw methods and fees for Polarbtc
The website has collected all of the payment information, thus it is not fixed. There is no way to verify any of the information presented here, and it is impossible to determine the actual trade payments.
The minimum deposit is $250, and as far as we are aware, there are no additional costs of any kind. There are no payment options anywhere that we can locate. And basically, that’s all we have to offer. As an alternative, we can provide our users with real, licensed brokers that have very minimal minimum deposit requirements.
There is not much we can say or do about Polarbtc’s lack of additional payment information. But since Polarbtc is illegal and a scam, our readers shouldn’t be too concerned about this. So, regardless of the state of the payment methods, it is not worthwhile to invest.
How to respond if conned?
The best chance you have of getting your money back is to file a chargeback with your credit or debit card company. For MasterCard and VISA, the chargeback period is 540 days. But only if you invested using a card or an e-wallet that accepts card payments can this occur.
Bank transfers are much more difficult to track down, so your only option is to contact the bank directly and attempt to work out a compensation plan. However, there is no assurance that it will. If you find yourself in this situation, our advice is to change your login and password for your bank account right away.
Then there are cryptocurrency transactions, which cannot be tracked and are thereafter permanently lost. Therefore, be cautious to avoid using any cryptocurrency-based payment methods with unlicensed brokers.
Is Polarbtc Legit or a scam? Final Thoughts
Sometimes scammers are increasingly using legitimate firms’ details to add an air of legitimacy to their scams. The fraudsters will ‘borrow’ some information from a legitimate firm for the purpose of fraud. They may quote authorization numbers/company registration numbers and links to seemingly legitimate websites and even provide the real address of an authorized/ legitimate firm.
Consumers are advised to check our scam broker 2023 page to verify company details and to call the firm back directly using its advertised phone number. Always access the register from our website, rather than through links in emails or on a company/ person’s website.
To sum up, all that has been said above in this Polarbtc review, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution.
Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in taking the right decision.
We suggest investors stay away from this broker and go for the genuine one. If you have been a victim of Polarbtc scam or any other broker, do not feel embarrassed.
File a complaint against Polarbtc fraud right now and get instant help from our team in fund recovery!
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