BearsBulls Review – Pattern Built Forex Scam Site

The BearsBulls scam belongs to that category of textbook frauds with the most recurring and cheapest brokerage site template on the market. The perpetrators apparently have no knowledge of Forex or anything related to it, so the information on the site is kept to a bare minimum. 

However, that doesn’t make them less dangerous than any elaborate sham at all. Our BearsBulls review explains how this scheme operates and what you can do in case of stolen funds.

Regulated by:	Unregulated Broker
Is This Company Safe?	No, this company is illicit and completely anonymous.
Known Websites:	bearsbulls.net bearsbulls.pro
Have Warnings from:	N/A
Registered in:	UK (alleged)
Operating since:	2024
Trading Platforms:	Web terminal
Maximum Leverage:	1:1000
Minimum Deposit:	$2.500
Deposit Bonus:	Up to 25%
Trading Assets:	Forex, Stocks, Indices, Crypto, Commodities
Free Demo Account:	Not available
How to  Withdraw from This Company?	You won’t be allowed to withdraw from this scam site unless you get help from legal professionals!

One Desperate Swindler

The scarce legal documents found on the website declare that the scheme is run by a company allegedly called BearsBulls Group AS, registered in the UK. However, we quickly proved that to be a complete lie, as the UK Companies House has no such entity registered, and FCA, the main regulatory body, has never licensed them.

There’s practically no information available about this business, at all. However, FinTelegram was the first to discover their apparent connection with scam affiliate campaigns and has alerted the public about it. Otherwise, no known particularities exist. 

While proper licensing matters, sometimes even the presence of a regulation doesn’t suffice, especially if it’s an offshore one, like in the case of TMi Markets. So only pick the companies that are properly supervised.

How Boiler Room Fraud Works

The BearsBulls broker scheme is very young, with the bearsbulls.com site being created in January 2024. This explains the lack of any BearsBulls reviews on popular platforms, as well as the negligible online presence as a whole.

Measuring website traffic tells us that the majority of victims live in these areas:

• Germany
• United States
• Denmark
• Austria

The vast majority of these con schemes, including Finpro Business for instance, work as so-called boiler rooms. These are scam call centers, where boiler room agents work to get new victims to join. They do so by phone, social networks, instant messaging services, or emails.

Most commonly, they will introduce themselves as some finance expert from a major brokerage. Then, following a script, they start persuading their marks to invest. The money, however, ends up in the con artists’ own pockets. Recovering it is still possible, so contact our professionals for help.

Trading Under Risk

The biggest warning about a company’s fraudulent intentions and lack of regulation is the available leverage. If an online trading firm offers leverage higher than 1:30 or 1:50, you can immediately tell they’re not well licensed. In this case, the exposure is set to a maximum of 1:1000, which is terrifyingly high.

No such term as fees, spreads and commissions are even remotely mentioned on the site, however. That suggests the potential existence of hidden fees, although the cons always like to claim how they charge nothing.

Bonuses With Hidden Clauses

Deposit bonus available ranges from 10% to 25%, depending on the package you decide to purchase. Beware, however, of the malicious bonus terms, such as trading volume requirements. Swindlers purposely omit any details related to this problem, so they can have victims caught by surprise later.

Features are a Waste of Money

This alleged “best crypto and forex broker” with a “best platform for margin trading” is nothing but a common deceiver targeting Forex novices. If you take a closer look at the features, you’ll see nothing worth your investment. From defunct BearsBulls trading software and dirty expensive accounts, everything you find is practically useless.

Trading Room

Easily accessible, even without a BearsBulls login, the web-based terminal available doesn’t even resemble reliable, fast and feature-rich software. 

The evident lack of advanced options and progressive analytical tools efficiently prevents users from making educated decisions on the market. Therefore, it’s wise to rather choose a renowned platform like MT4, MT5 or cTrader, instead of anonymous and easily manipulated terminals. 

Shabby Choice of Instruments

Judging from the quality of the BearsBulls trading platform, it’s questionable whether any actual trading takes place on the platform. The company does include some trading instruments, however, but the selection is nothing spectacular.

Let’s look at a few examples now:

• Forex – EUR/USD, AUD/CAD, CHF/GBP, USD/JPY
• Cryptocurrencies – BTC, ETH, ADA, XRP, DOGE
• Stocks – Lufthansa, Heineken, Siemens, Volkswagen
• Commodities – Brent, Cocoa, Platinum
• Indices – CAC 40, DAX40, NASDAQ

Overpriced Promises

Every single of the packages sold by these swindlers allegedly features options like daily signals, fund managers, dedicated analysts, bonuses and similar. 

Cyber criminals will spark interest in their victims while promising whatever their targets want to hear. However, once you see the prices, you’ll understand that it’s all just plain robbery:

• Basic – $2.500
• Silver – $10.000
• Gold – $25.000
• Platinum – $100.000

Swift Withdrawals? Not Likely!

While you may feel secure with the promises made by these miscreants, let us immediately tell you they’re all lies, especially concerning payouts. The site doesn’t have a separate BearsBulls withdrawal policy and doesn’t go into details about how transactions are performed. You’ll only be notified about KYC being mandatory. 

Furthermore, the site also claims to process requests in just 3 days without any additional costs, but that simply sounds too good to be true.

Zero Client Care

The company website doesn’t feature a dedicated support page. Instead, you’ll have to refer to the contacts, where you’ll find a phone number that nobody answers, and a dysfunctional email address. This is a common strategy that makes you rely on the con artist that pulled you into the scam in the first place.

Lost Money On a Scam? Get It Back!

This broker, if you can call it that, is a fraudulent circle intended to quickly and efficiently part you from your money. The swindle does not exist as an entity outside of its boiler room. It’s not a registered firm, nor does it have any necessary business license.

The people that run these bamboozles are real tough customers. If you need help recovering the money from these swindlers, contact our legal expert via the live chat. We’re available 24/7, and our first consultation is free.

FAQ Section

What is BearsBulls?

The site is run by fraudulent individuals that are looking to profit by deceiving Forex investors.

Is BearsBulls Legit?

No, despite their claims about being a reputable UK firm. The conduct doesn’t exist and it owns no license.

How to Get Money Back From a Financial Scammer?

It is wise to consult a legal expert who can help you start chargeback. Our team of recovery professionals can help you with constructive advice and guidance.