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The WikiFX Score of this broker is reduced because of too many complaints!

Bitcore Pro

Poland|1-2 years|
Suspicious Scope of Business|High potential risk|

https://bitcorepro.com/

Website

Rating Index

Contact

+1 7389186877
support@bitcorepro.com
https://bitcorepro.com/
Trakt Lubelski 166 04-790 Warsaw Poland
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+1 7389186877

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Broker Information

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Company Name

Bitcore Pro Markets Limited

Abbreviation

Bitcore Pro

Platform registered country and region

Poland

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Bitcore Pro · WikiFX Survey

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Bitcore Pro · Company Summary

Bitcore Pro Basic Information
Company Name Bitcore Pro
Founded 2005
Headquarters Poland
Regulations Not regulated
Tradable Assets Forex, Indices, Oil, Gold, Cryptocurrency CFDs, and more
Account Types Demo, micro, STP, ECN, crypto, PAMM ECN, PAMM STP, PAMM Crypto Account
Minimum Deposit From $1
Maximum Leverage 1:500
Spreads From 0.0 pips
Commission Variable
Trading Platforms TickTrader, MetaTrader 4, MetaTrader 5
Trading Tools Universal Calculator, One Click Trading and Level2 Plugin, Currency Exchange Rates
Customer Support Email (Support@bitcorepro.com)Phone (+447389186877)
Bonus Offerings Yes(for STP and Micro accounts)

Overview of Bitcore Pro

Bitcore Pro, established in 2005 and headquartered in Poland, offers traders a variety of trading instruments through its unregulated platform. With account types catering to different trading needs and leveraging the TickTrader, MetaTrader 4, and MetaTrader 5 trading platforms, Bitcore Pro aims to provide accessible and professional trading services. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.

Overview of Bitcore Pro

Is Bitcore Pro Legit?

Bitcore Pro is not regulated. It's crucial to highlight that Bitcore Pro operates without valid regulation, indicating a lack of oversight from established financial regulatory authorities. Traders should proceed with caution and fully understand the risks associated with trading through an unregulated broker like Bitcore Pro. These risks may include limited options for dispute resolution, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. To safeguard their interests, traders are advised to conduct thorough research on a broker's regulatory status before participating in any trading activities, ensuring a more secure and reliable trading experience.

Is Bitcore Pro Legit?

Pros and Cons

Bitcore Pro presents a diverse range of trading instruments and multiple account types, along with the popular MetaTrader 4 and MetaTrader 5 platforms. Additionally, automated Forex trading is available to any Forex trader. However, the absence of regulatory oversight poses potential risks to traders, compounded by unclear information on deposit and withdrawal methods. Furthermore, the lack of educational resources and transparency regarding company policies and procedures may deter traders seeking guidance. Although automated Forex trading is available, traders should exercise caution when considering Bitcore Pro, ensuring thorough research and understanding of the associated risks before engaging in trading activities.

Pros Cons
  • Diverse range of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Offers multiple account types
  • Unclear information on deposit and withdrawal methods
  • Utilizes the popular MetaTrader 4 and MetaTrader 5 platform
  • Lack of educational resources or transparency regarding company policies and procedures
  • Automated Forex Trading is available to any Forex trader

Trading Instruments

Bitcore Pro offers a wide array of trading instruments, including global forex, indices, oil, gold, and cryptocurrency CFDs.

Trading Instruments

Account Types

Bitcore Pro offers a variety of account types tailored to accommodate the diverse needs of traders.

These accounts include Micro, STP, ECN, and crypto accounts, each equipped with expert advisors for automated trading. The Micro account, starting from just $1, operates on the MT4 platform, ideal for traders looking to start with minimal investment. The STP account, starting from $300 or equivalent, also utilizes MT4 and targets traders seeking access to Straight Through Processing (STP) execution. The ECN account, starting from $500, supports trading on MT4, MT5, and TickTrader, providing traders with Electronic Communication Network (ECN) execution. Additionally, crypto accounts, starting from $10, allow trading cryptocurrencies on the MT4 platform.

Furthermore, Bitcore Pro offers PAMM (Percentage Allocation Management Module) accounts, including PAMM ECN, PAMM STP, and PAMM Crypto Account, which enable traders to invest with experienced Masters who trade within the ECN or STP environment or trade cryptocurrencies against major currencies in the form of CFDs. PAMM ECN, PAMM STP, and PAMM Crypto Account also come equipped with expert advisors, allowing traders to benefit from automated trading strategies while participating in the Percentage Allocation Management Module (PAMM) system.

For novice traders, Bitcore Pro offers a demo account for risk-free practice.

Account Type Minimum Deposit Leverage Commission Spread Trading Instruments
ECN Account $500 (or the equivalent in another currency) Up to 1:500 From $1.5 per Standard lot ($100,000) Floating, from 0 pips 50+ FX Spot CFDs25+ Cryptocurrency CFDsShares CFDsIndex CFDsSpot Metals CFDsCommodity CFDs
STP Account From $300 (or the equivalent in another currency) Up to 1:500 No Floating depending on the buy/sell orders 50 currency pairs+ gold and silver
Micro Account From $1 Up to 1:500 No Floating 28 currency pairs+ gold and silver
Crypto Account From $10 (or the equivalent in another currency) 1:3 0.5% half-turn Floating 43 pairs with BTC, LTCEOS, PPC, ETHDASH, EMC
PAMM ECNAccount Depending on the offer parameters Up to 1:100 From $1.50 half-turn, dependant upon equity and traded volume Floating, from 0 pips 50 currency pairs, gold and silver, CFDs, Oil, Natural Gas
PAMM STP Account Depending on the offer parameters Up to 1:100 No Floating market spread from 0 pips 50 currency pairs + gold and silver
PAMM Crypto Account Depending on the offer parameters 1:3 0.5% of the transaction volume (half-turn) Floating Currency pairs with BTC, LTC
Account Types

How to Open a Forex Trading Account?

  • To open a trading account and start trading, you need to open an eWallet a tool for managing your funds and trading accounts in the My Bitcore Pro area, and then follow the steps below:

  • Log in to your My Bitcore Pro personal area;

  • Select the type of account you need;

  • Read and accept important documents;

  • Fill in the account opening form.

Once the process has been successfully completed, you will see the registration data for your new trading account. To be able to start trading on a Create Account, please add funds to your trading account via any available payment systems in My Bitcore Pro and install MetaTrader or use Web Trader. To get more information about how to add a trading account, please visit this link.

Leverage

The various account types offered by Bitcore Pro come with distinct leverage options tailored to suit traders' preferences and risk management strategies. The ECN, STP, and Micro accounts provide traders with up to 1:500 leverage. However, the Crypto Account maintains a more conservative approach, offering a leverage ratio of 1:3. For those engaging in the Percentage Allocation Management Module (PAMM), the ECN and STP accounts offer leverage of up to 1:100. Similarly, the PAMM Crypto Account maintains a leverage ratio of 1:3.

Spreads and Commissions

Each account type offered by Bitcore Pro is associated with specific commission and spread structures. The ECN Account incurs a commission starting from $1.5 per Standard lot ($100,000) traded, while the STP Account does not charge any commission. Similarly, the Micro Account also does not have commission fees. However, the Crypto Account will charge a commission of 0.5% of the half turn. For PAMM accounts, the PAMM ECN and PAMM STP Accounts incur commissions starting from $1.50 half-turn, which may vary based on equity and traded volume. In contrast, the PAMM Crypto Account applies a commission of 0.5% of the transaction volume, calculated half-turn.

Regarding spreads, all account types at Bitcore Pro utilize floating spreads. The ECN Account, PAMM ECN Account, and PAMM STP Account provide spreads starting from 0 pips. In contrast, the STP Account's spread varies depending on buy/sell orders. Similarly, both the Micro Account and the Crypto Account, along with the PAMM Crypto Account, feature floating market spreads.

Trading Platforms

Bitcore Pro provides its traders with a diverse selection of trading platforms to cater to their individual preferences and needs.

The TickTrader platform stands out as a brand-new addition, offering access to five of the most popular asset classes, including forex, stocks, commodities, indices, and cryptocurrencies, all within a single trading account. Specifically designed for the TickTrader platform is the TickTrader ECN account, facilitating both margin and deliverable trading.

For traders preferring the reliability of MetaTrader, Bitcore Pro offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4, recognized as the leading Forex trading platform, is available for Windows, Mac, and web browsers, ensuring accessibility across various operating systems. Similarly, MT5 retains the familiar user interface of MT4 while introducing new functions tailored to enhance traders' Forex trading experience. However, it's important to note that only ECN trading accounts are currently supported in MetaTrader 5.

Furthermore, Bitcore Pro offers mobile trading terminal versions for iOS and Android devices, allowing traders to access their accounts and execute trades conveniently from their smartphones or tablets.

Trading Platforms

Trading Tools

Bitcore Pro equips traders with a suite of trading tools designed to enhance their trading experience.

The Universal Calculator is a user-friendly tool that provides instant and precise calculations for commissions, margin, and pip values. By accurately calculating these parameters, traders can refine their trading strategies and mitigate the risk of loss and stop-out. This tool empowers traders to calculate margin and pip values quickly before opening a trade, facilitating informed decision-making. Additionally, the Universal Calculator assists in defining optimal leverage and determining exact commissions on ECN accounts, further aiding traders in managing their trading activities effectively.

For traders seeking speed and efficiency in order placement, Bitcore Pro offers the One Click Trading and Level2 Plugin. With this tool, traders can execute orders at the best available price with a single mouse click, which is particularly valuable in volatile FX markets. Moreover, the Level2 Plugin provides insight into market depth with five levels of liquidity for each currency pair, enabling traders to make well-informed trading decisions based on available volumes.

Bitcore Pro's Currency Exchange Rates feature is beneficial for traders with multi-currency accounts. This tool provides accurate conversion rates when transferring between Bitcore Pro accounts with different base currencies, ensuring transparency and precision in currency exchanges. Additionally, traders can access historical rates for any date of their choice, enabling them to analyze past trends and make informed decisions regarding currency conversions.

Trading Tools

Customer Support

For non-clients or those seeking general information about Bitcore Pro, an email address (support@bitcorepro.com) is provided. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877. Bitcore Pro also offers a customer support portal where traders can submit tickets to specific departments for assistance. To access the portal, traders can log in using their email and Bitcore Pro password.

Customer Support

Conclusion

In conclusion, Bitcore Pro offers a diverse range of trading instruments and multiple account types, complemented by the widely utilized MetaTrader 4 and MetaTrader 5 platforms. However, the absence of regulatory oversight presents potential risks, further exacerbated by unclear information on deposit and withdrawal methods. Moreover, the lack of comprehensive educational resources and transparency regarding company policies and procedures may pose challenges for traders seeking guidance. Traders should approach Bitcore Pro with caution, conducting thorough research and comprehending associated risks before participating in trading activities.

FAQs

Q: Is Bitcore Pro regulated?

A: No, Bitcore Pro operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on Bitcore Pro?

A: Bitcore Pro offers a range of trading instruments, including Forex, Indices, Oil, Gold, Cryptocurrency CFDs, and more.

Q: What account types does Bitcore Pro offer?

A: Bitcore Pro provides various account types, including Demo, Micro, STP, ECN, Crypto, PAMM ECN, PAMM STP, and PAMM Crypto Account, catering to different trading preferences and experience levels.

Q: How can I contact Bitcore Pro's customer support?

A: You can reach Bitcore Pro's customer support primarily through email at support@bitcorepro.com. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877.

Risk Warning

Trading online carries substantial risk, and there's a possibility of losing all your invested capital. It's crucial to understand that online trading may not be suitable for everyone. Please ensure you comprehend the risks involved and note that the details provided in this review could change due to updates in the company's services and policies. Additionally, the review's generation date is also significant, as information may have evolved since then. Hence, it's recommended that readers always verify updated information directly with the company before making any decisions or taking action. The reader bears sole responsibility for the use of the information provided in this review.

News

Caution: Stay Away from Bitcore Pro!!

ExposureCaution: Stay Away from Bitcore Pro!!

2024-04-03 17:37

Bitcore Pro, formerly known as Tradersplate, has allegedly been involved in several reported online trading scams. This scam typically involves various tactics: gaining trust through frequent communication, encouraging investments with promises of high returns, persuading victims to deposit larger sums, preventing fund withdrawals, and ultimately disappearing with the funds.

WikiFX
2024-04-03 17:37
Exposure
Caution: Stay Away from Bitcore Pro!!

Review 10

10 Comments
Write a comment
All(10) Latest Exposure(10)
Exposure
Despite being cautious, I was deceived.
The person initially contacted me via Instagram and later switched to Line to chat about everyday life topics. After getting to know each other for over half a month, they suddenly asked if I wanted to know what their job was. Initially, I said I never pry into matters that don't concern me. They then claimed that they had been hacking into Taiwanese currency since their divorce a few years ago, making nearly 4,000 Taiwanese dollars from an initial capital of 10,000. Knowing that I am a single mother who suddenly lost her job and needed to support my child, they expressed a desire to help me make money. Driven by the urgency to earn some living expenses, I misused 10,000 of my mother's savings for the first time and indeed profited 3,600. There were also transfers to Bitget to exchange funds with merchants. Thinking of it as a small investment, I continued using my mother’s savings. By the fourth time, they took the initiative to say they wanted to help me achieve my dream by opening a studio. They helped me invest 53,128 USDT into an online exchange (https://coinnbit.com) for one last big transaction of nearly two million Taiwanese dollars. That night, I applied for withdrawal but saw my account frozen the next morning. I immediately sent them a screenshot, and they were upset, accusing me of possibly causing the freeze by clicking something wrong. They told me to contact customer service. The customer service mentioned a suspected hacker intrusion and requested a verification deposit of over 760,000 Taiwanese dollars within 7 days. Then he called and urged me to borrow money from everywhere possible—underground banks, credit loans, etc. On the last day of our conversation, he told me that if the money didn't get into the trading website, I would end up in jail as the customer service would file a complaint. Afterwards, he changed his name and we lost contact.
FX2268337460
08-27
Exposure
Bitcome fake trading platform revealed
The fraud group uses IG to target the person, chat on line, understand the other person's financial situation and emotional status, and then construct a false future. Using the other party's work as an "invasion" is similar to careers such as hacking, telling you that every stock market and virtual currency in the world is operated by someone, and telling you to put your money in the bank, otherwise you can make faster money by investing in virtual currencies. Instead of asking a bank to lend your money to someone else, use the program it is working on now. At the beginning, he takes you to websites such as bitcome.pro or bitcomeos.com or bitcome.com or bitcomeas.com, uses a VPN accelerator to erase your IP location, teaches you to download legal exchanges, and uses Taiwan’s cooperation. The currency exchange dealer or the person they have defrauded said that this transaction can allow him/her to make a small profit. Furthermore, if you cooperate with the defrauded party who buys and sells virtual currency to a complete novice, you will see profits on the website twice in the first two days, and you will also be able to withdraw money smoothly. Subsequent fraudsters will induce you to invest the second profit again, and then they will persuade you every day on the grounds that the company has received the message that there is only one chance to make another profit, and there are not many, etc. Deposit and recharge, he will even hope that this is the funds to build the future together, and he will invest together. In addition to investing in his own company, he will also help you. He will use fake currency withdrawal records and customer service to let you I believe this investment is two people in the same boat. It’s safe to say that no one will make fun of themselves with their own money. When you are willing to deposit money again, the other party will use the spirit of a vampire to constantly wear you down, asking you to seize the opportunity, and teach you how to take out a loan or cash out your credit card if you have no money. He will tell you that he will not harm you because he also has money in it. When he feels that you have almost reached the set performance target, for example, the two of you have agreed to set a goal of 300,000 Usdt, he will start to delay... saying that the company said that the transactions received are unstable, and will see if he can let you recharge more amount. , once you are sure that all your money is in it, there will suddenly be another trading opportunity for options to quickly double. The whole process uses voice and screenshots to guide you step by step to see the dilemma of doubling the amount but not being able to get it! In the next step, he will ask you to withdraw it as if nothing has happened, but you find that you cannot withdraw it from the platform. After asking customer service, you will find out that you have to pay taxes and verification fees, which may be 20% or 30% of the current amount. He will continue to sell miserably and ask you to share the tax with him. Because all the company's funds are on this platform, he will also find a way to generate this money. He will say: "When the money is taken out, I will lend it to him." Pay the company's taxes. "When the matter is settled, he will come to you immediately, and so on. In fact, the players and referees are all the same people. When you find out that the other party is a scammer, he will threaten you by saying that he has your videos, photos, or personal information, telling you that he knows everything about you, including who you are communicating with on your mobile phone. In fact, you only know your address and ID card because the website platform requires you to keep the ID card image when registering. So of course the other party knows! When you pass the time to pay taxes, the other party will threaten you and ask you to pay back the money on the grounds that you ignored his money.
FX1153540451
07-13
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