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247BtcClub Broker Review

247BtcClub Broker Review
Borina
247BtcClub is the latest broker we decided to review. This broker is using the “BTC” in their name, as it reminds traders of crypto trading. After All, BTC is short for Bitcoin. But does this broker has anything to do with crypto trading, bitcoins, or any other crypto currency. With this review, we will help... Read more
247BtcClub is the latest broker we decided to review. This broker is using the “BTC” in their name, as it reminds traders of crypto trading. After All, BTC is short for Bitcoin. But does this broker has anything to do with crypto trading, bitcoins, or any other crypto currency. With this review, we will help traders find out more about 247BtcClub broker. We will review different account types, software and trading interface, as well as the customer support and banking methods and promotions available for traders. Also, we will try to find out whether or not 247BtcClub is a scam. We do not promote this broker. Please trade only with regulated brokers like IQ Option!
  1. 247BtcClub is the latest broker we decided to review. This broker is using the “BTC” in their name, as it reminds traders of crypto trading. After All, BTC is short for Bitcoin. But does this broker has anything to do with crypto trading, bitcoins, or any other crypto currency.

    With this review, we will help traders find out more about 247BtcClub broker. We will review different account types, software and trading interface, as well as the customer support and banking methods and promotions available for traders. Also, we will try to find out whether or not 247BtcClub is a scam.

    We do not promote this broker. Please trade only with regulated brokers like IQ Option!

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
  3. 247BtcClub Special features

    247BtcClub broker review showed how this broker offers four different account types with prices ranging from $250 to $50,000. The accounts are as follows:

    Standard Account – $250 deposit

    • Access to the trading interface
    • Limited trading features

    Classic Account – $2,500 deposit

    • Access to the trading interface
    • All trading features
    • Live chat support

    Premium Account – $25,000 deposit

    • Benefits of Classic Account
    • SMS signals
    • Vip manager
    • More info in auto charts
    • Individual direct phone line

    Gold Account – $50,000 deposit

    • Benefits of Platinum Account
    • One-on-one trading and special promotions
    • Personal reports on stock markets

    So, to conclude – traders who decide to make only a minimum deposit won’t get access to any of the useful features. Actually, they are only paying access to the trading interface, as there is not even a live chat that could help them gather more information on some frequently asked questions. It is not uncommon that brokers have different account features for different deposit amounts, but we have encountered this approach only twice: with TQRtrade and 247SmartFX. It seems that all three brokers are part of the same company – A. Eternity Capital Management Ltd.

    247BtcClub Demo Account

    We were hoping that 247BtcClub will be one of the brokers that offer a free demo account, but we hate to say that they don’t have one. The demo account is a special account type that contains virtual money, but real tools and platform feature, thus allowing traders to test the platform in the best possible way, but without the need to trade real money. Most demo accounts are either limited by time or money, which means that every trader should grab a chance to use it as long as possible. 247BtcClub doesn’t offer traders any opportunities to check the platform prior to registration and deposit.

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  6. 247BtcClub Trading software

    247BtcClub review showed how this broker claims that there is a web trading platform, a Windows trading platform, and two mobile apps. However, it failed to deliver any additional information that traders might find useful. Usually, broker always provides a quick glance at the platform, even if they don’t have a demo account. In this case, you will have to deposit $250 to see the platform, and then $2,500 to get access to all tools and features available. Unfortunately, if you want to see the platform before you deposit, you won’t have any luck with this broker.

    247BtcClub Mobile Apps

    In 247BtcClub review, we noticed there are two buttons on the website, leading to Android and Apple app stores. The mobile platform available there is a Metatrader 4 platform by a company called MetaQuotes. MT4 is one of the most popular forex trading platforms at the moment, and many brokers use it. This mobile app offers many technical tools and integrated charts for more convenient trading.

    MT4 app is usually available with the entire Metatrader4 pack that includes web and desktop trading as well, but this broker doesn’t say whether or not they use this platform provider.

    247BtcClub Assets

    As we already mentioned, traders all over the world will the BTC in the name associated with Bitcoins and expect this popular cryptocurrency available as the underlying asset. We weren’t able to find any asset list that could confirm this assumption. Our team can’t surely say there are bitcoins available, and that this is not just a clever marketing trick. Traders prefer to know what assets they have at their disposal, and a neat list along with most common spreads would be a great addition for this broker.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  8. 247BtcClub Support information

    247BtcClub doesn’t have the same level of customer support for all traders. In our review, we found out that live chat is available only for traders who make larger deposits and decide to use the Classic account. Also, those interested in becoming 247BtcClub clients, won’t have access to live chat either. They can use a phone number and call them (+44 208 089 2876), write an email ([email protected]сlub.com) or Skype them (247btcсlub.com), but all these methods require more time and money than a simple chat.

    When it comes to education, this broker is not offering almost anything at all. Traders will simply have to find another source of information, as all the info on the website is limited to a few basic definitions.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  10. 247BtcClub Payment Methods

    247BtcClub review showed how this broker doesn’t list all the deposit and withdrawal methods available. They claim that there are no fees on deposits, but we can’t confirm this information, neither can we say there are no withdrawal fees. The minimum deposit is $250 and that is all the information available on this subject, along with a couple of complicated sentences in Terms and Conditions related to bonus withdrawals.

    247BtcClub Bonus Policy

    This broker offers a 30% bonus on your deposit. Traders must remember how bonuses are no free money, but funds added to your account that come with serious terms and conditions. Considering how this broker requires trading 3.33 lots for every $10 added, and one lot is 100,000 units, it can be said how these terms and conditions are not very favorable. Also, the entire section about bonuses is written in a way that is hard to understand, so we recommend traders skipping the bonus if possible.

    Is 247BtcClub a Scam?

    We cannot be 100% sure this broker is a scam. It definitely has some downsides that many traders will find unacceptable, but it is upon every trader to decide. We recommend trading only with regulated brokers who offer a free demo account like IQ Option!

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  12. Your capital is at risk
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