bitcastleFX Labelled as ‘SCAMMER’ by Traders: Here’s Why

Does bitcastleFX prevent you from withdrawing funds despite repeated requests? Do you face account bans after depositing into your bitcastleFX trading account? Facing high withdrawal fees? You are with a forex broker, which is called a ‘SCAMMER’ by many traders on several broker review platforms. In this article, we have shared multiple negative reviews about this broker.

The List of Trader Complaints Against bitcastleFX

Constant Withdrawal Denials

As a trader, you earn trading profits after understanding the market from both fundamental and technical perspectives. There will be days of lows where you have to be patient. And when the profit finally comes and you do not receive withdrawal access from your broker, how will it feel? That is exactly what the traders face here. Here are some screenshots explaining withdrawal issues.

Account Ban Without Explanation

Many traders have witnessed account bans as they deposit funds into it. They keep contacting the customer support division, but do not receive the right response in return. As a result, many have expressed disappointment over this act on the review platform. Here are some illegitimate account ban complaints.

High Fees Make for a Poor Trading Experience

Traders claim that bitcastleFX charges extremely high fees. This does not indicate anything good about the broker. Have a look at some screenshots.

The Score for bitcastleFX

The major drawback is that the Saint Vincent and the Grenadines-based forex broker is not licensed by any competent financial authority. As a result, the broker is not obligated to comply with trader-friendly regulations, resulting in complaints and losses for the latter. Considering all, the WikiFX team has given bitcastleFX just 2.07 out of 10.

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