Home » MT4Bulls Review – Mt4bulls.com Forex Broker

MT4Bulls Review – Mt4bulls.com Forex Broker

MT4Bulls Review - Mt4bulls.com Forex Broker

It doesn’t take much time to see that with MT4Bulls, a broker pretending to be a pro at trading, there is something not very healthy. This sort of self-advertising is common with the FX industry’s more shady edge. In comparison, the website’s layout does not give us that much optimism about authenticity, and most of the text on it appears to be filler, rendering it quite uninformative and often outright pointless. We are not, as you can see, off to a strong start. To check out what else we find out, read the review.

The users have to pass a very easy and fast procedure in order to build an account that did not offer us much hope for a proper trading setup. As we predicted, the consumer dashboard used a prototype that we’ve seen with past scammer brokers hundreds of times. This might potentially be the most common infamous design ever!

As we have come to suspect, a separate party belongs to the supposed MT4 network that could actually come along. It falls under a name other than that of the broker and as such, does not reflect MT4Bulls’ trading conditions. Quite the ironic change of the term MT4 being simply present in the broker’s name. First we were granted the opportunity to launch a web-based trading programme, which turned out to be a joke in the end. Not only did it arrive with maps from third parties, but it wasn’t modelled after MT4Bulls either. As a matter of truth, we have no idea who the site trader actually owns; it only says “Webtrader Online,” with no hint of what rights are held by corporations! Nevertheless, with the information given by MT4Bulls, we were still able to log in.

And then while we have very little trust remaining in this forum, we will keep the trading conditions out of it. The EUR/USD spread is similar to 1.8 pips, which is not that poor at all. At 1:400, the leverage was limited. Forex pairs, indices, cryptocurrency, commodities, and stocks have become the financial instruments issued to us.

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The website can be in either German or English.

MT4Bulls Review - Mt4bulls.com Forex Broker
Income Mentor Box

MT4Bulls Licenses and Regulation

MT4Bulls is a dealer with no regulatory details disclosed. The platform provides nothing relevant, and the legal papers do not either.

There is no question that MT4Bulls is Unregulated, and a possible fraud, going from what we have mentioned and what we are about to unravel.

There is no incentive at all to invest in a broker that is uncontrolled. Regarding the option of a dealer, the safest recommendation there is to always search for a licence. You are off to maybe the strongest start if the provider has an FCA and CySEC authorization, since these are some of the industry’s biggest regulators. Authorized FX overseers usually implement a series of guidelines for each of their specified brokers.

To meet rather specific rules, brokers form an arrangement with them. In addition, certain companies provide payout plans that compensate customers whose dealers have been insolvent, such as the FCA or CySEC. A managed broker, as you can see, helps not only the dealer itself, but also the traders.

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Funding and Payments MT4BULLS

As we tried to enter the payment field, the user dashboard created an error. The payment information would also be taken from the platform and the terms and conditions.

The platform shows that the minimum investment is $500, which is the most general prerequisite for offshore broker. According to the platform, credit cards, debit cards, and money transfers are the funding tools people may use.

For cards, the minimum withdrawal limit is $200. Withdrawal approvals are reviewed within 24 hours. There is no indication of any fees in the contract terms, but we will be cautious if we were you.

It goes without saying that it is not worth it for MT4Bulls! All your deposits will forever be destroyed!

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