Bitzora Review – Is Bitzora a Scam Broker?
- Website: https://bitzora.com/
- Website Availability: Yes
- Address: NA
- Warning: Not Recommended By Proupshot
- Website Domain Age:
- Name BITZORA.COM
- Registry Domain ID 2875498204_DOMAIN_COM-VRSN
- Registered On 2024-04-25T03:18:18Z
- Expires On 2027-04-25T03:18:18Z
- Updated On 2025-03-16T18:09:19Z
Bitzora Warning Signs That Shouldn’t Be Ignored
Bitzora has incomparable negative reviews on many platforms, namely Trustpilot and Reddit. The website’s TrustScore is just 1 out of 100, meaning very terrible credibility. Various users have claimed having issues such as frozen accounts, withdrawal restrictions, or requests for additional deposits into their funds.
Red Flags Associated with Bitzora
- Accounts are frozen & deposits are confined
- Several users reported that after making an initial deposit and withdrawing small amounts successfully, Bitzora froze the funds when a larger deposit was initiated.
- The platform demands extra deposits, quite often in the thousands, to release your funds.
- Manipulative Tactics
- Users have often complained about being convinced to make tiny withdrawalsHere are some of the fraudulent websites: to build trust but suddenly face account limitations once they go for their bigger investments.
- Some have required as much as $5,050 USDT deposit to verify their accounts before being able to access their own funds.
- False Promotions & Endorsements
- Bitzora was promoted by influencers like Thomas Miller, an influencer with more than 1.23 million followers, who subsequently deleted their videos-an indication of possible involvement in deceptive marketing.
- Users report being drawn in by fake recovery schemes promoted by a scammer HelianTool that were charging upfront payments for non-existent recovery services.
User Experiences with Bitzora
Terrible experiences shared by users concerning Bitzora:
- One of them is a trader who sold $1,084 worth of XRP through the exchange and had the funds frozen. Only to be asked to deposit an amount of $2,000 in USDT to unlock them.
- Another investor withdrew thousands of dollars and had their funds completely blocked with no option to withdraw their funds.
- A user referred to having lost $18,000 USDT after making 2 complete arbitration rounds only to be asked for more verification deposits when making the third round.
Key Takeaways:
- It is non-regulated and has a sheerly low TrustScore. There are several reports about frozen accounts and forced additional deposits.
- The promoters appearing as those authentic may even delete the ads.
- Thousands are lost by users with no resolution for it.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with Bitzora, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the Bitzora or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read Global TI World Review.
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