BSStcc has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to CSS-lkt. We’ve received over 5 complaints against BSStcc.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is BSStcc Regulated? Do They Have a License?
BSStcc advertises itself as a professional forex broker, however careful fact-checking reveals that entrusting this platform with your money would be a dangerous error. BSStcc is not a legal financial services provider; rather, it is an internet scam meant to take advantage of people who lack the necessary experience and education in financial trading. In this analysis, we will look at how to spot such frauds and offer more reliable options for selecting an investing intermediary.
BSStcc operates completely anonymously, neglecting to publish a corporate name or regulatory license information anywhere on their website, including the Customer Agreement. Legitimate forex brokers make it obvious which legal businesses own and operate them, as well as their locations, licenses, and the regulators who monitor their activities. The absence or inappropriate presentation of these details raises a serious red signal, indicating a possible scam.
BSStcc gives an incomplete contact information for Liechtenstein. A search of the Financial Market Authority of Liechtenstein’s record reveals that no licensed broker by this name operates in the state. Furthermore, the client agreement identifies Belize as the applicable jurisdiction, however BSStcc is not registered with the Belize Financial Services Commission either. This mismatch implies that the legal information on BSStcc’s website is manufactured, leaving us unsure of the company behind the site but certain that it is not a regulated broker.
When customers register an account, they have access to a basic web trading platform with limited customization choices and sophisticated capabilities. This platform is often used by a number of fraudulent brokers, implying that it is employed in rigged trading software to dupe customers into believing their money is invested and profitable.
Legitimate brokers provide clients with a diverse range of trading tools, including desktop, mobile apps, and web-based platforms. The most popular platforms in the sector are MetaTrader 4 (MT4) and MetaTrader 5.
The lack of regulation or the presence of poor regulation is a huge red flag. It means BSStcc might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of BSStcc, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at BSStcc
When considering an investment in financial instruments, it is necessary to be aware of phony brokers online. Always be sure the broker you hire has the required licenses.
There are numerous advantages to working with a company that is truly authorized and supervised by regulatory institutions such as the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, or the Australian Securities and Investments Commission (ASIC). Clients of these brokers benefit from precautions such as negative balance protection and the separation of client funds from broker funds.
In the EU and the UK, brokers must also participate in guarantee schemes that cover a portion of the trader’s investment if the broker goes bankrupt. These assurances are worth up to €20,000 in the EU and £85,000 in the UK. However, such bankruptcies are uncommon because to the high net capital requirements that corporations must meet – €730,000 in the UK and Cyprus, AUD 1,000,000 in Australia, and at least USD 20 million in the United States.
BSStcc asks a minimum deposit of $500, which is much greater than what respectable brokers require. With as little as $5, you may start an account with reputable forex brokers.
Unsurprisingly, BSStcc accepts only bitcoins, which are preferred by most financial scammers because of their secrecy and irreversibility. While some respectable brokers accept digital currencies like Bitcoin, they also accept other transparent payment methods like credit/debit cards, bank transfers, and popular e-wallets such as PayPal, Neteller, and Skrill.
BSStcc offers securities from all main asset classes, however there is no reason to think that this anonymous, unregistered website provides legitimate trading.
BSStcc does not disclose specific information about the costs of trading that it claims to offer. While the trading interface displays a competitive spread of 0.9 pips, it is unclear whether additional commissions are charged, casting doubt on the validity of these trades.
BSStcc offers leverage of 1:50 for bitcoin trading and 1:20 for all other financial products, which is not in accordance with EU regulations. The European Securities and Markets Authority (ESMA) regulates leverage at 1:30 for major currency pairs, 1:20 for non-major pairs, gold, and major indices, 1:10 for other commodities and non-major indices, and 1:2 for cryptocurrencies.
BSStcc does not disclose any special withdrawal requirements, but such schemes frequently surprise consumers with hidden fees and other gimmicks to prevent them from reclaiming their money. Frequently, these traps are linked to the bonuses offered.
It provides no significant advantages. Its anonymity, falsified legal documentation, exclusive acceptance of cryptocurrency payments, large minimum deposit, and ambiguous trading terms make it an exceedingly unsafe and untrustworthy platform.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
BSStcc Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
BSStcc Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if BSStcc might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online BSStcc reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of BSStcc, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like BSStcc enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “BSStcc reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising BSStcc.
You should always look out for consumer complaints. In the case of BSStcc, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about BSStcc? You can share your complaint in the comment section or submit an anonymous tip.
Is BSStcc Legit Or a Scam?
BSStcc is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind BSStcc can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust BSStcc?
BSStcc is an untrustworthy platform with no transparency, regulatory control, or legitimate trading methods. If you want to invest in financial products, find a broker who is fully regulated and provides clear, reliable information about their activities. Trustworthy brokers offer the protection and transparency required to secure your money.
All the evidence suggests that BSStcc might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
