Scammed by BTCADA Global Limited

Chantelle_C

Recruit
Messages
2
Hi all, I have been scammed by BTCADA Global Limited, I wanted to withdraw my deposit and they told me I have to 40.4% as tax!

Here it the full story.

I met a guy on Facebook who told me about Gold Spot trading, he first told me to invest 1k-5k USD and would be able to make a small profit, which I eventually did. He told me to download the apps MT5, Binance, Coinbase, Bitcoin.com and proceeded to guide me how to fund my accounts in the official apps Coinbase and Bitcoin.com (couldn’t use Binance). Once I’ve funded into these apps, he would tell me to talk to “customer server” from BTCADA Global limited who I would need to ask them for an address to send the money to, I would then send the money from Coinbase/Bitcoin to the address provided then my account in MT5 would be funded. Now I’ve signed up with an official broker (fbmarkets), I realised this funding method is very suspicious, shame I only know now.

Transactions below -

20th May 1:20pm – Coinbase (bought ETH 989.22 CHF, sent 1’028.47 CHF to broker)

23rd May 7:33pm – Coinbase (bought ETH 618.02 CHF, sent 589.64 CHF to broker)

23rd May 7:49pm – Bitcoin.com (bought BTC 3’719.29 CHF, sent 3’624.02 CHF to broker)

26th May 2:27pm – Bitcoin.com (bought 9’270.99 CHF, sent 9’243.07 CHF to broker)

Total bought 14’597.52 CHF (excluding fees), sent 14’485.20 CHF = 16’141.32 USD

We started trading together, he guided me when to buy/sell etc and I started to make profit, he then insisted I should top up more as there will be a good market yesterday in which I’ve topped up (as per last transaction). I started feeling something was off with this guy, I asked him for facetime which he did, but he had a mask on and only showing small parts of his face, I was still able to see he was not the guy in the photo. I started to panic, unfortunately, the 26th May Bitcoin transaction from was already being processed, to be sent to the brokers account and there was not an option to cancel it while it was in the “review” stages. I googled the broker BTCADA Global Limited and this is where I found a few articles stating this company was a scam, where another had had been scammed 75k USD. I stopped trading using the broker’s account now, as of today, it still has 26k USD balance.

I messaged the broker’s customer service last night, I kept chasing them to send my balance from MT5 to Bitcoin.com, they did reply in the end, they said I had to pay 40.4% of my total balance for Swiss personal tax income, which is total crap! I asked the guy from facebook and he said this is normal, he also had to pay this but it’s a one-time fee, here I was thinking to myself “I have definitely been scammed!”, there is no way you can pay tax once and the rest of the withdrawals are free. So here I am today, 16k out of the pocket.

Does anyone what steps I should take to recover my funds or if it's even possible?
 

FxMaster

Lt. Colonel
Messages
10,211
Hi all, I have been scammed by BTCADA Global Limited, I wanted to withdraw my deposit and they told me I have to 40.4% as tax!

Here it the full story.

I met a guy on Facebook who told me about Gold Spot trading, he first told me to invest 1k-5k USD and would be able to make a small profit, which I eventually did. He told me to download the apps MT5, Binance, Coinbase, Bitcoin.com and proceeded to guide me how to fund my accounts in the official apps Coinbase and Bitcoin.com (couldn’t use Binance). Once I’ve funded into these apps, he would tell me to talk to “customer server” from BTCADA Global limited who I would need to ask them for an address to send the money to, I would then send the money from Coinbase/Bitcoin to the address provided then my account in MT5 would be funded. Now I’ve signed up with an official broker (fbmarkets), I realised this funding method is very suspicious, shame I only know now.

Transactions below -

20th May 1:20pm – Coinbase (bought ETH 989.22 CHF, sent 1’028.47 CHF to broker)

23rd May 7:33pm – Coinbase (bought ETH 618.02 CHF, sent 589.64 CHF to broker)

23rd May 7:49pm – Bitcoin.com (bought BTC 3’719.29 CHF, sent 3’624.02 CHF to broker)

26th May 2:27pm – Bitcoin.com (bought 9’270.99 CHF, sent 9’243.07 CHF to broker)

Total bought 14’597.52 CHF (excluding fees), sent 14’485.20 CHF = 16’141.32 USD

We started trading together, he guided me when to buy/sell etc and I started to make profit, he then insisted I should top up more as there will be a good market yesterday in which I’ve topped up (as per last transaction). I started feeling something was off with this guy, I asked him for facetime which he did, but he had a mask on and only showing small parts of his face, I was still able to see he was not the guy in the photo. I started to panic, unfortunately, the 26th May Bitcoin transaction from was already being processed, to be sent to the brokers account and there was not an option to cancel it while it was in the “review” stages. I googled the broker BTCADA Global Limited and this is where I found a few articles stating this company was a scam, where another had had been scammed 75k USD. I stopped trading using the broker’s account now, as of today, it still has 26k USD balance.

I messaged the broker’s customer service last night, I kept chasing them to send my balance from MT5 to Bitcoin.com, they did reply in the end, they said I had to pay 40.4% of my total balance for Swiss personal tax income, which is total crap! I asked the guy from facebook and he said this is normal, he also had to pay this but it’s a one-time fee, here I was thinking to myself “I have definitely been scammed!”, there is no way you can pay tax once and the rest of the withdrawals are free. So here I am today, 16k out of the pocket.

Does anyone what steps I should take to recover my funds or if it's even possible?
Website address?
 

PK494

Master Sergeant
Messages
396
Hi all, I have been scammed by BTCADA Global Limited, I wanted to withdraw my deposit and they told me I have to 40.4% as tax!

Here it the full story.

I met a guy on Facebook who told me about Gold Spot trading, he first told me to invest 1k-5k USD and would be able to make a small profit, which I eventually did. He told me to download the apps MT5, Binance, Coinbase, Bitcoin.com and proceeded to guide me how to fund my accounts in the official apps Coinbase and Bitcoin.com (couldn’t use Binance). Once I’ve funded into these apps, he would tell me to talk to “customer server” from BTCADA Global limited who I would need to ask them for an address to send the money to, I would then send the money from Coinbase/Bitcoin to the address provided then my account in MT5 would be funded. Now I’ve signed up with an official broker (fbmarkets), I realised this funding method is very suspicious, shame I only know now.

Transactions below -

20th May 1:20pm – Coinbase (bought ETH 989.22 CHF, sent 1’028.47 CHF to broker)

23rd May 7:33pm – Coinbase (bought ETH 618.02 CHF, sent 589.64 CHF to broker)

23rd May 7:49pm – Bitcoin.com (bought BTC 3’719.29 CHF, sent 3’624.02 CHF to broker)

26th May 2:27pm – Bitcoin.com (bought 9’270.99 CHF, sent 9’243.07 CHF to broker)

Total bought 14’597.52 CHF (excluding fees), sent 14’485.20 CHF = 16’141.32 USD

We started trading together, he guided me when to buy/sell etc and I started to make profit, he then insisted I should top up more as there will be a good market yesterday in which I’ve topped up (as per last transaction). I started feeling something was off with this guy, I asked him for facetime which he did, but he had a mask on and only showing small parts of his face, I was still able to see he was not the guy in the photo. I started to panic, unfortunately, the 26th May Bitcoin transaction from was already being processed, to be sent to the brokers account and there was not an option to cancel it while it was in the “review” stages. I googled the broker BTCADA Global Limited and this is where I found a few articles stating this company was a scam, where another had had been scammed 75k USD. I stopped trading using the broker’s account now, as of today, it still has 26k USD balance.

I messaged the broker’s customer service last night, I kept chasing them to send my balance from MT5 to Bitcoin.com, they did reply in the end, they said I had to pay 40.4% of my total balance for Swiss personal tax income, which is total crap! I asked the guy from facebook and he said this is normal, he also had to pay this but it’s a one-time fee, here I was thinking to myself “I have definitely been scammed!”, there is no way you can pay tax once and the rest of the withdrawals are free. So here I am today, 16k out of the pocket.

Does anyone what steps I should take to recover my funds or if it's even possible?

This is going to be really difficult because it's a scam. Also, you sent your money willingly through crypto which is really hard to trace. What you can do now is to report them and if you live in the US, report them to your local police authority, FBI and Securities and Futures Commission. If you feel like you have exposed a lot of your personal details, make sure to monitor your credits either through experian or transunion.

I know this is hard to swallow but these crooks will end up behind bar one day.

Good luck and take care.
 

LHill97

Private, 1st Class
Messages
49
Guessing they named themselves a popular crypto trading pair to try and throw the sent off when looking for reviews etc?
 

Mantelo

Private
Messages
10
Which part of the world are u from? I started a thread about a month back on this website. Expose the number u contact them. I wanna see if it matches the person who were in contact with me.
 
Messages
105
Guessing they named themselves a popular crypto trading pair to try and throw the sent off when looking for reviews etc?
That's possible, I have come across this company before and tried to google to no avail. I took this as a big red flag in and of itself. And if you google the website name btcwold it's not better either.
 

FxMaster

Lt. Colonel
Messages
10,211
Website address?
Let's start with adding your story as a review https://www.forexpeacearmy.com/forex-reviews/18985/btcwold.com and then follow the below suggestions.

First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

Note: The invitation button will be enabled when your first post reaches 4 days old.
Note 2: Make sure to share your account number (Only account number). Many time this help companies to find out you are genuine or not.
Note 3: Make sure to follow the suggestions correctly, when you do it correctly you will get the below message in your thread automatically.

OP Screen shot.jpg
 

Christine ssss

Recruit
Messages
1
Hi all, I have been scammed by BTCADA Global Limited, I wanted to withdraw my deposit and they told me I have to 40.4% as tax!

Here it the full story.

I met a guy on Facebook who told me about Gold Spot trading, he first told me to invest 1k-5k USD and would be able to make a small profit, which I eventually did. He told me to download the apps MT5, Binance, Coinbase, Bitcoin.com and proceeded to guide me how to fund my accounts in the official apps Coinbase and Bitcoin.com (couldn’t use Binance). Once I’ve funded into these apps, he would tell me to talk to “customer server” from BTCADA Global limited who I would need to ask them for an address to send the money to, I would then send the money from Coinbase/Bitcoin to the address provided then my account in MT5 would be funded. Now I’ve signed up with an official broker (fbmarkets), I realised this funding method is very suspicious, shame I only know now.

Transactions below -

20th May 1:20pm – Coinbase (bought ETH 989.22 CHF, sent 1’028.47 CHF to broker)

23rd May 7:33pm – Coinbase (bought ETH 618.02 CHF, sent 589.64 CHF to broker)

23rd May 7:49pm – Bitcoin.com (bought BTC 3’719.29 CHF, sent 3’624.02 CHF to broker)

26th May 2:27pm – Bitcoin.com (bought 9’270.99 CHF, sent 9’243.07 CHF to broker)

Total bought 14’597.52 CHF (excluding fees), sent 14’485.20 CHF = 16’141.32 USD

We started trading together, he guided me when to buy/sell etc and I started to make profit, he then insisted I should top up more as there will be a good market yesterday in which I’ve topped up (as per last transaction). I started feeling something was off with this guy, I asked him for facetime which he did, but he had a mask on and only showing small parts of his face, I was still able to see he was not the guy in the photo. I started to panic, unfortunately, the 26th May Bitcoin transaction from was already being processed, to be sent to the brokers account and there was not an option to cancel it while it was in the “review” stages. I googled the broker BTCADA Global Limited and this is where I found a few articles stating this company was a scam, where another had had been scammed 75k USD. I stopped trading using the broker’s account now, as of today, it still has 26k USD balance.

I messaged the broker’s customer service last night, I kept chasing them to send my balance from MT5 to Bitcoin.com, they did reply in the end, they said I had to pay 40.4% of my total balance for Swiss personal tax income, which is total crap! I asked the guy from facebook and he said this is normal, he also had to pay this but it’s a one-time fee, here I was thinking to myself “I have definitely been scammed!”, there is no way you can pay tax once and the rest of the withdrawals are free. So here I am today, 16k out of the pocket.

Does anyone what steps I should take to recover my funds or if it's even possible?
Hi, do you pay the taxes? I was been scammed too.
 
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