November 2019: The FPA has tried several times to contact Bit Trader Zone over the following issues a client posted screenshots of:
1. A client made a profit of over $18,000 and was told he needed to send in 20% of his profits as commissions for broker permit, account manager fee, and account scheduled maintenance. Bit Trader Zone was unwilling to deduct these fees from the client's balance.
2. While still asking for the commission, a representative claimed that the client's profits had been given away to a charitable organization.
3. After the client complained at the FPA, a representative of Bit Trader Zone told the client to return to the FPA and report that Bittraderzone is a good broker.. or you are going to pay $300 as a fine for the bad report.
The FPA is deeply concerned about surprise fees that cannot be paid out of profits. The FPA is appalled to see a broker still asking for several thousand dollars to withdraw profits while also admitting to stealing the profits have already been stolen. The FPA is shocked that a company would threaten to fine a client for posting about a problem making a withdrawal.
Unless this can be resolved, the FPA recommends AGAINST depositing money with BitTraderZone.com. If you have money with them, the FPA recommends you try to withdraw it. If you have any serious problems withdrawing your money from BitTraderZone, please report it here, in the Scam Alerts folder, and to the financial authorities in your country.
At the time of Investing they will say you have to pay commission after receiving profits but after completing the trade they will ask you for commission and many other fees before your requesting for withdrawal your profits can be processed, so be aware about this company.