This account describes a serious allegation of fraud against BTCC. The user claims they were initially successful trading on the platform, then experienced unexplained large funding fees and a significant loss of funds, allegedly stolen by BTCC. They cite contradictory information: initial praise from BTCC contrasting with later accusations of harming other users.

Several red flags are present:

• Extremely high leverage (225x): This is incredibly risky and suggests the user was engaging in highly speculative trading. While not illegal, such high leverage dramatically increases the chances of losing funds rapidly.
• Unclear terms and conditions: The user mentions “small print” allowing exorbitant funding fees. This highlights the importance of thoroughly reading and understanding all terms and conditions before using any trading platform.
• Lack of transparency from BTCC: The user reports inconsistent communication from BTCC support and a lack of clear explanation regarding the funding fees and the alleged theft.
• Contradictory information: Being praised publicly and then accused of harming other users points to a potential lack of communication or a misunderstanding within BTCC itself.

To determine if this is a legitimate case of fraud or a result of high-risk trading practices:

• Review the BTCC terms of service: Scrutinize the sections on funding fees, liquidation, and acceptable trading practices. Look for clauses that may justify the large charges levied.
• Gather all evidence: This includes screenshots of the trading history, communication with BTCC support, proof of the initial deposit, and any social media posts mentioning the user’s success.
• File a formal complaint: Contact BTCC again formally, documenting the complaint and all supporting evidence. If this fails, consider filing a complaint with the relevant financial authorities in your jurisdiction. Depending on where you are located, this could be a national financial regulator or a consumer protection agency

Assistance for Victims of Fraud:

Should you have been the victim of a fraudulent scheme perpetrated by Btcc or any other similar entity, please be advised that assistance is available.

We strongly encourage individuals who have suffered financial losses to:

• Immediately contact their bank or relevant financial authorities.
• Seek professional assistance in recovering lost funds. We are prepared to provide guidance and support in navigating the process of reclaiming assets.

Disclaimer:

This review is for informational purposes only and should not be construed as financial or legal advice.