Honest Review of BullWayPro

Today, we present a BullWayPro review — a story about yet another Forex/CFD scam broker. As expected, the broker promises traders all kinds of perks: unique trading conditions, the best trading platform, total security of operations and personal data. Those tempted by such promises risk losing everything. We’ve shared detailed information about this pseudo-company below. Interested? Keep reading.

Key Features

• Company Name: BullWayPro
• Website: https://bullwaypro.com/
• Available Contacts: [email protected]; +41275087705
• Foundation: 2024
• Services: Forex/CFD trading
• License: No
• Initial Deposit: $10,000

From Sign-Up to Payout

Let’s start by saying that even the design of BullWayPro’s official website didn’t impress us. The gray background, white text, and bright red highlighted elements struck us as questionable. However, design is a matter of personal taste.

As for the content, it is undeniably poor. For example:

• The “history of trading” section on the homepage is utterly baffling in terms of its relevance. It seems like the developers needed to fill space but didn’t know with what.
• Every page on the website is completely useless. Instead of providing valuable information, such as market descriptions, contract specifications, or details of non-trading operations, the pages are filled with vague, self-promotional texts praising the company.
• It’s impossible to register. Every link to the registration form leads to a non-existent page (404 error).
• The login form is even more amusing — attempting to access the personal account simply reloads the current page.

What we’re dealing with here is clearly an unfinished website that was hastily launched. Why? The answer is simple: traders’ funds won’t deposit themselves. Accounts in the beginning are likely being opened manually by customer support representatives. But we can’t help but wonder — will anyone still be interested in opening and funding an account after seeing this pathetic excuse of a platform?

Our Trading Experience With BullWayPro

We never got the chance to trade with this broker. As mentioned, new clients cannot register. We made an honest attempt to contact customer support to have an account created for us and gain access to the trading platform. However, calls to the listed phone number went unanswered.

We also received no reply to our inquiry via the contact form or email. This isn’t surprising — scam brokers’ support teams are notorious for their slow responses. After all, why rush to help when a trader’s problems usually result in financial losses?

Of course, the broker could have at least provided traders with a demo version of the platform. But remember, we are dealing with scammers. They know all too well that access to the trading platform isn’t free. Anyone wanting to trade must deposit at least a minimum amount — though in BullWayPro’s case, this “minimum” starts at $10,000.

Speaking of account types, BullWayPro’s list of trading accounts is a true masterpiece. It contains no numerical trading specifications: no leverage, no spreads, no swaps, no order placement distances — nothing. The only information provided is the minimum deposit amount for each account. And since the company’s owners are anything but modest, traders are required to fund their accounts with sums ranging from $10,000 (as previously mentioned) to $1,000,000.

Other account features are of little interest to most. For instance, access to educational materials might appeal to beginners, but the website doesn’t even mention such resources, and we doubt they exist in the personal account either. Paying $50,000 or more for a few “risk-free” trades seems far from rational.

The Reality Check

BullWayPro’s official company details are equally disappointing. It seems that the company name, registration details, and licensing information are the broker’s most guarded secrets, unavailable for public access. We decided to investigate.

First, we noticed the Swiss office address listed in the contact section. Naturally, the first step is to check Switzerland’s business registry.

We checked all possible variations of the broker’s name, but the search results remained unchanged‌ — ‌the broker is not listed in Switzerland’s registry.

Since the website offers no other information, we turned to Open Corporates, a global database of company records. Once again, searching for all possible name variations yielded no relevant results.

This allows us to state that the platform serves clients without a license. A virtual company like this couldn’t obtain one since regulators only work with officially registered businesses.

Here’s what we’re dealing with:

• A broker existing solely online, unregistered in any jurisdiction.
• Providing Forex/CFD retail market access without a license, which is illegal.
• Lacking the ability to open corporate bank accounts or payment cards.
• Not partnering with any liquidity providers or official quote providers.

This means the company cannot facilitate real trading since it has no access to legitimate quote sources. Instead, it executes all trades internally, using (or imitating) a Dealing Desk (DD) model. Since it cannot receive payments under its own name, it likely uses private individuals’ bank details or cryptocurrency wallets. It also cannot guarantee the safety of client funds, as segregated accounts are out of the question, and it cannot secure agreements with insurance providers.

The only thing such a virtual broker can effectively do is misappropriate clients’ money. Is it worth the risk to fund accounts on such a platform? We are certain the answer is no.

How Long Has BullWayPro Been in the Game?

To determine how long this broker has been online, we consulted Whois records to check the domain registration date.

The domain bullwaypro.com was registered on September 6, 2024. At the time of this review, the domain had been active for just three months.

This gave us reason to revisit the claims made on the homepage, where the company states:

• It has been working for its clients’ success since 2022.
• It serves over 50,000 satisfied users.
• It operates in more than 100 countries, and so on.

Given the broker’s actual existence span, it’s clear that the creators of this project have an extraordinary talent for storytelling. However, traders are pragmatic people who don’t believe in fairy tales and prefer to verify facts. The information provided by the company doesn’t pass this test.

Extra Fraud Indicators

Our review of BullWayPro wouldn’t be complete without mentioning how the broker tries to create a positive image for itself. Surprisingly, within just two months of its existence, the company has accumulated 8 reviews on Trustpilot. Half of the authors rated the broker 5 stars, while the other half gave it 4 stars. Quite the remarkable consensus, isn’t it?

The broker also employs another strategy. More than 20 videos about it have been uploaded to YouTube, most of them filled with glowing praise. Clearly, BullWayPro doesn’t skimp on its reputation-building efforts.

However, there’s one major issue‌ — ‌the publications on industry-specific websites. Here, experts identify all the broker’s problems and openly label it a scam. We fully agree with their conclusions.

Is BullWayPro the Right Fit?

Here’s what we’ve learned during our review. The broker is unregistered and unlicensed, has existed for only a few months, and deliberately distorts this information. It doesn’t disclose trading conditions or payment details. It attempts to build a positive reputation through paid reviews and promotional content, not legitimate operations. Without a doubt, this is a scam project. Any funds sent to its accounts will ultimately end up in the scammers’ pockets. We strongly advise traders to avoid this broker and instead look for a real licensed broker, of which there are plenty online.

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