2022-05-19 We Have Found That The Bulutun Wealth Webpage Has Expired
We Have Found That Http://www.bulutun.com This Domain Name Has Expired, It Is Very Likely That The Domain Name Has Been Suspended, Which Is A Bad Sign. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
General Understanding Of Bulutun Wealth
Bulutun Wealth Is A UK-based Foreign Exchange Brokerage Company Established About 1-2 Years Ago. Operating In The Name Of Bulutun Wealth, The Company Has Attracted Attention Due To Its Questionable Regulatory Licensing Status. The Tradable Assets Offered By The Broker Include Currency Pairs, Cryptocurrencies, Precious Metals Such As Gold, Silver, Platinum, And Energy Assets Such As Brent Crude Oil, WTI, And Natural Gas.
The Minimum Deposit Requirement To Open An Account Is Set At $200 For Bulutun Wealth, Which Allows Trading At A Maximum Leverage Of 1:500. Alleged Spreads Starting At 0.0 Pips May Seem Tempting, But Should Be Treated With Skepticism Given The Questionable Nature Of Regulatory Licensing. Bulutun Wealth Utilizes The Widely Recognized Mt4 Trading Platform To Provide Clients With A Familiar Interface To Execute Trades.
Unfortunately, Specific Details About Account Types Are Not Specified On The Company's Website, Raising Concerns About Transparency And Potential Limitations For Traders. Additionally, Bulutun Wealth Does Not Offer Demo Or Islamic Accounts, Which May Be Important Considerations For Certain Traders.
Customer Support Is Available Via Phone And Email, But Attention Should Be Paid To The Lack Of Dedicated Educational Tools. Investors Seeking Educational Resources To Improve Their Trading Knowledge And Skills May Need To Look Elsewhere.
Market Tools
Bulutun Wealth Offers A Range Of Options, Including Currency Pairs, Cryptocurrencies, Precious Metals, And Energy Commodities Such As Gold, Silver, Platinum, Brent Crude Oil, WTI, And Natural Gas.
Currency Pairs Are The Basis For Foreign Exchange Trading, Providing Traders With The Opportunity To Speculate On Exchange Rate Fluctuations Between Two Different Currencies.
In Addition To Currency Pairs, Bulutun Wealth Has Expanded Its Range Of Tradable Assets To Cover Cryptocurrencies. In Addition, The Addition Of Precious Metals Such As Gold, Silver And Platinum Allows Traders To Diversify Their Portfolios And Potentially Withstand Inflation Or Economic Uncertainties. Bulutun Wealth Also Offers Energy Commodities, Namely Brent Crude Oil, WTI And Natural Gas. These Resources Are Widely Used In Various Industries And Hold Significant Value In The Global Market.
Account Types
Instead Of Offering Tiered Trading Accounts With Different Features And Advantages, This Brokerage Follows A Simplified Structure. At Bulutun Wealth, Potential Traders Come Across A Single Account Type And Start Trading Bulutun Wealth, Which Clients Need To Do With A Minimum Deposit Of $200.
It Is Worth Noting That Bulutun Wealth Does Not Offer A Demo Account Option. Demo Accounts Offer Novice Traders The Opportunity To Practice Trading Strategies In A Risk-free Environment And Become Familiar With The Platform's Features. By Omitting This Feature, Bulutun Wealth Limits Potential Clients' Access To Learning And Experimenting With Basic Tools.
Leverage
Bulutun Wealth Offers Leverage, Up To 1:500, Enabling Traders To Control Larger Market Positions Relative To Their Available Capital. By Using Leverage, Traders Can Potentially Increase Their Profit Potential As Even Small Market Movements Can Generate Amplified Returns. However, It Is Important To Recognize That While Leverage Can Amplify Profits, It Can Also Multiply Losses. The Higher The Leverage, The Greater The Risk Traders Are Exposed To As Their Funds Are Exposed To Greater Market Volatility That Can Result In Considerable Losses.
Spreads And Commissions (Trading Fees)
When Considering Spreads And Commissions Bulutun Wealth Is Notable That This Broker Promotes The Idea Of "low Spreads". However, The Specific Details Or Spread Ranges Provided By This Broker Are Not Explicitly Disclosed On Its Platform. This Lack Of Transparency Can Leave Potential Clients In An Uncertain Position As They Are Unable To Assess The Exact Costs Involved In Their Trading Activities.
In Addition To The Spread, Any Potential Commissions That A Trader May Be Required To Pay When Trading Through This Brokerage Must Also Be Considered. A Commission Is A Separate Fee Charged By A Broker For Executing Trades On Behalf Of A Client. However, Bulutun Wealth Does Not Disclose Specific Information About Whether Commissions Exist In Its Trading Services.
Non-trading Fees
In Addition To Trading Fees, Non-trading Fees Associated With Bulutun Wealth Must Also Be Considered. These Fees Include Fees That Are Not Directly Related To The Execution And Administration Of Trades, But Are Still Significant In The Overall Cost Assessment Of The Prospect.
One Such Non-trading Fee That May Apply Is, Deposit And Withdrawal Fees. These Fees Are Charged When A Client Adds Funds To Their Trading Account Or Seeks To Withdraw Funds From The Account.
Another Non-trading Fee To Consider Is, An Inactivity Fee, Which May Be Levied On Dormant Accounts. This Fee Is Usually Charged When An Account Is Inactive For An Extended Period Of Time.
Additionally, It Is Worth Noting That Other Non-trading Fees, Such As Account Maintenance Fees, Currency Exchange Fees, Or Platform Fees, May Apply To Traders Conducting Business Through: Bulutun Wealth.
Trading Platform
Bulutun Wealth Claims That It Provides The Industry-leading Trading Platform, The MT4 (MetaTrader 4) Platform. MT4 Is A Widely Recognized And Popular Trading Software Used By Numerous Brokerage Firms Across The Globe. Known For Its Wide Range Of Tools And Features, It Provides Traders With Access To A Wide Range Of Financial Instruments And Markets.
The MT4 Platform Provides Traders With The Opportunity To Participate In Various Trading Strategies, Including Automated Trading Through The Use Of Expert Advisors (EAs). EAs Are Algorithmic Trading Programs Designed To Execute Trades According To Predetermined Criteria, Thus Eliminating The Need For Manual Intervention. This Feature May Be Beneficial For Traders Looking For A Systematic And Efficient Method Of Trading
Deposit And Withdrawal
The Minimum Deposit Required To Open An Account With This Broker Is Set At $200. However, The Lack Of Information About The Available Payment Methods May Be Limiting For Potential Clients As It Hampers Their Ability To Evaluate The Convenience And Suitability Of The Options Offered.
Customer SupportClients Have The Option To Contact The Broker By Phone Or Email. For Telephone Communication, Clients Can Contact Bulutun Wealth Using The Phone Number Provided: + 44 7312851096. Alternatively, Customers May Choose To Communicate Electronically By Email Using The Specified Email Address: Services@ibulutun.co.
However, The Precise Availability And Responsiveness Of Customer Support Services Is Not Explicitly Stated By Bulutun Wealth.
