Bakkt Market

🏢 Establishment time, registration country, company nature

domain name was registered on April 19, 2024, and the official operation time of the platform should begin shortly thereafter The
official website claims to be headquartered in New York or Denver, USA, but there is no real company registration information, and the company name, industrial and commercial registration number, Important information such as registered address, registration information is very opaque.

⚠️ Business status & Whether the platform is

still online and can be traded, but there are a large number of users who have reported problems such as "difficulty in withdrawing money", "loss of contact with customer service", and "freezing of funds".
Although there is no bankruptcy announcement, the structure and operation model are highly similar to typical illegal platforms, which is a "trap operation" and has a high risk of insolvency.

🔍 Regulatory information

Claim to have NFA number 0561418 and FinCEN MSB 31000263262302
After investigation, the NFA number corresponds to a non-member entity of SMART GLOBAL, and WebullForex is not a member of the NFA regulation; The FinCEN number is only an AML registration number and does not represent a compliant trading license
In addition, the FCA in the UK has listed "WEBULL-FX-TRADING" as an unauthorized illegal operation
Conclusion: Without real regulatory approval, the platform is in an unregulated state.

💼 market attribution & Platform positioning

Positioning is positioned as an OTC/CFD foreign exchange and derivatives platform, providing trading contracts for foreign exchange, stocks, futures, energy, precious metals, cryptocurrencies, etc.
As a typical centralized CFD broker, assets and funds are controlled by the platform, and users have no independent asset custody rights.

🔧 Trading Products & The platform software

claims to allow trading in Forex, stock indices, futures, precious metals, energy and crypto products.
With the MetaTrader 5 (MT5) platform, "Access only, no account opening".
Leverage is extremely high from 1:100–1:500.

💳 Deposit and withdrawal methods

The website does not clearly disclose specific deposit and withdrawal methods, handling fees, and minimum amount requirements.
According to user complaints and third-party analysis, withdrawals are frequently rejected, and customer service delays or loses contact with them under various excuses and cannot be successfully withdrawn.

👥 Customer support

The official support channel only provides email, does not disclose the customer service hotline, and does not provide real-time online service.
Most users complain that customer service does not reply or that the reply is misleading and lacks effective customer service guarantee.

🛡 Compliance and risk control system

No legitimate regulatory authority.
Failure to provide real AML/KYC processes, compliance mechanisms, or risk control frameworks, resulting in unguaranteed fund security. The platform can freeze accounts at any time, and there is no credible channel for users to protect their rights.

🎯 Market positioning and competitive advantage

Advertise yourself as a CFD trading platform with high leverage contracts. However, due to the lack of regulation and transparency, its trading environment is clearly different from most formal brokers: it has no actual competitive advantage, but increases the risk of trading entities.

🚩 Risk disclosure and user feedback

WebullForex has been rated as a "high-risk scam broker" by a number of third parties,

FCA in the UK has listed it as an "unauthorized operator", and the public is advised to stay away

serious problems such as common withdrawal difficulties, customer service loss and opaque accounting.

📈 Financial information & Development path

The platform does not disclose any financial statements, trading volume or profitability.
From the perspective of architecture, it is more like a "capital disk" or "bridge fraud" model, relying on users to repeatedly recharge to maintain operation.

🌱 Social Responsibility & ESG

No public ESG, CSR, or community good program information.
Due to serious compliance problems, it does not have any social responsibility or user protection mechanism.

🤝 Strategic cooperation and ecology

No public records of partners, clients, or financial ecosystems.
The operating model is closed and unilaterally supplied, and there is a lack of third-party supervision or formal institutional participation.

🧾 Conclusion

This article is based on public domain names, regulatory checks, user feedback, third-party ratings, and announcements from authoritative regulators.
WebullForex/Bakkt Market is actually an unregulated and high-risk CFD platform that attracts funds through fake regulatory numbers and false publicity, and frequently encounters such as blocked withdrawals, loss of customer service, and account freezing, just like "routine loan fraud".

Strongly recommended: never deposit money to use this platform. Those who have made a deposit should immediately attempt to withdraw and keep transaction credentials and communication records as soon as possible, and report the case to local regulators or the police. If you need a secure formal platform to suggest and provide demand directions, we can help recommend platforms with real supervision and high transparency.