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BTC Trade

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Operating status: SCAM

Website: https://btctrade.world/

Broker violations and abnormal records
  • 2024-05-13 The UK FCA issued a Warning against BTC Trade

    On 14 May 2024, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BTC Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/btc-trade-btctradeworld

    On 14 May 2024, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BTC Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/btc-trade-btctradeworld
  • 2024-05-15 BrokersView has Reviewed that BTC Trade is an Unregulated Broker

    According to its website, it claims to be registered with the U.S. Securities and Exchange Commission (SEC).Upon investigation, no matching information was found in the SEC. In addition, its address is in London, UK, but we found that the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BTC Trade was providing financial services or products in the UK without authorisation.

    The truth is that BTC Trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    BTC Trade is a scam.

    According to its website, it claims to be registered with the U.S. Securities and Exchange Commission (SEC).Upon investigation, no matching information was found in the SEC. In addition, its address is in London, UK, but we found that the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BTC Trade was providing financial services or products in the UK without authorisation.The truth is that BTC Trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.BTC Trade is a scam.

Related Complaints

Q&A

Can I trade with BTC Trade in the US?

Lucca Trappatoni
United States of America
2024-05-23
ANSWER Under US law, forex brokers must register with the National Futures Association (NFA) before engaging with investors. However, BTC Trade is not listed in the NFA's records, making it unauthorized to serve US customers.Furthermore, BTC Trade lacks regulation, as evidenced by the absence of verifiable regulatory information and a warning from the Financial Conduct Authority (FCA) in the UK, labeling it as an unauthorized entity.Investors are at risk of fraud and financial loss when dealing with BTC Trade. For a secure trading experience, it is wise to avoid unregulated brokers like BTC Trade and opt for those that are fully regulated.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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