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BTC Nation

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Operating status: SCAM

Website: https://btc-nation.com/

Broker violations and abnormal records
  • 2023-06-14 The OSC issued a warning against BTC Nation

    On June 15, 2023, the Ontario Securities Commission (OSC) issued a warning against BTC Nation, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/btc-nation

    On June 15, 2023, the Ontario Securities Commission (OSC) issued a warning against BTC Nation, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/btc-nation
  • 2023-06-15 BrokersView has reviewed that BTC Nation is an unregulated broker

    BTC Nation fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. Given its contact address in Canada, we searched for this broker in the register of the Investment Industry Regulatory Organization of Canada (IIROC) to see if it obtains the required authorization from the financial watchdog. However, no corresponding entries exist, indicating that it is offering financial services outside the regulatory framework.

    Furthermore, the Ontario Securities Commission (OSC) has issued a warning against BTC Nation, stating that this broker is not registered in Ontario to engage in the business of trading in securities.

    In essence, BTC Nation is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    BTC Nation fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. Given its contact address in Canada, we searched for this broker in the register of the Investment Industry Regulatory Organization of Canada (IIROC) to see if it obtains the required authorization from the financial watchdog. However, no corresponding entries exist, indicating that it is offering financial services outside the regulatory framework.Furthermore, the Ontario Securities Commission (OSC) has issued a warning against BTC Nation, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In essence, BTC Nation is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2024-04-11 The BCSC issues a warning against BTC Nation

    On April 12, 2024, the British Columbia Securities Commission (BCSC) issued a warning against BTC Nation, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/btc-nation

    On April 12, 2024, the British Columbia Securities Commission (BCSC) issued a warning against BTC Nation, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/btc-nation

Related Complaints

Q&A

Can I trade GBP/AUD with them??

Patrik Novak
Mauritius
2023-06-21
ANSWER BTC Nation is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.BTC Nation fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. Given its contact address in Canada, we searched for this broker in the register of the Investment Industry Regulatory Organization of Canada (IIROC) to see if it obtains the required authorization from the financial watchdog. However, no corresponding entries exist, indicating that it is offering financial services outside the regulatory framework.Furthermore, the Ontario Securities Commission (OSC) has issued a warning against BTC Nation, stating that this broker is not registered in Ontario to engage in the business of trading in securities.Regarding your question, we strongly suggest you avoid dealing with BTC Nation which is an unlicensed broker carrying significant risks, such as financial losses and identity theft, as there are no safeguards in place to protect investors. Therefore, to avoid such risks, investors are encouraged to stay away from unlicensed brokers like BTC Nation and instead choose a fully regulated one.
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