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BTKAID

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Operating status: SCAM

Website: https://bitkaid.com/

Broker violations and abnormal records
  • 2024-09-03 The FCA issues a warning about BTKAID

    On September 4, 2024, the Financial Conduct Authority (FCA) issued a warning against BTKAID, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/btkaid

    On September 4, 2024, the Financial Conduct Authority (FCA) issued a warning against BTKAID, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/btkaid
  • 2024-09-04 BrokersView has reviewed that BTKAID is an unregulated broker

    BTKAID does not provide any valid licensing information to substantiate its legitimacy, which is a significant scam indicator. It is critical to note that the platform uses so-called endorsements from Elon Musk to enhance its credibility, which is clearly a fake celebrity endorsement. In addition, the Financial Conduct Authority (FCA) has issued a warning about BTKAID, alerting investors to the unauthorized firm.

    In essence, BTKAID is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    BTKAID appears to be a scam.

    BTKAID does not provide any valid licensing information to substantiate its legitimacy, which is a significant scam indicator. It is critical to note that the platform uses so-called endorsements from Elon Musk to enhance its credibility, which is clearly a fake celebrity endorsement. In addition, the Financial Conduct Authority (FCA) has issued a warning about BTKAID, alerting investors to the unauthorized firm.In essence, BTKAID is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.BTKAID appears to be a scam.

Related Complaints

Q&A

Could you help verify BTKAID.

Bernie Cachinga
Australia
2024-09-20
ANSWER Dear Investor,We believe that BTKAID is a scam.BTKAID fails to provide any valid licensing information to prove its legitimacy, which is a major red flag. The platform falsely claims endorsements from Elon Musk to boost its credibility, which are clearly fake. Additionally, the Financial Conduct Authority (FCA) has issued a warning about BTKAID, identifying it as an unauthorized firm.Therefore, we strongly suggest you avoid using BTKAID due to its unlicensed status. To have a safer trading environment, it is recommended to opt for fully regulated brokers.
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