Probably due to its reputation as the global financial base, many scam companies choose to present themselves as Swiss-based brokers. Btec Global is just one of many claiming to be the Swiss best and most reputable mining and investing company.
Read our Btec Global review and get all the details about the firm.
We also recommend staying away from scammers such asOpson International,TradingBloomor Cupiro.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | btec.global |
| Blacklisted as a Scam by: | FINMA |
| Owned by: | N/A |
| Headquarters Country: | Switzerland |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $50 |
| Cryptocurrencies: | Yes – BTC, ETH, XRP |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About Btec Global Regulation?
Btec Global has presented a fake certificate at the bottom of the page, allegedly coming from Switzerland Trade and Enterprise Commission (STEC). However, it’s enough to say that such a regulator doesn’t exist, and the Swiss official authority body in charge of Forex and CFD trading firms is FINMA.
Also, we have nothing on the Btec Global owners, liquidity providers, banks, etc.
Why Must a Broker Have a License?
A broker must have a license to work according to rules and provide a safe trading environment. Besides, Tier1 regulators obligate firms to form compensation funds to reimburse potential victims, which serves as a money-back guarantee.
Since Btec Global is based in the Tier1 zone but hasn’t gotten a license, we can conclude it’s a fraudulent firm after the clients’ money and will probably vanish after reaching the goal.
Btec Global Warnings From Financial Regulators
Since the firm is allegedly Swiss-based, the regulator of this country issued an official warning. According to FINMA, Btec Global is an unregistered domicile and has no authorization to provide financial services.
This means you can quickly become a Btec Global trading scam victim.
Traders Reviews About Btec Global Scam
Traders have filed many complaints against Btec Global, but you could never say that if you check reviews. This firm has a solid rating on Trustpilot, thanks to the fake accounts they use. Many offshore firms have the same tactic – creating accounts especially for praising their company so that they could gain more customers.
We believe that the FINMA warning says enough about who the trading company really is.
Btec Global Trading Scam – Where Is The Broker Mainly Active?
Btec Global mainly operates in:
- Italy
- Nigeria
- US
- Germany
Since there are no restricted countries, we advise you to be cautious and not take any offers from this unregulated firm.
Supported Trading Platforms – Available Trading Software
Btec Global pays almost no attention to one of the important questions – the trading platform. Since you cannot have any success without proper trading tools, charts, and indicators, we were surprised to see the lack of details. Based on our review, the broker offers WebTrader that looks rather simple and has no EAs, social trading, or similar advanced features.
While leverage and spread are nowhere to be found, the firm promises ROI and claims to offer crypto mining and share portfolios along with regular investing.
In addition, we strongly advise you not to invest in the scam brokersVNSmart,XpokenandEUFinance.
Everything About Btec Global Trading Accounts
There are 5 Btec Global account types.
While these plans look rather odd, it seems that the company promises a return on investment, as used to be the case with binary options. And that was a reason for this investment type to be banned in the EU and UK in 2018. No investment firm can guarantee profits, so don’t fall for this obvious scheme.
Btec Global Range of Trading Instruments & Markets
The broker says to offer the following trading instruments:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
Besides standard investing, the firm allegedly offers crypto mining and a share portfolio.
Btec Global Deposit and Withdrawal Methods
Another proof that the trading company is a scam is the fact that the firm accepts only crypto deposits. You’re prompted to transfer your funds to the company’s wallet, and only then can you start trading. Besides, you’re given bonuses on each deposit, but no Bonus Policy will explain the terms.
When it comes to withdrawals, there’s nothing on the broker’s website besides the fact you can withdraw your funds only via crypto. This lack of information is just another red flag in the long line of red flags.
Scammed by Btec Global Broker? – Tell Us Your Story
If you were scammed by Btec Global, let us know. Our recovery experts will hear you out and suggest the best way to get a refund upon the evaluation of your case. Sometimes it will be a chargeback, sometimes a recall, or something else, but we will do our best to assist you with the matter.
But What Is A Chargeback?
This is a way for your bank to recover funds from the merchant. Don’t waste time; act now. Book a FREE consultation, and let’s get your money back before it’s too late!