✔️ Information reviewed and updated in October 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company BTrade is a safe company or an untrustworthy company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about BTrade and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | btrade.net |
| 🏠 Company* | WSYM Technology LLC |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Platform | Own platform |
| 📌 Address | St. Vincent and the Grenadines, First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, VC0100 |
| 🕑 Website age | Website registered on: June 27, 2021 |
| ❓ Company type | Cryptocurrency and stock broker |
Company: BTrade is owned by WSYM Technology LLC.
Location: BTrade mentions being located in Saint Vincent and the Grenadines, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.
We can already tell you that we are concerned about several characteristics of this company.
What is BTrade?
After having carried out an analysis of the company's website, we can say that BTrade is a cryptocurrency and stock broker.
Account types
The company does not provide information about having different types of accounts.
Information on the web
Here we show you a screenshot of the BTrade website, which is btrade.net. The capture was made in DECEMBER 2023.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +447897074201
– We have found the following email: [email protected]
BTrade Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
🚫 Final BTrade Rating 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of BTrade and we have reached the following conclusions about this company:
Location: They mention being located in a VERY UNSAFE location such as Saint Vincent and the Grenadines.
Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.
Please remember that the company has been reported by different financial regulators (in this case the CNMV, the Spanish regulator). Use EXTREME CAUTION.
When taking a closer look at BTrade, critical aspects emerge that deserve attention. The location in Saint Vincent and the Grenadines, a known tax haven, raises immediate questions about transparency and reliability. Compounding the situation, the absence of regulation provides little assurance of oversight, exposing investors to significant risks.
The poor rating received by BTrade and the warning issued by the CNMV in Spain are clear signs of possible operational and security problems. These warnings should be taken seriously, as the CNMV is a respected regulatory body. Considering these factors, investors are strongly advised to avoid BTrade. Prudence is key in the world of investments, and opting for more reliable and regulated platforms is essential to protect your investment and ensure a positive experience.
🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨
Updates
BTrade News:
| Date | Update – news |
|---|---|
| December 2023 | Complaint against BTrade financial regulator CNMV |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with BTrade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by BTrade
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report BTrade
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Frequently Asked Questions
Are there (recommended) alternatives to BTrade?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report BTrade?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is BTrade reliable?
No, BTrade is not a reliable option for investing. The location in Saint Vincent and the Grenadines, a tax haven, and the lack of regulation are causes for concern. Furthermore, the poor assessment and warning issued by the CNMV in Spain highlight possible risks and operational problems. We strongly recommend investors avoid BTrade and look for safer and more regulated alternatives in the financial market. The security of your investment and a positive experience are our primary concern.
How to recover money from BTrade?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
It is a scam, I say this from my own experience... they are very good at scamming, they have stolen 50.000 euros from me. Everything seems “normal”, they call a lot even for small investments… that should have made me suspicious, I fell completely when after making the largest investment they told me that in a week the capital had increased by 25%. Anyway... don't even think about talking to these people.
Hello Pedro, thanks for writing about Btrades. Currently this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.
I've heard good things about them, but I don't want them to steal my money or scam me. Can you help me? Blessings.
Hi Erik, thanks for writing about BTrade. Currently this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.