BBT Review : Fees, Pros and Cons, Reviews by Real Traders

BBT

Operating status: SCAM

Website: https://www.bbtforex.com/

Broker violations and abnormal records

Aug 10, 2022 BrokersView has Reviewed that BBT is an Unregulated Forex Broker
BBT claims to be an experienced firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.
Besides, BBT shows its company address is in Hong Kong. As forex traders, you should know all regulated forex brokers in Hong Kong are monitored by the Securities And Futures Commission (HK SFC). However, we did not find any match results to BBT in HK SFC. That means BBT is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BBT claims to be an experienced firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.Besides, BBT shows its company address is in Hong Kong. As forex traders, you should know all regulated forex brokers in Hong Kong are monitored by the Securities And Futures Commission (HK SFC). However, we did not find any match results to BBT in HK SFC. That means BBT is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Nov 27, 2022 BrokersView has found that BBT is not working
BrokersView found the domain "https://www.bbtforex.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://www.bbtforex.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Jun 11, 2023 The US CFTC adds BBT to its RED List
On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added BBT to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added BBT to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

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