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Operating status: SCAM
Website: https://btcoingroup.com/

On 4 July 2022, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that BTCoinGroup is offering financial services without the proper authorization. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
BTCoinGroup claims it has 10 years of experience in the trading market. At the same time, this broker also claims it was founded in 2019. The two statements are obviously paradoxical. We checked its domain, and found it was newly created on 12 Oct 2021. Then how could it starts business in 2019? Not to mention the 10 years of experiences. It is a red flag.
What's more, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that BTCoinGroup is offering financial services without the proper authorization.
That means BTCoinGroup is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
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