BTX Group Review : Fees, Pros and Cons, Reviews by Real Traders

BTX Group

Operating status: SCAM

Website: https://www.btxgroup.io/

Broker violations and abnormal records

Feb 19, 2023 The Spain CNMV Added BTX Group into Its Warnings
On 20 Feb 2023, the Comisión Nacional del Mercado de Valores(CNMV) issued a warning against BTX Group for not being authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0&lang=en

On 20 Feb 2023, the Comisión Nacional del Mercado de Valores(CNMV) issued a warning against BTX Group for not being authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0&lang=en
Feb 20, 2023 Brokersview has Reviewed that BTX Group is an Unregulated Forex Broker
BTX Group claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, BTX Group shows its company address is in Austria. As per the relevant law, the Austrian Financial Market Authority (FMA) is responsible for the regulation and supervision of the Austrian financial services industry. But we did not find any match results for this broker in Austrian FMA.
More importantly, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning against BTX Group for not being authorized to provide investment services. The truth is that BTX Group 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.

BTX Group claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, BTX Group shows its company address is in Austria. As per the relevant law, the Austrian Financial Market Authority (FMA) is responsible for the regulation and supervision of the Austrian financial services industry. But we did not find any match results for this broker in Austrian FMA.More importantly, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning against BTX Group for not being authorized to provide investment services. The truth is that BTX Group 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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