First BTC FX claims to be registered with Companies House of United Kingdom (CH) with registration number 03644072. The number can be found in CH. However, no information can be used to prove the registration belongs to First BTC FX. Besides, CH does not regulate forex brokers. So having registration does not mean being authorized to provide financial services.
First BTX FX also claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) and the Cyprus Securities and Exchange Commission (CySEC), presenting regulatory numbers190780, and AIF07/2014.
First of all, the number AIF07/2014 is not in the form of license numbers issued by CySEC, and no information about this broker can be found in the CySEC register. That means the broker is not regulated by CySEC.
Moreover, we can find a company with the same name in UK FCA, by searching the regulatory number the broker offers. However, the approved website is not "https://firstbtcfx.com/". First BTX FX may misuse the regulatory number of a regulated company, and the conjecture is authenticated by UK FCA. As the regulator issued a warning that First BTC FX is a clone firm.
What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that First BTC FX is not authorized to provide financial services in Italy. And the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that First BTC FX is not authorized to provide investment services in Spain.
The truth is that First BTC FX 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.
First BTC FX claims to be registered with Companies House of United Kingdom (CH) with registration number 03644072. The number can be found in CH. However, no information can be used to prove the registration belongs to First BTC FX. Besides, CH does not regulate forex brokers. So having registration does not mean being authorized to provide financial services.First BTX FX also claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA) and the Cyprus Securities and Exchange Commission (CySEC), presenting regulatory numbers190780, and AIF07/2014. First of all, the number AIF07/2014 is not in the form of license numbers issued by CySEC, and no information about this broker can be found in the CySEC register. That means the broker is not regulated by CySEC.Moreover, we can find a company with the same name in UK FCA, by searching the regulatory number the broker offers. However, the approved website is not "https://firstbtcfx.com/". First BTX FX may misuse the regulatory number of a regulated company, and the conjecture is authenticated by UK FCA. As the regulator issued a warning that First BTC FX is a clone firm.What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that First BTC FX is not authorized to provide financial services in Italy. And the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that First BTC FX is not authorized to provide investment services in Spain.The truth is that First BTC FX 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.
