Score
Btceth
United Kingdom|2-5 years| https://btcethforex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Btceth also viewed..
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Website
btcethforex.com
Server Location
Hong Kong
Website Domain Name
btcethforex.com
Server IP
143.92.58.66
Company Summary
Note: Btceth official site - https://btcethforex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| Btceth Review Summary in 10 Points | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | NFA Unauthorized |
| Market Instruments | Forex, Oil, Metal, Index, CFDs |
| Demo Account | Not disclosed |
| Leverage | Not disclosed |
| EUR/USD Spread | Start from 25 pips |
| Trading Platforms | MT5 |
| Minimum Deposit | USD 1000 |
| Customer Support | Email, Phone |
What is Btceth？
Btceth, formally known as Btceth Investment Ltd, is a global brokerage firm headquartered in the United Kingdom. It provides its clients with a variety of market instruments including Forex, Oil, Metal, Index, and CFDs. However, it is essential to mention that Btceth currently has an NFA unauthorized regulatory status and its website is not accessible which together present the overall risk factors associated with making investments via the platform.
In the subsequent sections, we are going provide a detailed and comprehensive review of this broker's features, presenting the information in an organized and easy-to-understand manner. If you're interested, we suggest you to continue reading. At the end of the article, a brief summary will be included to offer a quick and complete overview of the broker's unique characteristics.
Pros & Cons
| Pros | Cons |
| • MT5 trading platforms | • NFA unauthorized |
| • Zero commissions | • High minimum deposit |
| • Website dysfunctional | |
| • Lack of transparency | |
| • Negative reviews from their clients | |
| • Wide spreads |
Btceth's profile comes with its unique blend of advantages and disadvantages.
On the upside, Btceth provides the widely-used and user-friendly MetaTrader5 (MT5) trading platform for its clients. It also operates on a zero-commission policy, which could be advantageous for traders who execute large volumes of trades.
Disadvantages of the broker, however, are notably significant. Btceth's non-authorization from the NFA raises regulatory concerns. The platform also demands a high minimum deposit threshold of USD 1000, which may pose a barrier to entry for novice traders or those with limited capital. The broker also suffers from technical issues with its website being dysfunctional, leading to severe challenges in accessibility. The lack of transparency in the firm's operations, wide spread from 25 pips, and a series of negative client reviews also add to its growing list of drawbacks.
Is Btceth Safe or Scam？
When considering the safety of a brokerage like Btceth or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: The fact that Btceth's NFA license no. 0539113 is unauthorized clearly raises concerns about the safety of trading with them. Additionally, the unavailability of their official website could indicate a pause in their operations. These elements collectively heighten the potential risks associated with investing through their platform.
User feedback: The existence of 21 reports on WikiFX concerning scams and withdrawal troubles acts as potential warning signs. Before deciding to engage with any broker or investment platform, it is crucial for traders to carry out thorough research and due diligence to avoid making regrettable decisions.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with Btceth is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
Btceth offers an array of financial market instruments to its clients around the world.
First and foremost, it offers Forex trading, which involves buying and selling global currencies in pairs. It also trades in commodities such as Oil and Metal, providing an alternative asset class for traders seeking diversification. In addition, Btceth provides Index trading, giving traders access to a basket of different securities in a single trade. This offers the opportunity to speculate on entire sectors or economies. Lastly, Btceth offers Contracts for Difference (CFDs). CFD trading lets traders speculate on the rising or falling prices of fast-moving global financial markets (like shares, indices, commodities, currencies and more) without owning the underlying asset.
Accounts
The exact details about the account types Btceth offers are currently unavailable. However, it is reported that a minimum deposit of USD 1000 is required to start trading with them. This suggests a relatively high threshold, which might not be suitable for all kinds of traders, especially those with lower financial capacity.
For further information about their account types, trading platforms, or any other trading-related query, traders are strongly advised to contact the broker directly. Please remember that it's essential to make all necessary inquiries and understand the terms and conditions before you start investing.
Spreads & Commissions
Btceth employs a Spread Trading Protocol (STP) with various spread margins for different currency pairs.
The spread for USDJPY, USDCAD, USDCHF, AUDUSD, and NZDUSD is set at 27 pips. Meanwhile, the broker has set the STP spread for the EURUSD pair at 25 pips, while for GBPUSD, it is slightly higher at 30 pips.
One crucial aspect to note about Btceth's trading cost structure is that the brokerage firm does not impose any additional fees or commissions on trades. This means that traders only need to cover the cost of the spread when trading through Btceth.
Trading Platforms
Btceth offers its clients a robust trading platform in the form of MetaTrader 5 (MT5).
As one of the most advanced and popular trading platforms in the world, MT5 allows for seamless navigation of global financial markets. This platform is renowned for its state-of-the-art trading tools, live market insights, and advanced charting capabilities, each of which aids traders in making well-informed decisions.
In addition to these, it also facilitates automated trading with the use of specialized scripts, known as Expert Advisors (EAs), enabling traders to execute trades at desired price levels without active monitoring.
User Exposure on WikiFX
WikiFX shares a concerning number of 21 reports detailing scams and withdrawal problems, which serves as an alarming signal for potential investors.
Therefore, we earnestly recommend all traders to conduct thorough and extensive research prior to any monetary investment. Our platform aims to provide you with all-encompassing information to help wise decision-making. If you have been subject to fraudulent practices or been victim of scams by brokers, we strongly encourage you to share your experiences in our 'Exposure' section. Your invaluable inputs will be highly appreciated. Our dedicated team is committed to addressing these issues and advocating on your behalf to help find resolutions to these complex scenarios.
Customer Service
Btceth provides multiple customer service options to assist its clients. Customers can reach out to Btceth through various channels to address their queries and concerns as below:
Phone: +17206552843.
Email: btcethforex@gmail.com.
Conclusion
Btceth, a global online broker based in the United Kingdom, is known to offer Forex, Oil, Metal, Index, and CFDs trading services according to online sources. However, its unauthorized NFA regulatory status raises immediate red flags, as reputable brokers are required to adhere to industry-standard financial regulations that provide clients with assurance. The lack of operational website accessibility and 21 reported cases of withdrawal issues on WikiFX further detract from their credibility, reflecting a lack of professionalism and due diligence.
Consequently, potential investors considering Btceth should proceed with caution. It's advisable to consider alternative, regulated brokers who prioritize transparency, security, and adhere to a high standard of accountability.
Frequently Asked Questions (FAQs)
| Q 1: | Is Btceth regulated？ |
| A 1: | No. It has been verified that this broker is currently under NFA unauthorized condition. |
| Q 2: | Is Btceth a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of scams and unable to withdraw. |
| Q 3: | Does Btceth offer the industry leading MT4 & MT5？ |
| A3: | Yes, it offers MT5 platform. |
| Q 4: | Whats the minimum deposit Btceth requests？ |
| A 4: | The minimum deposit of Btceth is USD 1000. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 22
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FX7060231002
Japan
I can't withdraw even if I pay everything, I want you to return the money, I was deceived by 700,000 yen, please return it.
Exposure
2022-05-06
FX7060231002
Japan
I can't pay and withdraw anything. Please refund. The broker also blocks me on Line. They are really bad.
Exposure
2022-05-04
FX5173660420
Japan
I deposited a large amount of money to this account manager, but when I asked for withdrawal, he asked for money one after another
Exposure
2022-03-12
FX7060231002
Japan
It's open to the public, but it doesn't take up a lot. I meet with a broker, and all the managers are tied up. I want you to keep your eyes on them strictly.
Exposure
2022-03-04
FX5173660420
Japan
Even if I pay the money, it doesn't deposit. I make a deposit each time, but I'm getting additional money one after another. It looks like an employee there. What do you mean? Yesterday, I was asked if I would like to pay an additional fee today, but the answer is YES, but in the end I need additional money. Are you really willing to deposit money?
Exposure
2022-02-28
芥川幹男
Japan
There is a possibility of fraud. Fees, taxes, safe money, and withdrawals are difficult to transfer. It is a remittance fraud.
Exposure
2022-02-27
FX7060231002
Japan
Please post because I cannot withdraw. It is said that you can withdraw with a deposit of 210,000 yen. Then again, because the account is frozen, you need to deposit 350,000 yen, but you could not withdraw. The interest was generated for a long time in the account deposit. 100,000 yen was deposited, and finally the manager ignored, Brokers, LINE block, please return the money.
Exposure
2022-02-25
FX7060231002
Japan
Withdraw a small amount twice, then you can not withdraw unless you pay 210,000 yen for the third time. Then, I deposit 350,000 yen for account freezing fee and request 100,000 yen for delinquency this time. you just cannot withdraw. .
Exposure
2022-02-16
FX2437485157
Japan
Ai said that if you lend me 200,000 yen to withdraw 30 million yen, I will lend you my debt of 1.13 million yen and investment of 2 million yen, but I lost the contact with her after depositing. I can't take it.
Exposure
2022-02-15
FX2437485157
Japan
Ai, a self-proclaimed Btceth employee, withdrew 30 million yen, but she didn't have enough 200,000 yen, so she asked me to lend her, and after I made the transfer, I couldn't contact her at all. ①
Exposure
2022-02-15
Toshihiro
Japan
Even if you apply for an unbelievably high amount of money, it will be canceled without permission
Exposure
2022-02-04
FX7060231002
Japan
The manager and his buddies said that if you don't unfreeze your account, you can't withdraw money from it and that I owe them 200,000 yen and they told me to deposit 150,000 yen and I deposited it and they said I only have 50,000 yen and I still can't withdraw money.
Exposure
2022-01-29
Toshihiro
Japan
I got acquainted from SNS and recommended a forex investment trading with a half-Korean woman. She recommended me to push it and open an account. I downloaded MT5 and was introduced to the manager. The work was completed. The first half-Korean woman guide the trading by using the app on MT5 and the manager manages deposits and withdrawals. The winning rate of transaction is almost 100% When you submit a withdrawal application to the manager, you can see in the picture, but you are told that you cannot withdraw unless you pay a large tax. The Japan Tax Revenue Bureau and Japanese lawyers are completely unaware of the International Foreign Currency Control Ordinance. All the managers who call themselves Btceth Investment Ltd, a half-Korean woman, interact with Line. There are emails and line chats on the right side of Btceth Investment Ltd's site, but Line is also an Asian female addition. Other securities companies I saw a site with a similar top screen
Exposure
2021-12-28
Toshihiro
Japan
It's been 24 hours. When I made an inquiry, I was asked to pay the tax.
Exposure
2021-12-28
林先生65508
Hong Kong
I had deposited $200 on November 30 2021, but the backstage does not have any response. I had emailed for several times, but there was no reply.
Exposure
2021-12-02
篠崎範浩
Japan
MT5 balance is 0, but it does not credited to designated account.
Exposure
2021-11-25
FX3709737991
Japan
The account managers I deal with are the same for both companies. I asked my account manager to withdraw money because I was told that it is best to withdraw money now. Because of profits will increase and taxation will increase if it increases again. Someone told me that if I have to pay taxes and complete the payment and withdrawal process and wait for the report, I will be charged a fee of 10% of the international remittance withdrawal amount. The fee will be fully refunded to your account. Someone told me that if I can confirm the payment, I will transfer the amount with the payment of this fee. I did not pay this fee because it happened to me before.
Exposure
2021-11-18
江口紀
Japan
First of all, a woman named Kyoko got in touch with me in Facebook and instructed me to trade by MT5. The profit at the beginning was able to be withdrawn, and about 20% of the profit was prepaid tax. After I paid, I was able to withdraw the funds. I was told I could make 1 million yen because the market price was good, so I borrowed money, and Kyoko also lent me 2 million yen. I deposited in the MT5 account. Since I traded at this amount, I made a good profit and it cost 500,000 yen to withdraw the funds.When I tried to withdraw, it was said that it would cost about 500,000 yen for the international currency channel since it was a high-priced withdrawal application this time and I paid. At this time, Ms. Wendy in charge said that it would not take any more to withdraw the funds, but next time the funds were transferred to the Bank of England and it would take 30% of the funds to withdraw. I was told that it it would take 8% to withdraw. A good lawyer at Yameken introduced me to a lawyer from the Ministry of Foreign Affairs, and after close examination, I was told that they were telling lies. When I asked, I was told that my funds and account would be frozen. It's a scam.
Exposure
2021-09-26
FX6300647422
Japan
I deposited and withdrew for several times but they restricted transaction. It was totally a scam.
Exposure
2021-08-17
FX6300647422
Japan
It was impossible to withdraw for the first time at a dangerous company. I invested in testing and paid taxes and remittance fee in advance. I asked for withdraw tax and NTA number on July 29. But the Japanese staff did not reply. Stay away from this company.
Exposure
2021-07-29