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The WikiFX Score of this broker is reduced because of too many complaints!

BBT

Hong Kong|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.bbtforex.com/

Website

Rating Index

Contact

+852 56372859
services@bbtforex.com
https://www.bbtforex.com/
RM 1305 13/F CHEONG K BUILDING 84-86 DES VOEUX ROAD CENTRAL HK
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+852 56372859

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Broker Information

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Company Name

BBT Capital Limited

Abbreviation

BBT

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BBT · WikiFX Survey

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Expose
Unable to Withdraw

Strongly recommend against this company

Despite at least 6 emails to various members of their team I had no response from this company and no funds were paid out .BBT initially told me my withdrawal was pending because I was suspected for money laundering. Makes absolutely no sense to me since they carried out most of the trades themselves.

2022-08-09 13:49
Unable to Withdraw

Scam beware, Can't Withdraw Money

First story someone ask me learn investing and direct me to this website broker, then i joined because i trust her so much. She want to help me to investing in Forex business. She teach me everyday. At first the money is relativelynya small only $200 with cryptocurreny and then i can withdraw it succesfully 100$. Then deposit againand again with bigger money and withdraw 750$ and it sucesfully withdrawed. After i believe it not scam. i deposit again up to 8626$ and played it until profit around 30.000$. Later i and she agree to deposit for our fund love, so she borrow from her sister and she deposit to my account 1.6009$, two days later after my i want to withdraw big money around 7000$ and rejected, i call the service and say 1.6009$ was from money laundry, ilegal fundraising and i must pay again 1.6009$ if that money not from money laundry for 24 hours or account will be frozen and to release risk status and no other solution available. Do you think it make sense i must pay for huge ammount if i'm not doing anything wrong?i ask for live agent, office, phone number and no one given by the customer supportSo now my account frozen and can't withdraw the money. Beware if big money you can't withdraw it ! In my case they use money laundry as the reason!Note: the site say it has been business since 2015-2022 but the still age of site still 2 month old, look at my screenshoot. -> https://bbtforex.com

2022-04-13 12:52

    BBT · Company Summary

    image.png

    General Information

    BBT Financial Limited is a financial provider based in Hong Kong, allegedly offering its clients diversified range of trading instruments, such as Forex Exchange, Indices, Stocks and more. BBT claims to offers its clients four trading accounts, but in fact, only a standard account is available when you click on its account setting. The maximum leverage available on this brokerage platform is insanely high, reaching up to 1:1000.

    Is BBT safe to trade with

    Unfortunately, BBT has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. Due to the lack of any regulatory license, its regulatory status on the WikiFX website has been marked as “No License” and it receives a pretty low score of 1.13/10.

    Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.

    wikifx

    Account Types

    BBT says it offers four types of trading accounts on its homepage. However, when we click on its “account” link, only a standard account is displayed, with its minimum initial deposit not disclosed.

    Spreads & Commissions

    Spreads and commissions are not disclosed anywhere on the BBTs official website.

    Leverage

    When it comes to leverage, a key red flag with BBT is that it permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for offshore companies, and Nation FX just engages in it to increase its client base.

    Trading Platform

    BBT offers its clients the access to the popular MT5 trading platform that can be available for Desktop and Mobile devices.

    Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.

    Customer Support

    Traders can reach out to BBT about any questions or concerns they may have about their accounts or their trading through the following methods:

    Telephone: +85256372859

    Email: services @bbtforex.com

    Registered Company Address: RM 1305 13/F CHEONG K BUILDING 84-86 DES VOEUX ROAD CENTRAL HK

    Risk Warning

    There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

    The information presented in this article is intended solely for reference purposes.

    News

    CFTC Includes 45 More Unregistered Foreign Entities to the RED List

    ExposureCFTC Includes 45 More Unregistered Foreign Entities to the RED List

    2023-06-13 15:55

    CFTC strengthens its RED List with 45 more unregistered foreign firms, reaffirming its commitment to safeguarding American traders from potential financial fraud.

    WikiFX
    2023-06-13 15:55
    Exposure
    CFTC Includes 45 More Unregistered Foreign Entities to the RED List

    User Reviews

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    Comments

    Write a review

    FX1254573859
    more than one year
    Since last year, I am not able to withdraw my money with BBT, they replied that they will fix my issue. However, nothing was done until today, my money is till blocked there. Nothing was sent to me and they don't attend anymore to my email neither calls.
    2023-02-24 17:57
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    0
    四非
    more than one year
    I want to know more about the standard account, but no detailed information presented. The whole website design is simple too, you can hardly find any essential information.
    2022-12-16 11:03
    Reply
    0
    0
    Sara.
    more than one year
    Can't withdraw. Trading for so many years, the first time I heard that withdrawals also have to pay taxes, if not pay taxes will not let me withdraw... Seriously suspect they're a scam company...
    2022-12-06 10:05
    Reply
    0
    0
    10
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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