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Betensh Financial LTD

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.betenshtrad.com

Website

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Contact

ceo@betenshtrad.com
https://www.betenshtrad.com
291 BRIGHTON ROAD SOUTH CROYDON UNITED KINGDOM CR2 6EQ

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Company Name

Betensh Financial LTD

Company Abbreviation

Betensh Financial LTD

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0549474) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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Betensh Financial LTD · Company Summary

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.

Information Details
Registered Country United Kingdom
Founding Year 2021
Company Address 291 Brighton Road, South Croydon, United Kingdom, CR2 6EQ
Regulation Unregulated
Tradable Instruments Forex,Crude Oil,Precious Metals,Index
Trading Platforms Not specified
Account Types Not specified
Minimum Deposit Not specified
Maximum Leverage 1:400
Commission Not specified
Deposit Methods Not specified
Customer Support Available via telephone and email
Educational Resources Not specified
Bonus Offers Not specified

General Information & Regulation

Incorporated on 9th September 2021, Betensh Financial LTD is an online financial provider offering a series of trading instruments to its retail and professional clients.

Betensh Financial LTD is an active Private Limited Company, with a registered office address based in South Croydon. This company holds the license of Crypto-License authorized by the Financial Crimes Enforcement Network (FinCEN), with License Number: 31000217660963.

Here is the home page of this brokers official site:

home page
General Information & Regulation

Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Betensh Financial LTD advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, CFDs, Crude oil, Precious metals, Index, and digital currencies.

Forex (Foreign Exchange):Forex, also known as foreign exchange or currency trading, refers to the global decentralized market where participants can buy, sell, and exchange currencies. It is the largest and most liquid financial market in the world. Forex trading involves speculating on the value of one currency against another, aiming to profit from fluctuations in exchange rates. For example, a trader might buy euros and sell US dollars if they believe the euro will strengthen against the dollar. The exchange rates in the forex market are influenced by various factors such as economic indicators, geopolitical events, and market sentiment.

Crude Oil:Crude oil is a naturally occurring, unrefined petroleum product that serves as the basis for various energy products. It is a highly valued commodity and one of the most actively traded assets in the financial markets. Crude oil is primarily used to produce gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products. In financial markets, crude oil is traded as a commodity, and its price is influenced by factors such as global supply and demand dynamics, geopolitical tensions, weather conditions, and economic indicators. Traders can speculate on the price of crude oil through various instruments, including futures contracts, options, and CFDs.

Precious Metals:Precious metals are naturally occurring rare metals that have high economic value. The most commonly traded precious metals are gold, silver, platinum, and palladium. These metals are considered valuable due to their scarcity, durability, and use in various industries, including jewelry, electronics, and dentistry. Precious metals also serve as a store of value and are often seen as safe-haven assets during times of economic uncertainty. In financial markets, precious metals can be traded through futures contracts, options, exchange-traded funds (ETFs), and CFDs. The prices of precious metals are influenced by factors such as supply and demand dynamics, economic conditions, geopolitical events, and investor sentiment.

Index:In financial markets, an index is a statistical measure that represents the performance of a specific group of stocks or other financial assets. It provides a snapshot of the overall price movement and performance of the underlying assets in the index. Indices are often used as benchmarks to gauge the performance of a particular sector, market, or economy. Examples of well-known indices include the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, and FTSE 100. Traders and investors can speculate on the price movement of an index through various financial instruments, including futures contracts, options, ETFs, and CFDs. Index prices are influenced by the performance of the individual assets within the index and other market factors such as economic data, corporate earnings, and investor sentiment.

market-instruments

Trading Platform

They utilize the MetaTrader 5 trading platform, providing options for access via iPhone, Android, and PC, allowing clients to trade anytime, anywhere.

The MT5 platform, also known as MetaTrader 5, is a popular and widely used trading platform in the financial markets. It was developed by MetaQuotes Software and is the successor to the previous version, MetaTrader 4 (MT4).

MT5 provides a comprehensive set of tools and features for trading various financial instruments, including currencies, stocks, commodities, and indices. It is favored by traders and brokers for its advanced capabilities, flexibility, and user-friendly interface.

trading-platform
trading-platform

Deposit and Withdrawl

Betensh Financial LTD provides a convenient deposit and withdrawal process, supporting multiple deposit channels like UnionPay and USDT, promising fast transaction speeds and a T+1 type system ensuring that the account will be credited within two working days.

Management and Ownership

The director of the company is Panpan Xue, a Chinese national, who was appointed on the day of incorporation and also holds between 75% and 100% of the company's shares. Yunma Tianlong International Consulting Co., Limited is the current secretary of the company, appointed on the same day.

Management and Ownership

Customer Service

Betensh Financial LTD places a significant emphasis on customer service. They maintain a professional customer service team to assist with any issues or inquiries regarding the use of their trading platform or transaction problems. Customers can reach out to them via their global customer service line and Google chat.

customer-support

Financial Status

Despite being in operation for over a year, the company's financial status is classified as “dormant”. As of September 30, 2022, Betensh Financial Ltd's total assets were reported to be £500,000, with no liabilities, leading to net assets of £500,000.

Financial Status

Analysis and Assessment

Betensh Financial LTD shows promise with its variety of trading products and use of a reliable trading platform like MetaTrader 5. Their focus on customer service is also a strength, suggesting that they value their clients' experience.

However, there are potential areas of concern. The company's dormant financial status, although not necessarily a negative aspect, might raise questions about its ongoing business activities. The lack of publicly available information regarding their regulatory status, account types, deposit methods, leverage, and spreads and fees makes it challenging to fully assess the company's offering and compare it with other financial service providers.

Conclusion

Overall, Betensh Financial LTD presents a mixed picture. It has a broad range of trading products, uses a popular trading platform, and prioritizes customer service. However, the lack of available information on key aspects such as regulation and financial status could be potential areas of concern for investors. It is advisable for potential clients or investors to seek additional information or clarification from the company regarding these aspects.

FAQs

What types of financial trading products does Betensh Financial LTD offer?Betensh Financial LTD offers a variety of financial trading products, including foreign exchange, stock indices, and various Contracts for Difference (CFDs).

Which trading platform does Betensh Financial LTD use?The company utilizes the MetaTrader 5 trading platform, which is accessible via iPhone, Android, and PC.

Who owns and manages Betensh Financial LTD?The company's director is Panpan Xue, a Chinese national, who also holds between 75% and 100% of the company's shares. The current secretary of the company is Yunma Tianlong International Consulting Co., Limited.

What is the financial status of Betensh Financial LTD?As of the latest reports, Betensh Financial LTD's status is classified as “dormant,” with total assets reported to be £500,000, and no liabilities.

How can I reach out to Betensh Financial LTD for customer service?You can reach out to Betensh Financial LTD's customer service team via their global customer service line or Google chat. The company places a significant emphasis on customer service, aiming to assist with any issues or inquiries regarding the use of their trading platform or transaction problems.

Pros & Cons

Pros Cons
• FinCEN-regulated • Unauthorized NFA license
• Wide range of trading assets • Lack of transparency
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is Betensh Financial LTD regulated?
A 1: Yes. It is regulated by Financial Crimes Enforcement Network (FinCEN).
Q 2: Does Betensh Financial LTD offer the industry-standard MT4 & MT5?
A 2: Yes. Betensh Financial LTD supports MT5.
Q 3: Is Betensh Financial LTD a good broker for beginners?
A 3: No. Betensh Financial LTD is not a good choice for beginners. Though it is regulated, the information on trading costs is not transparent enough.

News

Is Betensh Financial LTD Trustworthy? Dive Into The Complete Review

NewsIs Betensh Financial LTD Trustworthy? Dive Into The Complete Review

2023-09-06 14:44

Explore Betensh Financial LTD's credibility in our detailed review. Learn how to identify unregulated trading platforms & safeguard your investments.

WikiFX
2023-09-06 14:44
News
Is Betensh Financial LTD Trustworthy? Dive Into The Complete Review

User Reviews

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FX2381580217
more than one year
Betensh (now Volttexltd) is a scammer. This woman https://www.facebook.com/profile.php?id=100025824882526&mibextid=LQQJ4d approached me on Facebook. She induced me to trade with Betensh and encouraged me to invest more. Two months ago when I attempted to withdraw my money, Betensh required me to pay a tax. Now my trading account was cancelled, Betensh said it has been handed over to a local regulator due to a long time without dealing with tax issues. But Betensh failed to provide who is the local regulator.
2023-06-11 23:34
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Momooo
more than one year
As a regulated UK-based broker, I had high hopes for Betensh Financial LTD. However, after trading with them for a while, I find that their website looks very unprofessional too... It lacks so much important information, no info on trading conditions, no info on payment methods, and even no info on minimum deposit requirement... too disappointing! Overall, I would advise traders to be cautious when trading with Betensh Financial LTD, and to only invest funds that they can afford to lose.
2023-04-25 18:43
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MingTai
more than one year
I was disappointed with their lack of transparency. They claim to offer wide variety of trading instruments, but there's no detailed information about trading conditions on their website. Additionally, their National Futures Association license is unauthorized. I found this concerning as I want to be sure that my funds are secure. Their MT5 platform is decent, but I wouldn't recommend trading with them until they become more transparent about their trading conditions.
2023-04-25 18:39
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FX2381580217
more than one year
In the first trading month I can withdraw my money without trouble. But recently this firm required me to pay 24% tax before withdraw. Is this a scam? How can I get my money back?
2023-04-18 08:58
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0
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Sergii Kys
more than one year
Betensh Financial LTD's website offers very little. If I really want to invest here, I can ask customer service, but I don't want to waste time like this. I'd rather go with companies that provide adequate information.
2023-02-24 10:41
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0
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李国东
more than one year
I am currently fighting with their support team to delete my personal information after I realized I couldn’t perform the type of trade I needed to complete. I have no idea how to describe this broker, awful customer service, slow trade execution…
2022-12-19 12:25
1
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FX1162149276
more than one year
A friend recommended this platform. I looked at their official website and wanted to ask about the account opening process, withdrawal process and time, but they did not support real-time chat. . .
2022-12-15 10:15
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