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Score

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/10

BTFX

Malta|5-10 years|
Suspicious Scope of Business|Malta Straight Through Processing(STP) Revoked|High potential risk|

http://btfx.com/

Website

Rating Index

Contact

+1 178710461
office@evolo.com
http://btfx.com/
BrokersClub Limited, Tower Business Centre 2nd floor, Tower Street, Swatar, BKR4013, Malta

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+1 178710461

English

+44 3300271029

Broker Information

More

Company Name

Brokersclub Limited

Company Abbreviation

BTFX

Platform registered country and region

Malta

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-05-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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BTFX · Company Summary

Company Summary

Company profile

General Information & Regulation

BTFX is a provider of online Forex and CFD trading services, established in 2011, and is regulated offshore by the Financial Services Authority of Malta (FSA), but it does not show a detailed regulatory license number.

Market Instruments

On the BTFX marketplace, investors can trade over 40 Forex currency pairs, gold, silver, and other precious metals. However, BTFX cannot offer investors access to other instruments like indices and CFDs.

BTFX Minimum Deposit

BTFX offers traders five different types of accounts with maximum trading leverage of 1:200. To register an account with BTFX, traders should credit their accounts with at least $250, an average minimum deposit comparing to conditions of other brokers. Still, this amount can be lower ($100 or even $1). However, the initial deposit fee for ECN accounts is higher.

BTFX Leverage

The maximum trading leverage available offered by BTFX is up to 1:200, in terms of forex trading. Since margin trading can amplify returns as well as losses, so it is super important to choose the proper leverage level, and inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

BTFX offers average floating spreads on commission-free accounts. On the other hand, the broker charges lower spreads on ECN accounts amounting to 0.5 points on EUR/USD, but a commission of $7 per lot. Thus, holders of ECN accounts pay 1.2 points for a standard lot on EUR/USD, including commissions which is a standard fee in the brokerage industry.

Trading Platform

BTFX provides the popular MetaTrader4 platform and Autotrade MyFXBook. MT4 features a wide range of trading tools such as technical indicators, charts, and expert advisors that can be ready-made and self-developed. Besides, those traders who copy deals can use Autotrade on MyFXBook through their profile BTFX Live.

Deposit & Withdrawal

BTFX welcomes convenient deposit and withdrawal methods, mainly credit/debit cards, wire transfers, bank cards, NETELLER, Skrill, PayPal, MoneyGram, etc. Traders can choose flexibly according to their needs.

User Reviews

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2

Comments

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FX1167949839
more than one year
There is only one page on the website... Only contact address, phone number, email address, and live chat are provided. The broker seems reluctant to reveal anything publicly, too hidden, be careful!
2022-12-13 15:37
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0
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FX1117632424
more than one year
A totally scammer. My earning grew, but they didn’t let me withdraw the money. They treated me very rudely then, blocking my account, phone call and email…
2022-12-09 11:58
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