BTB Inc Limited- Not Authorized To Hold Clients’ Money

BTB Inc Limited is a UK-based company engaged in fund management activities. However, this entity is not licensed to legally provide services and manage clients’ money.

We thus urge you to read our honest BTB Inc Review and learn exactly how the firm violates regulations and laws and which implications such actions have. Also, we offer our professional fund recovery services, in case you got tricked by the likes of BTB Inc or SWKInvest.   

Legal Info: Is BTB Inc Regulated?

BTB Inc Limited was incorporated in the United Kingdom on February 6, 2023. The firm was registered under the code 66300 – fund management activities. Yet, it does not possess the necessary license in order to legally operate.

This was confirmed by the UK’s Financial Conduct Authority (FCA) on October 30. Namely, the FCA issued a warning to local traders, stressing that the BTB broker is not authorized to provide services.

In case you trade on this platform, you “won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business,” the FCA says.

Instead of trusting unlicensed phonies, you should stick to regulated providers operating under the supervision of reputable financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are BTB Inc’s Targets?

According to godaddy.com/whois, the BTB.inc website domain was created on February 6, 2023. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:

• United Kingdom;
• United States;
• Philippines;
• Canada;
• India.

These countries are known for heavy financial market regulations, especially the UK and the US. A common rule they all have in force stipulates that each financial market participant is required to possess a necessary license or permit. 

As we stated previously, BTB Inc is not authorized to provide Forex trading services. The broker directly violates regulations by offering bonuses, which are banned in the UK.

Trader Reviews – Sharing Experiences

At the time of this writing, BTB Inc received 3.8 reviews and an average score of 3/5 (average) on trustpilot.com. Although there are mixed reviews, the complaints seem more compelling and honest.

One unfortunate victim claims that “to withdrawal any monies at all, they are requesting $23,000.00 + for liquidation fees before releasing the funds,” which is yet another illegal thing to ask a client. More negative reviews can be found on scamadviser.com. 

The webparanoid.com check gave BTB Inc’s website a poor trust score too. Please avoid trading on these platforms and instead stick to transparent providers with credible licenses.

Which Trading Platform Is Available?

Like TradeUltra, BTB Inc offers MetaTrader 5, a popular cutting-edge platform with a wide range of advanced tools for trading popular Forex currency pairs, commodities, stocks, and cryptocurrencies.

MT5 is arguably the best trading software in the industry, enabling traders to utilize innovative and enhanced tools such as automated & algorithmic trading, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

However, the website doesn’t offer a demo account that we would’ve used to verify the legitimacy of this platform. For that reason, even if you download it, do not invest money in it. 

If you want a pure trading experience, you should stick to licensed providers that support that same software, or similar advanced platforms such as MetaTrader 4 or cTrader. 

Available Live Account Types

Leverage, Spreads, Commissions, Bonuses

Trading conditions such as the maximum leverage, spreads, and commissions are virtually unknown. How is one supposed to trade without knowing how much the platform charges?

Moreover, the broker awards clients bonuses, which, as we mentioned, are banned in the UK. These pesky incentives come with strings attached though. “Bonus * 20,000 = Total contract Threshold, which shall allow the Client to perform the withdrawal of the Bonus amount,” the policy stipulates.

That’s a pretty insane trading volume requirement, not something you would want in your contract so please avoid dealing with this cyber hoodwinker.

Deposit and Withdrawal Process

The minimum deposit requirement is 2,500 USD, which is significantly more than what most legitimate brokers would charge you for a live account. Another red flag is that the broker accepts payments exclusively via crypto transfers.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and reverse, plus such a method allows them to remain anonymous and run their schemes.

To reverse such transactions, you’re going to need to seek out professional assistance as these types of refunds can be a nightmare to achieve. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About BTB Inc

To sum up our BTB review, we analyzed this unlicensed UK Forex brokerage firm that mainly targets traders from the UK, US, Canada, India, and the Philippines.

We do not recommend this platform because it is unregulated and blacklisted by the FCA. In case you have also lost money to BTB Inc, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the fund recovery process.

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