Fraudulent Website Scam :


Date 10/11/2022
Url / Website

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Scam contents
The firm showed on its “Latest News” that its latest news can be dated on 15 March 2019. That means the company must be established before or not late than 2019. However, when we checked its domain, the result shows the firm was newly created in 2021. How could this happen? Is it reasonable for a company’s news published before the existence of the company itself? The answer is definitely “No”. Besides, when click on the “Latest News”, you get no link that transfers to the news. That means the firm must use false and misleading information. Therefore, there is the highest possible level of caution for you when dealing with Btec Global.

Btec Global portrays itself as a legal business providing investors with forex services. But actually it is not entitled to operate on any market because it runs without a license.

Viewing its “Contact us” information, we found the firm shows it has agency office in London, UK and is registered in Lausanne, Switzerland. As per the United Kingdom law, any company based in the UK that wants to operate on the financial market needs FCA regulation. As the fraud claims to be located in UK, it must operate with FCA license. However, it has no FCA license. The fact is that the entity is avoiding this rule, because nowhere in the FCA register, we were able to find Btec Global. That means investors' funds in this broker is unsafe and cannot be protected by any laws.

As for its claimed registration in Switzerland, we found it is telling a lie. As a trader, you have to know that a number of financial services provided by Swiss forex broker require FINMA authorisation. In fact, Btec Global gets no license from FINMA. Instead, FINMA maintained and published a warning against the entity that the fraud is carrying out unauthorised services and are not supervised by FINMA. Therefore, it is a scam broker.

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