FXBTG Review (2023)
About FXBTG
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is FXBTG safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
FXBTG is a Forex broker, owned and operated by FXBTG Financial Limited. The company doesn’t provide any information about the trading conditions, it doesn’t even look like a trading platform, it just states to be a provider of the trading instruments on the global financial markets include currencies, precious metals, crude oil and so on. FXBTG claims to be located in Auckland, New Zealand, however, the company is not regulated to provide its services in the country. Moreover, the broker has been blacklisted by The Central Bank of Ireland in October 2018:
“The Central Bank of Ireland today 8 October 2018 published the name of an unauthorised investment firm, FXBTG Financial Ltd (Ireland and New Zealand). FXBTG Financial Ltd (Ireland and New Zealand) is not authorised by the Central Bank as an investment firm, investment business firm, or to provide investment advice.”
Conclusion
Regulation is very important for the safety of the funds in the sector and well established financial authorities like the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) to provide sufficient security to traders. Check the list of the ASIC-regulated brokers.