BTCBrokerz is a new unlicensed Crypto and Forex CFD Broker, that opened in January 2020.
They are owned and operated by: Saxar Connection Limited, located at: 6 Batulya Street, 5th floor, Apt 16, Pernik Municipality, Bulgaria . No phone number or email address is listed on their website. You can try to email: [email protected]. Official website is at: https://www.BTCBrokerz.com/.
For complaints and withdrawal problems, read this.
BTCBrokerz Detailed Review
A quick review of this new broker called BTC Brokerz find that the trading app they are offering investors is made by Airsoft. It is a simple web-based CFD trading platform, and you not be able to use the industry standard MetaTrader4 or a mobile trading app. Take a look at the screenshot below, and you can see what their web-based trading platform looks like.
You will see hundreds of underlying assets available for CFD trading against the Dollar or Bitcoin including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes.
BTCBrokerz’s website and trading platform is available in English, Spanish, Russian, German and Arabic. New investors are required to deposit a minimum of 250 Euro worth of Bitcoin in order to start trading.
Algorithm trading apps like Bitcoin Revolution, advertise via Fake News articles and illegally use the images of known celebrities and actors. Before falling victim of one of those get rich quick scams, read this article.
Is BTCBrokerz a Regulated Broker?
No, BTCBrokerz is not a licensed broker. All online brokers in Europe must be licensed and regulated by the financial regulatory agency in their country.
Scam Broker Investigator uses a simple method to determine if a Forex broker is legitimate or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia.
For complaints or problems making a withdrawal you should read this article.
Australia ASIC Warning
“ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian financial services licence.”
You can find popular Forex brokers that are licensed and regulated listed here.
Compare Licensed Brokers
There are many Crypto and Forex CFD brokers to choose from online, therefore, you should first look at some popular licensed brokers.
ForTrade is currently our most popular broker for CFD investors. ForTrade is regulated in Australia, England and Canada, see here.
Try a Free Demo of their award winning trading platform, signup here.
Are you already investing with this broker? Please share your investing experience, with new investors reading this review.