The Cyprus CySEC Added Bitcoin Trade Pro into Its Warnings On 12 Aug 2022, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Bitcoin Trade Pro is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=838d6edb-c5a8-4afe-b202-82272295716e
Bitcoin Trade Pro
VisitRisk Level - High
Bitcoin Trade Pro
Risk Level - High
Scam Evidence & Warnings
BrokersView has Reviewed that Bitcoin Trade Pro is an Unregulated Forex Broker Bitcoin Trade Pro claims to be operated by Bitcoin Trade Pro Limited, a licensed broker under multiple regulations including: 1) the Cyprus Securities and Exchange Commission (CySEC), No. 11034799; 2) the Vanuatu Financial Services Commission(VFSC), No. 14595; 3) the South Africa Financial Services Conduct Authority (FSCA), No. 46675.We searched VFSC and FSCA and found the two regulatory numbers that the broker offered were belong to the companies named PRIMUS MARKETS INTL LIMITED and PRIMUS AFRICA (PTY) LTD. That means Bitcoin Trade Pro is not regulated by VFSC or FSCA to provide financial services.Moreover, the CySEC number that this broker offered is not in the form of the regulatory number issued by CySEC. And we did not find a company named Bitcoin Trade Pro Limited in the regulated company list of the regulator.However, we found a warning issued by CySEC. The regulator warned the public that Bitcoin Trade Pro is not authorized to provide financial services. The truth is that Bitcoin Trade Pro is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
BrokersView has identified that Bitcoin Trade Pro's website is currently offline BrokersView found that the domain "https://bitcointradepro.com/home.html" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
My client manager hasn't answered me for several days. Scam??? Bitcoin Trade Pro is not a licensed or regulated broker even though it states offers that look good to be true. Bitcoin Trade Pro claims to be a member company of the Bitcoin Trade Pro Group, a group with subsidies authorized by different regulatory bodies, including:1) Bitcoin Trade Pro LIMITED, regulated by the Cyprus Securities and Exchange Commission (CySEC) with license no. 11034799.2) Bitcoin Trade Pro INTL Limited, regulated by the Vanuatu Financial Services Commission (VFSC) with registration no. 14595.3) Bitcoin Trade Pro (Pty) Ltd, regulated by the South Africa Financial Services Conduct Authority (FSCA) with license no. 46675.First, we did not find any match results to Bitcoin Trade Pro in CySEC's registry. Second, using the license number to search in VFSC and FSCA, we found the two numbers belong to companies named "PRIMUS MARKETS INTL LIMITED" and "PRIMUS AFRICA (PTY) LTD" respectively. That means Bitcoin Trade Pro is not under valid regulation by the above two authorities.More importantly, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Bitcoin Trade Pro is not authorized to provide financial services. You can check the full warning from here.The truth is, Bitcoin Trade Pro is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Bitcoin Trade Pro and trade with licensed brokers. View Source
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