BrokersView found that BTrade appears to be a scam BTrade claims to be operated by WSYM Technology LLC, an investment company registered in St. Vincent and the Grenadines and authorized and regulated by the Mwali International Services Authority (MISA) of the Union of the Comoros. Upon investigation, we can confirm that WSYM Technology is listed as an authorized company by the Mwali International Services Authority (MISA). However, please note that MISA currently lists the company as a liquidated company, which indicates that the company may not be able to operate and poses a potential risk to investors. In addition, we have confirmed the registration status of WSYM Technology with the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, please note that BTrade is only registered with the FSA of St. Vincent and the Grenadines. This registration confers International Business Company (IBC) status only and does not constitute a valid financial license. The Financial Services Authority of Saint Vincent and the Grenadines has publicly stated that it neither regulates nor licenses forex trading activities. These red flags raise serious concerns about fraud.

BrokersView has identified that BTrade's website is currently offline BrokersView found that the domain "http://btrade.net/" 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.

Can you help check if btrade is a legit platform? Dear Investor, BTrade claims to be operated by WSYM Technology LLC, a St. Vincent and the Grenadines registered Investment Firm, authorized and regulated by the Mwali International Services Authority (MISA) of the Comoros Union. Upon investigation, we can confirm that WSYM Technology was listed as an authorised company by the Mwali International Services Authority (MISA). However, please note that MISA now lists the company as being in liquidation, which suggests that the company may not be operational and poses potential risks to investors. Furthermore, we have confirmed WSYM Technology's registered status with the Saint Vincent and the Grenadines Financial Services Authority (FSA). However, please note that BTrade is only registered with the SVG FSA. This registration merely grants it International Business Company (IBC) status, which does NOT constitute a valid financial licence. The SVG FSA has publicly stated that it neither regulates nor licences forex trading activities. These red flags raise serious concerns about fraudulent operations. Therefore, we strongly advise exercising extreme caution when trading with BTrade. View Source

What are the trading hours on BTrade? It appears that BTrade's website does not provide certain information, including trading hours. As a result, we suggest contacting their customer service for the most up-to-date and accurate information.Furthermore, we would like to caution you about the potential risks involved. BTrade purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and claims to hold a license from the Mwali International Services Authority (MISA). However, the SVG FSA does not license forex trading brokerage activities, and the records from MISA do not establish a confirmed relationship between the licensee, WSYM Technology LLC, and BTrade (btrade.net). This is because there is no registered website address displayed on the MISA register page for the license holder. Consequently, there is a potential risk of identity theft, where an unscrupulous broker may impersonate a legitimate entity by misusing information published by MISA.Moreover, there are concerns about MISA's legitimacy, capacity, transparency, and enforcement. In summary, investors should be fully informed about these risks. We recommend opting for fully regulated brokers. View Source