The Spain CNMV Added BTX Group into Its Warnings On 20 Feb 2023, the Comisión Nacional del Mercado de Valores(CNMV) issued a warning against BTX Group for not being authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0&lang=en

Brokersview has Reviewed that BTX Group is an Unregulated Forex Broker BTX Group claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, BTX Group shows its company address is in Austria. As per the relevant law, the Austrian Financial Market Authority (FMA) is responsible for the regulation and supervision of the Austrian financial services industry. But we did not find any match results for this broker in Austrian FMA.More importantly, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning against BTX Group for not being authorized to provide investment services. The truth is that BTX Group 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 BTX Group's website is currently offline BrokersView found that the domain "https://www.btxgroup.io/" 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.

BTX Group is a scam. Am I right? BTX Group is not a regulated or licensed broker for traders even though it states offers that look good to be true.BTX Group claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, BTX Group shows its company address is in Austria. As per the relevant law, the Austrian Financial Market Authority (FMA) is responsible for the regulation and supervision of the Austrian financial services industry. But we did not find any match results for this broker in Austrian FMA.More importantly, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning against BTX Group for not being authorized to provide investment services. You can check the full warning from here. The truth is, BTX Group 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 BTX Group and trade with licensed brokers. View Source