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BTCADA Global Limited foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://user.gotraysfx.com/register/email, about the company's legal and temporary regulatory information, the company's address .

BTCADA Global Limited Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
BTCADA Global Limited
Abbreviation
BTCADA Global Limited
Company employee
--
Contact Number
400-6666-8888
QQ
123456
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Key Information Details Company Name BTCADA Global Limited Years of Establishment 2-5 years Headquarters United Kingdom Office Locations N/A Regulation Unregulated Tradable Assets N/A Account Types ECN Account, VIP Account, Stand Account Minimum Deposit $7,000 USD Leverage Up to 1:200 Lot 0.01 Spread As low as 0 pip Deposit/Withdrawal Methods N/A Trading Platforms Meta Trader 5 Customer Support Options Contact number, QQ Overview of BTCADA Global Limited BTCADA Global Limited is a company that has been operating for 2-5 years and is headquartered in the United Kingdom. They offer trading services in the financial industry, specifically in the realm of common financial services. The company provides different account types, including ECN, VIP, and Stand accounts, each with its own minimum deposit requirement. They offer a trading platform called Meta Trader 5, and their customer support is available in English through a contact number and QQ. The company does not disclose information about the tradable assets or deposit/withdrawal methods. It is important to note that the regulatory status of BTCADA Global Limited was not provided with the information given. Regulation BTCADA Global Limited is an unauthorized broker and is labeled, under the lincense number 0536894, as unauthorized by the National Futures Association (NFA) in the United States. BTCADA Global Limited does not hold a license from the NFA, and its operations are not subject to NFA regulations. As a result, the company lacks the oversight and compliance requirements imposed by the NFA, which may raise concerns regarding the company's legitimacy and adherence to industry standards. Risk Warning Since BTCADA Global Limited is unauthorized and not regulated by the NFA, it operates outside the purview of established regulatory frameworks. Unregulated brokers may present higher risks to traders. The absence of regulation means that there are no specific guidelines or safeguards in place to protect investor funds, ensure fair trading practices, or resolve disputes. Traders should be aware of the potential risks associated with trading with an unregulated broker like BTCADA Global Limited, which may include a lack of transparency, potential fraudulent activities, and limited legal recourse in the event of financial misconduct or disputes. Pros and Cons BTCADA Global Limited offers ECN and VIP account types, providing traders with options to suit their trading preferences. The availability of the Meta Trader 5 platform allows for efficient trading and analysis. With leverage of up to 1:200, traders have the potential to amplify their positions. The company also offers low spreads, ranging by account, which may be appealing to cost-conscious traders. Additionally, the company provides customer support in English through phone and Chinese support by QQ. One of the significant drawbacks of BTCADA Global Limited is its unauthorized status, which raises concerns about the company's legitimacy and adherence to industry regulations. Second would be the lack of an accessible website, which has heavy negative implications about the management and credibility of the brokerage. The limited information provided about the company, such as deposit/withdrawal methods and tradable assets, may hinder traders' ability to make informed decisions. Moreover, negative customer feedback related to difficulties in withdrawing funds and reports of fraudulent activities raises red flags and further highlights the potential risks involved in engaging with this company. Pros Cons Offers Stand, ECN and VIP account types Unauthorized status Utilizes Meta Trader 5 platform Inaccessible Website Leverage of up to 1:200 Limited information on deposit/withdrawal methods and tradable assets Low spreads offered Negative customer feedback Customer support available in English and Chinese Inaccessible Website The website of BTCADA Global Limited appears to be inaccessible or unavailable, which severely limits access to important information about the company and its services. This lack of accessibility hampers transparency and undermines the company's reputation. Potential clients seeking to gather comprehensive details about the company's offerings, regulatory status, or terms and conditions are unable to do so, which raises concerns and questions about the legitimacy and credibility of BTCADA Global Limited. The unavailability of the website leaves traders unable to access vital information that would typically be provided by a reputable and transparent broker, like the ability to create an account or updated information on the brokerage. Account Types BTCADA Global Limited offers three account types: ECN Account, VIP Account, and Standard Account, with all specific information as follows: ECN Account: BTCADA Global Limited offers the ECN Account type, which requires a minimum deposit of $50,000 USD. Traders utilizing this account have access to a maximum leverage of 200:1. The minimum spread for this account ranges from 0 to 0.3. However, specific details about the available products and supported currencies are not provided. The minimum position size for trades is set at 0.01. Additionally, there is no information available regarding the supported EA (Expert Advisor), depositing method, withdrawal method, or commission associated with the ECN Account. VIP Account: BTCADA Global Limited offers the VIP Account, which demands a minimum deposit of $20,000 USD. This account type allows traders to utilize a maximum leverage of 200:1. The minimum spread for the VIP Account ranges from 1.2 to 1.8. Similar to the ECN Account, details about available products and supported currencies are not specified. The minimum position size for trades remains at 0.01. Unfortunately, information regarding the supported EA, depositing method, withdrawal method, and commission for the VIP Account is not provided. Stand Account: BTCADA Global Limited offers the Standard Account, which requires a minimum deposit of $7,000 USD. Traders with a Standard Account can utilize a maximum leverage of 200:1. The minimum spread for this account type ranges from 2.2 to 2.8. As with the other account types, specific details about the available products and supported currencies are not disclosed. The minimum position size for trades remains at 0.01. However, information about the supported EA, depositing method, withdrawal method, and commission associated with the Standard Account is not available. Account Type Minimum Deposit Maximum Leverage Minimum Spread Minimum Position Commission ECN $50,000 USD 1:200 0-0.3 0.01 N/A VIP $20,000 USD 1:200 1.2-1.8 0.01 N/A Standard $7,000 USD 1:200 2.2-2.8 0.01 N/A Minimum Deposit BTCADA Global Limited has different minimum deposit requirements based on the account type chosen. The ECN Account requires a minimum deposit of $50,000 USD, the VIP Account requires a minimum deposit of $20,000 USD, and the Standard Account requires a minimum deposit of $7,000 USD. The minimum deposit serves as the initial investment amount required to open an account with the company. It is important for traders to consider their individual financial circumstances and risk tolerance before deciding on the account type and corresponding minimum deposit that aligns with their trading goals. Leverage BTCADA Global Limited offers a maximum leverage of 200:1 across its account types. Leverage allows traders to control larger positions in the market with a smaller initial investment. However, it is important to note that higher leverage can amplify both profits and losses, increasing the risk involved in trading. Spread BTCADA Global Limited provides different spreads across its account types. The ECN Account offers a spread range of 0-0.3, the VIP Account offers a spread range of 1.2-1.8, and the Standard Account has a spread range of 2.2-2.8. The spread represents the difference between the bid and ask prices of a financial instrument and reflects the cost of trading. Lower spreads can be favorable for traders as they reduce overall trading costs and may lead to potentially better trading opportunities. Trading Platforms BTCADA Global Limited offers the Meta Trader 5 (MT5) trading platform for its clients. MT5 is a widely recognized and popular platform among traders due to its advanced features and functionality. It provides a user-friendly interface, comprehensive charting tools, technical indicators, and the ability to automate trading strategies using Expert Advisors (EAs). The platform supports multi-asset trading, allowing traders to access various financial markets, including forex, stocks, commodities, and indices. The following is a table that displays BTCADA's available trading platforms in comparison to four other brokerages: Broker Trading Platforms BTCADA Meta Trader 5 (MT5) OctaFX Meta Trader 4 (MT4), Meta Trader 5 (MT5) FXCC Meta Trader 4 (MT4), NetStation Tickmill Meta Trader 4 (MT4), Meta Trader 5 (MT5), WebTrader FxPro Meta Trader 4 (MT4), Meta Trader 5 (MT5), cTrader Customer Support BTCADA Global Limited offers customer support through the following: Phone Support (English): Traders can reach customer support by dialing the contact number 400-6666-8888. QQ (Chinese): Customers can communicate through QQ using the provided QQ number 123456. These channels provide direct access to the company's customer support team, allowing traders to seek assistance, address inquiries, and receive guidance related to their trading activities. It's important to note that the availability of customer support through these channels may be subject to specific working hours or limitations, which is not available as BTCADA has no available website to reference information from. Customer Feedback BTCADA Global Limited has received customer feedback that raises concerns regarding the company's services. Traders have reported difficulties in withdrawing funds and have expressed dissatisfaction with their overall experience. Some reviews suggest instances of fraudulent activities, where traders were unable to withdraw funds even after upgrading to VIP accounts. Other feedback highlights issues related to the freezing of accounts if trading goals are not achieved within a designated time frame. These customer reviews indicate potential risks and challenges associated with trading with BTCADA Global Limited, reinforcing the importance of conducting thorough research and due diligence before engaging with the company. Conclusion In conclusion, BTCADA Global Limited, an unauthorized broker, lacks the necessary regulatory oversight and was labeled unauthorized by the National Futures Association (NFA). This raises concerns about the company's legitimacy and adherence to industry standards. Additionally, BTCADA Global Limited offers three account types with different minimum deposit requirements and maximum leverage ratios of up to 1:200 as well as provides the Meta Trader 5 trading platform. Furthermore, customer feedback has highlighted issues regarding difficulties in fund withdrawals and reports of fraudulent activities. The company's inaccessible website further adds to the lack of transparency and raises questions about its credibility. FAQs Q: What is the maximum leverage offered by BTCADA Global Limited? A: BTCADA Global Limited provides a maximum leverage of up to 1:200. Q: What are the available account types with BTCADA Global Limited? A: BTCADA Global Limited offers ECN, VIP, and Standard account types. Q: Which trading platform is offered by BTCADA Global Limited? A: BTCADA Global Limited provides the Meta Trader 5 (MT5) trading platform. Q: How can traders reach customer support at BTCADA Global Limited? A: Traders can contact BTCADA Global Limited's customer support through phone and QQ. Q: Is BTCADA Global Limited a regulated broker? A: BTCADA Global Limited is unauthorized and lacks regulation from reputable authorities. Q: What are some concerns raised by customer feedback about BTCADA Global Limited? A: Customer feedback highlights difficulties in fund withdrawals and reports of potential fraudulent activities with BTCADA Global Limited.

Rating Index

ECN Account

Minimum Deposit
50000USD

VIP Account

Minimum Deposit
20000 USD

  

BTCADA Global Limited Forex Broker - Complete Information Guide

  

1. Broker Overview

  BTCADA Global Limited is a forex broker that has been operational for approximately 2 to 5 years. The company is headquartered in the United Kingdom. As a private entity, BTCADA Global Limited has positioned itself in the financial services sector, specifically targeting retail forex and CFD trading markets. The broker primarily serves a diverse clientele, including individual traders looking for forex and cryptocurrency trading opportunities.

  Since its establishment, BTCADA Global Limited has claimed to offer a variety of trading services, although detailed information about its development milestones and significant achievements remains sparse. The company operates under the name BTCADA Global Limited, but there is a lack of transparency regarding its parent company or group affiliations, which raises questions about its operational legitimacy.

  The business model of BTCADA Global Limited focuses on providing retail forex trading services, allowing clients to trade various financial instruments. However, the absence of regulatory oversight and the lack of clear operational guidelines contribute to a perception of high risk associated with trading through this broker. Overall, the BTCADA Global Limited broker presents itself as a platform for traders seeking to engage in forex and CFD trading, yet potential clients should approach with caution due to the noted risks.

  

2. Regulatory and Compliance Information

  BTCADA Global Limited is currently unregulated, which poses significant risks for potential investors. The broker claims to be regulated by the National Futures Association (NFA) in the United States, but this assertion is misleading as it does not hold any valid license from the NFA or any other reputable regulatory authority. The license number mentioned by the broker is 0536894, but verification shows that BTCADA Global Limited is not recognized as a member.

  The absence of regulatory oversight means that BTCADA Global Limited operates outside the established frameworks that typically protect investors. This includes a lack of clear guidelines for the segregation of client funds, which is a critical aspect of safeguarding investor money. Furthermore, there is no participation in an investor compensation fund, which would typically provide an additional layer of security for clients in the event of broker insolvency.

  Additionally, the broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is questionable, as there is no substantial evidence of these practices being enforced. The lack of regulatory compliance and transparency raises serious concerns about the legitimacy of the BTCADA Global Limited broker and the safety of client investments.

  

3. Trading Products and Services

  BTCADA Global Limited offers a limited range of trading products, primarily focusing on forex trading. The broker provides access to a selection of currency pairs, although the exact number and specifications of these pairs are not clearly disclosed. In addition to forex, BTCADA Global Limited claims to offer contracts for difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. However, specific details regarding the types of CFDs available are not provided.

  The frequency of product updates and the introduction of new trading instruments are also unclear, which may hinder traders' ability to diversify their portfolios effectively. The broker appears to cater primarily to retail clients, with no substantial offerings for institutional clients or white-label solutions. Furthermore, the absence of asset management services or specialized trading products limits the appeal of BTCADA Global Limited to a broader audience.

  Overall, while BTCADA Global Limited presents itself as a forex and CFD broker, the lack of transparency regarding its product offerings and the absence of unique trading instruments may deter potential clients from engaging with this broker.

  

4. Trading Platforms and Technology

  BTCADA Global Limited supports the MetaTrader 5 (MT5) trading platform, which is recognized for its advanced trading features and user-friendly interface. However, the broker does not provide sufficient information about the functionality of this platform or whether it is fully operational. The lack of details regarding the platform's capabilities raises concerns about the overall trading experience offered by BTCADA Global Limited.

  There is no indication that BTCADA Global Limited has developed its proprietary trading platform, which is often a hallmark of more established brokers. The broker's website does not offer a web-based trading platform, and the availability of mobile applications for iOS and Android is also not specified. This lack of technological infrastructure may limit traders' accessibility and convenience.

  The execution model employed by BTCADA Global Limited, whether it is ECN, STP, or Market Making, is not clearly defined. Additionally, there is insufficient information regarding the broker's server locations and technical infrastructure, which are critical for ensuring reliable trade execution and minimizing latency.

  API access and support for automated trading strategies through expert advisors (EAs) are not mentioned, further indicating a lack of advanced trading options for clients of the BTCADA Global Limited broker.

  

5. Account Types and Trading Conditions

  BTCADA Global Limited offers three main account types: Standard Account, VIP Account, and ECN Account. Each account type has distinct minimum deposit requirements and trading conditions:

  •   Standard Account: Requires a minimum deposit of $7,000, with spreads ranging from 2.2 to 2.8 pips and a maximum leverage of 1:200. The minimum trade size is set at 0.01 lots.

  •   VIP Account: This account type demands a higher minimum deposit of $20,000, provides spreads between 1.2 and 1.8 pips, and also allows for a leverage of 1:200. The minimum position size remains at 0.01 lots.

  •   ECN Account: The ECN account comes with a significantly higher minimum deposit of $50,000, offering spreads as low as 0 to 0.3 pips and leverage of 1:200. The minimum trade size is again 0.01 lots.

  The broker's minimum deposit requirements are notably high compared to industry standards, which typically range from $200 to $250 for entry-level accounts. This could deter new traders from engaging with the BTCADA Global Limited broker.

  Details regarding overnight fees, withdrawal limits, and any commissions associated with trading are not provided, limiting potential clients' understanding of the overall cost of trading with this broker.

  

6. Fund Management

  BTCADA Global Limited supports various deposit methods, including bank transfers, credit cards, and potentially electronic wallets, although specific details on the accepted payment methods are not clearly outlined. The minimum deposit requirement varies by account type, with the Standard Account requiring $7,000, the VIP Account requiring $20,000, and the ECN Account requiring $50,000.

  Processing times for deposits are not specified, which may lead to uncertainty among clients regarding how quickly they can fund their accounts. Additionally, there is no information on deposit fees, which could affect traders' overall costs.

  Withdrawal methods and any associated restrictions are also unclear. Clients have reported difficulties in withdrawing funds, which raises concerns about the broker's reliability and transparency in managing client funds. The processing time for withdrawals remains unspecified, and any potential fees related to withdrawal transactions are not disclosed, further complicating the financial management aspect for clients of the BTCADA Global Limited broker.

  

7. Customer Support and Educational Resources

  BTCADA Global Limited provides customer support through various channels, including phone support in English and communication via QQ for Chinese-speaking clients. However, specific details regarding service hours and response times are not available, which may limit the effectiveness of their support services.

  The broker claims to offer educational resources, but there is little information regarding the types of resources available, such as webinars, tutorials, or eBooks. The absence of comprehensive market analysis services, including daily analysis, news, and research reports, may hinder traders' ability to make informed decisions.

  Trading tools such as calculators, economic calendars, and signal services are not mentioned, which could further detract from the overall trading experience for clients of BTCADA Global Limited.

  

8. Regional Coverage and Restrictions

  BTCADA Global Limited primarily serves clients from diverse regions, including Turkey, the United States, Germany, Poland, and Spain. However, specific details regarding regional office distributions are not provided, which may limit transparency regarding the broker's operational footprint.

  The broker does not accept clients from certain countries, although the exact list of restricted regions is not disclosed. This lack of clarity regarding client acceptance may pose challenges for potential investors seeking to engage with the BTCADA Global Limited broker.

  In conclusion, while BTCADA Global Limited presents itself as a forex and CFD broker, the combination of unregulated status, high minimum deposit requirements, and insufficient transparency regarding trading conditions and product offerings raises significant concerns. Potential clients should exercise extreme caution and conduct thorough due diligence before considering engagement with this broker.

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BTCADA Global Limited Forex Broker has an overall rating of 1.48, Regulatory Index 0.00, License Index 0.00, Business Index 6.80, Software Index 4.00 Risk Control Index 0.00.
BTCADA Global Limited