Search

BT Markets Forex Broker provides real users with 2 positive reviews, 2 neutral reviews and 17 exposure review!

BT Markets Broker Review

1.32

WikiFX monitor

Business

Field Survey Danger

License

FSCA Suspicious Clone

BT Markets Review 21

Latest All(21) Positive(2) Neutral(2) Exposure(17)
Exposure
Deception for employees lured to burn accounts.

BT Markets Exchange has tempted me to deposit a large amount of money and lured me into trading a suspicious index called Ita20, and manipulated this index to burn my account.

FX2918322002
2024-10-22
Exposure
Unscrupulous and dishonest exchange

A group of players enticed others to deposit $500 through the website https://portal.btmarkets.com/ but I don't want to deposit, and they cursed and kicked me out of the group! If it's good, then play on your own, why do you have to broker orders. If it's good, then they would have joined as well.

FX5653306412
2024-09-21
Exposure
Organized fraud

Please note that this is a very sophisticated and professional scam exchange!!! Their tricks are as follows: 1. They lure victims into Zalo groups, which are very active. Every day, people post orders and report profits, but if you are observant, you will realize that these are fake groups because the participants are all fake accounts with no real avatars. After the group admin posts an article, they will receive hundreds of likes in a few seconds, which is a like boosting tool. 2. As long as the victims intend to deposit money, they will continuously entice them with various tricks, such as being able to deposit into a bonus 100% exchange or receiving additional gifts like gold, 1 tael of gold, 2 taels of gold (no international exchange would give away gold like this) 3. They will guide the victims in trading and, especially, they will never instruct them to set a stop loss to protect their accounts. The victims' accounts burn quickly, and then they are enticed to deposit more. 4. They use their own codes on the exchange to manipulate prices and burn the victims' accounts. For example: ITA20 code 5. After the accounts are burned, they will lure the victims to deposit more, and sometimes they even use their own money to help them deposit.

FX1777926995
2024-09-10
Exposure
Liquidation

At first, I deposited 2k USD. Initially, because I didn't know, I entered orders myself, leading to a negative account balance. The support suggested adding more capital to save the account. I added an additional 2.4k. After 2 days, it increased to 4.5k. From there, the support advised me to place counter-trend orders, leading to a negative account balance. Then they requested additional funds to save the account. I accepted losing 4.4k USD (over 100 million).

Huy5045
2024-07-22
Positive
Beginner to Pro: Seamless Trading with Mobile Access & MT5 Advanced Analytics

It's beginner-friendly with a mobile-accessible interface, while experienced traders can benefit from advanced analytics on the MT5 platform. Don't miss!!

JUJO1
2024-07-16
Exposure
Reading the reverse order burned the customer's account

Supports fired-back orders, causing customer accounts to burn. Leave customers overwhelmed with negative orders and blame the market. If customers request to withdraw money, they will use holiday reasons to prevent them from withdrawing money.

phan xuan trung
2024-06-28
Neutral
Regulatory Uncertainty and Hidden Fees: A Cause for Concern

Quite concerned about their regulatory status; it doesn't seem solid. Plus, the costs aren't as transparent as they claim, with hidden fees cropping up.

William Johnson
2024-06-26
Exposure
Cannot withdraw money

If your name is on Zalo, do not join the group called Investment Strategy Analysis led by Long Pham. There are acts of not allowing money to be withdrawn, and changing passwords on mt5, then burning accounts to take over. Attached a picture of this name on zalo (it may be a fake picture, but whoever sees this picture runs away, if you upload it, you will lose everything)

kien7536
2024-06-06

  

Bt Markets 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of Bt Markets is predominantly negative, highlighting significant concerns regarding its regulatory status and user experiences. Key findings include the broker's lack of proper regulation and numerous complaints regarding withdrawal issues.

  Note: It is crucial to recognize that the presence of different entities across regions may complicate the assessment of Bt Markets. This review aims for fairness and accuracy by synthesizing a variety of sources.

  

Ratings Overview

Criteria Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 2

  How We Rated the Broker: Ratings are based on an aggregation of user experiences, expert opinions, and factual data from multiple sources.

  

Broker Overview

  Founded in 2021, Bt Markets claims to operate from Malaysia, offering a range of trading services across various financial instruments including forex, precious metals, commodities, indices, CFDs, and cryptocurrencies. The broker utilizes the widely recognized MetaTrader 4 (MT4) platform for trading. However, its regulatory status is alarming, as it is reported to be a clone of entities regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Labuan Financial Services Authority (LFSA) without any actual authorization.

  

Detailed Information

  • Regulated Regions: Suspicious regulatory licenses from CySEC and LFSA, with warnings issued against the broker.
  • Deposit/Withdrawal Methods: While specific methods are not detailed, it is suggested that traditional methods like credit/debit cards and bank transfers may be available.
  • Minimum Deposit: The minimum deposit requirement is reported to be around $1,350, which is considered high compared to many other brokers.
  • Promotions: There is little information on bonuses or promotions, but the lack of transparency raises concerns.
  • Asset Classes: Bt Markets offers a diverse range of assets including major and minor forex pairs, precious metals, commodities, indices, CFDs, and cryptocurrencies.
  • Costs: Spread information varies, with some accounts offering spreads as low as 0.0 pips, but commission details remain unavailable.
  • Leverage: Leverage ratios of up to 1:500 are advertised, which can amplify both potential gains and losses.
  • Allowed Platforms: The main trading platform is MT4, known for its user-friendly interface and advanced trading capabilities.
  • Restricted Areas: There is no specific information on restricted regions, but the broker's offshore nature may limit its operational legality in certain jurisdictions.
  • Available Languages for Customer Service: Customer support appears limited, primarily through email, with no live chat or phone support available.

  

Ratings Recap

Criteria Rating (out of 10) Explanation
Account Conditions 3 High minimum deposit with limited account options.
Tools and Resources 4 Basic tools available but lack advanced features.
Customer Service and Support 2 Limited support options; negative user feedback.
Trading Setup (Experience) 4 Standard trading experience, but concerns over reliability.
Trustworthiness 1 Serious regulatory issues and negative reports.
User Experience 2 Numerous complaints about withdrawal difficulties and lack of transparency.

  

Detailed Breakdown

  • Account Conditions: The minimum deposit of $1,350 is notably high, especially for new traders. Many brokers offer lower entry points, making Bt Markets less accessible.
  • Tools and Resources: While the MT4 platform is a plus, the overall lack of educational resources and advanced trading tools limits the trading experience.
  • Customer Service and Support: The absence of live support options and the reliance on email communication have led to poor user experiences, with many users reporting difficulties in resolving issues.
  • Trading Setup: The trading environment is standard, but the concerns regarding the broker's legitimacy overshadow any potential benefits.
  • Trustworthiness: The broker's status as an unregulated entity with a history of negative reports is a significant red flag for potential investors.
  • User Experience: User reviews on platforms like WikiFX highlight serious concerns regarding withdrawal issues and overall trust in the broker.

  In conclusion, the Bt Markets review paints a concerning picture of a broker that lacks proper regulation and has received numerous complaints from users. Potential traders should exercise extreme caution and consider more reputable alternatives that prioritize transparency and regulatory compliance.

BT Markets review