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BTCC Global Forex Broker provides real users with 2 positive reviews, * neutral reviews and 12 exposure review!

BTCC Global Broker Review

1.54

WikiFX monitor

Business

Influence E

License

No license

BTCC Global Review 14

Latest All(14) Positive(2) Exposure(12)
Exposure
Do not trade on this fraudulent platform, it is completely a platform for money laundering by scammers. After applying for withdrawal, your bank card will be frozen and you will not be able to withdraw any money.

It is completely a money laundering platform for criminals. Everyone must not invest in it.

FX3734074318
2024-09-06
Positive

Man, I can't believe this so-called forex company BTCC Global scammed so many people and ran away with the money. It's really frustrating and makes me hate these scammers even more. I hope others learn from this and do their research before trusting any trading platform. Stay safe out there, folks.

A名品折扣箱包梦梦
2023-03-23
Positive

BTCC Global is a scam company that has scammed me and many people! The deposit is very fast, and the account can be received in more than an hour, but the withdrawal is impossible!

千秋伟业:积少聚多
2023-02-28
Exposure
Unable to withdraw/ Delayed arrival of deposit/ Unavailable login/ Inconsistent and delayed market

I want clarify that I don’t know that BTCC Global is a fraud platform. I used it for observing the market in April. There was an activity and the service, without mentioning the rule, inveigled me to deposit fund. I deposited on April 10th, not knowing that the withdrawal arrivals are in batches. The request of $5000 was refused. At 11:25, May 27th, I deposited $5000, bringing the total into 15 thousand dollars. Later, without notifying me, it withheld $5000 on 29th and even changed my password. All my fund was gone. During that time, the APP always got stuck, a 5-minute gutter existent, that is, if it is 10:30:30, the market would be the market 5 minutes ago. In addition, the PC version provided was unavailable fro login. But I could log in to other website with my network. But I couldn’t open this or needed to wait one minute or so. And the price of BTC on it plummeted by more than 50%. l seriously doubted that it could log in and manipulate my data. What’s more, it always encouraged its clients to make investment, only to covet their losses and stand by. The website address has been modified for times, such as http://www.bituocfd.com/ and https://www.btfx168.com/. The number 4008428916 was claimed to be the service line. A person proclaimed as the client manger said that my number, 85235264313/85235264306, was from HK and doubted the authenticity of my complaint in this February. I doubted that the fraud platform staged the whole thing. Actually, the compliant in May is yet to be received. The QQ service(800046773) kept fending off. It also asked why I didn’t deposit fund through phone call(85235261346) and ripped me 15 thousand dollars off. It manipulated on my account and made all fund doomed. If I made profits, the so-called expert would be credited with. If I suffer losses, then onus was on me. The service claimed that other platforms were all frauds and those victims were scammed since they hadn’t pay fee to it. Nothing but a crock.

FX1002104968
2020-06-19
Exposure
The platform added handling fee and stipulated the rules randomly.

The platform added handling fee and stipulated the rules inexplicably to maximize clients’ losses.

爱的方式的
2020-06-15
Exposure
BTCC Global added service fee and stipulated the position-closing rules randomly.

BTCC Global added service fee and stipulated the position-closing rules randomly, only wanted to rip clients off.

羽26601
2020-06-04
Exposure
The platform raised the spread to 38 pips maliciously to cause forced liquidation.

Sometimes the slippage on crude oil could be up to 38 pips. The platform always dealt my order below the take profit or stop loss pip, causing losses. The platform is only to rip your fund off.

FX2794290152
2020-04-25
Exposure
My position was closed due to the serious slippage.

I bought 0.03 lot on London XAU/USD. Due to $10 or so slippage, I made a loss of $20. Having sold out the order, I locked my position. After doing so, the deposit rate dropped from 240% into 84%, thus, $100 was deducted within 1 minute. The customer service refused to compensate, claiming that it was normal slippage.

Rosemary
2020-03-27

  

BTCC Global 2025 Review: Everything You Need to Know

  Summary:

  BTCC Global has garnered mixed reviews from users and experts alike, with significant concerns regarding its regulatory status and customer service. While it offers a variety of trading instruments and competitive leverage options, numerous complaints about withdrawal issues and poor user experiences raise red flags about its trustworthiness.

  Note:

  It is essential to be aware that BTCC Global operates under various entities across regions, which can complicate the regulatory landscape. This review aims to provide a balanced perspective based on available information to help potential users make informed decisions.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Experience 6
Trustworthiness 2
User Experience 4

  Note: These ratings are derived from a synthesis of user feedback and expert analysis.

  How We Rated the Broker:

  The ratings reflect an aggregation of user experiences, expert opinions, and factual data regarding BTCC Global's offerings and operational practices.

  

Broker Overview

  Founded in 2018, BTCC Global is a cryptocurrency trading platform that provides access to various digital assets, including Bitcoin and Ethereum, alongside tokenized commodities and stocks. The platform claims regulatory compliance in the U.S. and Canada, although many sources highlight the lack of credible regulation and numerous complaints from users. The trading experience is facilitated through a web-based platform and mobile applications, allowing users to engage in both spot and futures trading.

  

Detailed Section

  

Regulatory and Geographical Presence

  BTCC Global claims to operate under U.S. regulations, specifically the Financial Crimes Enforcement Network (FinCEN) and other regulatory bodies in Canada and Europe. However, multiple sources, including WikiFX, indicate that it lacks valid regulatory oversight, which raises significant concerns regarding its legitimacy and user protection (WikiFX). Users are advised to exercise caution when engaging with unregulated entities.

  

Deposit/Withdrawal Currencies

  Users can deposit and withdraw funds using major credit cards and ACH transfers. The minimum deposit requirement is set at 200 USDT, which may deter some potential users. However, there are reports of difficulties in withdrawing funds, with some users claiming their accounts were frozen after withdrawal requests, leading to frustrations and allegations of fraudulent practices (WikiFX).

  

Bonuses/Promotions

  There is little information available regarding ongoing promotions or bonuses at BTCC Global. Many users have expressed dissatisfaction with the lack of incentives for new or existing traders, which could limit the platform's appeal compared to competitors offering attractive promotional packages.

  

Tradable Asset Classes

  BTCC Global provides a diverse range of trading instruments, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), tokenized commodities (like gold and silver), and stocks (such as Tesla and Amazon). This variety allows users to explore multiple investment avenues, although the platform reportedly lacks depth in certain asset classes, which may affect liquidity (WikiFX).

  

Costs (Spreads, Fees, Commissions)

  The platform features competitive trading fees, with spreads starting from 0.09 pips. However, users have reported high slippage and unexpected fees that can significantly impact profitability. The absence of clear fee structures between maker and taker orders has also been a point of contention (WikiFX).

  

Leverage

  BTCC Global offers leverage options up to 150x, which can be appealing for experienced traders looking to maximize their positions. However, the high leverage also introduces substantial risk, particularly for novice traders who may not fully understand the implications of leveraged trading.

  

Allowed Trading Platforms

  The trading experience is accessible through a user-friendly web platform and mobile applications available for iOS and Android. However, users have reported issues with logging in and accessing market data, which can hinder the trading experience (WikiFX).

  

Restricted Regions

  While BTCC Global is available to users in various countries, it faces restrictions in regions such as mainland China, North Korea, and several others due to regulatory issues. This limitation may affect potential users looking to access the platform from these regions.

  

Available Customer Service Languages

  Customer support is available in Chinese and English, with various channels for users to seek assistance. However, customers have reported long wait times and unresponsive service, leading to frustrations and negative experiences (WikiFX).

  

Ratings Breakdown

  

Account Conditions

  Rating: 4/10

  While BTCC Global offers a demo account and various account types, the minimum deposit requirement and the lack of clear fee structures have been points of concern for users.

  

Tools and Resources

  Rating: 5/10

  The platform provides some educational resources, but many users feel that more comprehensive tools and market analysis features are needed to enhance their trading experience.

  

Customer Service and Support

  Rating: 3/10

  Numerous complaints highlight the poor customer service experience, with users reporting long response times and unresolved issues.

  

Trading Experience

  Rating: 6/10

  Users generally find the trading platform easy to navigate, but issues with market data and login problems detract from the overall experience.

  

Trustworthiness

  Rating: 2/10

  The lack of credible regulatory oversight and numerous user complaints raise significant concerns about BTCC Global's trustworthiness and reliability.

  

User Experience

  Rating: 4/10

  While the platform is user-friendly, the reported issues with withdrawals and customer support severely impact the overall user experience.

  

Conclusion

  In summary, BTCC Global presents a mixed bag of offerings, with significant advantages in terms of asset variety and competitive leverage options. However, the platform's numerous user complaints regarding withdrawals, lack of regulation, and poor customer service raise serious concerns. Potential users are advised to weigh these factors carefully before engaging with BTCC Global, as the risks may outweigh the benefits.