BTFX reviews

BTFX_logo BTFX 6/10 (votes 2374)

On-line since: 2014
Country of origin: Malta
Regulation: -
Payment options: bank transfers, debit cards
Minimum account size: $500
Minimum lot size: 0.05 lot
Leverage: 1:200
Spreads: variable

BTFX was established in 2011 and went online in 2014. The broker’s official website is odd-looking. This is a single page website that contains only the company’s logo, contact information, and a title that offers gold trading. The broker’s website does not include any details about trading conditions and the company itself. Therefore, the given review covers only background information that has been found on the Internet.

Trading conditions

Not found.

Trading platforms

BTFX offers its clients to trade on the following trading software: WebTrader, MT4, and Myfxbook.

Customer support

The broker’s official website contains the following contact details: BrokersClub Limited, Tower Business Centre 2nd floor, Tower Street, Swatar, BKR4013, Malta; (+356)25466975, info@btfx.com.

Deposit and withdrawal of funds

BTFX offers a limited number of deposit and withdrawal methods such as bank transfers and debit cards.

Traders’ reviews

Traders leave only negative comments about their trading experience with the broker.

Advantages and disadvantages

Advantages:

  • not found

Disadvantages:

  • no licence and adequate website
  • offshore broker
  • no information on trading conditions, accounts types, etc.
  • negative traders’ reviews

Conclusion

On the Internet, you can find information that BTFX’s clients can trade 45 currency pairs, commodity futures, and CFDs. However, the broker’s website does not confirm this fact. In addition, BTFX does not own a proper website. The company is not regulated by any financial authority. Numerous negative reviews define BTFX as a scam broker.

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Comments about broker

Elizea trader
review BTFX
13-09-21

If I were you, I would stay away from BTFX. This broker has terrible trading conditions. I opened an account with them and deposited $100. I tried making a few trades but the platform did not execute the orders properly. Then, their representatives were not responsive. I had to keep following up my concern because nobody answered.

GomesGolder trader
review BTFX
16-05-21

BTFX is not a regulated broker. However I opened an account but my experience was worst. Their platform is not stable and slow execution is not good for my EA. Not allow to use limit orders between the bid and ask or anywhere close to the current price. I encountered a terrible requoting and when I tried to complain, they obviously just made up excuses.

Buddy trader
review BTFX
08-01-21

I always feel satisfied when trading with BTFX broker. Trading with them is so profitable. They always provide excellent services, the trading platform works great, spread is fixed, leverage is competitive, and the most I like is they have the fastest order executions. The platform is always stable and easy to customize, I can put my order in my desired position. Until now, I have already earned around $1000 in these two months. I used to withdraw via bank transfer, and it's always been easy. What a reliable broker. I will keep on trading with them for sure.

Zavier trader
review BTFX
24-12-20

The information on the website of BTFX is very limited and this is already a red flag for me. Add to that the fact that the broker is not regulated. It is better to just stay away from unregulated brokers to lessen the risk. Because with this kind of broker, there is no assurance that our funds will be secured.

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