BTKAID identifies its as a parent firm. We conducted extensive study and found that this corporation is not real. It lacks a license and a registration form. The organization says it has offices in UNITED KINGDOM.
Scammers like to target regions with lax regulations regarding investments. In other nations, businesses are free to function without restriction. It’s these kinds of programs that you should exercise caution with.
It is really difficult to tell the truth because all forex brokers portray themselves as among the greatest in the world and accredited. However, reading frank and objective evaluations is one technique to spot a reliable broker. Because traders tend to focus on a broker’s favorable qualities while ignoring their concealed negative characteristics, reviews reveal information that brokers keep hidden from other traders.
The broker BTKAID has an odd name. Real businesses usually pick a name that makes it easier for merchants to identify the goods they have available. You can tell if a business is a cryptocurrency broker by looking at the name they use, and vice versa if they deal in foreign exchange.
Some con artists buy expired domain names to give the impression that they have years of experience in the field. The industry has been using this approach since 2023. Information from the company suggests that they are trading.
BTKAID does not have audited trading records. Additionally, no consumers have evaluated the scheme’s operations. Joining up with such a company is a rash decision. If you look up a broker’s trading history, you should at least be aware of what you are getting into.
HOW DO THEY WORK
Although there are many con artists in the industry, there are also legitimate and open foreign exchange businesses. These organizations provide clients with the best trading conditions. You do not have to worry about your safety to generate passive money.
One can access a web trader interface with BTKAID. Basic functions are available on the platform. Regretfully, experienced traders won’t utilize it as much, particularly if they are accustomed to using better trading software.
The MetaTrader interface is among the top trading platforms. Modern features are included in the software. Customers can trade on a variety of assets with it. Customers can also use VPS to track their orders, modify scripts and EAs, and more.
The platform claims a leverage of 1:400, although that is not allowed in any of the locations where they take clients. When you trade with a high cap, the likelihood of making or losing more money increases.
Cryptocurrency deposits are accepted from investors. The approach has two significant drawbacks. Chargebacks cannot be made by a single trader. The second is that the money recipient cannot be identified. The minimum deposit required by the company is $250.
But don’t put your money at risk by giving your hard-earned money to such a company. The entity needs seven days to process withdrawal requests from clients. $50 to $500 can be cashed out to investors. These demands are absurd. Customers ought to be free to pay out whenever they’d want.
IN CONCLUSION
BTKAID operates in complete anonymity; therefore, we are unable to confirm whether or not clients’ funds are handled by professionals. As such, we urge all investors to take seriously the security of their funds and data. To ensure peace of mind, only invest with licensed firms. A few genuine and transparent forex brokers that provide customers with a favorable trading environment.