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Can you help check if btrade is a legit platform?
Niloy
Germany
2025-07-01
ANSWER Dear Investor, BTrade claims to be operated by WSYM Technology LLC, a St. Vincent and the Grenadines registered Investment Firm, authorized and regulated by the Mwali International Services Authority (MISA) of the Comoros Union. Upon investigation, we can confirm that WSYM Technology was listed as an authorised company by the Mwali International Services Authority (MISA). However, please note that MISA now lists the company as being in liquidation, which suggests that the company may not be operational and poses potential risks to investors. Furthermore, we have confirmed WSYM Technology's registered status with the Saint Vincent and the Grenadines Financial Services Authority (FSA). However, please note that BTrade is only registered with the SVG FSA. This registration merely grants it International Business Company (IBC) status, which does NOT constitute a valid financial licence. The SVG FSA has publicly stated that it neither regulates nor licences forex trading activities. These red flags raise serious concerns about fraudulent operations. Therefore, we strongly advise exercising extreme caution when trading with BTrade.
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What are the trading hours on BTrade?
Joseph Kobti
2024-06-13
ANSWER It appears that BTrade's website does not provide certain information, including trading hours. As a result, we suggest contacting their customer service for the most up-to-date and accurate information.Furthermore, we would like to caution you about the potential risks involved. BTrade purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and claims to hold a license from the Mwali International Services Authority (MISA). However, the SVG FSA does not license forex trading brokerage activities, and the records from MISA do not establish a confirmed relationship between the licensee, WSYM Technology LLC, and BTrade (btrade.net). This is because there is no registered website address displayed on the MISA register page for the license holder. Consequently, there is a potential risk of identity theft, where an unscrupulous broker may impersonate a legitimate entity by misusing information published by MISA.Moreover, there are concerns about MISA's legitimacy, capacity, transparency, and enforcement. In summary, investors should be fully informed about these risks. We recommend opting for fully regulated brokers.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.