Bitcoin Trade Pro is not a licensed or regulated broker even though it states offers that look good to be true. Bitcoin Trade Pro claims to be a member company of the Bitcoin Trade Pro Group, a group with subsidies authorized by different regulatory bodies, including:
1) Bitcoin Trade Pro LIMITED, regulated by the Cyprus Securities and Exchange Commission (CySEC) with license no. 11034799.
2) Bitcoin Trade Pro INTL Limited, regulated by the Vanuatu Financial Services Commission (VFSC) with registration no. 14595.
3) Bitcoin Trade Pro (Pty) Ltd, regulated by the South Africa Financial Services Conduct Authority (FSCA) with license no. 46675.
First, we did not find any match results to Bitcoin Trade Pro in CySEC's registry. Second, using the license number to search in VFSC and FSCA, we found the two numbers belong to companies named "PRIMUS MARKETS INTL LIMITED" and "PRIMUS AFRICA (PTY) LTD" respectively. That means Bitcoin Trade Pro is not under valid regulation by the above two authorities.
More importantly, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Bitcoin Trade Pro is not authorized to provide financial services. You can check the full warning from here.
The truth is, Bitcoin Trade Pro is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Bitcoin Trade Pro and trade with licensed brokers.
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