Can I believe what Beta Tech says about their regulation?

https://beta-tech.io/

We strongly advise against placing your trust in Beta Tech, an unlicensed broker.

Beta Tech, which purports to be based in Switzerland, alleges to be regulated by the Dutch Authority for the Financial Markets (AFM). However, our search in the AFM's register yielded no records to substantiate these claims. Similarly, we found no information about Beta Tech in the Swiss Financial Market Supervisory Authority (FINMA)'s register.

Adding to these concerns, the Financial Conduct Authority (FCA) has issued a warning about Beta Tech. The FCA states that Beta Tech is providing financial services to UK investors without the necessary authorization. This is a significant red flag indicating non-compliance.

Given these findings, we urge investors to steer clear of Beta Tech to protect themselves from potential fraud and identity theft risks. For a safer trading environment, we recommend choosing fully regulated brokers instead of unregulated ones like Beta Tech. Please exercise caution.