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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