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Score

1.31 /10

Danger

BT Markets

Item: BT Markets
Rating: 1.31

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://btmarkets.com/

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Comparison

Quantity 17

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index5.42

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Follow

Time Machine

Website

Licenses

FSCA Suspicious Clone

Financial Service Corporate

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Botanica Glow (Pty) Ltd

Company Abbreviation

BT Markets

Platform registered country and region

South Africa

Company website

https://btmarkets.com/

Company summary

Pyramid scheme complaint

Expose

BT Markets · Company summary

BT MarketsReview Summary
Founded	2019
Registered Country/Region	South Africa
Regulation	Exceeded
Market Instruments	ForexCommoditiesIndicesShares
Demo Account	❌
Leverage	Up to 1:500
Spread	From 1.5 pips
Trading Platform	MT5MetaTrader 5 web platformMeta rader 5 Mopie patform
Min Deposit	$100
Customer Support	Phone: +66983334235
	Email: support@btmarkets.com
	24/7 Online Chat
	Physical Address: W633 Umlazi Durban Kwa-Zulu Natal South Africa 4031Regus Business Centre, 2nd Floor, West Tower, Nelson Mandela Square, Maude Street, Sandton 2196Rm 11/12 8th Flr. Building B The Cube Ramkamhaeng 89/2 Alley Khwaeng Hua Mak, Bangkok, Thailand 10240

BT Markets Information

BT Markets, owned by Botanica Glow(Pty)Ltd. It is a South African-registered brokerage established in 2019. It offers 500 trading instruments for traders and offers 4 account types with the MT5 trading platform. At present, the brokerage is in an abnormal state of supervision and has been characterized as exceeded, with insufficient security.

Pros and Cons

Pros	Cons
Spreads starting at 0.0	Exceeded regulatory state
500 instruments
Supporting MT5
4 account types
11 deposit methods and 7 withdrawal methods

Is BT Markets Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSCA	Botanica Glow (Pty) Ltd	Financial Service Corporate	52243	Exceeded

What Can I Trade on BT Markets?

BT Markets says it offers 500 trading instruments. It allows you to trade CFDs on the world's leading indices such as the S&P 500, FTSE and Dow Jones. Commodities such as oil and precious metals; Easy CFDs for the world's largest brands such as Amazon, Meta Platforms, Inc., Apple, Microsoft and Alphabet. In addition, it offers more than 50 major, minor and foreign currency pairs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Bonds	❌
ETF	❌

Account Types

BT Markets has four account types: STANDARD Account, ECN Account, PRO Account and ISLAMIC Account.

They differ in the minimum deposit requirements ranging from $100 to $5,000; commission from $0 to $10.

BT Markets Fees

The four account types have different starting spreads ranging from 0.1 to 1.5; Commission from $0 to $10.

There are no fees for credit card deposits or withdrawals, and BTMarkets charges a flat fee of $10 for bank wire withdrawals of $100 or less;

An overnight position will incur a swap or overnight fee waiver;

If the trading account is inactive for more than 90 days, a $30 monthly fee is deducted from the balance.

Trading Platform

The main trading platform offered by BT Markets is MT5, which is available on desktop, web and mobile.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile	Skilled trader
MetaTrader 5 web platform	✔	Web	Skilled trader
Meta rader 5 Mopie patform	✔	Mobile	Skilled trader
MT4	❌

Deposit and Withdrawal

BTMarkets supports 11 deposit methods and 7 withdrawal methods. Fees are borne by BTMarkets.

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Warning: Low score, please stay away! 5

Previous Detection : 2025-04-30

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

BT Markets

South Africa

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Exposure

17 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

Deception for employees lured to burn accounts.

BT Markets Exchange has tempted me to deposit a large amount of money and lured me into trading a suspicious index called Ita20, and manipulated this index to burn my account.

FX2918322002

2024-10-22 09:18

Scam

Unscrupulous and dishonest exchange

A group of players enticed others to deposit $500 through the website https://portal.btmarkets.com/ but I don't want to deposit, and they cursed and kicked me out of the group! If it's good, then play on your own, why do you have to broker orders. If it's good, then they would have joined as well.

FX5653306412

2024-09-21 14:56

Others

Liquidation

At first, I deposited 2k USD. Initially, because I didn't know, I entered orders myself, leading to a negative account balance. The support suggested adding more capital to save the account. I added an additional 2.4k. After 2 days, it increased to 4.5k. From there, the support advised me to place counter-trend orders, leading to a negative account balance. Then they requested additional funds to save the account. I accepted losing 4.4k USD (over 100 million).

Huy5045

2024-07-22 11:56

Scam

Organized fraud

Please note that this is a very sophisticated and professional scam exchange!!! Their tricks are as follows: 1. They lure victims into Zalo groups, which are very active. Every day, people post orders and report profits, but if you are observant, you will realize that these are fake groups because the participants are all fake accounts with no real avatars. After the group admin posts an article, they will receive hundreds of likes in a few seconds, which is a like boosting tool. 2. As long as the victims intend to deposit money, they will continuously entice them with various tricks, such as being able to deposit into a bonus 100% exchange or receiving additional gifts like gold, 1 tael of gold, 2 taels of gold (no international exchange would give away gold like this) 3. They will guide the victims in trading and, especially, they will never instruct them to set a stop loss to protect their accounts. The victims' accounts burn quickly, and then they are enticed to deposit more. 4. They use their own codes on the exchange to manipulate prices and burn the victims' accounts. For example: ITA20 code 5. After the accounts are burned, they will lure the victims to deposit more, and sometimes they even use their own money to help them deposit.

FX1777926995

2024-09-10 13:59

BT Markets · Company summary

BT MarketsReview Summary
Founded	2019
Registered Country/Region	South Africa
Regulation	Exceeded
Market Instruments	ForexCommoditiesIndicesShares
Demo Account	❌
Leverage	Up to 1:500
Spread	From 1.5 pips
Trading Platform	MT5MetaTrader 5 web platformMeta rader 5 Mopie patform
Min Deposit	$100
Customer Support	Phone: +66983334235
	Email: support@btmarkets.com
	24/7 Online Chat
	Physical Address: W633 Umlazi Durban Kwa-Zulu Natal South Africa 4031Regus Business Centre, 2nd Floor, West Tower, Nelson Mandela Square, Maude Street, Sandton 2196Rm 11/12 8th Flr. Building B The Cube Ramkamhaeng 89/2 Alley Khwaeng Hua Mak, Bangkok, Thailand 10240

BT Markets Information

BT Markets, owned by Botanica Glow(Pty)Ltd. It is a South African-registered brokerage established in 2019. It offers 500 trading instruments for traders and offers 4 account types with the MT5 trading platform. At present, the brokerage is in an abnormal state of supervision and has been characterized as exceeded, with insufficient security.

Pros and Cons

Pros	Cons
Spreads starting at 0.0	Exceeded regulatory state
500 instruments
Supporting MT5
4 account types
11 deposit methods and 7 withdrawal methods

Is BT Markets Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSCA	Botanica Glow (Pty) Ltd	Financial Service Corporate	52243	Exceeded

What Can I Trade on BT Markets?

BT Markets says it offers 500 trading instruments. It allows you to trade CFDs on the world's leading indices such as the S&P 500, FTSE and Dow Jones. Commodities such as oil and precious metals; Easy CFDs for the world's largest brands such as Amazon, Meta Platforms, Inc., Apple, Microsoft and Alphabet. In addition, it offers more than 50 major, minor and foreign currency pairs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Bonds	❌
ETF	❌

Account Types

BT Markets has four account types: STANDARD Account, ECN Account, PRO Account and ISLAMIC Account.

They differ in the minimum deposit requirements ranging from $100 to $5,000; commission from $0 to $10.

BT Markets Fees

The four account types have different starting spreads ranging from 0.1 to 1.5; Commission from $0 to $10.

There are no fees for credit card deposits or withdrawals, and BTMarkets charges a flat fee of $10 for bank wire withdrawals of $100 or less;

An overnight position will incur a swap or overnight fee waiver;

If the trading account is inactive for more than 90 days, a $30 monthly fee is deducted from the balance.

Trading Platform

The main trading platform offered by BT Markets is MT5, which is available on desktop, web and mobile.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile	Skilled trader
MetaTrader 5 web platform	✔	Web	Skilled trader
Meta rader 5 Mopie patform	✔	Mobile	Skilled trader
MT4	❌

Deposit and Withdrawal

BTMarkets supports 11 deposit methods and 7 withdrawal methods. Fees are borne by BTMarkets.

User Reviews

More

User comment

10

Comments

Write a review

JUJO1

more than one year

It's beginner-friendly with a mobile-accessible interface, while experienced traders can benefit from advanced analytics on the MT5 platform. Don't miss!!

Translate to English

2024-07-16 18:03

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0

FX1475622706

more than one year

BT Markets really makes trading easy and secure. Love how user-friendly the platform is, perfect for both newbies and pros. It's great that they're regulated by the FSCA, so I feel safe trading a variety of products like crypto and forex. Plus, their 24/7 support is super helpful whenever you need it. Whether on my phone or laptop, I can trade smoothly without any hassle. Highly recommend!

Translate to English

2024-05-31 15:41

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0

17