On-line since:
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Minimum account size:
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BTFX was established in 2011 and went online in 2014. The broker’s official website is odd-looking. This is a single page website that contains only the company’s logo, contact information, and a title that offers gold trading. The broker’s website does not include any details about trading conditions and the company itself. Therefore, the given review covers only background information that has been found on the Internet.
Trading conditions
Not found.
Trading platforms
BTFX offers its clients to trade on the following trading software: WebTrader, MT4, and Myfxbook.
Customer support
The broker’s official website contains the following contact details: BrokersClub Limited, Tower Business Centre 2nd floor, Tower Street, Swatar, BKR4013, Malta; (+356)25466975, info@btfx.com.
Deposit and withdrawal of funds
BTFX offers a limited number of deposit and withdrawal methods such as bank transfers and debit cards.
Traders’ reviews
Traders leave only negative comments about their trading experience with the broker.
Advantages and disadvantages
Advantages:
Disadvantages:
Conclusion
On the Internet, you can find information that BTFX’s clients can trade 45 currency pairs, commodity futures, and CFDs. However, the broker’s website does not confirm this fact. In addition, BTFX does not own a proper website. The company is not regulated by any financial authority. Numerous negative reviews define BTFX as a scam broker.
I've traded with BTFX in their standard account and using the MT4 platform. The platform execution is instant so that I could open order in my desired position without any slippage, almost no requotes, they have fixed spreads 2 pips. After seven months joined them, I have earned more than $1000. Withdrawal doesn't take a commission, and I like their customer service, they are talking nicely and are helpful. I'm totally satisfied to trade with BTFX. And I would like to recommend BTFX to all traders.
I haven’t experienced any issue with BTFX during 8 months I have been using it. I must say that managers were very helpful to me and guided me in all this process. The platform I use with this broker is very functional and easy to use, as I learned to use it in just a few weeks. What I like the most is that the broker doesn’t manipulate the prices. All my orders have been respected in the trading platform, and all prices showed are in real-time. I have compared them with other sites, and they coincide. Trading with Gold, EUR/USD, and GBP/USD has been very profitable for me. Now my accumulated earnings are equal to $2,100.
If I were you, I would stay away from BTFX. This broker has terrible trading conditions. I opened an account with them and deposited $100. I tried making a few trades but the platform did not execute the orders properly. Then, their representatives were not responsive. I had to keep following up my concern because nobody answered.
BTFX is not a regulated broker. However I opened an account but my experience was worst. Their platform is not stable and slow execution is not good for my EA. Not allow to use limit orders between the bid and ask or anywhere close to the current price. I encountered a terrible requoting and when I tried to complain, they obviously just made up excuses.
I always feel satisfied when trading with BTFX broker. Trading with them is so profitable. They always provide excellent services, the trading platform works great, spread is fixed, leverage is competitive, and the most I like is they have the fastest order executions. The platform is always stable and easy to customize, I can put my order in my desired position. Until now, I have already earned around $1000 in these two months. I used to withdraw via bank transfer, and it's always been easy. What a reliable broker. I will keep on trading with them for sure.