BtcMarketCap official website - https://btcmarketcap.com/, which does not open properly at the moment and does not immediately have information about the company.
Due to the fact that it is not possible to access this broker's website right now, we are unable to get more details about its trading assets, leverage, spreads, trading platforms, minimum deposits, etc.
BtcMarketCap claims to be a reliable forex broker but does not provide any information about its regulation. The lack of such important information can be a clear sign for an unlicensed trader, as regulated traders always display their certifications and operating licenses in a prominent position. This is a red flag.
BtcMarketCap also claims to have offices in Australia, Canada, and Germany. We then searched for different regulators in the three countries mentioned above which included Australian securities. The Investment Committee (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the German Federal Financial Supervisory Authority (BaFin).
However, we did not find any results in the above-mentioned regulators that matched BtcMarketCap.
In addition, the British Columbia Securities Commission (BCSC) issued a warning that BtcMarketCap is not registered in British Columbia for trading securities or derivatives or providing trading advice.
In fact, BtcMarketCap is not regulated by any regulatory body. It is not safe for this broker to hold or control investors' funds, and investors cannot be protected by any laws. It is a fake trader.
