The Official Website Of BTCoinGroup Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-04 Italy CONSOB Puts BTCoinGroup On The Warning List
On July 4, 2022, The Italian National Securities And Exchange Commission (CONSOB) Issued A Warning That BTCoinGroup Provides Financial Services Without Authorization. You Can Visit The Following Website For Details: Https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
2022-07-05 We Have Confirmed After Review That BTCoinGroup Is An Unregulated Foreign Exchange Dealer
BTCoinGroup Claims To Have 10 Years Of Industry Experience In The Trading Market. At The Same Time, The Broker Also Claims To Be Founded In 2019, But The Two Are Clearly Already Contradictory. We Checked Its Domain Name And Found That The Site Was Actually Created On October 12, 2021, So How Could It Possibly Start Doing Business In 2019? Not To Mention The 10 Years Of Experience It Claims. This Is A Red Flag.
More Importantly, The Italian National Banking Commission (CONSOB) Has Issued A Warning That BTCoinGroup Is Not Authorized To Provide Financial Services.
This Means That BTCoinGroup Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Dealer Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That BTCoinGroup Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: BTCoinGroup As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
