BTCADA Scam – Is BTCADA Scam?
If you’re new to trading, you may be tempted to sign up with BTCADA Global Limited. The website is NOT legitimate and does not provide a good chance of profits. You should keep in mind that it is a bogus company, with illegitimate rules regarding withdrawals and a very low success rate. To avoid being scammed, it’s best to look for a more legit trading partner.
There are a few things to be aware of if you decide to register with BTCADA. First of all, this broker does not have a license. They pretend to be based in the UK, but they are based in the US. You should never invest your money with a company that does not have a legitimate license. Secondly, this broker does not offer Stop Loss or Take Profit. This means that you might not make money at all.
Second, you should never pay for anything with an offshore broker. These companies often violate regulations and have a hard time being trusted. They may also operate anonymously and disappear without any notice. If you’re thinking about signing up with BTCADA Global, make sure that the company is regulated. You should also look for a CEO or running management. Regardless of whether it’s a legit broker or a bogus one, you can always rest assured that there will be plenty of information to help you make a smart investment decision.
In Australia, there are many legit brokerages. These firms must have net tangible assets (AUD 1 million) and keep their clients’ funds in segregated accounts. The Australian Securities and Investments Commission also has strict regulations for their brokers. These measures are aimed at ensuring greater transparency in the financial market and better consumer protection. This makes it a great option to find a legit trading broker. If you’re thinking of signing up with BTCADA Global Limited, look elsewhere.