Score
South Africa
|
2-5 years
| https://btmarkets.com/
Website
Rating Index
LicensesLicensed Entity：IQX TRADE SA (PTY) LTD
License No. 52243
South Africa
btmarkets.com United States| 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, 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 | Cons |
| Spreads starting at 0.0 | Exceeded regulatory state |
| 500 instruments | |
| Supporting MT5 | |
| 4 account types | |
| 11 deposit methods and 7 withdrawal methods |
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FSCA | Botanica Glow (Pty) Ltd | Financial Service Corporate | 52243 | Exceeded |
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 | ❌ |
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.
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.
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 | ❌ |
BTMarkets supports 11 deposit methods and 7 withdrawal methods. Fees are borne by BTMarkets.
No commissions are charged on STANDARD and ISLAMIC accounts; the commission for PRO accounts is $6 per lot; the commission for ECN accounts is $13 per lot.
The minimum deposit for BT Markets is $100. The minimum deposit requirements for both the STANDARD account and the ISLAMIC account are $100, while the minimum deposit requirement for the ECN account is $2,000. The PRO account requires the highest minimum deposit, which is $5,000.
BT Markets was registered in South Africa in 2019. It offers over 500 trading instruments, including Forex, Commodities, Indices, and Shares. It also supports the MT5 trading platform, provides 11 deposit methods and 7 withdrawal methods, and has four account types.
BT Markets offers 500 trading instruments. It includes the S&P 500, FTSE, and Dow Jones. It also has commodities like oil and precious metals. There are easy CFDs for big brands like Amazon, Meta, Apple, Microsoft, and Alphabet. Plus, it offers over 50 major, minor, and exotic currency pairs.
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FX2918322002
Vietnam
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.
Exposure
FX5653306412
Vietnam
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.
Exposure
FX1777926995
Vietnam
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.
Exposure
Huy5045
Vietnam
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).
Exposure
JUJO1
South Africa
It's beginner-friendly with a mobile-accessible interface, while experienced traders can benefit from advanced analytics on the MT5 platform. Don't miss!!
Positive
phan xuan trung
Vietnam
Supports fired-back orders, causing customer accounts to burn. Leave customers overwhelmed with negative orders and blame the market. If customers request to withdraw money, they will use holiday reasons to prevent them from withdrawing money.
Exposure
William Johnson
United Kingdom
Quite concerned about their regulatory status; it doesn't seem solid. Plus, the costs aren't as transparent as they claim, with hidden fees cropping up.
Neutral
kien7536
Vietnam
If your name is on Zalo, do not join the group called Investment Strategy Analysis led by Long Pham. There are acts of not allowing money to be withdrawn, and changing passwords on mt5, then burning accounts to take over. Attached a picture of this name on zalo (it may be a fake picture, but whoever sees this picture runs away, if you upload it, you will lose everything)
Exposure
Hoàng Thái
Vietnam
Haven't been able to withdraw money for more than 2 days and then the money still doesn't come back.
Exposure
Pedro Sousa
Mexico
The trade executions are usually pretty good, but sometimes it feels like they block a trade if it's gonna win big. Still, withdrawals are fast – I get alerts within minutes. Cool, isn't it? Overall, it's okay, but it could be better. 🙂🙂🙂
Neutral