Score

1.49 /10
Danger

BTC

Suspicious Regulatory License

High potential risk

A

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.85

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
BTC · Company summary

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

BTC Review Summary
Founded 1935
Registered Country/Region Egypt
Regulation No regulation
Services gold & silver
Customer Support email, telephone, online messaging, social media

What is BTC?

BTC is a precious metal brokerage firm that specializes in offering a variety of trading products and services related to gold and silver. With a focus on precious metals, BTC provides clients with opportunities to invest in and trade these valuable commodities through their online shop, wholesale services, corporate services, and refinery services. They cater to individual investors, institutional clients, and businesses, aiming to meet their unique trading needs in the precious metals market. BTC facilitates trading through multiple channels, including email, phone, online messaging, and various social media platforms.

BTC's home page

Pros & Cons

Pros Cons
• Multiple contact channels for customer support • Lacks valid regulation
• Offers a variety of trading products and services • One report of unable to withdraw funds

BTC Alternative Brokers

There are many alternative precious metal brokers for BTC depending on the specific needs and preferences of the trader. Some popular options include:

  • Chancellor Precious Metals - Chancellor Precious Metals is a reputable precious metal dealer offering a diverse selection of gold, silver, platinum, and palladium products for investors and collectors.

  • GOLDAY PRECIOUS METALS - A precious metal dealer known for its competitive prices on gold, silver, platinum, and palladium products. They offer various shipping and storage options.

  • FEPM - It is known for producing high-quality silver and gold bullion products and offers a wide range of unique and collectible items.

Is BTC Safe or Scam?

Regarding BTC's safety and legitimacy, it is important to note that the absence of valid regulation could be a cause for concern. Regulatory oversight is a critical aspect of ensuring the safety and security of clients' investments and transactions. Regulated financial institutions are subject to certain standards and guidelines that help protect consumers and provide avenues for dispute resolution.

Additionally, the report of “unable to withdraw” is concerning, as it suggests potential issues with the firm's operations or customer service. However, it's important to investigate further and consider additional factors to determine the credibility of such reports.

Services

BTC is a precious metal brokerage firm that offers a range of market services for trading gold and silver.

products

These market services are designed to cater to different types of clients and their trading needs.

Here's a brief summary of the market services provided by BTC:

  • Online Shop: BTC's online shop allows individual investors and retail traders to buy and sell precious metals like gold and silver through their website. Clients can purchase these metals in various forms, such as coins, bars, or other investment products.

  • Wholesale Services: The wholesale services offered by BTC target larger institutional investors, bullion dealers, and other financial entities. Through this service, these clients can access bulk quantities of gold and silver at competitive prices.

  • Corporate Services: BTC provides specialized services for corporations and businesses looking to incorporate precious metals into their treasury management strategies. These services may include consultation on hedging strategies, bulk purchases for corporate reserves, and other tailored solutions to meet the unique needs of businesses in the precious metals market.

  • Refinery Services: In addition to trading precious metals, BTC offers refinery services. This means they can refine raw or scrap precious metal materials provided by clients into pure gold and silver, which can then be used for trading or other industrial purposes.

Services

User Exposure on WikiFX

You may find one report of unable to withdrawal issue on our website. Investors are urged to evaluate the risks involved with trading on an unregulated platform and carefully study the information offered. Before trading, you may check the information on our site. Please let us know in the Exposure area if you come across any such dishonest brokers or if you have been the victim of one. We would appreciate that, and our team of professionals will make every effort to help you solve the problem.

User Exposure on WikiFX

Customer Service

BTC offers multiple contact channels to ensure customers can reach them conveniently. These channels include email (info@btcegyptgold.com), phone (+2 15057), online messaging, and social media platforms like Facebook, Twitter, Instagram, and Linkedin. By providing various contact options, BTC aims to cater to different preferences and make it easier for customers to get in touch.

BTC's customer service is available on all days except Sundays. This means customers can reach out to them from Monday to Saturday. The service hours are from 12:00 pm to 8:00 pm. This schedule allows customers to seek assistance during most of the weekdays.

contact details

Conclusion

While BTC presents itself as a precious metal brokerage firm with diverse trading products and services, there are some concerns that potential clients should be aware of. BTC was reported to lack valid regulation, which could be a significant red flag for investors. Regulation plays a crucial role in ensuring the safety and security of clients' investments and providing a framework for dispute resolution. Additionally, there was one report of a customer being unable to withdraw funds, which raises questions about the firm's operational integrity and customer service.

Given these factors, it is crucial for individuals and businesses considering BTC's services to conduct thorough research and due diligence. Verifying the firm's regulatory status, seeking independent reviews, and reaching out to customer support are essential steps to gain a better understanding of BTC's credibility and reliability. If any doubts or red flags arise, it may be prudent to explore other options with regulated and more established brokerage firms in the precious metals market. As with any financial decision, caution and careful consideration are essential to protect investments and make informed choices.

Frequently Asked Questions (FAQs)

Q1: What services does BTC offer to its clients?

A1: BTC offers a variety of services, including an online shop for individual investors, wholesale services for institutional clients, corporate services for businesses, and refinery services for converting raw precious metals into tradable assets.

Q2: How can clients get in touch with BTC's customer support?

A2: Clients can contact BTC's customer support through various channels, including email (info@btcegyptgold.com), phone (+2 15057), online messaging, and social media platforms such as Facebook, Twitter, Instagram, and Linkedin.

Q3: Is BTC regulated by any financial authorities?

A3: No. BTC was reported to have no valid regulation. The absence of regulation raises concerns about the safety and security of clients' investments.

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