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If you are looking for a reliable and trustworthy online broker, you might have come across BTGG WEB. This is a platform that claims to offer a variety of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. But is BTGG WEB a scam or a legit broker? In this blog post, we will review BTGG WEB and its features, pros and cons, and customer feedback to help you decide if it is worth your time and money.
What is BTGG WEB?
BTGG WEB is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. According to its website, BTGG WEB is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, and has a license number of 25461 BC 2019. The broker claims to offer a user-friendly and secure trading platform, with access to over 250 assets, competitive spreads and commissions, fast execution, and multiple payment methods.
What are the features of BTGG WEB?
- A web-based trading platform that is compatible with any device and browser. The platform has a simple and intuitive interface, with various tools and indicators for technical analysis, charting, and order management.
- A mobile app that is available for both Android and iOS devices. The app allows traders to access their accounts and trade on the go, with the same functionality as the web platform.
- A demo account that allows traders to practice their skills and strategies with virtual funds before risking real money.
- A variety of account types that cater to different levels of experience and investment goals. The account types are: Basic, Silver, Gold, Platinum, Diamond, and VIP. Each account type has different features and benefits, such as leverage, spreads, commissions, bonuses, educational resources, and customer support.
- A range of trading instruments that include forex pairs, stocks, commodities, indices, and cryptocurrencies. The broker offers both CFDs (contracts for difference) and spot trading for these assets.
- A selection of payment methods that include credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller, WebMoney), and cryptocurrencies (such as Bitcoin, Ethereum, Litecoin).
- A customer support team that is available 24/7 via phone, email, live chat, and social media.
What are the pros and cons of BTGG WEB?
- A user-friendly and secure trading platform that can be accessed from any device and browser.
- A mobile app that allows traders to trade on the go.
- A demo account that allows traders to practice with virtual funds.
- A variety of account types that suit different needs and preferences.
- A range of trading instruments that cover various markets and sectors.
- A selection of payment methods that include both fiat and crypto options.
- A customer support team that is available 24/7 via multiple channels.
- A lack of transparency about its regulatory status and license number. The FSA of St. Vincent and the Grenadines is not a reputable or recognized regulator in the industry, and does not provide adequate protection or oversight for traders.
- A high minimum deposit requirement of $250 for the Basic account type. This is above the industry average and might deter some traders from opening an account with BTGG WEB.
- A high withdrawal fee of $50 for bank wire transfers. This is also above the industry average and might reduce the profitability of traders who use this payment method.
- A limited educational section that only offers a few articles and videos on basic trading topics. This might not be sufficient for beginners or intermediate traders who want to learn more about trading strategies, techniques, or analysis.
What are the customer feedbacks on BTGG WEB?
The customer feedbacks on BTGG WEB are mixed. Some customers praise the broker for its platform, services, and support. They claim that they have made profits with BTGG WEB and have had no issues with withdrawals or deposits. However, some customers complain about the broker for its lack of regulation, high fees, poor execution, and unprofessional behavior. They claim that they have lost money with BTGG WEB and have had difficulties with withdrawals or communication.
Is BTGG WEB a scam or a legit broker?
Based on our review of BTGG WEB and its features, pros and cons, and customer feedbacks, we cannot conclusively say that BTGG WEB is a scam or a legit broker. There are some positive aspects about the broker that might appeal to some traders who are looking for a simple and convenient trading platform. However, there are also some negative aspects about the broker that might raise some red flags for other traders who are looking for a regulated and reputable trading partner.