BTMarkets is an online forex trading broker that was registered and established in South Africa on May 17, 2022. The company primarily offers CFD trading services in forex, stocks, commodities, indices, and more to investors. Its headquarters are located in Sandton, South Africa, with branches in Durban, South Africa, and Bangkok, Thailand. BTMarkets' official website is https://btmarkets.com/, and it supports multiple languages, including English, Simplified Chinese, Vietnamese, and Hindi. Please note that the broker does not provide services to residents and citizens of Australia, Canada, Japan, Thailand, the United States, and certain jurisdictions that may violate local laws or are subject to EU sanctions.
Company Background and Regulatory Status:
According to publicly available information on its website, BTMarkets is registered in South Africa under the entity name "Botanica Glow (Pty) Ltd," with a registered address at W633 Umlazi, Umlazi, Durban, Kwa-Zulu Natal 4031. The company registration number is 2020/487795/07, and its headquarters are located at Regus Business Centre, 2nd Floor, West Tower, Nelson Mandela Square, Maude Street, Sandton 2196. Information from a Whois lookup indicates that the official website domain was registered on July 17, 2019.
Additionally, BTMarkets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and holds a Category I FSPs license with license number 52243. This regulation by FSCA began on May 17, 2022.
Market Instruments:
BTMarkets offers CFD trading in various market instruments:
Forex: The forex market is one of the largest and most liquid markets globally. Investors use CFDs to trade forex pairs, aiming to profit from price fluctuations by buying or selling one currency against another.
Stocks: Investors can engage in CFD trading for stocks of different companies through BTMarkets. CFDs on stocks allow investors to speculate on stock price movements without owning the actual shares.
Commodities: Commodities play a significant role in global markets and are highly volatile assets. Traders can use commodities for portfolio diversification.
Indices: Indices are used to measure the performance of specific industries or collections of widely recognized and traded company stocks.
Account Types:
BTMarkets offers four different account types to cater to various user needs. All four account types offer leverage of up to 1:500, with stop-out levels set at 30% and margin call levels at 100%. They also support trading education and live webinars, as well as 24/5 service.
The differences among the accounts are as follows:
- STANDARD and ISLAMIC accounts: No commissions, minimum deposit of $100.
- ECN account: $10 commission per lot traded, minimum deposit of $2,000, includes additional services like a personal account manager, Autochartist tools, trading central, trade partner, and VIP webinars.
- PRO account: $6 commission per lot traded, minimum deposit of $5,000, includes all services from the other accounts plus priority service features.
Deposits and Withdrawals:
BTMarkets provides multiple deposit and withdrawal methods, including VISA, Mastercard, Maestro, Giro Pay, Sofort, iDEAL, Dotpay, Skrill, NETELLER, bank transfer, and more. The broker does not charge any fees for credit card deposits or withdrawals. However, for bank wire withdrawals of $100 or less, a fixed fee of $10 is applied.
Trading Platform:
BTMarkets offers the MT5 trading platform, available on PC, mobile, and web. MT5 provides over 50 technical indicators and intraday analysis tools, offering users a robust chart analysis experience. It is widely recognized and trusted by traders for its reliability and user-friendly interface.
Customer Support:
Users can contact BTMarkets through phone at +27 011 881 5488 and via email at support@btmarkets.com for customer support. For further assistance or inquiries, customers can use the "Contact Us" option on the platform.
Summary:
BTMarkets is a forex broker regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, holding a Category I FSPs license. The broker offers CFD trading services in forex, stocks, commodities, indices, and more through the MT5 trading platform. Additionally, it supports multiple deposit and withdrawal methods, albeit with associated fees. Customer support is available through phone, email, and the platform's "Contact Us" option. Currently, the company is marked as "Operating Normally" on Traderknows.
