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FCA Issues Warning Against Unauthorized Broker BitTrade Finance
The UK Financial Conduct Authority has issued an alert regarding BitTrade Finance, an unauthorized entity operating multiple websites and targeting investors without regulatory approval.
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Do not send money, disclose credentials, or use contact details supplied in an unsolicited message. Verify the organisation independently.
The Financial Conduct Authority (FCA) in the United Kingdom has updated its warning list to include BitTrade Finance, also operating under the domains bttfinancelimited.ltd and bittradefinancelimited.ltd. According to the regulator, this firm is providing or promoting financial services and products without the required authorization.
BitTrade Finance has been identified targeting individuals in the UK without holding regulatory permission. The watchdog notes that unauthorized entities often use false contact details or impersonate legitimate operations to appear credible to prospective investors.
Known entity details include:
- Entity Name: BitTrade Finance / bttfinancelimited.ltd / bittradefinancelimited.ltd
- Address: The Downs, Altrincham, United Kingdom
- Email Addresses: [email protected], [email protected], [email protected]
- Websites: https://bttfinancelimited.ltd, https://bittradefinancelimited.ltd, www.bit-tradecapital.ltd
Investors who engage with unauthorized entities like BitTrade Finance forfeit access to key consumer protections. This includes the right to escalate complaints to the Financial Ombudsman Service and the ability to claim compensation under the Financial Services Compensation Scheme (FSCS) should the business fail or misappropriate funds.
The FCA advises investors to verify any firm's regulatory status on the FCA Firm Checker before sending funds or sharing sensitive information. Individuals who have engaged with this entity or suspect they have encountered a scam should contact the FCA directly. Those who transferred money may also explore protections provided under the Payment Systems Regulator framework for authorized push payment fraud.