Beltrades
Forex & CFD broker · Reviewed against our 50-point criteria
TC RATING
Not Rated
We do not recommend this broker. Beltrades is not regulated by a Tier 1 authority such as the FCA, ASIC, or CySEC, so it does not qualify for a TC Rating and does not meet the standard we recommend traders use.
Is Beltrades regulated?
No. Beltrades is not regulated by any financial authority, and it does not hold a licence from a top-tier regulator such as the SEC, FCA, or ASIC. In fact, the US Securities and Exchange Commission added Beltrades to its PAUSE list of unregistered soliciting entities in a public alert dated 28 June 2024.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
Beltrades review
Beltrades presents itself as a US broker, listing a Florida address in Ocala. But a physical address is not the same as a licence. When we checked the regulators, Beltrades held no authorisation from any of them, and the SEC had already flagged it.
The SEC’s PAUSE programme exists to name firms that falsely claim to be registered or licensed in the US in order to attract investors. Beltrades appears on that list. On top of that, the company’s own website is not loading, which means there is no way to verify even the basic information a legitimate broker would publish.
A broker being regulated does not, on its own, guarantee your money is safe. But oversight from a top-tier regulator means the firm is audited, held to strict standards, and answerable to someone if things go wrong. Beltrades has none of that.
The top-tier financial regulators worldwide are:
- SEC – Securities and Exchange Commission in the US
- FCA – Financial Conduct Authority in UK
- ASIC – Australian Securities and Investments Commission in Australia
When a broker is overseen by a top-tier regulator, it ensures that the brokers don’t engage in any shady activities and that they follow the highest standards.
When teaming up with such properly licensed brokers, traders can expect fair pricing and a transparent environment throughout the contract. Beltrades is a broker that should be avoided for its false claims, lack of regulation, and high risk of being a scam.
Conclusion
Being not overseen by a regulator and having a misleading website indicate Beltrades may have shady dealings. It is also falsely claimed to be licensed by the US Securities and Exchange Commission (SEC) and CySEC. We also could not obtain any information regarding the reliability of its trading platform due to a lack of information and an inactive website page.
Having said the above, we believe Beltrades could most likely be one of the fraudulent brokers in the forex environment. It is not a safe investment option to choose Beltrades and we recommend avoiding it. Always verify the legitimacy of the broker before starting your investment journey with them.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
The bottom line
Beltrades carries the markers we see again and again with fraudulent operators: no regulation, a false claim of US and CySEC licensing, unrealistic return promises, and a website that no longer works. We could not verify anything about its trading conditions because there is nothing live to verify.
We recommend avoiding Beltrades. Always confirm a broker’s licence on the regulator’s own website before you deposit a cent.
