Betamarktstakes is a broker claiming to offer online Contract for Difference (CFD) trading services, with its website address at betamarktstakes.live, registered on July 19, 2024. The company claims its operation address is 2177 5th Ave #APT 3b New York(NY), 10037.
The platform promotes itself with the tagline: "Trade CFD markets. Forex broker, shares, indices, & metals," claiming to offer a variety of trading products and services.
Company History and Development
The website claims the platform was established in 2006 in the United States with the aim of providing online CFD trading services. The platform asserts its commitment to delivering technical support, customized services, and trading education resources, and claims to have become a "leading regulated broker in the US" over more than a decade of industry development.
Trading Services and Account Types
The platform offers two main types of accounts: the Standard account (Standard) and the GU Plus+ account, with support for practice trading accounts.
Standard Account
- Key Features: No commissions, tight spreads, fast execution speeds
- Spreads from: 1.0 pips
- Leverage: Up to 500:1
- Markets: Over 50 forex pairs, stocks, indices, commodities, and cryptocurrencies
- Minimum Deposit: 200 AUD
- Base Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
- Other Features: Supports hedging, scalping, expert advisors (EA), and free VPS (subject to conditions)
GU Plus+ Account
- Key Features: Suitable for high-volume and EA traders, offering ultra-low spreads
- Spreads from: 0.0 pips
- Commission: 3 AUD per standard lot one way
- Other Features: Similar to the Standard account, with an emphasis on supporting professional traders
Trading Software and Platforms
The platform claims to offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. However, a check reveals that Betamarktstakes does not appear in the broker directories of these platforms.
Additionally, the platform claims to support various deposit and withdrawal methods, including Mastercard, Visa, Skrill, Neteller, bank transfers, and Fasapay.
Agency and Promotion Policies
The platform offers several agency and promotional policies, mainly in four areas:
1. Promotions
The platform offers a multi-tier referral reward program consisting of three levels:
- NEW STAR REWARDS: Each new client must deposit at least 300 USD and complete at least 3 lots of trading, earning the referrer a reward of 300 USD.
- ALL-STAR REWARDS: Refer 20 or more clients to earn 2,000 USD.
- MVP REWARD: Refer 50 or more clients to earn 5,000 USD (only once).
2. Introducing Brokers (IB)
The platform's IB program claims to offer partners attractive commissions, flexible conditions, and back-office support.
3. Affiliates Program
The platform's affiliates program offers competitive commission structures for digital marketers and influencers, suitable for bloggers, website publishers, email marketers, mobile marketers, media buyers, affiliate networks, or social media commentators.
4. White Labels
The platform claims to offer white-label solutions to financial institutions, including customized trading platform setups and marketing support.
Educational Resources
The website provides only basic explanations of forex trading concepts and lacks in-depth educational resources or course support.
Regulatory Information
The platform claims to be regulated by the following bodies:
- Financial Services Commission (FSC) of the US (License Number GB 13724991)
- Financial Services Commission of Mauritius (FSC) (Company Number 138949)
- Australian Securities and Investments Commission (ASIC) (AFSL License Number 254963)
However, upon investigation:
- The US does not have an official regulatory body named "Financial Services Commission (FSC)," which should instead refer to the Financial Services Commission of Mauritius, given the overall information on the platform's website.
- Both the Mauritius Business Registration Department and the FSC website show no records of Betamarktstakes Pty Ltd. The entity with registration number 138949 is actually NoDo (Mauritius) Ltd, which does not hold a financial license.
- ASIC license number 254963 actually belongs to GO MARKETS PTY LTD.
In conclusion, Betamarktstakes' regulatory claims are entirely false, with serious evidence of misrepresentation.
Contact Information
The platform provides the following contact details:
- Email: [email protected]
- Online Contact Form: Available on the website's "Contact Us" page
- Social Media: Although the website shows icons for Facebook, Twitter, Instagram, LinkedIn, and YouTube, there are no actual accounts set up.
Brand Impact and Visibility
- Website Traffic: Well-known web traffic analysis tools like Semrush and Ahrefs show zero monthly traffic for the official website.
- Company Staff: There is no information available about any staff or management team on the public internet or on the official website.
Conclusion
In summary, Betamarktstakes appears to be a fraudulent platform with no real presence, lacking trustworthy company background and regulatory credentials, and failing to provide any reliable trading support or services. Potential investors should be cautious to avoid financial losses.
