Bitwaxtrade

Bitwaxtrade is an entity registered in New Zealand, with a claimed foundation date of 20 September 2020. Its official website is bitwaxtrade.net, and its registered address is listed in Liverpool, United Kingdom, rather than New Zealand. The firm holds no known regulatory licenses, which introduces uncertainty regarding its oversight.

According to public registry data, Bitwaxtrade operates under the business name 'Bitwaxtrade' with an address at 4 apt. Flawing Street, The Grand Avenue, Liverpool, UK 33342. The mismatch between the country of registration (New Zealand) and the operational address (UK) may be noteworthy. As of this review, independent information about the company’s services is extremely limited.

Bitwaxtrade does not appear on the register of any financial regulator. The absence of a licence from a reputable authority such as the Financial Markets Authority (FMA) in New Zealand, the Financial Conduct Authority (FCA) in the UK, or any other major regulator means that clients would have no recourse to a regulatory ombudsman or compensation scheme in the event of a dispute.

For traders considering this broker, the lack of regulation is a material risk factor. Regulated brokers are required to segregate client funds, report financials, and adhere to conduct rules. None of these safeguards can be confirmed for Bitwaxtrade.

According to our records, Bitwaxtrade was incorporated in New Zealand on 21 September 2020. The company’s registered address, however, is in Liverpool, United Kingdom. This dual-jurisdiction arrangement can make it difficult for clients to determine which legal entity they are contracting with and which country’s laws apply.

The address provided—4 apt. Flawing Street, The Grand Avenue, Liverpool, UK 33342—appears to be a residential or generic commercial location. Without a specific licence or regulatory filings, verifying the company's physical presence is challenging.

FXCanary’s Scam Risk Score for Bitwaxtrade is 48 out of 100, classified as 'Guarded.' This score reflects the absence of regulatory oversight, the discrepancy between the country of incorporation and the physical address, and the general lack of publicly available independent information about the broker’s operations and client protections.

In our assessment, a 'Guarded' score indicates that while no active scam allegations have been confirmed, the broker exhibits multiple warning signs that warrant caution. Traders should conduct thorough due diligence before depositing any funds.