Broker Review

Unauthorised Firm Details

Name: Bitradex (also styled BitradeX)
Website: bitradex.com

Bitradex promotes itself as an AI-driven digital asset trading platform offering algorithmic trading, portfolio optimization, and token governance. It advertises its own utility token BTX, with a declared total supply of 1 billion, positioning it as central to accessing its trading tools and governance features. Marketing material has claimed that Bitradex raised a £12 million Series A round to expand infrastructure and regulatory compliance, though these claims are not independently verifiable.

Despite its ambitious positioning, Bitradex has attracted criticism for lacking verifiable regulation. Independent reviews and broker-safety services highlight repeated red flags: opaque ownership, promotional promises of high returns, user reports of frozen or delayed withdrawals, and absence of proof that the firm is licensed by top-tier regulators. While a UK-registered entity exists under the name Bitradex Fintech Limited (Company No. 16322746), Companies House registration does not equal FCA licensing. In fact, the UK Financial Conduct Authority (FCA) has issued a warning against a similarly named brand, BIT-TRADEX, for operating without authorization—raising concerns of possible brand confusion or misuse.

Bottom line: Bitradex mixes ambitious AI and token marketing with limited transparency, weak regulatory standing, and multiple reports of poor user experience. It should be treated as high risk until it demonstrates valid licensing and clearer accountability.

Location & Risk Notes

• Regulatory status: No evidence of authorization by the FCA, CySEC, ASIC, or other recognized regulators. The FCA has warned against a similarly named entity (BIT-TRADEX), which may indicate brand overlap or deliberate confusion.

• Domain & transparency: Website domain is relatively new; WHOIS ownership details are privacy-protected. Reputation services assign it only moderate trust scores.

• Corporate registration: A UK company named Bitradex Fintech Limited exists, but company registration alone does not grant the right to offer financial services.

• User reports: Complaints include withdrawal delays, frozen accounts, and pressure to make further deposits. Some reviews describe it as exhibiting “high-risk” or scam-adjacent behaviors.

• Marketing behavior: Aggressive claims about AI trading, guaranteed profits, and global expansion are not supported by independent evidence.

• Risk level: Without licensing and with repeated negative feedback, investors face a serious risk of loss and lack of recourse if funds are blocked.