Beta Tech Review (beta-tech.io Scam)

Read our Beta Tech review to understand why we DO NOT recommend this broker for trading. This is an in-depth review of beta-tech.io.

Is Beta Tech a Scam or Legit?

After examining their website, it’s clear that Beta Tech is not regulated by any official agency. This is a MAJOR RED FLAG! This alone should deter you from investing with them. Additionally, they collaborate with websites offering “Automated trading software,” which is notorious for scams.

Beta Tech operates as an unregulated forex broker, meaning customers are unprotected. This significantly increases the likelihood that they will take your money without accountability.

How Does the Scam Work?

Unregulated forex brokers like Beta Tech typically operate by contacting individuals and persuading them to make an initial minimum deposit. They lure people with deals that sound too good to be true, such as doubling your deposit or making hundreds of dollars per day. This is a SCAM! After the initial deposit, clients are handed over to a more persuasive scammer, known as a retention agent, who will try to extract more money. Be wary of positive Beta Tech reviews online—they often pay for good reviews to improve their reputation.

Withdrawing Funds from Beta Tech

Submit a withdrawal request immediately because your funds are not safe with an unregulated broker. Here’s where it gets tricky:

Regardless of whether you have profits, Beta Tech will delay the withdrawal process for months. If they delay it for six months, you won’t be able to file a chargeback, and your money is gone for good. Constant reminders or requests won’t help, and if you signed the Managed Account Agreement (MAA), they could lose all your funds, leaving you with nothing to withdraw.

How to Get Your Money Back from Beta Tech

If you’ve already deposited money with them and they refuse to return it, don’t worry—there may still be ways to recover your funds:

1. Keep Proof: Retain all emails showing your requests for withdrawal and their delays.
2. Perform a Chargeback: Contact your bank or credit card provider immediately and explain the situation, stating that they deceived you into depositing with an unregulated broker. This is the simplest and most effective way to get your money back and disrupt their operations.

If you’re unsure how to proceed with a chargeback, we can help. Contact us at info@thefxreview.com, but don’t inform your broker that you read this article or are contacting us.

What About Wire Transfers?

Unfortunately, you can’t perform a chargeback on a wire transfer. Instead, you need to escalate the issue:

1. Threaten Legal Action: Inform them that you will report them to the authorities.
2. Prepare a Letter or Email: Write to the regulatory agencies in your country, describing the deception. Show this letter or email to Beta Tech and warn them that you will send it to the authorities if they don’t refund your money.

If you need assistance with this step, reach out to us at info@thefxreview.com.

Leave Beta Tech Reviews on Other Sites

To help others avoid falling victim to this scam, leave reviews on other sites. Share your experience and warn potential investors. If Beta Tech contacts you from a new website, mention it in the comments or notify us. Also, report any phone calls from other suspicious companies.

Beta Tech Review Overview

Writing this Beta Tech review was crucial to help protect potential investors from losing their hard-earned money. Always thoroughly research any Forex or trading company before making transactions. We hope this Beta Tech review has been helpful. If you have any questions or need advice on the withdrawal process, contact us at info@thefxreview.com.

For those who wish to trade, choose a trustworthy, regulated broker from our recommended list below.