Companies & Regulation
The Alberta Securities Commission (ASC) has issued a clear securities fraud warning against BitradeX and its website bitradex.ai.
ASC Official Warning
On April 16, 2026, the Alberta Securities Commission warned that BitradeX is not registered to trade in or advise on securities or derivatives in Alberta.
The regulator advised investors not to deal with unregistered firms, as they offer no investor protections. Offering or promoting unregistered securities in Alberta is illegal and considered securities fraud.
BitradeX: Chinese MLM Crypto Ponzi Scheme
BitradeX is a multi-level marketing (MLM) cryptocurrency platform with strong ties to China. The company uses well-known French footballer Olivier Giroud as its public face.
Giroud announced his role as BitradeX’s “Brand Ambassador” in June 2025. Despite the celebrity endorsement, BitradeX is not registered to offer investment services in any jurisdiction.
Multiple International Warnings
BitradeX has already received fraud warnings from several regulators:
- Alberta, Canada – ASC securities warning (April 16, 2026)
- Malaysia
- Thailand
These warnings highlight the high risk associated with the platform.
High Website Traffic Raises Concerns
According to SimilarWeb data from March 2026, BitradeX’s website (bitradex.ai) attracted around 1.3 million monthly visits. The top traffic sources were:
- Japan (21%)
- United States (10%)
- Brazil (8%)
- Malaysia (5%)
