Bit Trading Review : Fees, Pros and Cons, Reviews by Real Traders

Bit Trading

Operating status: SCAM

Website: https://bittrading.club/

Broker violations and abnormal records

Apr 20, 2023 The United State CFTC Warns Bit Trading
On April 21, 2023, the U.S. Commodity Futures Trading Commission (CFTC) warned that Bit Trading is not registered with the CFTC: https://www.cftc.gov/PressRoom/PressReleases/8693-23

On April 21, 2023, the U.S. Commodity Futures Trading Commission (CFTC) warned that Bit Trading is not registered with the CFTC: https://www.cftc.gov/PressRoom/PressReleases/8693-23
May 04, 2023 BrokersView has reviewed that Bit Trading is an unregulated broker
Bit Trading claims to hold the MSB license by the US Financial Crimes Enforcement Network (FinCEN). However, our search for this company in the FinCEN register didn't yield any results. This means it is misrepresenting itself to fool investors. What's more, the FinCEN's mission is cracking down on financial crimes. The authority to regulate futures and derivative markets in the US rests with the Commodity Futures Trading Commission (CFTC) and the National Futures Authority (NFA). However, the CFTC has already filed a charge against Bit Trading, saying that it in fact is not registered with the CFTC. Therefore, Bit Trading is basically not subject to any effective regulations.
In essence, Bit Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Bit Trading claims to hold the MSB license by the US Financial Crimes Enforcement Network (FinCEN). However, our search for this company in the FinCEN register didn't yield any results. This means it is misrepresenting itself to fool investors. What's more, the FinCEN's mission is cracking down on financial crimes. The authority to regulate futures and derivative markets in the US rests with the Commodity Futures Trading Commission (CFTC) and the National Futures Authority (NFA). However, the CFTC has already filed a charge against Bit Trading, saying that it in fact is not registered with the CFTC. Therefore, Bit Trading is basically not subject to any effective regulations.In essence, Bit Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.