BITFOREX TRADE Review : Fees, Pros and Cons, Reviews by Real Traders

BITFOREX TRADE

Operating status: SCAM

Website: https://bitforextrades.live/http://www.bitforextrades.live/

Broker violations and abnormal records

Aug 15, 2023 The UK FCA issues a warning against BITFOREX TRADE
Update on Aug 28, 2024:
The Financial Conduct Authority (FCA) issued an updated warning against FOREXMAVERICK. https://www.fca.org.uk/news/warnings/bitforex-trade-bitforextrade

Historical records:
On August 16, 2023, the Financial Conduct Authority (FCA) issued a warning against BITFOREX TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/bitforex-trade-bitforextrade

Update on Aug 28, 2024:The Financial Conduct Authority (FCA) issued an updated warning against FOREXMAVERICK. https://www.fca.org.uk/news/warnings/bitforex-trade-bitforextradeHistorical records:On August 16, 2023, the Financial Conduct Authority (FCA) issued a warning against BITFOREX TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/bitforex-trade-bitforextrade
Aug 17, 2023 BrokersView has reviewed that BITFOREX TRADE is an unregulated broker
Firstly, while BITFOREX TRADE claims to be based in the US, it remains an illegal forex broker as there are no official data from the National Futures Association (NFA) suggesting that it is properly licensed to engage in forex trading and brokerage in the US. This is a red flag.
Secondly, its website showcases a certificate from the Companies House (CH) to appear legitimate. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Mere registration with the CH doesn't mean the authorization for financial business. More importantly, the UK financial watchdog, the Financial Conduct Authority (FCA) has issued a warning against BITFOREX TRADE, warning the public about this unauthorized firm.
In essence, BITFOREX TRADE 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.

Firstly, while BITFOREX TRADE claims to be based in the US, it remains an illegal forex broker as there are no official data from the National Futures Association (NFA) suggesting that it is properly licensed to engage in forex trading and brokerage in the US. This is a red flag.Secondly, its website showcases a certificate from the Companies House (CH) to appear legitimate. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Mere registration with the CH doesn't mean the authorization for financial business. More importantly, the UK financial watchdog, the Financial Conduct Authority (FCA) has issued a warning against BITFOREX TRADE, warning the public about this unauthorized firm.In essence, BITFOREX TRADE 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.
Nov 18, 2025 BrokersView has identified that BITFOREX TRADE's website is currently offline
BrokersView found that the domain "https://bitforextrades.live/;http://www.bitforextrades.live/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://bitforextrades.live/;http://www.bitforextrades.live/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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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.

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