BitFxtrade Review : Fees, Pros and Cons, Reviews by Real Traders

BitFxtrade

Operating status: SCAM

Website: https://bitfxtradez.online/

Broker violations and abnormal records

Sep 01, 2022 The UK FCA Added BitFxtrade into Its Warnings
On 2 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BitFxtrade is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bitfxtradez

On 2 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BitFxtrade is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bitfxtradez
Sep 04, 2022 BrokersView has Reviewed that BitFxtrade is an Unregulated Forex Broker
BitFxtrade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
BitFxtrade also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this broker in UK FCA.
The truth is that BitFxtrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

BitFxtrade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. BitFxtrade also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this broker in UK FCA.The truth is that BitFxtrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Nov 15, 2022 BrokersView has found that BitFxtrade is not working
BrokersView found the domain "https://bitfxtradez.online/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://bitfxtradez.online/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.