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

bitqy

Operating status: SCAM

Website: http://bitqy.cc/

Broker violations and abnormal records

Jul 16, 2023 The Swiss FINMA issued a warning against bitqy
On July 17, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against bitqy, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/bitqy/

On July 17, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against bitqy, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/bitqy/
Jul 17, 2023 BrokersView has reviewed that bitqy is an unregulated broker
bitqy claims to be operated by Financial Innovations Limited, a company located in Ireland and authorized by the Central Bank of Ireland (CBI). While it is true that records matching this company exist in the CBI registry, it is crucial to note that the company is not registered as an investment firm (MiFID). Therefore, bitqy, as a forex broker, offers investment services outside the regulatory framework.
Furthermore, data from the CBI suggest that the registered entity is not trading under the name of bitqy and its address is in Ireland, which differs from the bitqy's claim to be located in Switzerland. This can be interpreted as a negative sign, indicating that bitqy may copy details of another real company to deceive unsuspecting investors.
Additionally, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against bitqy, stating that this broker is not entered in its commercial register.
In essence, bitqy 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.

bitqy claims to be operated by Financial Innovations Limited, a company located in Ireland and authorized by the Central Bank of Ireland (CBI). While it is true that records matching this company exist in the CBI registry, it is crucial to note that the company is not registered as an investment firm (MiFID). Therefore, bitqy, as a forex broker, offers investment services outside the regulatory framework. Furthermore, data from the CBI suggest that the registered entity is not trading under the name of bitqy and its address is in Ireland, which differs from the bitqy's claim to be located in Switzerland. This can be interpreted as a negative sign, indicating that bitqy may copy details of another real company to deceive unsuspecting investors.Additionally, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against bitqy, stating that this broker is not entered in its commercial register.In essence, bitqy 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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