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ByBitForex
Operating status: SCAM
Website: https://bybitforex.com/
Broker violations and abnormal records
On 14 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ByBitForex was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bybitforex
On 14 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ByBitForex was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bybitforexAccording to its website, it claims to be registered with Companies House (Registration Number:5864879), but after verification, we found that the registration information on CH is inconsistent with the official website, and it can be seen from its website that the description of the regulatory information by this broker is full of grammatical errors and unclear expressions, which in itself is a signal of a scam. Then we checked the databases of the National Futures Association (NFA) and found that it had not been authorized. Furthermore, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ByBitForex was providing financial services or products in the UK without authorisation.
In addition, it claimed that it was regulated by the Financial Supervision Authority, Estonia (Estonia FSA), but no matching information in the Estonia FSA. It also mentioned Cyprus Securities and Exchange Commission (Cysec), but no relevant information was found. 
The truth is that ByBitForex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.
Therefore, ByBitForex is a scam.
According to its website, it claims to be registered with Companies House (Registration Number:5864879), but after verification, we found that the registration information on CH is inconsistent with the official website, and it can be seen from its website that the description of the regulatory information by this broker is full of grammatical errors and unclear expressions, which in itself is a signal of a scam. Then we checked the databases of the National Futures Association (NFA) and found that it had not been authorized. Furthermore, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ByBitForex was providing financial services or products in the UK without authorisation.In addition, it claimed that it was regulated by the Financial Supervision Authority, Estonia (Estonia FSA), but no matching information in the Estonia FSA. It also mentioned Cyprus Securities and Exchange Commission (Cysec), but no relevant information was found. The truth is that ByBitForex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, ByBitForex is a scam.
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