Fxbit Trader Review : Fees, Pros and Cons, Reviews by Real Traders

Fxbit Trader

Operating status: SCAM

Website: https://www.fxbit-traders.com/index.html

Broker violations and abnormal records

Apr 21, 2022 The UK FCA Added Fxbit Trader into Its Warnings
On 22 April 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fxbit Trader is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxbit-trader

On 22 April 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fxbit Trader is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxbit-trader
Aug 28, 2022 BrokersView has Reviewed that Fxbit Trader is an Unregulated Forex Broker
Fxbit Trader 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.
Fxbit Trader also claims to be located in the UK. So we searched the United Kingdom Financial Conduct Authority (UK FCA) but only found a warning.
UK FCA warned that Fxbit Trader was providing financial services or products in the UK without authorisation.
The truth is that Fxbit Trader 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.

Fxbit Trader 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. Fxbit Trader also claims to be located in the UK. So we searched the United Kingdom Financial Conduct Authority (UK FCA) but only found a warning. UK FCA warned that Fxbit Trader was providing financial services or products in the UK without authorisation.The truth is that Fxbit Trader 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 16, 2022 BrokersView has found that Fxbit Trader is not working
BrokersView found the domain "https://www.fxbit-traders.com/index.html" 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://www.fxbit-traders.com/index.html" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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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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