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

GateBits

Operating status: SCAM

Website: https://gatebits.com/

Broker violations and abnormal records

Jan 08, 2023 The BCSC Added GateBits into Its Warnings
On 9 Jan 2023, the British Columbia Securities Commission (BCSC) issued a warning that GateBits was not registered in BC to engage in the business of trading in securities. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/gatebits

On 9 Jan 2023, the British Columbia Securities Commission (BCSC) issued a warning that GateBits was not registered in BC to engage in the business of trading in securities. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/gatebits
Jan 10, 2023 BrokersView has Reviewed that GateBits is an Unregulated Forex Broker
GateBits claims to be a worldwide brand while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, GateBits presents a contact number wthatbelongs to Australia on its website. As forex traders, you should know that if brokers want to operate in Australia or offer financial services to Australians, brokers are required to hold a valid Australian Financial Services (AFS) license issued by the Australian Securities & Investments Commission(ASIC). However, we did not find any match results to GateBits in ASIC.
More importantly, the British Columbia Securities Commission (BCSC) issued a warning that GateBits was not registered in BC to engage in the business of trading in securities. And the Ontario Securities Commission (OSC) issued a warning against this broker either.
The truth is, GateBits is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

GateBits claims to be a worldwide brand while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, GateBits presents a contact number wthatbelongs to Australia on its website. As forex traders, you should know that if brokers want to operate in Australia or offer financial services to Australians, brokers are required to hold a valid Australian Financial Services (AFS) license issued by the Australian Securities & Investments Commission(ASIC). However, we did not find any match results to GateBits in ASIC.More importantly, the British Columbia Securities Commission (BCSC) issued a warning that GateBits was not registered in BC to engage in the business of trading in securities. And the Ontario Securities Commission (OSC) issued a warning against this broker either.The truth is, GateBits is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.
Jan 12, 2023 The UK FCA Warns that Gatebits is a Clone Firm
On 13 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Gatebits was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/gatebits-clone-fca-authorised-firm

On 13 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Gatebits was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/gatebits-clone-fca-authorised-firm
Feb 23, 2023 The Ontario OSC issued a warning against Gatebits
The Ontario Securities Commission (OSC) issued a warning against Gatebits on Feb 24, 2023, saying it is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/gatebits

The Ontario Securities Commission (OSC) issued a warning against Gatebits on Feb 24, 2023, saying it is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/gatebits

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