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

Rangebits

Operating status: SCAM

Website: https://www.rangebits.com

Broker violations and abnormal records

Mar 07, 2023 The UK regulator FCA added Rangebits into warning list
The Financial Conduct Authority (FCA) issued a warning against Rangebits on March 8th, 2023 after finding this broker may provide financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/rangebits

The Financial Conduct Authority (FCA) issued a warning against Rangebits on March 8th, 2023 after finding this broker may provide financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/rangebits
Mar 08, 2023 BrokersView has reviewed that Rangebits is an Unregulated broker
Rangebits presents zero details about its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.
As mentioned in this broker's "Frequently Asked Questions" section, Rangebits is supposedly based in the United Kingdom. Therefore, this broker shall be regulated by the Financial Conduct Authority (FCA). However, when searching in the FCA, we found that it is listed as an unauthorized firm by FCA.
The truth is, Rangebits 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.

Rangebits presents zero details about its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.As mentioned in this broker's "Frequently Asked Questions" section, Rangebits is supposedly based in the United Kingdom. Therefore, this broker shall be regulated by the Financial Conduct Authority (FCA). However, when searching in the FCA, we found that it is listed as an unauthorized firm by FCA.The truth is, Rangebits 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.

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