Alert| FXbit-Traders Review: Is It Legit Or A Scam

FXbit-Traders Logo
1.4
Rated 1.4 out of 5
Scam Company
1.4 out of 5 stars (based on 8 reviews)

FXBIT-TRADERS INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
FXbit-Traders
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
4590 Block Crescent Avenue, London
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
Unknown
CONTACT EMAIL:
info@fxbit-traders.com
WEBSITE URL:
https://www.fxbit-traders.com/
WEBSITE IP:
185.212.71.193
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-03-27
HOSTING:
Hostinger

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

About FXbit Traders - Company Overview

FXbit traders operates as a supposed trading resource center however there are many speculations against this company. For starters, this company has very limited information on the web overall due to their contact us page being taken down. 

They seek out newcomers who are not so experienced when it comes to making investments so that they can scam them out of their hard-earned wealth and assets and wealth. EZ Chargeback is here today to inform and educate you on the shortcomings of FXbit-Traders, what sort of tactics they make use of to trick their clients, why this organization classifies as a fake company, and how to ensure that you are safe from such organizations in the future. 

Keep on reading the FXbit Traders review to fully comprehend what this organization is up to and why the FCA regards it as a scam.

What is FXbit-Traders Offering/ Promising To The Clients?

Economic calendar, economic calendar, economic calendar!!! This is the one item FXbit- Traders leverage to lure their targets to themselves. Customers of FXbit traders have access to an economic calendar. FXbit Traders convince new investors to utilize their economic calendar to be informed about everything that is happening in the markets. 

According to their website, using the economic calendar as a trading tool is a crucial approach to identifying important trading chances, hence raising your potential profit. They additionally provide a trading academy. 

They established the Fxbit-Traders Trading Academy, which includes a wealth of eBooks, video tutorials, and other educational resources. Webinars are another service provided by FXbit traders in addition to the academy and the calendar.

However, this so-called “economic calendar” and all the other services mentioned above are nothing but a mere myth. When individuals listen to and read their eBooks, they claim that the books have no basis, all the content in them is vague, objective, and generalized. So, is FXbit providing misguidance to its clients through eBooks? 

Moreover, FXbit traders provide four different investment programs that are “affordable” for all investors. From the entry-level version, which requires a $1000 initial deposit, to the elite version, which demands a $3000 minimum deposit. They then take your deposit fees and vanish, and never get back to you! 

So, are these truly the characteristics of a valid and authentic organization?

FXbit-Traders Plans

Are FXbit-traders Legit Or A Scam?

Finding out about their certification should always be the first and most crucial step when looking for brokers to use for your trading operations.

This will reveal whether FXBit Trade is an offshore and/or unregulated firm or whether they are subject to centralized regulation.

When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a license from the regulatory body in your country. The following are a few instances of regulatory bodies that provide brokerage licenses:

  • Cypriot Securities and Exchange Commission (CySEC)
  • Finance Conduct Authority (FCA)
  • Australia’s Securities and Investments Commission (ASIC)

Is FXbit-Traders Licensed?

A broker should be avoided if they are unlicensed and cannot obtain a license from the regulatory body in your country. Even if the brokerage is regulated, it is advised to stay away from it if the regulator is based somewhere else.

Almost all companies and individuals supplying financial services or products in the UK must be registered with or authorized by FCA. According to the research this company has not been registered with the FCA making it an unlicensed firm. The company is seen to have malicious terms and conditions where the company only accepts crypto payments and provides no withdrawal policy making it certain that it’s a scam.

Are There Any Google Copyright Infringements or Duplicates?

Did you know that Fxbit Traders is actually part of a scam network?! While doing some premium quality investigative work, I found that there are more than four to five duplicate sites for this company. 

Although they do not claim to be affiliated with these sites, anyone can see the similarities between all the websites, the structure, the content, and the ideation behind it. Not only that, but they all have the same registered address, this cannot be a mere coincidence now can it?!

The other sites include the following, 

https://www.ozinioustrade.com/
https://www.utahcapitalfx.com/
https://trustmillioninvest.com/
https://lonafx.com/

Fxbit Traders' Opinions On Review Sites, Social Media, And Contact Information

Numerous unlicensed brokers, such as Fxbit-trade, have been accused of defrauding clients. We tried going into depth and finding out what the customers have to say about the company. The company reportedly has no website or a social media page where customers can leave reviews which only strengthens the fact that the traders have been conducting scams.

FXbit-Traders Trust score

Comparing Fxbit Traders to Other Well Established Companies

Now, if you’re like me and love spending lots of time exploring new investment oppertunities, then you must have come across numerous companies which operate in the same field as Fxbit Traders. However, upon observing those sites, I can see that there is a clear difference between sites such as Binance and FXbit Traders. 

For instance, take the terms of service as an example, the TOS on binance have a middle ground, however the TOS on the Fxbit Traders site were extremely bias and favourable for the service providor and not the customers themselves. Not only that, but in terms of security, information, and transparency, there’s a magnitude of differences.

How To Get Your Money Back If This Company scammed you?

One of the most common online trading scams is showing positive trades at first to deceive investors into believing they will make money quickly. 

Following the development of this confidence, the investor will be persuaded to invest more money to receive higher returns. Other rewards might also be offered to entice investors to invite their friends and family to use the site.

The brokerage will proceed to suspend the account and prevent the investor from accessing the funds until they have taken all available cash from the investor and those in his or her network. To gain the trust of unwary investors, many dishonest businesses may even assert that they are based in a regulated area and show fictitious regulatory licenses and addresses on their websites.

Be cautious and check your information from several different sources. Sending money online should always be done with extreme caution.

Don’t get upset if you lost money via FXBit Trade. There have been others before you, and there probably will be more. Even the most diligent investors occasionally make mistakes, which should be viewed as a teaching opportunity

DO YOU NEED EXPERT ADVICE?

We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. 

We can help you with your legal and technical concerns and we can help you get your money back.

EZ Chargeback Is The Answer!

The good news is that assistance is accessible. The staff at EZ chargeback, a specialized company committed to assisting customers to recover money lost online, is available around-the-clock and has assisted customers worldwide in recovering millions of dollars.

In this endeavor, using a reliable provider like EZ Chargeback is essential because a standard chargeback process may frequently be complicated and drawn out without the proper advice. You may create a strong case to recover your money as soon as possible with the aid of EZ chargeback. Visit their website to schedule a meeting with the team so we can help you find the best asset recovery time for yourself and start the recovery process ASAP – time is of the essence here!

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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