TradeTheBit Broker Review
- It has the best exchange conditions for beginner dealers.
- Client service isn't dependable with their responsiveness periods.
- There is a 50/50 probability of win or loss.
TradeTheBit Broker Review – TradeTheBit.com Is A Scam Without A License
A big question hangs over TradeTheBit’s legitimacy as another online forex broker. The team did their job and found out who was behind this operation and where to file a complaint if you’ve been scammed.
Find out what TradeTheBit is all about by reading our honest review!
Our recently updated scam broker reviews for InstaForex, SplitTrades, and EasyTrade should be read before you continue online trading. You will save time, money, and nerves!
- Scam Broker Status: Unregulated
- Regulated by: Unlicensed Company (No Regulated)
- Websites of scammers: TradeTheBit.com
- Forex Trading Scam: Active
- Scam listed by: N/A
- Owner of the broker: Trade the Bit Ltd
- Nationality: N/A
- Year of foundation: N/A
- Platforms for online trading: WebTrader
- Mobile Trading: Only available through web browsers
- Minimum Deposit: 250 Euros
- Bonus on Deposit: Yes, the bonus is available
- Crypto Asset Trading: BTC, XRP, ETH (total of 40+ cryptos)
- CFD Trading Option: No, you cannot trade CFDs
- Trade currencies, commodities, indices, shares, and cryptocurrencies.
- Leverage maximum: 1400
- Not available for Islamic accounts
- Demo Account: No, only live accounts are available
- US traders are not accepted: US traders are not accepted.
- The Global Fraud Protection Experts’ Verdict: Avoid this scam broker!
TradeTheBit Regulation: Is The Broker Legit?
A company called TradeTheBit is allegedly the owner of the anonymous broker TradeTheBit. Despite this, we didn’t find any evidence that such a company exists globally, which led us to believe it isn’t real.
Due to the absence of an official headquarters, we do not have a governing law or a regulatory authority.
We can sum up the most critical question regarding TradeTheBit regulation by saying it does not exist.
Questions About TradeTheBit License – Reputation Problems
Additionally, there is always the issue of TradeTheBit’s reputation, regardless of whether the company is regulated. Clients’ negative impressions usually indicate something is seriously wrong with the brokerage. Consequently, we cannot recommend TradeTheBit reviews.
Look for a Tier1 regulated brokerage with FCA, ASIC, BaFin, or similar relevant licenses if you decide to start trading. We want to warn you that FMarketX, FXBullion, and investing are fraudulent brokerage firms.
TheBit Scam – Don’t Put Any Money Into This Scam
Many investors have warned against investing with TradeTheBit, describing it as a fraudulent brokerage.
Broker Scamming Canadian Traders
Overall, this company appears to prefer scamming in Canada. One of the sophisticated scams brokers use today is changing the trading platform to change prices.
We urge you to file a complaint immediately if you are victimized.
What to Do If You Fall For A TradeTheBit Scam? – File A Complaint
We want to know if you have had a negative experience with TradeTheBit or a similar bogus broker. Furthermore, Global Fraud Protection recently assisted many people in getting refunds from TradeTheBit. You can book a free consultation by chatting with us online.
Find the right solution for your needs with the help of our experts. Make sure you don’t let scammers take your hard-earned cash!
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FAQ Section:
What Is TradeTheBit, And Should I Invest Money In It?
According to our research, the brokerage does not appear to have a proper license. When investing money, think twice before taking any risks!
What Is The TradeTheBit Minimum Deposit?
To start trading, you must deposit at least 250 EUR with the broker.
Are My Funds Safe With TradeTheBit?
Due to the broker’s anonymity and regulations, your funds cannot be protected.