ForexBit Review: Why This Broker Is Not Legit. Dangerous Scam!

ForexBit is a Forex CFD Broker that has the following assets- Bitcoin, Ethereum. It is operated by  Alpha Capital Technology, with an address atBoulevard Vasil Levski 113, Sofia 1000 Bulgaria. This Broker’s provided the following contact details- Contact phone number in the United Kingdom+44 203 966 6292, and email- [email protected]

forexbit

Withdrawal and Deposit Method

ForexBit withdrawal and deposit methods could be carried out by the following means:

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License and Regulation

We could not find a license for this broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices.  This is a source of major concern.

ForexBit Broker Review- Disturbing Things Found

From our investigations so far, Forexbit is just like nextcoinmarket and FXbrew Brokers, fraudsters who are adeptly scamming people online with the guise of cryptocurrency trading. Below are the redflags which are enough indication that this Broker is a sham.

  • Unnecessary fees.
  • Does not appear to be licensed or regulated to provide investment options

WARNING We do not endorse this broker!

OUR RECOMMENDATION >> FORTRADE

They are the best brokers in the industry and they offer trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. They also accept clients worldwide. We can vouch for them as they are regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe.visit their official website

Summary
Review Date
Reviewed Item
Forexbit
Author Rating
11stargraygraygraygray

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