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Bit

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Operating status: SCAM

Website: https://www.bitsg-pro.com/index

Broker violations and abnormal records
  • 2023-06-24 BrokersView has reviewed that Bit is an unregulated broker

    Bit fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. 

    In essence, Bit is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Bit fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. In essence, Bit is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Do they accept Australian investor?

Maxwell
Australia
2023-07-28
ANSWER Due to the fraudulent nature of Bit, we strongly suggest you drop the plan to deal with this platform.Bit fails to disclose its regulatory information and licensing data, which is a clear scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. In conclusion, without regulatory oversight, investors trading with Bit are exposed significant risks, such as financial losses and identity theft. There are no rules in place to protect investors from fraud or theft. Therefore, we highly recommend steering clear of unlicensed brokers like Bit and instead choosing a fully regulated one.
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