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M BITRADE

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Operating status: SCAM

Website: https://m-bitrade.com/

Broker violations and abnormal records
  • 2024-04-16 The FCA issues a warning about M BITRADE

    On April 17, 2024, the Financial Conduct Authority (FCA) issued a warning against M BITRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/m-bitrade-m-bitradecom

    On April 17, 2024, the Financial Conduct Authority (FCA) issued a warning against M BITRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/m-bitrade-m-bitradecom
  • 2024-04-18 BrokersView has reviewed that M BITRADE is an unregulated trading platform

    While M BITRADE claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). To underscore its unauthorized status, the FCA has issued a warning about M BITRADE, flagging the scam and advising investors to stay away from it.

    In essence, M BITRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    M BITRADE appears to be a scam.

    While M BITRADE claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). To underscore its unauthorized status, the FCA has issued a warning about M BITRADE, flagging the scam and advising investors to stay away from it.In essence, M BITRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.M BITRADE appears to be a scam.

Related Complaints

Q&A

Do you recommend M BITRADE?

Tetiana Nthambi
Malaysia
2024-04-23
ANSWER No, M BITRADE is not recommended for investors due to its lack of licensing.Despite claiming to be located in the UK, this investment website has failed to secure the necessary authorization from the Financial Conduct Authority (FCA), leading to a warning issued by the FCA. The UK's financial regulator has identified M BITRADE as an unauthorized firm, illegally providing financial services, and has advised investors to steer clear of it.Consequently, M BITRADE is far from a secure option, posing significant risks of potential fraud and identity theft. Engaging with an unregulated trading platform could result in financial losses, and victims are not protected by regulations or law. For a safer trading environment, we recommend opting for fully regulated brokers instead of unregulated ones like M BITRADE.
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