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METABITEXCHANGE

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Operating status: SCAM

Website: https://www.metabitexchange.com/

Broker violations and abnormal records
  • 2023-06-29 The UK FCA issued a warning against METABITEXCHANGE

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against METABITEXCHANGE, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/metabitexchange

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against METABITEXCHANGE, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/metabitexchange
  • 2023-07-03 BrokersView has reviewed that METABITEXCHANGE is an unregulated broker

    In an attempt to appear regulated, METABITEXCHANGE gives a vague description about its regulatory status. It claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Cananda (IIROC) but fails to provide the specific license numbers. We searched the registers of both regulators but no corresponding records were found, suggesting the claim is a false statement.

    Additionally, the Financial Conduct Authority (FCA) has added METABITEXCHANGE to its warning list for offering financial services or products without their authorization.

    In essence, METABITEXCHANGE 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.

    In an attempt to appear regulated, METABITEXCHANGE gives a vague description about its regulatory status. It claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Cananda (IIROC) but fails to provide the specific license numbers. We searched the registers of both regulators but no corresponding records were found, suggesting the claim is a false statement.Additionally, the Financial Conduct Authority (FCA) has added METABITEXCHANGE to its warning list for offering financial services or products without their authorization.In essence, METABITEXCHANGE 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.
  • 2023-09-14 The UK FCA issues a second warning against METABITEXCHANGE

    On September 15, 2023, the Financial Conduct Authority (FCA) issued a warning against METABITEXCHANGE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/metabit-exchange-limited

    On September 15, 2023, the Financial Conduct Authority (FCA) issued a warning against METABITEXCHANGE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/metabit-exchange-limited

Related Complaints

Q&A

How long will a demo account expire?

Gianluca Scatto
Indonesia
2023-07-20
ANSWER Considering METABITEXCHANGE's unregulated status and the warning from Financial Conduct Authority (FCA), we strongly suggest you drop the plan to engage with this fraudulent platform.METABITEXCHANGE gives a vague description about its regulatory status in an attempt to deceive unsuspecting investors. Although it claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Cananda (IIROC), the broker fails to provide the specific license numbers. We searched the registers of both regulators but no corresponding records were found. Such discrepancy suggests the claim is a false statement.Furthermore, the FCA has added METABITEXCHANGE to its warning list for offering financial services or products without their authorization. You can read the full warning here.In conclusion, without regulatory oversight, investors, if using METABITEXCHANGE, are exposed to financial losses and identity theft. As such, it is advisable to exercise extreme caution and avoid dealing with unlicensed brokers like METABITEXCHANGE. To mitigate such risks, investors are encouraged to choose a fully regulated one.
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