22BitBank Review: 22bitbank.com Beware of this Company

22BitBank is a venture that allegedly has over 2000 financial instruments. The entity is trading Indices, forex, and CFDs. They believe one of the reasons you should choose their platform is due to the availability of the MT5 software. However, we beg to differ as many factors contribute to a reliable broker. 

For instance, investors should settle with licensed platforms. Companies that are operating as per the law are safer. Their trading conditions are sound. Additionally, they provide better security. 

22BitBank lacks transparency. The firm fails to credit the team behind its success. Investors need to know the people handling their funds. It builds confidence and trust knowing that you are dealing with experts. If this entity decides to shut down its operations, today’s clients will not be able to trace the con artists down. The only reason offshore schemes observe anonymity is to eliminate the possibility of being identified. 

Ensure that you choose some of the best forex trading schemes. These are platforms with verified trading history. You can invest wisely and earn passive income. The company handles the withdrawal requests on time. 

22bitbank.com Review

Once you open an account with 22BitBank, you must verify it with government-issued documents. It is unwise to share such critical information with anonymous people. They can use the data to manipulate you into depositing more cash lest they sell the info to third parties.

The platform made its first digital footprint in February 2022. The domain name is expected to expire after one year. This is another indicator you cannot trust the broker. They intend to be in the industry for a short time frame. Nonetheless, this does not mean the scammers will be out of the market entirely. They will come back bearing a new name and ready to steal from more naive traders. 

22BitBank has low traffic visiting the website. It is evident nobody is interested in their services. They also proclaim to be an award-winning venture. However, no organization recognizes them in the industry. Trading with offshore schemes will have you worried all the time. You are not certain what is happening behind the closed doors. 

The platform fails to provide banking information. The law mandates all investment schemes to work with top tier 1 banks. It ensures investors’ funds are secure. The company cannot misuse traders’ funds. 22BitBank seems to be accepting funds directly from their pockets. The scheme also does not provide an educational program to improve the trading skills of customers. 

22BitBank Trading Conditions 

22BitBank has two trading accounts. The Raw and Standard package. The Raw account accepts a minimum deposit of 100 EUR and has a commission of $3.5. Clients must execute a minimum trade volume of 0.01. They will enjoy a right spread of zero pip.

The standard account accepts the same amount of deposit as the Raw account. It does not charge commission. Investors get a spread of 1 pip and can trade a minimum size of 0.01. 

22BitBank purports it has the popular MetaTrader software. However, their download link will lead to a suspicious platform with a malware warning. The broker is capable of stealing essential data from your gadget. The leverage and swap information is not available. You should not consider opening an account with the venture. 

Withdrawal and Deposit 

The company features payment methods like Neteller, Visa, Mastercard, Skrill, and wire transfer. Unfortunately, we cannot verify whether these options are what the firm is using. 

 

The 22BitBank withdrawal process takes 1 to 3 days to be processed. The venture is allegedly not charging any fees. It is essential to note the platform does not have a terms and conditions policy. 

This is a big red flag and shows a lack of seriousness. Offshore ventures are never generous, and they tend to exploit their customers. You can expect hidden charges, or the scheme will withhold your money with that in mind.

Contact Details and Customer Support 

22BitBank customer support is only a phone call away. The venture states it has a multilingual team that will hold your hand in the financial market. Other options to reach the broker are via email and live chat. 

The team speaks English, Spanish, and Italian. They welcome all potential clients with burning questions to reach out. Unfortunately,  the broker does not have an office address. Offshore firms will only be responsive when they need money from you. Once they realize you have run out of money, they immediately cut you off.

Legitimate investment schemes understand the importance of having a reliable support service. They work with friendly professionals and respond instantly to investors’ needs. We recommend trading with such platforms instead of settling with companies that eventually exit the market.

22BitBank Regulatory Status

22BitBank is a platform that does not have a registration form or a regulatory certificate. The scheme insinuates it has offices in the United Kingdom. This is one of the countries that have strict rules for investment schemes. If you take a quick check on the FCA database, the venture is illegally targeting UK citizens. 

Moreover, the entity has forged a document that shows the Japanese crypto exchange watchdog licenses it. The scheme’s determination to remain relevant is baffling. They cannot afford to acquire an FCA license as they would be required to deposit 730K EUR capital. 

22BitBank may not survive the volatility or even have enough money to run an investment scheme. Additionally, the firm is not reporting its daily opening and closing trade report. Even if the company manipulates the market price, no one would know. The venture can also change the terms and conditions to favor their greed. 

Unfortunately, the authorities would not be able to help. Governments have issued warnings against investing with offshore platforms. These companies inflict hidden charges and even refuse to handle withdrawal requests. They are untraceable and dangerous.

Stick to legitimate companies that care about your well-being. These ventures will help you earn passive income in a favorable trading environment. They also provide negative balance protection and safety of funds. 

Clients Testimonials 

22BitBank provides clients’ testimonials. Over 500 users have reviewed the venture. The statements indicate this is one of the best investment schemes in the world. The broker is being praised for offering tight spread, top-notch security, and professional services. 

The trading software is allegedly easy to use. They are also able to execute orders fast. Customers are pleased with the support team. They handle users’ queries on time.  We can also see the company takes the withdrawal process in time. 

22BitBank does not have a single negative remark. The reviews appear to be cherry-picked. Even the best leading platform will still not meet the expectation of all traders. Another questionable feature is the website fails to showcase the social media profile of its clients. There are also no pictures of the reviewers. 

How can we prove the endorsements are from their existing clients? For all we know, the broker might have written the testimonials. Offshore schemes tend to use shady marketing strategies to trap more victims. Additionally, the broker lacks performance reports. You are better off without the platform. They do not seem genuine at all. 

Final Verdict 

22BitBank is an ambiguous verified scam. The venture is illegally in business, and its location is unknown. The trading conditions of the entity are shallow. The platform hides essential data and uses false testimonials to get more victims.

Invest with the best forex trading brokers in the market. These are companies with reliable trading conditions. Additionally, their withdrawal process is swift and the brokers has transparent fees. 

Are the trading conditions of 22BitBank favorable?

No, the scheme exposes traders to severe risks.

Does 22BitBank have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from 22BitBank is huge losses.