Fxbit Option Review: Obnoxious Broker

Fxbit Option Review: Obnoxious Broker

Fxbit Option brags it has multiple licenses. You can invest in forex or shares. The scheme also claims it has over 40K instruments, and you can diversify your risks by trading on various products. The entity also claims it has 30 years of experience. However, this is a false statement. This is a newly established entity. 

Fxbit Option Review, Fxbit Option Company

The broker allegedly is here to open opportunities for investors that are starting in the industry. You can emulate the strategies of expert investors. Therefore, you do not need to have the trading experience to begin.

Fxbit Option is a venture that cannot be entrusted with the minor details of its business. The scheme allegedly has over 480k traders. Even the best investment schemes in the industry struggle to attain a high audience immediately after joining the industry.

The suspicious company is looking for ways to get more victims. It claimed to be reputable, but we are weird to see client testimonials. It is accepting traders from over 150 countries illegally. The platform does not obey the set guidelines or financial bodies.

Instead of wasting money and resources with the broker we recommend that you trade with reputable and licensed forex trading companies in the market. You will earn real time returns at the comfort of your home without risking your personal data or safety of your money. Review

Fxbit Option gives access to the group chat immediately after completing the registration process. The company avails turn signals every day with live updates. You do not know how reliable their strategies are, as we are yet to see anyone who endorses the broker.

The entity markets itself as a multinational investment scheme. You can start trading with any amount, but this is only a misleading statement. No platform would be generous enough to provide quick riches to their customers. Moreover, if this were a genuine company, they would not ask for a single cent from their customer.

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There’s no evidence of anyone that has owned using the Fxbit Option. You should avoid sharing your personal data as the broker can use it against you. Additionally, escape is not working with a reputable financial institution.

They can therefore do whatever they please with the amount that you deposit. An SSL certificate cannot protect your information from criminals. Ponzi schemes can willingly sell the data for their own benefits.

Features of Fxbit Option

The venture boasts numerous advantages that investors gain from trading with them. For starters, this entity has not been in the industry since 2013. Another red flag is that the regulatory body of the United Kingdom does not permit them to conduct their investment services in its jurisdiction.

Fxbit Option avails of over 700 signals every day once you make payment. They also praised their support team for being professional and diligently handling the issues facing their customers. However, it would help not easily trust an offshore investment scheme. They can abandon you at any time.

The statistics that the broker provides are manipulative and unverified. Would love to see the trading results of the broker. Unfortunately, given that they are not investing, you should not put your hopes high.

Fxbit Option Trading Condition and Accounts

The company assures investors that it does not charge commission and has the right spreads. You will also enjoy free trading tools. The spread range from; 0.2 pips to 0.4 pips.

The minimum amount that you can deposit is $500. This is on the high end as multiple legitimate brokers take as low as $100. Additionally, the broker promises a 6.5% profit every week. There is also a referral bonus of 5%. However, it is impossible to yield such high returns in a short time frame.

Fxbit Option is a rip-off company that keeps popping up information to show the latest individuals that have withdrawn a high amount of funds. The platform has four trading accounts. All of them have exaggerated ROI. 

The more money you are willing to spend, the higher the outcome. Their top-tier account offers 300% profit after five days. You have to deposit $100 million. Any investment scheme that guarantees to double your capital overnight is a Ponzi scheme.

Regulation Status of Fxbit Option

The platform brags it has a license from ASIC, FCA, and FSCA. A company is trading stocks, crypto, real estate, and forex. It also claims it has won awards for being the best CFD broker, best execution broker, and having the best trading experience. The scam also said it featured on various financial platforms and news outlets.

Fxbit Option fails to disclose the parent company that is running the business. A legitimate investment entity would provide information regarding the people behind its activity. They also feature the financial watchdog that supervisors their activities.

Ironically,  this is a Ponzi scheme that purports to have the FCA license. Unfortunately, the venture is not in the database of the financial institution. If the Ponzi scheme chooses to exit the industry at any time, traders will not receive compensation. This is because the entity does not participate in a compensation scheme.

Fxbit Option is determined to remain relevant even if they have to lie about their legitimacy. Moreover, the scheme is not reporting its daily trading activities to the financial bodies. Stick to companies that are highly regulated to avoid unforeseen outcomes.

Fxbit Option Withdrawal and Deposit

It appears that traders can only cash in via Bitcoin. There’s no information regarding the withdrawal, and this should show you the broker has no intention of releasing your money. Review, Features

They may have hidden charges; it will only be communicated once you ask for a cash-out. A single payment option is also unlikely with transparent companies.

Customer Support and Contact Details

The customer support operates 24/5. The firm states it has award-winning support. Ponzi scheme purports to be working from the United States. Sadly this is a fake address, and the real country of origin is unknown.

Investors should also not expect professional services from the Fxbit Option. The broker only promises high outcomes, but initially, it does not have sufficient funds to hire a reliable team. You risk getting unethical treatment from the fraudsters.

False Testimonials

Fxbit Option is mainly targeting newbie investors. The information states that individuals earn high profits after taking the entity’s free course. The venture is also kind enough to give out the director’s phone number to anyone who might be interested in getting a guide and their questions answered.

The individuals recommend the scheme to everyone who wants to earn passive income. Investors claim that this is a legit company. The platform is being marketed as one of the best investment entities in the market.

The information is vague and false. Fxbit Option uses stock images. Therefore, you should not consider whatever the scam has left behind. We always recommend that you look for investors’ reviews from third-party websites.

Final Verdict

Fxbit Option is a company unworthy of your trust. You will only lose money if you trade with the scheme. Their rewards may seem genuine but note there is no evidence of anyone that has earned from their website.

To be on the safe side try out these legitimate forex trading companies. These are transparent and good platforms that have excellent trading conditions. You can also check out their clients review.

What do investors have to say about this company?

Fxbit Option has false testimonials. There are no genuine clients reviews

Is Fxbit Option licensed?

No, this is an illigitimate entity

Where is Fxbit Option based?

We do not know the actual area the broker is operating from.


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