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AlgoBitTrade

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Operating status: SCAM

Website: https://algobittrade.com/

Broker violations and abnormal records
  • 2025-04-08 The BCSC issued a warning against AlgoBitTrade

    On April 9, 2025, the British Columbia Securities Commission (BCSC) issued a warning that AlgoBitTrade was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2025/algobittrade

    On April 9, 2025, the British Columbia Securities Commission (BCSC) issued a warning that AlgoBitTrade was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2025/algobittrade
  • 2025-04-09 BrokersView has reviewed that AlgoBitTrade is an unregulated broker

    According to its website, it claims to be a reliable company, but it does not display any valid regulatory information on the website for inquiry, and even the most basic office address is not disclosed, which is a very unreliable behavior. In addition, the British Columbia Securities Commission (BCSC) issued a warning that AlgoBitTrade was providing financial services or products without authorisation.

    In essence, AlgoBitTrade 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. AlgoBitTrade appears to be a scam.

    According to its website, it claims to be a reliable company, but it does not display any valid regulatory information on the website for inquiry, and even the most basic office address is not disclosed, which is a very unreliable behavior. In addition, the British Columbia Securities Commission (BCSC) issued a warning that AlgoBitTrade was providing financial services or products without authorisation. In essence, AlgoBitTrade 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. AlgoBitTrade appears to be a scam.

Related Complaints

Q&A

Is AlgoBitTrade a licensed site?

lalalan
Belize
2025-04-09
ANSWER Dear Investor, It is strongly advised against engaging in trading activities with AlgoBitTrade due to significant concerns about its reliability and legitimacy as a financial services provider. According to its own website, the company claims to be trustworthy; however, it fails to provide essential regulatory information necessary for due diligence. Such information, including regulatory credentials and even a basic office address, is conspicuously absent. Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning stating that AlgoBitTrade is operating without the necessary authorization to provide financial services or products. In light of these factors, it is prudent to avoid trading with AlgoBitTrade to protect your investments.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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