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Bit X Tream

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Operating status: SCAM

Website: https://bitxtream.com/

Broker violations and abnormal records
  • 2023-06-20 BrokersView has Reviewed that Bit X Tream is an Unregulated Broker

    According to its website，Bit X Tream is located in UK.However there is no matching information was found in the Financial Conduct Authority (FCA).

    The truth is that Bit X Tream is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    According to its website，Bit X Tream is located in UK.However there is no matching information was found in the Financial Conduct Authority (FCA).The truth is that Bit X Tream is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Can I trade on MT4? Is MT5 the only choice?

Janin
Malawi
2023-06-25
ANSWER Bit X Tream is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.The failure of Bit X Tream to disclose its regulatory information and licensing data can be interpreted as a scam indicator, as legitimate brokers always prominently display their accreditation and licenses. Bit X Tream claims to be located in the UK, where almost all individuals or companies offering financial services or products are required to seek authorization from the Financial Conduct Authority (FCA). However, our search for this firm in the FCA registry didn't yield any results, suggesting that it is engaging in the financial business in the absence of proper authorization.Regarding your question, we highly recommend exercising extreme caution and avoiding Bit X Tream because it is an unlicensed broker, which carries significant risks such as financial losses and identity theft. There are no rules in place to safeguard investors' interests. Therefore, we strongly suggest investors stay away from unlicensed brokers like Bit X Tream and choose a fully regulated one instead.
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