BITFXARENA claims to be a platform for trading cryptocurrencies. It is allegedly domiciled in the US, but there are no indications that it is registered with the US Securities and Exchange Commission (SEC).
Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BITFXARENA to its warning list for providing investment services without authorization.
In essence, BITFXARENA 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.
BITFXARENA is unequivocally a scam.
BITFXARENA claims to be a platform for trading cryptocurrencies. It is allegedly domiciled in the US, but there are no indications that it is registered with the US Securities and Exchange Commission (SEC).Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BITFXARENA to its warning list for providing investment services without authorization.In essence, BITFXARENA 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. BITFXARENA is unequivocally a scam.