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BITMETALITFX

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Operating status: SCAM

Website: https://www.bitmetalitfx.com/

Broker violations and abnormal records
  • 2023-08-15 The UK FCA issued a Warning against BITMETALITFX

    On 16 August 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BITMETALITFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bitmetalitfx

    On 16 August 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BITMETALITFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bitmetalitfx
  • 2023-08-17 BrokersView has Reviewed that ​BITMETALITFX is an Unregulated Broker

    BITMETALITFX claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. 

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BITMETALITFX was providing finacial services or products without authorisation.

    The truth is that BITMETALITFX 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.

    BITMETALITFX claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BITMETALITFX was providing finacial services or products without authorisation.The truth is that BITMETALITFX 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

Is BITMETALITFX a reliable broker?

Ofelya Otabor
Singapore
2023-09-18
ANSWER No, BITMETALITFX is not a reliable broker.The website of BITMETALITFX is currently inaccessible, which strongly suggests significant issues with the broker's resources and reliability. Often, scammers will disable their websites and applications to sever connections with their customers and to avoid potential penalties or legal actions from regulatory authorities.Based on BrokersView's records, BITMETALITFX claimed to be a reliable company but didn't give any information about its regulation or contact. The lack of transparency was another red flag. Furthermore, the United Kingdom Financial Conduct Authority (FCA) has issued a warning, explicitly stating that BITMETALITFX was providing financial services or products without their authorization.Therefore, BITMETALITFX is unreliable. Entrusting the platform with funds and personal information is highly risky, as there are no rules in place to safeguard them. Individuals dealing with it are exposed to substantial financial losses and identity theft. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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