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On 14 Sep, the Belgian Financial Services and Markets Authority (FSMA) identified that HubbleBIT is a fraudulent online trading platform. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-2
HubbleBIT claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
HubbleBIT also claims to be located in Switzerland and presents the addresses of its offices that locate in the UK, Canada, Australia, and Singapore. So we searched the United Kingdom Financial Conduct Authority (UK FCA), the Investment Industry Regulatory Organization of Canada (IIROC), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).
Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that HubbleBIT is a fraudulent online trading platform.
The truth is that HubbleBIT is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
On 13 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that HubbleBIT was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/hubblebit
On 15 Dec 2022, BrokersView found that the domain of HubbleBIT (https://hubblebit.vip/) was invalid.
The domain may just be suspended, but the invalidation of a broker's domain is often a bad sign.
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