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SPEED BIT TRADER

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Operating status: SCAM

Website: https://www.speedbitrader.pro/

Broker violations and abnormal records
  • 2025-03-18 The FCA issues a warning against SPEED BIT TRADER

    On March 19, 2025, the Financial Conduct Authority (FCA) issued a warning against SPEED BIT TRADER for the lack of the required authorization. https://www.fca.org.uk/news/warnings/speed-bit-trader

    On March 19, 2025, the Financial Conduct Authority (FCA) issued a warning against SPEED BIT TRADER for the lack of the required authorization. https://www.fca.org.uk/news/warnings/speed-bit-trader
  • 2025-03-19 BrokersView has reviewed that SPEED BIT TRADER is an unregulated broker

    The website uses a common template for fraudulent websites and has been flagged by Brokersview many times before. The company claims to have offices in many places, upon investigation, no matching information was found in the National Futures Association (NFA) and Monetary Authority of Singapore (MAS).

    In addition, the Financial Conduct Authority (FCA) issued a warning against SPEED BIT TRADER for the lack of the required authorization.

    In essence, SPEED BIT TRADER 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. SPEED BIT TRADER appears to be a scam. 

    The website uses a common template for fraudulent websites and has been flagged by Brokersview many times before. The company claims to have offices in many places, upon investigation, no matching information was found in the National Futures Association (NFA) and Monetary Authority of Singapore (MAS). In addition, the Financial Conduct Authority (FCA) issued a warning against SPEED BIT TRADER for the lack of the required authorization. In essence, SPEED BIT TRADER 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. SPEED BIT TRADER appears to be a scam.

Related Complaints

Q&A

Is it advised to invest in SPEED BIT TRADER?

Joan Phils
Mexico
2025-03-20
ANSWER Dear Investor, We strongly advise against trading with SPEED BIT TRADER. SPEED BIT TRADER exhibits multiple red flags that strongly suggest fraudulent activities. The website utilizes a common template frequently associated with scam operations. Research shows that the company is not authorized or supervised in the jurisdictions it alleges to be domiciled. Further compounding the concerns, the Financial Conduct Authority (FCA) has issued a warning against SPEED BIT TRADER, citing the absence of required authorization to provide financial services. Therefore, we recommend avoiding SPEED BIT TRADER at all costs to protect your investments.
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