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STOCKSBIT FXTRADES (STOCKS BIT FX TRADES)

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Operating status: SCAM

Website: https://stocksbitfxtraders.com/

Broker violations and abnormal records
  • 2023-07-23 The UK FCA issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES)

    On July 24, 2023, the Financial Conduct Authority (FCA) issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stocksbit-fxtrades

    On July 24, 2023, the Financial Conduct Authority (FCA) issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stocksbit-fxtrades
  • 2023-07-25 BrokersView has reviewed that STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) is an unregulated broker

    STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) displays an incorporation certificate from the Companies House (CH) to appear legitimate. However, it is crucial to note that the CH only serves a registrar of companies in the UK and not empowered to issue financial licenses. The authority to issue licenses and regulate entities engaging in financial activities rests with the Financial Conduct Authority (FCA). However, the UK financial watchdog has issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) for providing financial services or products without their authorization.

    In essence, STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) 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. It is unequivocally a scam.

    STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) displays an incorporation certificate from the Companies House (CH) to appear legitimate. However, it is crucial to note that the CH only serves a registrar of companies in the UK and not empowered to issue financial licenses. The authority to issue licenses and regulate entities engaging in financial activities rests with the Financial Conduct Authority (FCA). However, the UK financial watchdog has issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) for providing financial services or products without their authorization.In essence, STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) 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. It is unequivocally a scam.

Related Complaints

Q&A

Could you tell me about the license information of this platform?

Justin Taylor
Greenland
2023-07-31
ANSWER STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) is not licensed to provide investment services/products and has been warned by the Financial Conduct Authority (FCA) for illegal operations.Although STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) displays an incorporation certificate from the Companies House (CH) to appear legitimate, it is crucial to note that the CH only serves a registrar of companies in the UK and not empowered to issue financial licenses. In the UK, the authority to issue licenses and regulate entities engaging in financial activities rests with the FCA. However, the UK financial watchdog has issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) for providing financial services or products without their authorization.Given the unlicensed status and the warning it received, we strongly suggest investors steer clear of STOCKSBIT FXTRADES (STOCKS BIT FX TRADES). It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating, as there are no rules in place to safeguard them. Therefore, investors are encouraged to exercise extreme caution and avoid unlicensed brokers like STOCKSBIT FXTRADES (STOCKS BIT FX TRADES). To mitigate such risks, it is advisable to choose a fully regulated one.
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