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Winbitx

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Operating status: SCAM

Website: https://www.winbitx.com/

Broker violations and abnormal records
  • 2021-09-29 FCA Added Winbitx into its Warnings and Alerts

    On 30 September 2021, the UK’s Financial Conduct Authority (FCA) added Winbitx to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. In other words, the entity is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker. You may visit: https://www.fca.org.uk/news/warnings/winbitx

    On 30 September 2021, the UK’s Financial Conduct Authority (FCA) added Winbitx to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. In other words, the entity is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker. You may visit: https://www.fca.org.uk/news/warnings/winbitx
  • 2021-11-14 The FSMA identifies Winbitx as a new Fraudulent Online Trading Platform

    On 15 November 2021, the Financial Services and Markets Authority (FSMA) of Belgium has issued a public warning against Winbitx. The FSMA received complaints from consumers concerning the new fraudulent online trading platform that is operating in the Belgian market.  The regulator strongly advises against responding to any offers of financial services made by the broker, giving the reason that the company is not entitled to carry out services in Belgium that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others. Therefore, it is a fraudulent broker. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms

    On 15 November 2021, the Financial Services and Markets Authority (FSMA) of Belgium has issued a public warning against Winbitx. The FSMA received complaints from consumers concerning the new fraudulent online trading platform that is operating in the Belgian market. The regulator strongly advises against responding to any offers of financial services made by the broker, giving the reason that the company is not entitled to carry out services in Belgium that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others. Therefore, it is a fraudulent broker. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms
  • 2022-01-03 BrokersView has reviewed that Winbitx is an Unregulated Forex Broker

    Winbitx portrays itself as a registered business providing investors with legal online trading services. But actually it is not entitled to operate on any market because he runs without even a license.

    On 15 November 2021, the Financial Services and Markets Authority (FSMA) of Belgium has issued a public warning against Winbitx. The FSMA received complaints from consumers concerning the new fraudulent online trading platform that is operating in the Belgian market.  The regulator strongly advises against responding to any offers of financial services made by the broker, giving the reason that the company is not entitled to carry out services in Belgium that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others.

    On the other hand, on 30 September 2021, the UK’s Financial Conduct Authority (FCA) added Winbitx to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. In other words, the entity is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    Winbitx portrays itself as a registered business providing investors with legal online trading services. But actually it is not entitled to operate on any market because he runs without even a license.On 15 November 2021, the Financial Services and Markets Authority (FSMA) of Belgium has issued a public warning against Winbitx. The FSMA received complaints from consumers concerning the new fraudulent online trading platform that is operating in the Belgian market. The regulator strongly advises against responding to any offers of financial services made by the broker, giving the reason that the company is not entitled to carry out services in Belgium that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others.On the other hand, on 30 September 2021, the UK’s Financial Conduct Authority (FCA) added Winbitx to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. In other words, the entity is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-02-06 BrokersView has found that Winbitx is not working

    BrokersView found the domain https://www.winbitx.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.


    BrokersView found the domain https://www.winbitx.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Do you have any information about Winbitx? What's the leverage they offer? Someone recommended me this broker but I couldn't find too much info about it. Please assist.

David Park
Mexico
2022-02-10
ANSWER Winbitx is not a legitimate broker and should be avoided at all events. We found that this broker's website is not available right now, as most probably it has been suspended, which is always a bad sign. Based on the information we hold, Winbitx, warned by the UK's FCA and Belgium FSMA, is not entitled to operate on any market because it runs without even a license. On 15 November 2021, FSMA has issued a public warning against Winbitx. The FSMA received complaints from consumers concerning the new fraudulent online trading platform that is operating in the Belgian market. The regulator strongly advises against responding to any offers of financial services made by the broker, giving the reason that the company is not entitled to carry out services in Belgium that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others. You can check full warning here. On 30 September 2021, FCA added Winbitx to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. You can here to read more. We would recommend you to stay away from Winbitx and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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