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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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