ANSWER Trustbit is an unregulated forex broker. The company fails to provide any information about its regulatory status, which is a significant red flag. Furthermore, the Financial Services and Markets Authority (FSMA) has included Trustbit in its warning list, identifying it as one of the fraudulent trading platforms operating in the Belgian market.Consequently, Trustbit presents substantial risks of fraud and identity theft. Its clients are not protected by any rules or laws. To avoid becoming victims of investment scams, traders are advised to steer clear of unlicensed brokers like Trustbit. Instead, they should opt for fully regulated brokers with strong reputations.
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