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No Regulation
Score
1.53 /10
Danger
Finbitex
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.15
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Finbitexs official website: https://finbitex.com is currently inaccessible normally.
| Finbitex Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs, Cryptocurrencies |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trader, Desktop Platform, Mobile Platforms (Android, iOS) |
| Min Deposit | $250 |
| Customer Support | Email: support@finbitex.com |
Finbitex Information
Finbitex offers trading services for cryptocurrencies, CFDs, and forex. Although the platform is unlicensed and presents dangers to investors, it offers five different account types with a range of perks and tools.
Pros and Cons
| Pros | Cons |
| Wide range of tradable instruments | Not regulated |
| Multiple account types with bonuses | High minimum deposit for some accounts |
| User-friendly platforms for all devices | No demo or Islamic (swap-free) accounts |
Is Finbitex Legit?
Finbitex has no active financial licenses and is unregulated. Despite having a Marshall Islands registration, it is not subject to the supervision of respectable financial authorities like the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA).
On January 28, 2018, the domain finbitex.com was registered. Its last upgrade is planned for October 8, 2024, and it will expire on January 28, 2025.
What Can I Trade on Finbitex?
By providing trading in Forex, CFDs, and cryptocurrencies, Finbitex gives users access to a wide range of financial products.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
Account Types
Five distinct active account kinds are available from Finbitex, each with special benefits and initial deposits. Demo accounts and Islamic (swap-free) accounts are not specifically mentioned by the broker.
| Account Type | Basic | Silver | Gold | Platinum | Black (VIP) |
| Minimum Deposit | $250 | $1,000 | $5,000 | $10,000 | Managed Account |
| Bonus | 20% Welcome Bonus | 60% Welcome Bonus | 80% Welcome Bonus | 100% Welcome Bonus | Special Bonus |
| Features | Access to education center, market reviews | Webinars and market research | Advanced tools and arbitrage opportunities | Personalized support and trading tools | Signals on demand, managed funds |
| Suitable For | Beginners with minimal investment | Intermediate traders | Experienced traders | High-volume traders | VIP clients and large investors |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| Web Trader | ✔ | Web Browsers | Traders preferring browser-based trading |
| Desktop Platform | ✔ | Windows/Mac | Professional traders requiring advanced tools |
| Mobile Platform (Android) | ✔ | Android Devices | On-the-go traders using Android devices |
| Mobile Platform (iOS) | ✔ | iOS Devices | Apple users looking for mobile trading |
Deposit and Withdrawal
There are no fees for deposits or withdrawals stated clearly by Finbitex. $250 is the minimum deposit.
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