Score

1.54 /10
Danger

BitFxMarket

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.25

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Bitfxmarket(UK)Ltd

Company Abbreviation

BitFxMarket

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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BitFxMarket · Company summary

Note: BitFxMarket's official website: https://bitfxmarket.com/ is currently inaccessible normal.

BitFxMarketReview Summary
Founded2010
Registered Country/RegionUnited Kingdom
RegulationASIC/FCA (Suspicious Clone)
Market InstrumentsForex, and CFDs on stocks, cryptocurrencies
Demo Account
Leverage/
Spread/
Trading PlatformWeb-based
Min Deposit$500
Customer Support24/7 live chat
Phone: +1 (530) 777 5854
Email: support@bitcoinfxoption.com, support@bitfxmarket.com

BitFxMarket is a broker registered in the United Kingdom. It claims to offer a variety of financial products and 24/7 real-time support, but the lack of regulation brings great uncertainty and risk to its operations.

BitFxMarket's homepage

Pros and Cons

ProsCons
Various market instrumentsSuspicious clone ASIC licenses
Multiple investment plansInaccessible website
Diverse payment optionsNo demo accounts
High initial deposit required
Limited info on trading conditions
No MT4/5
High minimum deposit

Is BitFxMarket Legit?

No. BitFxMarket currently has no valid regulations. The ASIC and FCA licenses are both suspicious clones.

ASIC
Australia Securities & Investment Commission (ASIC)
Regulatory StatusSuspicious Clone
Regulated byAustralia
Licensed InstitutionETORO AUS CAPITAL LIMITED
Licensed TypeMarket Making (MM)
Licensed Number491139
Is BitFxMarket Legit?
FCA
Financial Conduct Authority (FCA)
Regulatory StatusSuspicious Clone
Regulated byUnited Kingdom
Licensed InstitutionF1Markets Ltd
Licensed TypeEuropean Authorized Representative (EEA)
Licensed Number744255
Is BitFxMarket Legit?

What Can I Trade on BitFxMarket?

Tradable InstrumentsSupported
Forex
CFDs
Cryptocurrencies
Commodities
Indices
Stocks
What Can I Trade on BitFxMarket?

Investment Plan

Investment PlanReturn Rate
Micro120%
Standard140%
Gold200%
Ultimate250%

Deposit and Withdrawal

BitFxMarket's minimum deposit is $500, but no specific fees are mentioned. BitFxMarket claims to offer over 70 payment methods, including credit cards, digital currencies, and money transfers/electronic funds transfers (EFT).

User Reviews

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User comment

1

Comments

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陈建国
more than one year
I joined Bitfxmarkets January this year, and I have been experiencing ups and downs from then on. When I made profits, they told me that I cannot withdraw my profits due to the terms. When I withdrew my funds, they delayed my request and let me wait and wait.
I joined Bitfxmarkets January this year, and I have been experiencing ups and downs from then on. When I made profits, they told me that I cannot withdraw my profits due to the terms. When I withdrew my funds, they delayed my request and let me wait and wait.
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2023-03-13 11:21
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