Score

1.54 /10
Danger

FOREXBIT

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.19

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FOREXBIT · Company summary

Note:FOREXBIT's official website: https://www.forexbit.com/ is currently inaccessible normally.

FOREXBITReview Summary
Founded2020
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCurrencies, cryptocurrencies, indices, commodities, stocks, futures
Demo Account/
Leverage/
SpreadFrom 1.8 pips
Trading PlatformSimplex, ForexPro
Min Deposit$250
Customer SupportTel: +44 203 966 6292
Email: support@forexbit.com

FOREXBIT is an unregulated dealer founded in 2020 in the United Kingdom. It offers trading instruments including currencies, cryptocurrencies, indices, commodities, stocks, and futures. It supports Simplex and ForexPro as trading platforms, with a minimum deposit of 250 USD.

Pros and Cons

Pros Cons
Multiple market instrumentsInaccessible website
No regulation
MT4/MT5 not available
Limited payment options
High minimum deposit
Withdrawal limits and fees
Inactivity fee charged

Is FOREXBIT Legit?

No, FOREXBIT is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license
Domain information

What Can I Trade on FOREXBIT?

ForexBit provides trading in both forex and binary options, and its offer is very broad in terms of assets. It includes currencies, cryptocurrencies, indices, commodities, stocks, and futures. The brokers crypto coins product range is very wide, including Bitcoin, Ethereum, Ripple, Litecoin, Dash, IOTA, ZCash, Ada, NEO, Bitcoin Cash, Stellar Lumens, and more.

Tradable Instruments Supported
Currencies
Cryptocurrencies
Indices
Commodities
Stocks
Futures
Bonds
Options
ETFs

Trading Platform

The Simplex platform offers trading in binary options, while the ForexPro is more advanced and intended for forex trades. The latter is also easy to use, but also equipped with a lot of technical analysis indicators and charting powered by TradingView.

Trading PlatformSupported Available Devices Suitable for
Simplex//
ForexPro//
MT4/Beginners
MT5/Experienced traders
Trading Platform

Deposit and Withdrawal

ForexBit accepts payments via Visa, wire transfer and a number of cryptos including Bitcoin, Ethereum, Ripple, DASH, Monero and others.

Payment options

The withdrawal fee for wire transfer is 20 USD, with a minimum withdrawal amount of 300 USD. The minimum withdrawal amount for credit card withdrawals is 50 USD.

Withdrawals

FOREXBIT Fees

ForexBit charges a monthly administration fee of $50 for accounts that have been inactive for more than 3 months (inactivity fee), and also some administrative fee for chargebacks.

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汇元
more than one year
It's so strange, I saw the advertisement of FOREXBIT company on the Internet before, so I checked it on the Internet, and found that the URL could not be opened! How can there be a company that has closed down and is still advertising?
It's so strange, I saw the advertisement of FOREXBIT company on the Internet before, so I checked it on the Internet, and found that the URL could not be opened! How can there be a company that has closed down and is still advertising?
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2023-02-21 13:48
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