WikiFX Scam Alert: Plz keep clear of Bitfxtradez.online!!!!

Investors who are still trading forex at Bitfxtradez.online had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning on September 2nd issued against Bitfxtradez.online by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/bitfxtradez):

FCA has warned investors that trading with Bitfxtradez.online would mean taking a huge risk – because they are not under the supervision of any financial regulatory body and are therefore not authorized to offer services. Such a warning means that the broker is most probably running a scam!

WikiFX also paid a visit to the broker‘s official website to learn more. Bitfxtradez claims to be based in the UK – one of the top locations for forex trading. The country’s financial authority, the FCA, is one of the strictest and most well-respected in the world. However, Bitfxtradez is an officially exposed scam! It was blacklisted by the FCA, confirming its unauthorized, meaning that all services advertised by Bitfxtradez are practically illegal!

Furthermore, Bitfxtradez offers something that barely resembles trading software – a TradingView chart with some buttons attached to it. You might be able to place a Buy/Sell order with such a platform – but you would not be getting access to any additional useful tools and features. TradingView can be accessed completely free on the Internet and is not trading software in itself – two additional buttons do not change that.

The only funding method is a direct Bitcoin transaction. It‘s always a warning sign if a broker does not accept standard options such as Credit/Debit cards, Skrill or Neteller – the absence of these indicates that Bitfxtradez is insecure or illegal. What’s more, Bitcoin deposits are final, as no cryptocurrency transaction can be reversed; therefore, those who deposited BTC with Bitfxtradez will have no chance of recovering their money!

As for withdrawals and fees, Bitfxtradez shares absolutely no information. That is, the so-called broker does not even have legal documents, which instantly proves that Bitfxtradez is illegal and practically a scam!

Now let's search “Bitfxtradez.online” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/9628626962.html), Bitfxtradez currently has no valid regulatory license and the score is rather negative - only 1.01/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In conclusion, Bitfxtradez.online is a dangerous scam that has already managed to earn a warning by the FCA – a fact that proves with almost full certainty that this broker is a horrible investment option. The FCA had all the reasons to think that this broker is not legitimate – not only are they not regulated by any financial authority but they do not offer any sort of legal documentation. Moreover, the trading software provided by the broker is quite rudimentary and their trading conditions are far from clear. Stay away from this broker – investing with them will certainly get you in trouble.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.