FairBit is a forex and CFD broker that is based in the Czech Republic. It doesn’t provide details of what assets it offers for trading, however, it mentioned that it provides а web-based trading platform, but not the MT 4 platform. Furthermore, the minimum deposit required by the broker is at the industry’s average of 250 dollars, but there are no further trading conditions disclosed. It is found that the broker is owned by a company that is registered in the Czech Republic. We like to make the readers aware that the Czech Republic is a member state of the European Union and all the online Forex brokers have to be duly registered with its regulatory framework which is modeled after the guidelines of regulatory ESMA.
Checking all the websites of the broker we could not find any detail of a license by the Czech authorities, so we could safely conclude that the broker FairBit does not fall under the oversight of any regulatory or whatsoever. There is a major lack of information on the website of the broker and in fact, the terms and conditions are also not provided by the broker which is a clear sign of a scam since it is the most important information in Forex trading.
If you have traded with Fair-Bit and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed Fair-Bit review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is Fair-Bit a scam or legit broker?
Fair-Bit has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with Fair-Bit contact them immediately and try to get your fund out. If the Fair-Bit has done the following, you have probably a victim of Fair-Bit scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.