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Is MyBitfx a Scam Broker?
MyBitfx has a professionally designed website and is likely to give a good overall impression to those who visit it. MyBitfx promises security, a variety of payment options, speedy order execution, and high liquidity on cryptocurrency trading. It claims to be regulated in the UK and other areas in Europe and says it has clients located all over the world. This may sound like a good choice for crypto trading, but is MyBitfx legit?
Our experts took some time to see if MyBitfx lived up to its promises and if its service was as professional as its stunning website. However, when we tried to confirm its licenses, including with the FCA, there was no listing. We double-checked but this is not an error. Although we could not find serious warnings against MyBitfx, nothing supported its claims of having a license.
The more sophisticated scam brokers understand that their clients want to see some kind of license. They depend on people not double-checking their claims. We could not find evidence MyBitfx is a scam but we could not find evidence that it is regulated.
Is MyBitfx a scam or legit broker
Since there was no validation of MyBitfx’s licenses, we can’t recommend this broker. Working with unregulated brokers is what many victims of crypto scams have in common. We suggest you look for a regulated broker with significant transparency. If you are in need of fund recovery, consult with us and we can provide solutions that will help you retrieve your funds.
- 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.