Caution! FXBitanotrade is an offshore company! Your funds may be at risk.
FXBitanotrade Key Features
🔴 FXBitanotrade has shady investment plans available- a warning sign!
🔴 FXBitanotrade is not licensed by anyone – a red flag!
🔴 FXBitanotrade is not transparent – a red flag!
🔴 FXBitanotrade creates irrational expectations – a red flag!
FXBitanotrade Products and Services
FXBitanotrade provides access to several tiers of investment plans with obscene returns. Here is what the first few of them look like:
A daily interest of 1% might seem like a reasonable amount, but you need to consider the fact that no legitimate company would be able to grant that. Such a return would amount to a 30% monthly return! It is a common feature of HYIP scams to promise such impossible returns. We suggest FXBitanotrade is just another one of them – and this suggestion is supported by the company promising these obscene returns but not actually mentioning how it is to achieve them! There are some vague claims about crypto thrown around, which is also a common scam feature – these scammers rely on the general low understanding of the digital assets to fool their victims into depositing with them – watch out for such unrealistic promises!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.
That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
FXBitanotrade Company and Regulation
FXBitanotrade is not only unlicensed, but does not even mention regulation once on its website. There is no stronger indication of a scam – if you wish to invest safely you need to do so with a company that can be held accountable for its missteps. The only kind of company that exists out there that could be held liable like we suggested is the licensed one!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.
FXBitanotrade Address and Contacts
|Address:||Southampton, United Kingdom.|
|Phone number:||N+44 151 946 0844|
FXBitanotrade claims to operate from the UK – but, as examined above, the company is not licensed within the kingdom, or anywhere. This means it simply lies about its whereabouts, which is quite concerning. The only people who would lie like that are scammers that do not wish to be held accountable by their victims for their crimes – so they run their business anonymously and avoid handing out real identifying information!
When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products.
Fxbitanotrade.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2022-01-12|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is FXBitanotrade Safe?
FXBitanotrade is not a safe company – we have reviewed its business model, its lack of regulation and transparency, and come to the only conclusion that should be drawn for a company like FXBitanotrade – it is yet another scam!
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.