ForexBit Review (2020)

ForexBit Brokers

ForexBit was an unlicensed Foreign exchange & Crypto CFD Forex Broker that opened in November 2018. They’re now closed!

For issues making a withdrawal from this Forex Broker, learn this text.

Trading Signals Scam

 You’ll lose cash utilizing faux software program!

See Professional Brokers listed right here.

ForexBit Assessment

Our assessment of ForexBit reveals that they’re providing traders, the CFD buying and selling software program platform made by Tradologic. The buying and selling platform has the total vary of underlying belongings together with: Currencies, CryptoCoins, CryptoTokens, Shares, Market Indices and Commodities.

You can see two buying and selling platform decisions, both their Simplex or ForexPro buying and selling software program. Proven under is a screenshot of their Simplex buying and selling software program. Traders will be unable to make use of the favored MT5 software program or any cell buying and selling apps. Their web site is just out there in English, as they’re focusing on purchasers in Australia.

Minimal deposit for a brand new buying and selling account at ForexBit might be $250, since that’s what all funnel Forex Brokers require. After your preliminary deposit, you’ll a cellphone name from a salesman providing you a managed account with 25% returns every month. They’ll ask for $10,000 after which decrease the quantity to $5,000.

In case your account is given any bonus cash, withdrawals might be blocked till you attain a buying and selling quantity of 40 instances the bonus quantity. If you wish to reverse the bonus, then it is going to value you 25% of your account stability.

Official ForexBit Brokers Trading

ForexBit License Examine

On the Rip-off Broker Investigator, you will see that lots of of critiques of CFD Forex Brokers, the place we test to see if they’re regulated Forex Brokerage corporations, or just a scam. The best way traders correctly assess a Foreign exchange Forex Broker, is by checking to see if the FCA in England regulates them or they are often licensed and controlled in Cyprus by CySEC.

ForexBit doesn’t have a license. They’re owned and operated by an organization referred to as Alpha Capital Expertise, which is situated at: Boulevard Vasil Levski 113, Sofia 1000 Bulgaria. Contact cellphone quantity in the UK: +442039664394, and their e-mail deal with is: [email protected]. Their web site was at:, after which at

On August 28th 2019, the FCA in United Kingdom issued this warning.

ASIC and the FCA have warned individuals in Australia and England to solely make investments with a regionally licensed Foreign exchange Forex Broker. You’ll find critiques of licensed Foreign exchange Forex Brokers listed right here.

Best Crypto Forex Brokers

Evaluate On-line Brokers

Good traders usually get overwhelmed, with so many Foreign exchange Forex Brokers to select from and examine. Listed here are a few Forex Brokers which can be well-liked.

ForTrade is the perfect Forex Broker that’s regulated by FCA United Kingdom and ASIC Australia, see right here.

Get a Free Demo Account on their distinctive buying and selling platform, signup right here.


If you’re already investing with ForexBit, please share your expertise within the feedback part under.