A warning from the FCA puts all efforts by FxBit-Incom to convince investors of their legitimacy. The platform claims to be a multi-regulated broker which is far from the truth. A warning from the FCA means the platform is up to no good. Recently, investors have failed to withdraw funds from the platform. And this is going to hurt anyone who tries to invest with fxbit-incom.com. Here’s our full and comprehensive FXBIT-INCOM REVIEW.
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The platform claims to put the interest of clients first since 2016. You get a platform that promises to control the financial lives of its members for the better. But, of course, all these are empty promises.
You won’t profit from the platform as withdrawal is a major pain in the neck. No one has been able to withdraw for the past few weeks. In a legitimate trading platform, withdrawal is open to all.
We can tell you that this is not a professional trading platform from the word go. There are a lot of grammar mistakes, especially in the about us section. And this is a pointer that the guys behind this platform only want your investment.
No good will come out of investing with FxBit-Incom. You will likely lose more than your bargain as the platform also deals with online fraud. In addition, your financial documents are liable to other online pyramid schemes.
Before you invest in any platform, we recommend doing some due diligence. Try and find out what makes a platform tick. These are some of the ways to protect yourself from online fraud platforms such as fxbit-incom.com.
There are several funding methods available on the platform. To ensure anyone can deposit funds, the platform avails worldwide depository options. These include bank and wire transfers alongside crypto deposits.
After depositing funds with the platform, the amount will reflect in your trading account within two business days. You can then begin to trade and, hopefully, make some profitable trades. When the time comes to withdraw, that’s when all hell breaks loose.
The platform blocks all withdrawal attempts and suggests that it’s your error. For example, you get an email claiming that you used the wrong withdrawal option. Other excuses include your bank not accepting their payment methods or delays in transactions.
These are mere excuses sent to members to give them hope for a withdrawal. It won’t materialize as the platform will soon delete your account. Investors now have no way of proving they have an account with the platform.
FxBit-Incom furnishes members with four different accounts. These include Bronze, Silver, Gold, and Platinum. However, you will notice a grammar error with the words Platinum and silver on the account description.
Here’s a closer look at each of these account types;
Bronze
For Bronze account holders, there’s a minimum acceptable deposit of $500. In addition, members get a promise of earning 5 percent ROI every week for five consecutive weeks. After that, you get 30 percent profit plus your initial capital.
Silver
There’s a minimum investment option of $3,000 with the silver account. The account promises a lifetime return of 0.2 percent. Every day, you get this ROI, which is marginal at best and doesn’t make sense.
Gold
You get a promise of making a 5 percent ROI every week for 40 weeks straight. The minimum acceptable deposit with this account is $5,000. In addition, you get a promise of making a total of 200 percent ROI on your investment.
Platinum
It has the same ROI margin as the gold account, 5 percent. You have to make a minimum investment amount of $10,000 to get started. The vesting period is 25 days and guarantees making a one-time profit of 125 percent.
We have to question the intent of this platform based on the account features. As the platform promises hard-to-manage guarantees, it’s clear these are false promises. No one gets even to have a taste of the initial investment.
Once you deposit funds with the platform, that’s the last you will hear from the store. And this is what makes the platform a joke to investors. No expert or robot can manage to earn this high ROI.
With the volatile markets, there’s no way of making a guarantee. Once you see a platform making guarantees, that should be your first red flag. All these are attempts by the platform to try and have more investors sign up.
The platform promises five trading assets. And this raises the question, when do clients or members get to trade? These accounts give the platform access to your investment. The platform has total control of your account, with member trading unavailable.
There are five classes of trading instruments listed on the platform. These include commodities, crypto, forex, indices, and stocks. You get to trade commodities such as crude oil and natural gas.
Crypto assets include leading cryptos paired against major currencies. These digital currencies include Bitcoin, Doge, Ethereum, Litecoin, Ripple, and more. It’s a volatile market making it a perfect place to earn profit.
Forex trading also happens to be the center of the platform’s activities. The platform avails major and minor currency pairs. Thanks to spreading risks with currencies, it’s a perfect way for day traders to profit.
Indices help investors make the decisions that affect global prices. You get to trade in the international arena thanks to indices such as DAX, Dow Jones, Nikkei, and more. These are game-changing indices that allow day traders to trade daily.
Stock trading also happens to be one of the biggest trading activities in the markets. You get to trade shares of leading companies from all over the world. Some of these companies include those from the FAANG group.
On the about us page, Cynthia Dixon is named the Chief Executive Officer. Arthur Parker is the executive assistant, while Evelyn Mason is the marketing specialist. None of these people appear on any job boards of professionals.
We are sure these are stock images whose owners don’t know their faces are on a scam platform. These are the red flags most investors will fail to spot with such platforms. Investors are only interested in the bottom line.
You shouldn’t expect any support from staff members. The chatbox only takes your personal information that the platform uses for later. Your information is later sold to marketing companies for email campaigns.
FX Bit-Incom doesn’t have your safety at heart. The platform fails to segregate accounts as dictated by trading regulations. As a result, we have a platform that fails to offer meaningful investment opportunities.
FxBit-Incom is a platform facing a warning from the Financial Conduct Authority. It's reason enough to leave the platform and ignore all their empty promises. You will likely lose funds with the platform.
Ignore the platform or risk losing your investment with the platform.
You need to invest wisely with proven investment options. These are the best ways to invest.
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