- Company name: Km Media Ltd.
- Registration/license: Marshall Islands
- Registration/license requirement: $2,000
Is Bitex360 a regulated forex broker or a scam?
no, Bitex360 broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
Bitex360 is owned by the Km Media Ltd. It is an offshore forex broker registered in the Marshall Islands with a Banking Commission of Marshall Islands license. The brokerage claims to be located in the UK (website provides UK’s phone number as their office number), but there are no records that it’s authorized in the UK. Dealing with a broker which has a Marshall Islands license is risky as it only takes USD 2,000 to get one. Comparing the license from UK’s Financial Conduct Authority, that costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits. In case, of obtaining Italian trading license with the CONSOB, the company would need to have EUR 50,000 of corporate capital.
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