Bitex360 Review

Is Bitex360 Scam or Legit Broker?

Bitex360 is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade with Bitex360. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise competitive trading conditions, yet there is no guarantee from the official entities that oversee the Forex industry. 

What is Bitex360?

Bitex360 is owned by 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 (the 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 the UK’s Financial Conduct Authority, which costs USD 50,000 and also needs USD 100,000 of capital for the STP license (Check out STP forex brokers) aside from client deposits. On the other hand, to obtain an Italian trading license with CONSOB, the company would need to have EUR 50,000 of corporate capital.

Bitex360 Review Conclusion 

We advise all investors and traders to avoid Bitex360 and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

Bitex360 Update

Our research showed that Bitex360 Website is inactive. It is unclear whether the broker has changed its name and operates another fraud Forex activity or is just gone. We recommend avoiding any proposals from Bitex360 and staying alert in case of any proposals.