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Broker violations and abnormal records
- Jan 05, 2026 The BaFin issues a warning against Bit500
On Jan 06, 2026, the Federal Financial Supervisory Authority (BaFin) issued a warning against Bit500 for lacking the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/neu/meldung_2025_12_12_bit500_en.html
On Jan 06, 2026, the Federal Financial Supervisory Authority (BaFin) issued a warning against Bit500 for lacking the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/neu/meldung_2025_12_12_bit500_en.html
- Jan 11, 2026 BrokersView has reviewed that SmartsTradesGlobal.com is an unregulated broker
According to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). Additionally, the Federal Financial Supervisory Authority (BaFin) issued a warning against Bit500 for not having the required authorization.
In fact, Bit500 is not regulated by any authority. Therefore, Bit500 is a scam. 
According to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). Additionally, the Federal Financial Supervisory Authority (BaFin) issued a warning against Bit500 for not having the required authorization.
In fact, Bit500 is not regulated by any authority. Therefore, Bit500 is a scam.
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