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Does BIT FX INVESTMENT regulated by any Asian regulator?
Ayodeji Ibrahim
Vietnam
2023-10-03
ANSWER No, BIT FX INVESTMENT is not regulated in Asia. In fact, it is an unlicensed platform and you should avoid it.BIT FX INVESTMENT claims to be a forex broker based in the UK but it does not have the approval of the Financial Conduct Authority (FCA), the regulator in this country. The FCA has alerted the public about the dangers involved, and has blacklisted BIT FX INVESTMENT as an unauthorized firm. You can refer to here for the full FCA warning.Basically, BIT FX INVESTMENT has no license from any authority. Investing with this broker is very risky, as there are no legal safeguards for the funds. If things go wrong or the firm goes out of business, its clients may not be able to recover their funds or get compensation from any official body, due to the lack of regulatory oversight. To avoid such a disaster, it is advised to opt for a fully regulated broker instead.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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