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Bit Wise
Regulators:
No, Bit Wise is not a legitimate broker.
Bit Wise claims to operate in the UK, US, and Switzerland but lacks the necessary regulatory proof, raising concerns about its legitimacy. Its absence from the financial regulators' lists in these countries suggests it may operate without proper oversight. Furthermore, the Federal Financial Supervisory Authority (BaFin) has issued a warning that Bit Wise conducts unauthorized banking and financial services and is not supervised by them. This warning provides compelling evidence of the broker's non-compliance.
Given these circumstances, Bit Wise cannot be considered a safe trading environment for its customers. Investors risk losing their funds to this potentially fraudulent platform without any effective means of obtaining a refund. Therefore, it is strongly advised to avoid unlicensed brokers like Bit Wise and instead opt for fully regulated ones.
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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.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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