Bit Markets IO is an unlicensed Crypto Currency Broker, that first opened in July of 2017. They have now disappeared and their website does not work.
For complaints or withdrawal problems, read this.
Bit-Markets Review
Bit Markets gives investors an easy to use trading software, which was developed by the Finantick company. The software is 100% web based and they offer CFD trading on a variety of Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum, NXT, REP, ZEC and STR.
Spreads on BTCUSD is a massive $500 wide. Four account types are shown, with the minimum deposit requirement starting at $250 for the smallest account.
We see that they are offering bonus money of 50% – 100%, but if would read their terms and conditions page you will see “Bonuses are only available for withdrawal after trading 30 times the deposited amount + the bonus value”. Bonus money is a major cause for complaints among investors that want to withdraw their funds, read why.
Get Rich Quick Crypto Scams
Hundreds of “Get Rich Quick” scams focused on Crypto Currency trading, are now permeating the online world. Systems which go by the name Bitcoin Code, and Bitcoin Revolution promise to make money for you, but they don’t actually work.
Educate yourself on how the scams operate, before you become the next victim, read more here.
Is Bit Markets IO Legit?
No, Bit Markets is not a licensed broker. They previously claimed to be owned by; Amberfell Today LP, 39/5 Granton Crescent, Edinburgh, EH5 1BN, Scotland, United Kingdom. Bit-Markets is now owned by a company called; Strong Momentum LLC, and based in Saint Vincent and the Grenadines. Contact phone number is in Lithuania: +37038642005, and their contact email address is: [email protected]. Official website is: https://www.bit-market.io/.
When the Scam Broker Investigator researches a new Forex / Crypto trading broker to determine if they are a scam or legitimate broker, we check for a valid brokers license. Legitimate brokers will be licensed in the United Kingdom by the FCA or in Australia by ASIC.
Crypto Currency investors, can find many brokers that are licensed and regulated just go look here.
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If you are currently investing with Bit Markets io, please share your experience with other investors in the comment section below.