FairBitPro is an unlicensed Forex Broker, that opened on December 30th 2019. As of November 2021, their website is no longer working.
For withdrawal problems and complaints read this.
FairBitPro Brokers Review
While reviewing this new broker FairBit Pro, we saw that they have all the popular underlying assets for CFD trading on Forex, Market Indexes, Crypto Currency, Gold, Silver and Commodities. You will see that they only have the PandaTS trading app, without MetaTrader 4 or any mobile trading apps.
Newbie CFD investors must know the difference between trading and investing. People using a CFD (Contracts for Difference) broker, are simply trading and looking to profit from the underlying assets price movement. You do not actually own the underlying asset or currency.
FairBitPro makes no mention on their website of different account types, but usually the minimum deposit at “Get Rich Quick” broker is $250. Either way, you will receive plenty of phone calls from their salesmen asking for a bigger investment.
Look here, to see what licensed brokers offer!
Algorithm Trading App
Newbie investors usually get hooked on investing via a trading app. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast.
Take a few minutes and educate yourself on the pitfalls of using an automated trading app, read this.
Is FairBitPro a Legit Broker?
No, FairBitPro is not a licensed CFD broker, and does not have any Financial Market Supervision license. Crypto CFD brokers in Australia must be licensed and regulated by ASIC, like brokers in the UK, which are regulated by the FCA. On August 4th, the FCA warned investors that this broker is a scam, read more.
Brokers that offer investing or trading on Crypto Currencies, Shares or Forex is considered an investment service, which means they are required to have a license from your governments regulator. The difference between a licensed broker and an unlicensed broker is; who will insure your money when the broker goes out of business? Read more.
FairBit Pro is owned and operated by; Gama Solutions Ltd, and located at: P.O Box 1510, Griffith Corporate Center, Beachmont, Kingstown, Saint Vincent and the Grenadines.
Fair-Bit.com was owned and managed by; Frixty s.r.o. (reg num 07753454) and located at: Tržiště 372/1, Prague 1, 118 00 Prague, Czech Republic. Contact phone numbers in United Kingdom is: +442038078409, and in Australia: +61283116641. Customer support email address is: [email protected].
Official website was at: fair-bit.com, and is now at https://www.fairbit-pro.com.
Compare Licensed Brokers
You know, you can choose from more than one hundred licensed Forex brokers! Have a look at these popular licensed Forex brokers.
ForTrade is the fastest growing CFD broker, and they are regulated by the FCA in United Kingdom, IIROC Canada and ASIC Australia, see here.
Try a Free Demo Account on their amazing trading platform, signup here.
Current investors at FairBit Pro are asked to leave their personal review, in the comments below.