Warning: Is Bitefex a Scam?

Bitefex (bitefex.com) - Legit or Fraud?

Bitefex (bitefex.com) has been flagged as a probable illicit broker.

Bitefex claims to be a trading platform, but it appears currently not authorized by any top-tier commission, like the ASIC or CySEC.

Scammed by Bitefex?

If you believe you have been scammed by Bitefex, act immediately. Fill out the inquiry below to speak with our recovery team for a complimentary case evaluation.

Is Bitefex Safe?

Bitefex operates without oversight.

Trading with unregulated brokers is very risky. Legitimate firms are always licensed with bodies like the FINRA or FCA for your protection.

Bitefex operates without this supervision. This means there is no protection if they keep your funds. Most investment fraud involve unlicensed actors, and recovering money from them is hard without expert help.

For example, in the UK, unauthorized firms are not covered by the Financial Ombudsman. In the US, they are not members of regulatory bodies, meaning your money is at risk.

Warning Signs of Bitefex

Investment fraud is getting smarter. Scammers use psychological tricks to steal wealth. Below are common methods used by sites similar to Bitefex (bitefex.com).

Dating App Scams

The "Romance Scam" is a brutal tactic where scammers build trust over weeks. They fake a relationship on social media. Once trust is built, they introduce a special investment. It is a lie to get you onto a fake platform like Bitefex.

Rigged Platforms

Fraudsters create websites that mimic legit trading apps. You see graphs and balances that increase. But it is a game. The broker controls the numbers to convince you so you invest more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: They call you from "brokers" you don't know.
• Unregulated: The firm lacks legal registration.
• Guaranteed Profits: They promise huge profits or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents push you to deposit more.

Do not trust positive ratings. Fraudulent brokers often post their own 5-star reviews to appear real.

Final Thoughts

We do not recommend Bitefex. It appears to be a fraud. Protect your money and use a licensed broker. Avoid bitefex.com at all costs.