Warning: Is Yorkbit a Scam?

Investigation: Yorkbit (yorkbit.com)

Be careful of Yorkbit (yorkbit.com); it shows multiple signs of a scam.

We found that it is located at 25 Canada Square, Canary Wharf, E14 5LB, London, United Kingdom, and the support email is support@yorkbit.com.

Yorkbit appears to be a trading provider, but it is unregulated by any top-tier financial regulator, like the ASIC or CySEC.

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Is Yorkbit Legit?

Yorkbit operates without supervision.

Trading with unlicensed brokers is very dangerous. Real firms are always registered with agencies like the FCA, CySEC, or CFTC to protect investors.

Yorkbit operates without this supervision. As a result, there is no safety net if they keep your money. Many online scams involve unregulated actors, and getting back money from them is difficult without professional assistance.

For instance, in Europe, unlicensed firms are not covered by the compensation schemes. In the US, they are not members of SIPC, so your capital is at risk.

Warning Signs of Yorkbit

Investment fraud is evolving. Criminals use social engineering to take your savings. Below are common methods used by brokers like Yorkbit (yorkbit.com).

The "Romance" Trap

"Pig Butchering" is a cruel method where scammers build trust over weeks. They fake a romance online. Eventually, they mention a secret crypto opportunity. It's a trap to lure you onto a fake platform .

Rigged Platforms

Scammers build websites that mimic legit trading apps. They have charts and profits that increase. But it is a simulation. The broker manipulates the numbers to convince you to deposit more. If you ask for a payout, the "profits" are gone.

Red Flags

• Cold Calling: They call you from "brokers" out of the blue.
• Unregulated: The company lacks legal registration.
• High Returns: They guarantee huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" first.
• Aggressive Sales: Agents push you to invest bigger amounts.

Ignore positive ratings. Scammers frequently write their own positive reviews to look legitimate.

Conclusion

Our verdict is to block Yorkbit. It appears to be a scam. Save your funds and use a regulated broker. Avoid yorkbit.com at all costs.