BrokersView has reviewed that BIB is an unregulated broker BIB claims to be operated by Adwise Trading Inc., founded in the British Virgin Islands (BVI), registered with the Financial Crimes Enforcement Network (FinCEN) under MSB number 31000219137978 and with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under MSB number M23645377. Although we did verify that its MSB licenses are valid, it is important to note that a broker soliciting investors in derivatives markets in the US is required to be a member of the National Futures Authority (NFA), and be authorized by the Investment Industry Regulatory Organization of Canada (IIROC) if in Canada. However, we searched the agencies' registries and found no records supporting this broker's legitimacy in trading derivatives. To put it simply, the MSB licenses cannot prove that BIB is qualified and authorized to offer services or products in derivatives markets. Given its claim to be founded in BVI, we searched the registry of British Virgin Islands Financial Services Commission (BVI FSC) for this broker, the local financial regulator, but found no matching records. In essence, BIB is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

How's BIB Exchange? Dear Investor, We do not recommend trading on BIB Exchange due to significant regulatory concerns. While the platform claims to be a cryptocurrency exchange and displays a U.S. MSB License No. 31000219137978, our investigation of the Financial Crimes Enforcement Network (FinCEN) database yielded no records for this license number or any entity associated with BIB Group. Furthermore, it is important to note that FinCEN is primarily an anti-money laundering (AML) and financial crime enforcement agency, not a regulatory body that oversees or authorizes actual trading activities. Therefore, BIB Exchange lacks legitimate regulatory authorization and provides no security for your funds. We strongly advise you to avoid engaging in any transactions with this platform to protect your financial security. View Source