BrokersView has Reviewed that BidAskBit is an Unregulated Broker BidAskBit claims to be marketed and operated by ACE HOLDINGS LIMITED with authorization number 13403160. One thing that the company forgot to mention is by which authority and in which country it is supposedly licensed – and since we were not provided with any sort of address either, we were unable to figure out which register we should check. The truth is that BidAskBit is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.