The CONSOB blacklists Bitmatic On September 25, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Bitmatic's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-25-september-2024/718268

BrokersView has reviewed that Bitmatic is an unregulated broker Bitmatic doesn't provide any valid licensing information to demonstrate its legitimacy. While it claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA).In addition, the website of Bitmatic has been blacklisted by the Italian Companies and Exchange Commission (CONSOB) for operating in Italy illegally.In essence, Bitmatic is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Bitmatic appears to be a scam.

BrokersView has identified that Bitmatic's website is currently offline BrokersView found that the domain "https://maticbit.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Is this site safe to invest in? Bitmatic, maticbit.com Dear Investor,Bitmatic is not safe to trade with, as we have concerns that the site is involved in an investment scam.The lack of valid regulatory information is a significant red flag. Although the company claims to have an office in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). Additionally, Bitmatic's website has been blacklisted by the Italian Companies and Exchange Commission (CONSOB) for operating illegally in Italy.Given that Bitmatic is not regulated, we strongly advise you to avoid using their services. For a safer trading environment and peace of mind, we recommend opting for fully regulated brokers. View Source

Bitmatic - operating supposedly under CYsec regulations from Limassol Cyprus- website: maticbit.com I asked to close my account with this broker & have the credit balance in my account credited to my bank account as I was unhappy with the broker support & had become suspicious having read reviews about the company. I signed a contract with van Cato (email address Adam.c@maticbit.com) which was countersigned by him giving an address in Limassol, Cyprus. In the terms of this contract I was required to pay a withdrawal fee for the privilege of withdrawing my funds - which would then be credited to my account within 5 working days of receipt of that withdrawal fee. That fee was paid on 25th October but no funds have yet been credited to my account. There is now no response to emails to the broker & the contact /messaging details provided on the trading platform do not work. The same is true of the contact telephone number provided on the platform & the Uk address appears to be false. View Source