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BuyBitFX

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Risk Level - High

Scam Evidence & Warnings

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The UK regulator FCA issued a warning against BuyBitFX The Financial Conduct Authority (FCA) issued a warning against BuyBitFX on Mar 24, 2023 after finding it providing financial products or services in the UK without authorization: https://www.fca.org.uk/news/warnings/buybitfx

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BrokersView has reviewed that BuyBitFX is an unregulated broker BuyBitFX claims to be regulated by three regulators, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Services Conduct Authority (FSCA). However, our search for this broker in the above-mentioned regulators' registries did not yield any results. In addition, the FCA has issued a warning against BuyBitFX, believing it might be providing financial products or services in the UK without authorization.The truth is, BuyBitFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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BrokersView has identified that BuyBitFX's website is currently offline BrokersView found that the domain "https://buybitfx.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.

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