Website – https://main-bit.com/
Address – 200 King Street West Toronto, ON M5H 3T4, Canada & Furttalstrasse 3, Zurich 8046, Switzerland & Brookfield Court Selby Road, Leeds LS25 1NB United Kingdom
Warned By – Ontario securities Commission (Canada), Financial Conduct Authority (United Kingdom), Swiss Financial Market Supervisory Authority (Switzerland)
Read the Main Bit review and know why we put this broker on the list of scam brokers.
Main Bit Review: Introduction
Main Bit is an online trading platform that promises to be a life-changing experience for our retail and personal investors. It is established in 2015, and its headquarter is located in the United Kingdom. Main Bit has two more offices in Switzerland and Canada. The website of the company is https://main-bit.com/. They can be contacted by phone at +14503053264 or by email at [email protected].
MainBit claims to be a regulated and trustworthy broker by the several claims and offers mentioned on its website. But in reality, it is a scam broker that steals customers’ money. They also received several warnings from the regulated authority of the Ontario securities Commission (Canada), Financial Conduct Authority (United Kingdom), Swiss Financial Market Supervisory Authority (Switzerland).
They claim that they provide not only crypto assets but also offers, stocks, forex indices, and commodities. But when we check the information, we found that all these claims are false. Main Bit is an unregulated and unreliable broker and is possibly involved in scam activities. Read a complete Main Bit review to learn more about this broker.
Main Bit Review: Regulation
A regulation license is an essential key factor for the legitimate broker because without a regulated license broker is not legit to provide financial services in the forex market. Main Bit crypto does not provide any information about its regulation on its website and also got a warning from the regulatory authority of the United Kingdom – the Financial Conduct Authority (FCA). They also got warnings from the Canada – Ontario Securities Commission (OSC) and Swiss Financial Market Supervisory Authority (FINMA) regulatory authority and were blacklisted by them. It’s a clear sign that Main Bit is an unregulated scam broker, and it is not safe for trading.
How does the Main Bit scam work?
Online frauds start when inexperienced and novice traders hunt for an online trading platform. The majority of investors have no experience trading on the forex market. Therefore scam brokers have a good chance of taking money from them. Similar strategies are employed by the Main Bit broker scam. Social media and internet marketing are used by scammers to reach victims and solicit their financial support. They allegedly promised to double or enhance your investment.
When you finish the signup process, do a Mainbit login, and invest your money there, they will continually ask for more money after some time. It’s too late when investors learn they were taken advantage of by dishonest brokers and lost all of their money on a phony trading platform.
Main Bit Review: Trading Platform
Main Bit offers a weak web trader trading platform that enables the client to carry out some fundamental TA. However, none of the complex features—including automated trading and many other features—of something like industry-standard MT5 are accessible.
Legitimate brokers offer one of the most popular trading platforms Metatrader 5. The software has many advantages over its rivals, including a wide variety of technical analysis capabilities. However, the automatic trading that MT5 offers access to be what gives it the edge. This feature enables the trader to make use of trading bots called Expert Advisers, which can be purchased and sold on the platform’s marketplace.
Customer Review and Ratings
The most crucial consideration for all traders looking for an online trading platform is reading client reviews. We can observe that the Main Bit broker received poor ratings and unfavorable reviews across all websites. We discovered that this broker is dishonest and may be involved in fraud after reading this review and all the positive and negative Main Bit ratings.
We looked closely at the Main Bit broker’s online operations and other fraudulent aspects; thus we decided to include this broker on our list of shady brokers for 2022.
Main Bit Review: Conclusion
If you are a victim of the Main Bit scam or forex scam, cryptocurrency scam, investment scam, or any other online scam, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.
We hope this Main Bit Review is helpful. If you feel you are scammed – Report a complaint here
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