Is Rangebits scam or Legit? – ScamHelpers Investigation shows that it is a scam.
Why Rangebits is a scam?
Rangebits is now included on the UK regulator FCA’s warning list.
The Financial Conduct Authority put out a warning about Rangebits after finding out that this broker might be offering illegal financial services in the UK.
Rangebits has been labeled an unlicensed broker because it doesn’t say anything about its licensing status. This is common for unlicensed brokers since licensed brokers always put their credentials in a prominent place.
Rangebits is purportedly headquartered at 1 Lancelot Parade, Lancelot Road, Wembley, HA0 2AJ. Thus, the Financial Conduct Authority will oversee this broker’s activities. But when we looked it up in the FCA, we discovered the FCA had designated it as an unlawful firm.
In actuality, there are no regulatory bodies that oversee Rangebits. It is risky to allow this broker to hold or handle investors’ money, and there is no legal safeguard for that money. As a result, it is a fraud.
If you are scammed by Rangebits broker, you can file a complaint in the complaint form on top. You can also share your experience with the broker as a comment.