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• Our Review Method

• Is Bitex360 Scam or Legit Broker?

• What is Bitex360?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Bitex360 due to the issues we've identified.

Is Bitex360 Scam or Legit Broker? ▲

Upon extensive examination, it has been unequivocally determined that Bitex360 falls into the category of a fraudulent entity. The brokerage, which is incorporated offshore, lacks any form of authorization from a credible and renowned financial regulatory body. It is categorically NOT SAFE to engage in trading activities with Bitex360. We strongly discourage involvement with any offshore brokers, as the financial services they offer are devoid of reliability. The rationale behind this stance is straightforward: although the broker may advertise appealing trading conditions, there is a complete absence of assurance from the official bodies responsible for regulating the Forex industry.

• Registered in: Marshall Islands

• Type of License: Offshore License

• Is Bitex360 safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

What is Bitex360? ▲

Bitex360 represents an offshore forex brokerage entity, under the ownership of Km Media Ltd, and is registered in the Marshall Islands with a license from the Banking Commission of Marshall Islands. Despite its claims of being based in the UK, evidenced by the provision of a UK phone number on its website, there exists no verifiable documentation to affirm its authorization within the UK.

The risk associated with engaging a broker possessing a Marshall Islands license is significant, given the mere requirement of USD 2,000 to acquire such a license. This stands in stark contrast to the stringent licensing conditions in the UK, enforced by the Financial Conduct Authority, which demands USD 50,000 for a license, in addition to a USD 100,000 capital reserve for the STP license, exclusive of client deposits. Moreover, securing an Italian trading license with CONSOB necessitates a corporate capital of EUR 50,000.

Conclusion ▲

Our comprehensive analysis strongly advises all investors and traders to steer clear of Bitex360, as well as other Marshall Islands-based brokers. It is imperative for traders to seek out brokers that are thoroughly regulated, such as those in the UK or Australia.

Bitex360 Update:

• Recent findings have revealed that the Bitex360 website is currently inactive, casting uncertainty on whether the broker has either rebranded to continue its fraudulent Forex activities under a new guise or has ceased operations altogether. We urge caution and recommend avoiding any offers from Bitex360, while remaining vigilant for any potential proposals.