Broker FinBitus: The Black Sheep Is Not White at All
FinBitus presents itself as a conduit of the popular global holding Global Limited Group – one of the leaders in online trading and investments. The broker’s website promises clients the opportunity to earn on financial markets and create passive income. Users also have the option to entrust their assets to experienced traders while retaining control over their actions.
According to the company, it has the recognition of thousands of investors with a profitability of 160% per year. The official website finbitus.com only supports the Russian language, which is surprising for a company claiming to be of global scale.
There is no information available about the team members of FinBitus. The creators and project leaders remain unknown. The launch date of the company is undisclosed. Confirmation of FinBitus’ official registration is not available as there is no supporting documentation or information on this platform. The contact information lists British and Russian addresses. It is unclear which one is the actual or legal address.
Licenses and agreements with regulators are absent on the resource. At the same time, the broker claims to have permissions from international regulators such as CySec, MiFID, Ernst & Young, and IFSC.
Trading Conditions of Fin Bitus
It is unclear what terminal is used for trading on FinBitus. Initially, the broker claims the ability to customize its simple and convenient platform to meet the individual needs of each trader. Then, it points out the need to install the UTIP Trader application to utilize all the features of financial markets and manage the trading account.
Over 1,000 popular global assets are available for clients to earn, including securities, commodities, goods, stock indices, currency pairs, CFDs, and others.
There are no trading accounts for independent trading on the platform – only one master account of the manager, which, according to Fin Bitus data, combines the best aspects of PAMM, LAMM, and MAMM technologies. The minimum investment amount is 10 USD. There is no information available about the presence of a demo account on the platform.
Account Funding and Withdrawal from “Fin Bitus”
Available payment methods are presented with logos in the footer of the website.
This is all the information available about the financial policy of the project. Details of financial operations on the platform, including application submission deadlines and procedures for withdrawals, minimum amounts, and fund crediting algorithms upon withdrawal, are not disclosed by the company.
Conclusion
Is it worth collaborating with a broker that does not provide official documents, maintains anonymity, does not disclose information about trading conditions and financial operations? Reviews from real clients will help clarify. They will make the mediator’s work and adherence to its promises to traders clear.