fair bit review

Read our Fair Bit review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a fair-bit.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Fair Bit is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Fair Bit in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Fair Bit Review Conclusions

Making the Fair Bit review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Fair Bit review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

REVIEW OVERVIEW
fair bit review
fair-bit-review-fair-bit-com-is-a-scamRead our Fair Bit review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a fair-bit.com review. Who are they? After taking a look at their website, it shows that they do not fall under any...

7 COMMENTS

  1. My dad has just lost 35,000 AUD dollars of his retirement funds.
    This is a huge scam !! They convinced him to invest more money. Told him that he would get his money back .. but never ever did !
    Shame in these scum bags !

  2. SCAN SCAM SCAM
    broker name: Kevin Marshall
    Kevin Marshall
    Senior Crypto Specialist
    Phone: 4-203-807-8409
    Email: [email protected]
    Web: http://www.fair-bit.com

    I have opened account with – Ross Malone
    Senior Crypto Specialist
    Tel: 442038078409
    Email : [email protected]
    Web Address: https://www.fair-bit.com/#/

    Support E-mail: [email protected]
    I have been communicated with Kevin Since May and seems genuine but all what he did took £3000 of me and now my account disappeared and he is not answering any emails in fact each email been bounced back, they website (domain) doesn`t work neither….AVOID THEM, SCAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Rating: 1
  3. I have been scammed out of all my savings by richard Green, Max? and AdamLax.They sucked me into their evil world with their smooth talking.Left me feeling a complete idiot.Don`t believe a word they say. It`s all lies. People like this should be punished, but they are clever, and get away with murder.

  4. Please Audrey contact me and other people we can fight back and its same situation with me. Jennifer Vidal Adam Lax its all scam. HUGE AMOUNTS of loss!! Need a way out to get money back

  5. I can confirm that the entire Fair-Bit Pro structure is a scam lead by Richard Green and Mike Dansky, Same story as with others, with initial successful transactions, sudden unexpected Tax Implications etc. and finally complete breakdown of communication. Unavailable and no request for withdrawal is processed. If someone knows a way to identify and locate them or is interested to join me in funding a private agency to trace them using their IP Address etc. contact me at [email protected]

    Rating: 1
  6. I have lost alot of money through fairbit. All the money I deposited was through Coinbase. Is there any way
    of trying to get money back from this. I have a complete tranaction history with bitcoin wallet addresses
    Thanks

    John

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