Bit Finance Review

Read our Bit Finance review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an 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 Bit Finance 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 Bit Finance 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. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

Bit Finance Review Conclusions

Making the Bit Finance 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 Bit Finance 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] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Was this article helpful?


  1. Absolutely scam and fraud. DO NOT believe anything else written about them because definitely it’s fake.
    I personally was scammed for thousands with them over the last couple of months. They will send you back your first small profit to convince you they’re legit then keep asking for more money and I was never able to withdraw anything back till now. I lost all my money!

  2. I signed for trading very first time in my life on, just last week. I had a positive balance $358.00, then suddenly it went to negative $792 in 5 minutes. One SWAP was for $1030 and many others $0.0. I was told that this was because it was over several days, but trade was made this morning. Please be advised that it is a fraudulent site who will use you to make a profit for them and then keep the money for themselves. I have PDF files of everything I did to support my story. I told them that I was going to commissioner to claim my money, after that they offer the refund of $250US.

  3. The proprietors and call staff of this illegitimate organization should be arrested. Claims to be brokers. Does not respect GDPR and privacy legislation. The caller said “I do give a flying f**k” about privacy).

  4. Horrible company. Very poor customer service. Unregulated scammers who prey on the elderly. Worst of the worst. Stay away.

  5. I too have invested in this scam. Any ideas of how I can get money back? I have requested a refund. Fat chance I will get it by the reviews I have read. So any other ideas would be appreciated ?

  6. Full scam I tried to get a hold of someone with no success was scammed by this company. So sad that they can do this to hard working people

  7. Fraud company I lost my money no one calls you back. You send a message through the fake customer service icon in the app and no one there. Do not invest with us company. At least some of you got your money back very lucky.

  8. STAY AWAY, STAY AWAY, STAY AWAY!!!!!!!!!!!!!!11
    This company needs to be stopped as soon as possible. They scammed me out of thousands of dollars and even scammed me last minute when they said they would release funds for the discounted amount I sent them to release funds. Everyone I have talked to in this comany and been nothing but a fraud.

  9. I believed in it, they talked a good talk, but not no replies from the broker. I lost thousands of dollars. Actually a scam, do not put money into their hands.

  10. Absolute scam. I invested with them. Min 250 euros and everything didnt go right from beginning but I Carried on … My senior financial guy would not answer any of my emails. In fact I ended up blocked. I tried multiple times to withdrawal only to find out my banking info was not correct. Overall a very disappointing expieence. As far as I know ubs has taken them over. Maybe now the will have rules to follow.

  11. never step into bit finance …they don’t pay..they dont deserve even one star at all…you can see your money grow..but you can’t withdrawl…..SCAM SCAM SCAM

  12. This is a big SCAM. I lost 1000$ in a deposit and they close the account. The financial advisor was David Wood feom Switzerland. Do not invest a penny you will loose it. They use a fake platform to show you how your investment progress but it is a fake,
    Do not trust them at all they are thieves and scammer.

  13. These guys and gals should be shot…hung…and pissed on…as the thieves and scammers that they are. Yes you Ms Mia Kramer ( if that is your real name ) and ESPECIALLY that BIG MOUTH George Diamanti…. I’m STILL WAITING for my refunds but the bastards won’t come out of the closet…. Well people…. SHOW ME THE MONEY !!!… you can etransfer the $250 US to my personal email ([email protected]) which you should already have….The WORLD is watching… why don’t you ALL fess up and do the right thing ?????

  14. Hi,

    Im Cst Frenette, with the RCMP in Alberta. We are currently investigating, and would like to obtain more information. HOpefully, you will read this review and contact me. Contact the Banff RCMP, in Alberta and ask Cst Frenette. If you’ve been a victim, do it.


  16. These are thieves don’t trust them… first these people talk about investment.. Invest $200 dollars you will get 2600$ dollars..

  17. After a very long period of time I was able to get my funds back it’s funny how they accepted their faults and have suddenly turned a new leaf, I think they are up to something……
    I also just noticed that they have a verified telegram support

  18. I got called a few days ago and got suprisingly with such a huge amount on my PayPal balance, I sure hope they don’t hack it haha
    But on a more serious notice, I am still shocked as I got a mail receipt from them showing they had sent my profit as agreed


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