Reported as a scam / unregulated
Why FXTRADEBIT is on the register
According to its website, FXTRADEBIT claims to provide trading services such as foreign exchange, stock indexes, precious metals, and cryptocurrencies. It is operated by Fxtradebit Ltd and is headquartered in Cayman. It claims to have supervision in 6 jurisdictions, but no specific regulatory information has been released for users to verify. Upon investigation, there have no matching information was found in the Cayman Islands Monetary Authority(CIMA). The truth is that FXTRADEBIT is not regulated by any regulator. Letting it hold or contorl investors’ money is unsafe, and the money can not be protected by any laws. Therefore, FXTRADEBIT is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.