✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Trustbit is a safe company or an untrustworthy company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Trustbit and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websitetrustbit.trade
🏠 CompanyDoes not mention it
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 AddressUnknown
🕑 Website ageWebsite registered on: March 21, 2023
Company typeCFD and ETF Broker

Company: Trustbit does not mention which company it belongs to. Be very careful, we noticed a clear lack of transparency.

Location: Trustbit does not mention where it is located, trusting a company that does not mention where it is located is very dangerous, please be careful.

We can already tell you that we are concerned about several characteristics of this company.

What is Trustbit?

After having carried out an analysis of the company's website, we can say that Trustbit is a: CFD and ETF broker.

Account types

The platform offers 5 different types of accounts:

account typeminimum initial deposit
Trial€250
Classic€1,000
Gold€25,000
Platinum€100,000
VIP€500,000

Information on the web

Trustbit website

Here we show you a screenshot of the Trustbit website, which is trustbit.trade. The capture was made in December 2023.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following email: [email protected]

Trustbit Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Trustbit Final Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Trustbit and we have reached the following conclusions about this company:

Location: It is not mentioned where it is located.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been reported by different financial regulators (in this case the FCA, the UK regulator). Use EXTREME CAUTION.

This company does not mention which company it is part of, please be careful, there is a clear lack of seriousness and transparency.

Trustbit raises significant concerns in terms of security and transparency. First, their lack of disclosure about their location raises red flags, as transparency in this regard is crucial to establishing the legitimacy and accountability of a financial entity. Opacity regarding location may suggest a lack of commitment to clear rules and regulations, which should be cause for caution for any investor.

Another disturbing aspect is the absence of information about its regulation. Regulation is essential in the financial world to protect the interests of investors and ensure that companies operate ethically and safely. In this case, the lack of regulatory details indicates that Trustbit may be an unregulated company, which implies greater risk for those who rely on its services. The absence of a regulatory entity can translate into a lack of oversight, exposing investors to potentially questionable business practices.

Furthermore, the complaint by financial regulators, such as Belgium's FSMA, adds an additional level of concern. Complaints of this type indicate that the company has come to the attention of authorities for potentially harmful practices or regulatory violations. Investors should be aware of this history when considering any type of transaction with Trustbit, as it could indicate a significant risk of fraud or financial mismanagement. In short, the lack of transparency, regulation, and complaints from regulatory bodies make Trustbit an unsafe option for those looking to participate in CFD and ETF trading.

Updates

Trustbit news:

Date Update – news
November 2023Complaint against Trustbit financial regulator FSMA

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9078 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Trustbit.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Trustbit

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Trustbit

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Trustbit?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Trustbit?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Trustbit trustworthy?

No, Trustbit raises trustworthiness concerns due to its lack of location transparency, lack of stated regulation, and complaints from financial regulators such as Belgium's FSMA. Caution is advised when considering this platform and exploring more transparent and regulated options for safe investments.

How to recover money from Trustbit?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Trustbit: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Lian Reply

    This company will not let you withdraw. I assure you, they didn't let me withdraw, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi Lian, thanks for writing about Trustbit. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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