This blog post examines the claims against BITEQS, the warnings from financial authorities, and why potential investors should be cautious when dealing with this broker.
Basic Details for BITEQS
Website: https://biteqs.org/; biteqs.com
Website Availability: YES
Official Address: NA
Regulation: Unregulated
Warned By: Financial Market Authority (Austria), Australian Securities and Investments Commission (Australia)
Domain Status
What is BITEQS?
According to its website, BITEQS is an online trading platform that provides access to a range of financial markets, such as equities, cryptocurrencies, and FX. The company claims to offer cutting-edge technology, competitive spreads, and an intuitive user interface on its website, biteqs.org. But these assertions are frequently just sales tricks employed by dishonest brokers to entice gullible clients.
Even with its sophisticated website, BITEQS withholds information about its regulatory standing. While respectable brokers are happy to show off their licenses, BITEQS operates in a grey regulatory area, which raises questions over the security and safety of the money that its consumers entrust to them.
FMA and ASIC Warned Against BITEQS
Public advisories against BITEQS have been released by the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) of New Zealand. These authorities are in charge of guarding customers against financial fraud, and their warnings suggest that BITEQS is operating without the required authorization and perhaps breaking the law.
The company is being warned by the FMA for providing financial services without the necessary authorization, and ASIC has reported the company for making false claims and not adhering to Australian financial legislation. Alerts from these respectable organizations are serious warning signs that BITEQS is a risky platform.
BITEQS Review – Conclusion
Based on many factors explained above we have finally concluded that BITEQS is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to BITEQS fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from BITEQS .
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Note: The BITEQS review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring BITEQS company.