In this review of cmcbits.com, we explain why this broker is running an investment scam that you should avoid.

CMCBits is so bad that they’re currently on the Canadian securities watchlist for scamming investors.

The scam broker is the subject of many negative reviews and complaints online.

For that reason, we’ve written this review with the intention of educating and also helping you recover your lost funds (if you’re a victim).

If you’re looking for a broker you can trust, this list of recommended investment platforms will be convenient for your trading and investment needs:

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CMCBits Broker Review: Not legit but a scam

This broker is operating anonymously from a offshore location but targeting victims worldwide.

Their mode of operation is similar to that of Cryptgain, JP Crypto and FTM Trade.

The broker has refused to disclose ownership details yet they claim that they want to help you invest your funds safely.

Lack of transparency is the biggest setback for this broker. The only reason that CMCBits is able to trap traders and investors is because they have a very experienced sales team.

The salesmen know the right language for attracting victims. This is why the scam will collect personal details such as your phone number for purposes of calling you to invest.

If you fall for their trick, you will definitely lose your money.

CMCBits Broker review: not a licensed entity

Apart from operating in an offshore location, the broker is also not licensed or supervised by any financial authority.

Offshore brokers operating without a license pose a great risk to traders all across the world.

Their agenda is to steal funds and this is why they are not licensed in the first place.

In addition to this, you can never trust a broker like CMCBits because there’s no guarantee that they’ll be here tomorrow.

Now that they’re being watched keenly by the authorities, chances are that the scammers will close down the website and disappear with investors’s funds. Nothing is stopping them.

Fake reviews about CMCBits broker

The broker invested in fake positive reviews to gain public trust. They also created a profile on the fake reputation management website called Trustpilot.

They are or used to pay in order for Trustpilot to pull down negative reviews in favor of positive ones.

This is how the scammers managed to convince victims and fleece them of their hard-earned money.

The Conclusion of this broker review

Avoid a broker like CMC Bits because it is 100% guaranteed that they will steal your funds.

In has also been reported from various sources that they provide the worst trading experience.

These crooks are in fact daring. They don’t care about their clients. All they care about is how they can steal funds.

Thanks for reading this review.

Note: The website is currently restricted from use in certain countries. But this does not mean the crooks have stopped stealing funds. Thank you.