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The WikiFX Score of this broker is reduced because of too many complaints!

FITBELA EPRO

United Kingdom|2-5 years|
High potential risk|

https://www.fitbelaepro.com.tw/

Website

Rating Index

Contact

support@fitbelaepro.com
https://www.fitbelaepro.com.tw/
11E CAPITAL HOUSE 61 AMHURST ROAD,LONDON,UNITED KINGDOM E8 1LL
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Company Name

FITBELA EPRO Limited (UK)

Abbreviation

FITBELA EPRO

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 35 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FITBELA EPRO · WikiFX Survey

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FITBELA EPRO · Company Summary

Note: FITBELA EPROs official site - https://www.fitbelaepro.com.tw/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

FITBELA EPRO Review Summary in 10 Points
Founded 2-5 years
Registered Country/Region United States
Regulation NFA unauthorized
Market Instruments Currency Pairs, Cryptocurrencies, Precious Metals (Gold, Silver, Platinum) and other financial derivatives
Demo Account Not disclosed
Leverage Up to 1:500
EUR/USD Spread Start from 0.0 pips
Trading Platforms MT4
Minimum Deposit Not disclosed
Customer Support Address, Email

What is FITBELA EPRO?

FITBELA EPRO, is a United States -based global brokerage firm who operates in the United Kingdom. It offers Currency Pairs, Cryptocurrencies, Precious Metals (Gold, Silver, Platinum) and other financial derivatives as its market instruments to traders. However, it is important to note FITBELA EPRO currently has an NFA unauthorized regulatory status which raises concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments across multiple asset classes • NFA unauthorized
• MT4 trading platforms • Lack of transparency
• Website unfunctional
• Limited details on payment methods
• Limited customer support channels
• Negative reviews from their clients

FITBELA EPRO offers several advantages, including a wide variety of trading instruments across different asset classes and the use of the popular MT4 trading platform, and these features cater to a broad base of trader preferences and strategies.

However, numerous significant downsides exist. Not being authorized by the NFA raises questions about its legality and compliance. The platform also suffers from a lack of transparency that may deter potential clients due to trust issues. A dysfunctional website could negatively impact users' experience considerably. Limited information available on payment methods may complicate the payment process for users. Furthermore, having limited customer support channels means users might face delays or limitations in obtaining necessary assistance. Negative reviews from clients also tarnish FITBELA EPRO's reputation and may reflect underlying issues with service quality or user satisfaction.

Is FITBELA EPRO Safe or Scam?

When considering the safety of a brokerage like FITBELA EPRO or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities, the NFA (National Futures Association) with license no. 0543828 indicates that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

unauthorized NFA license
  • User feedback: 35 reports regarding scams, system slippage and unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any broker or investment platform.

  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with FITBELA EPRO is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Market Instruments

FITBELA EPRO provides its clients a diverse range of market instruments to trade with.

These comprise not only traditional Currency Pairs, which allow traders to exploit exchange rate fluctuations, but also Cryptocurrencies, offering opportunities in one of the most innovative and volatile sectors of finance.

Precious Metals, including Gold, Silver, and Platinum, are also available, giving traders access to stable, tangible assets often used as safe havens during times of economic uncertainty.

Additionally, FITBELA EPRO extends its offerings to other financial derivatives, expanding the possibilities for trading strategies and risk management. T

Leverage

FITBELA EPRO offers its clients leverages up to 1:500. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:500, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.

While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.

Spreads & Commissions

FITBELA EPRO operates with an enticingly low spread structure that begins from 0.0 pips. This presents traders with the potential to reap substantial benefits by significantly lowering trading costs.

However, FITBELA EPRO has not yet disclosed its commission structure to the public. Commission, which is traditionally a separate cost in addition to the spread, could affect the overall trading cost to the client. Therefore, before engaging in trading activities with FITBELA EPRO, potential clients should seek further clarification regarding this undisclosed commission structure with broker directly. This will enable them to comprehensively understand the total cost implications associated with the trading platform.

Trading Platforms

FITBELA EPRO provides access to one of the most popular and widely used trading platforms – MetaTrader 4 (MT4).

MT4 is highly esteemed due to its ease of use, robust functionality, and a comprehensive arsenal of analytical tools. It aids traders in executing and managing trades efficiently while offering advanced charting capabilities, customizability, algorithmic trading, and compatibility with a multitude of devices. With MT4, FITBELA EPRO provides its clients the ability to engage the markets with superior speed, optimal versatility, and effective analysis.

User Exposure on WikiFX

On our website, you can see that total 35 reports scams, system slippage and unable to withdraw on WikiFX which should be marked as red flag. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

FITBELA EPRO's customer support is limited to email and postal correspondence. Though ensuring structured communication, it may restrict real-time assistance and could potentially extend response times.

Email: support@fitbelaepro.com.

Address: 11E CAPITAL HOUSE 61 AMHURST ROAD, LONDON, UNITED KINGDOM E8 1LL.

Conclusion

According to available information online, FITBELA EPRO is a US-based brokerage firm who operates in the UK. It offers Currency Pairs, Cryptocurrencies, Precious Metals (Gold, Silver, Platinum) and other financial derivatives as market instruments to traders.

However, the fact that it is NFA unauthorized regulatory status is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website indicates a lack of professionalism and attention to details, which further erodes confidence in the company's ability to provide reliable and efficient services. Besides, 35 reports of scams and unable to withdraw that also raise concerns.

As such, individuals considering FITBELA EPRO as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Q 1: Is FITBELA EPRO regulated?
A 1: No. It has been verified that this broker currently has an NFA unauthorized regulatory status.
Q 2: What kind of trading instruments does FITBELA EPRO offer?
A 2: FITBELA EPRO is a US-based brokerage firm offers Currency Pairs, Cryptocurrencies, Precious Metals (Gold, Silver, Platinum) and other financial derivatives as market instruments to traders.
Q 3: Is FITBELA EPRO a good broker for beginners?
A3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and 35 reports of scams/unable to withdraw on WikiFX.
Q 4: Does FITBELA EPRO offer the industry leading MT4 & MT5?
A 4: Yes, it offers MT4 platform.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Review 37

37 Comments
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All(37) Latest Neutral(2) Exposure(35)
Exposure
Kong Jie, Jiang Kaijing, Li Sen, Liu Yong, and assistant Hanhan are a scam group to induce the opening of the FITBELA Epro account, and cooperate with platform to maliciously slipped and liquidated the position to steal investor's principal, and the remaining principal of the account could not be withdrawn.
Around April 20, 2022, Hanhan, who claimed to be Kong Jie's assistant, added QQ to QQ, and joined a stock recommendation group. They first recommended stocks to Xiaoen Xiaohui to gain the trust of investors. Create a mysterious triple bull stock Xuetian Salt Industry, let investors take orders at a high level, and then induce investors to open a FITBELA Epro account to buy and sell Bitcoin by judging that the risk of falling in the market is high. The early fraud gang combined with the FITBELA Epro MT4 Terminal platform to allow investors to follow After earning trust, Shannon encourages investors to deposit funds, and when investors are paralyzed and careless, the classroom brings the malicious slippage of the single joint platform to black out all the investors' principal. If investors make a loss with others at will, Kong Jie can help designate a profit plan to return the capital to induce investors to borrow money and invest. The self-proclaimed Hongchuang Fund in the early stage is actually a lie. There is no Hongchuang Private Equity Investment Co., Ltd. in mainland China. The so-called T+1 withdrawal is also a scam. The web server for the live class is also in the United States. Once investors find out the scam and question them, they will kick the investor out of the live class, QQ contact group, and CC group, making it impossible for investors to find it.
FX1174124843
2022-06-24
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