One of the first things traders can recognize about this brokerage is limited transparency. With this in mind, it’s hardly believable that anyone can succeed, especially when a company has been hiding legal information.

However, whether those are transparent or not, there are too many flaws this brokerage has. To find out which ones those are and how to avoid the traps set by this company, read our Maticbit.com review until the end.

Legal info: Is Maticbit.com Legit or a Scam?

One of the interesting details the company reveals is its location. Apparently, they have been registered in London, United Kingdom. Thus, with hidden legal details, contacts, and license information, we highly doubt it. In any case, this scam can be confirmed in the regulatory databases, primarily of the UK FCA.

Not only is the broker not regulated anywhere, but it can also be found on numerous warning lists, starting with CNVM and IOSCO, but also  Slovenian A-TVP and Norwegian Finanstilsynet. Even though the company claims that security comes first, you can see now it’s all a lie.

Who are Maticbit.com’s Victims?

Without adequate licenses, the company shouldn’t be operating anywhere. Yet, since 2023, they have ignored all the laws and regulations and mainly targeted users from: 

• Italy
• United Kingdom
• Spain
• Belgium
• Canada

Of course, none of these countries have authorized their activities. What’s surprising is that no Maticbit.com reviews are available. But to find out what traders usually think of similar brokers, check our NordMarket and Beapay reviews. Also, if you experience any issues withdrawing funds from any of these, contact our refund experts immediately.

Leverage, Commissions, Spreads, Fees and Taxes

One sign that this company is not UK-based is its trading conditions. Traders should keep in mind that licensed UK firms can offer retail users maximum leverage of 1:30. In the case of the Maticbit.com broker, it goes up to 1:500.

Also, the company offers attractive spreads starting from 1.5 pips. Of course, the more money you deposit, the better conditions you get. But only for a few assets. Everything else might cost you a fortune especially since fees and commissions are not revealed.

Bonuses

If you register a Maticbit.com account, don’t be surprised by their generous bonus deals of up to 100%. Thus, you should remember that bonuses from scam firms usually come with malicious clauses. Since these are hidden from the public, you have to check for them once you sign up. But we honestly hope you won’t.

Maticbit.com Trading Features

If you get into the trading room, you will realize the platform doesn’t include any advanced options. For any experienced trader, this platform would look like a kid’s toy. In any case, traders can forget about social or copy trading, EAs, advanced indicators, or any other advanced option.

Trading Platforms Available

Luckily, you don’t have to complete the Maticbit.com login process to access the platform. Therefore, it’s easy to expose the platform’s irregularities. In the first place, the platform is completely web-based. Yet, we all know how easily such platforms are manipulated from the back end.

Nevertheless, the second important detail is that only basic trading functions are available. So, why choose this broker over any other that offers MetaTrader or cTrader?

Available Trading Assets

Million assets being available can’t replace a proper trading license. Therefore, the offer with this broker becomes completely irrelevant. Still, for the record, you can trade: 

• Forex – GBP/JPY, USD/EUR
• Commodities – natural gas, palladium
• Shares – Netflix, Walt Disney
• Indices – NASDAQ, FTSE100
• Cryptos – LTC, TRX

Account Types

Another flaw of this broker is insanely high deposit requirements for all accounts. But to be fair, there’s not much difference between the offers. The only benefits are a lower spread, higher leverage, and higher bonuses. 

Anyway, the options are: 

• Standard – $2.500
• Silver – $10.000
• Gold – $50.000
• VIP – $100.000

Mobile Trading App

Mobile trading apps are widely used with top-tier licensed brokers, primarily because of easier access to the account and quick trading availability. With companies planning to disappear, you won’t see those quite often. That’s also the case with the Maticbit.com trading firm.

Demo Account

To be fair, the only positive thing about this company is its free demo account. However, it remains a mystery whether it’s just a trick to obtain your contact details or if they truly help you trade with virtual funds first.

Education

Even though the company offers trading central analytics, personal account managers, and sessions with analysts, these can’t be trusted. After all, the company is not licensed. Neither are those analysts.

Maticbit.com Withdrawal

If you are hoping for Maticbit.com withdrawal, make sure to check their FAQs. Primarily, the company claims to process requests within a few business days. And on top of that, it takes another 5 business days for the funds to arrive. 

Of course, fees are not disclosed anywhere. So, this process might be even longer than you think. All in all, without adequate licenses, none of these details are guaranteed.

Customer Support

When it comes to contact options, the company bravely hides behind the keyboard. The only options available are e-mail and a web contact form. Practically, everything is designed to avoid requests for withdrawals. Not to mention, operating hours are not disclosed. So, good luck looking for assistance from them.

Key Information To Consider About Maticbit.com

First, Maticbit.com scam brokerage is not regulated anywhere. Second, there are multiple warnings against it. All this tells you enough about this brokerage. We strongly advise you to avoid them, but you still have options if you fall for any of their traps.

Feel free to book a consultation with our chargeback team and find out how to get your money back. The first meeting is free, and no obligations or fees are required. Send us a message right away.

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