Beware! Tbitex is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Tbitex claims to be the world’s leading encrypted digital asset trading app. But what it really is, is yet another scam website trying to cash in on the hype around cryptocurrencies. Let’s take a detailed look at the clues that it would be a big mistake to trust your money to this fishy website.

Tbitex Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Tbitex  is completely anonymous. No company name or office address can be found anywhere. The only contact option is email. The links to the company’s alleged social media accounts are empty. Tbitex  does not provide access to Terms and Conditions, Client Agreement, Privacy Policy and other documents required by law. Therefore, we know neither who we are dealing with nor what the terms of the deal are.

If this is not enough, the Spanish financial regulator CNMV has published a warning to investors not to trust Tbitex because it is not authorised.

If you have decided to invest in financial instruments you have a choice of much more trustworthy options.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK.

Tbitex Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Tbitex platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

The links to the supposed trading apps on the App Store and Google Play actually lead to a direct download of a software file. This means that the software offered by Tbitex is not approved by Apple and Google. It’s really not a good idea to install unauthorised software on your device from an anonymous website.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Tbitex Trading instruments


Tbitex claims to offer trading in a large number of cryptocurrencies, but does not provide any specific information about trading conditions.

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Tbitex Spreads and cost of trading

Spread EURUSD1.711.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

For the above reasons, we have no idea what the price paid by the customer is

Tbitex Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. These restrictions are most significant for cryptocurrencies because of their volatility.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Tbitex Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

Tbitex predictably uses only cryptocurrencies as a payment method. Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Tbitex Minimum deposit

Minimum depositN/A$5$10$5

Tbitex does not specify a minimum deposit. But you should know that with as little as 5 or 10 USD you could open a trading account with some of the leading global brands.

Tbitex Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
TbitexNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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