Big Bit Market

After reviewing Big Bit Market, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Big Bit Market?

Big Bit Market markets itself as an online trading and investment service. Its public site is presented at https://bigbitmarket.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Big Bit Market regulated?

We could find no evidence that Big Bit Market holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• No verifiable licence from a recognised financial regulator
• Aggressive “account managers” coaching clients to deposit
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Account dashboards that show “gains” with no real market exposure
• Offshore or shell-company registration used to avoid oversight

Our analysis

Big Bit Market claims to be owned and operated by Big Bit Market LTD but does not mention any details of its regulation. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their authorizations and licenses in a prominent position. Besides, Big Bit Market presents three different contact tel numbers belonging to Canada, Australia, and the United Kingdom. As per this info, we searched several regulatory bodies in the above countries, including: 1) The UK Financial Conduct Authority (FCA); 2) The Australian Securities & Investments Commission (ASIC); 3) The Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results to Big Bit Market in the above watchdogs' registries. That means Big Bit Market is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Can you recover money lost to Big Bit Market?

If you have deposited with Big Bit Market, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.