Is Wobit a Scam Broker?
Wobit is one of many cryptocurrency brokers. It offers mainly trendy and risky assets, such as crypto, CFDs, and forex. This should be a cause for concern since brokers who only offer the riskiest assets are often scam brokers. They can easily disguise taking customers’ money as losses in a volatile market. However, if a broker is regulated, it is safe to trade these assets. So does Wobit have a reliable license?
Is Wobit a Scam or Legit Broker?
We could not find any license for Wobit. It is supposedly based in Amsterdam and opened in 2021. It is best to avoid very new brokers because they can not demonstrate any reliable record of satisfied clients. Wobit does not seem to have any license from European brokers. In addition, Wobit has many bad reviews from customers. Although not all reviews are authentic, the whole picture does not look good for Wobit.
Here are some problems we have discovered from our research on Wobit and reviews:
- No license
- Negative reviews
- No indication of who runs it
- Offers only risky trading products
ReportScamOnline has looked carefully at Wobit and determined that it is not a reliable broker. If you have lost money to a scam broker, consult with our professionals and provide details about your case. ReportScamOnline has a track record of successful fund recovery and will help you retrieve your funds.