Tradethebit 

Thanks for visiting Trustpilot. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. Feel free to contact us if you have any questions.

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

See what reviewers are saying

Rated 5 out of 5 stars

Rebecca has offered me more learning experiences. Leading me to different web sites that help me understand trading and spends the time to explain when I have questions. She allows time to spend expla... See more

Rated 1 out of 5 stars

Account manager will not return any emails or phone calls . Support claims emails are passed on , my account as been dormant for 7 weeks . I'm trying to withdrawal 5 gs out of 22 gs and the withdrawal... See more

Rated 5 out of 5 stars

Very agile and comprehensive platform with a lot of graphic tools. Would be nice to have the total amount of open positions. Steven A. is a very professional account manager and very patient with... See more

Rated 5 out of 5 stars

I'm very pleased with the service and communication, I knew nothing about crypto currency Until I met with an agent call Rebecca Schwartz,she's so far the best in the business. She took care of me and... See more

Company details

  1. Finance Broker
  2. Alternative Financial Service
  3. Financial Consultant
  4. Investment Service
  5. Stock Broker

Written by the company

TradeTheBit is a global, Forex & CFD's broker that is dedicated to the creation of a secure, transparent trading space.


Contact info

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

Tradethebit.com is a SCAM

Tradethebit is a SCAM trading company, they closed their website and disappeared with everybody's money.
Tradethebit is definitely a SCAM

March 9, 2022
Unprompted review
Advertisement
Rated 1 out of 5 stars

Fake Fake and Fake

Fake Fake and Fake , they use a video play platform that makes you seem that you are making money . Adam Novak , Oscar and all the other gogoons are all there to scam you , They may get you to withdraw a smaller amount to gain your trust but they would urge you to put more money with all their false predictions .They would tell you that they get updates every minute .All the reviews with 5 stars are all fake .This is a big platform that they use and will specifically tell you not to say anything if anyone from Netcoins call .STAY AWAY FROM THESE PIGS !!!

January 24, 2022
Unprompted review
Rated 1 out of 5 stars

If I could give no stars

If I could give no stars, that would be the preference. Tradethebit is a total scam by absolute liars and con artists of the lowest morality on the planet. They will coerce you with kind words, finding out where your vulnerabilities are and then take advantage. My wife has stage four cancer and I take care of her. We are just retired, but with no pension and we hoped we could create an income with this group.

We were gullible, I'll admit that, and stuck with it for seven months. By then we had put all of our savings into it, and had built up the account to $249,000 USD. Then when I asked to withdraw $55,000 to pay for special medical care account manager, said she wanted me to do this quick trade that would net at least $50,000. It was set up on anydesk and as soon as I touched the buy button...I lost $152,000 instantly.

When I later tried to withdraw the $55,000, it was rejected four times with no contact. When I finally got someone to contact me weeks later, they said I had signed an agreement that I couldn't withdraw any money until an account trading threshold was reached of 2.5 billion. The agreement clearly states that to withdraw their TRADING BONUS, which was $50,000 to my account, I needed to reach that threshold. It says nothing about withdrawing my OWN money. So I asked to cancel my account and withdraw the rest. They have never responded to many emails over the last two months. All the time you have wasted taking their calls...you were making money for them, because they never intended to ever allow you to withdraw anything.

They have stolen $123,000 from me and they couldn't care less how much suffering they have caused. D.H was the lead conman, then S.A..... and M.W. and then M.R. as account managers. Each one conned us into investing more to get a higher account level...and it was all a total lie.

Yes we were gullible and somewhat desperate. We were trusting people, because we are honest people. There is no one honest at Trade The Bit. Their support line is worthless...it is just an answering service and can do nothing for you. They even began to laugh when I told them the details of the agreement does not bar me from removing my own money or cancelling the account.

My hope is that others will not become victims as we have, after you read this. Also that when KARMA catches up with them...and it will…they will remember me and all the suffering they have caused to my wife and I, and thousands of others, and realize that in whatever form that KARMA takes in their life...they earned it, and they deserve it!

January 21, 2022
Unprompted review
Rated 1 out of 5 stars

SCAM! Do Not Give Them Money!

UPDATE 3

They have now closed down and reopened as CAPITALMAXIMUS.com. Same scam, different mane. Beware, we are on to them. If you have money on Capitalmaximus.com withdraw it now if they will even let you asap!

UPDATE 2

Anyone else that has been scammed by Trade the Bit please help me shut them down. Report Trade the Bit to all services they utilized in performing the scam such as ShakePay, AnyDesk, My Trading College, and file a whistleblower report here on TrustPilot. Next step is legal action and authorities.

In reporting Trade the Bit to ShakePay, their security and risk assessment team is performing an investigation. In doing so, I was notified that despite being the victim in this scam they are disabling my ShakePay account and will not let me create another with them in the future. Beware that not only will you lose your money to Trade The Bit you will also lose access to any payment platform such as ShakePay that the scammers associated themselves with.

UPDATE 1

Since posting this review, outing Trade the Bit, and filing a Whistleblower report as the fraudulent scam they are to both TrustPilot and ShakePay, Trade the Bit has now locked me out of my Trade the Bit account and stolen all of my money. They will not answer their support number, account managers will not answer the numbers or emails they provided.
All positive reviews are fake and/or from people, they are scamming prior to the actual scam. BEWARE, do not give this so-called company a cent, you will never see it again.

If you left a positive review here prior to them stealing your money, please update your initial review!

Trade the Bit is a SCAM!

This company is a scam! They are very nice in the beginning, professional scammers working to gain your trust. But you will get passed onto a different account manager every few weeks trying to get you to invest more. They will take your money and give you all positive signals and make you “money”. Then they will get you to give them a positive review here on Trust Pilot. Then they will show you’ve had losses and you need to invest more to pad your account so you don’t lose it all. They will call you weekly for a few months and then when you don’t put more money in they will cease all contact they will not call you, respond to emails, respond to complaints, or live chat. Their support is useless they say they will escalate your concern and have someone call you and they never do. Support tells you you can withdraw from your online account and when you do they will cancel the withdrawal request. Soon they’ll block you so you can no longer even call support. They will never give your money back. These people need to be taken down.

December 21, 2021
Unprompted review
Advertisement
Rated 1 out of 5 stars

Account manager will not return any…

Account manager will not return any emails or phone calls . Support claims emails are passed on , my account as been dormant for 7 weeks . I'm trying to withdrawal 5 gs out of 22 gs and the withdrawal keeps getting cancelled without any contact . Trust pilot needs adjust ratings this is a poor company at best to deal with myself and two others that I know of personally having the same issues .

December 16, 2021
Unprompted review
Rated 2 out of 5 stars

Six months were confidently traded

Six months were confidently traded. Account worth 85,000 US with money in it 9banned. Customer service unhelpful. read published BrokerFraudComplaint article. aided in success.

December 16, 2021
Unprompted review
Rated 1 out of 5 stars

Stay away! Just don’t do it!

Stay away! If it’s too good to be true.. it’s because it is! Trust the honest reviews here, you do not want to be the next one!
They’re trained to make you feel comfortable and safe, and when you stop investing and want out; it will become your worst nightmare!
No agent will respond, their support team is a scam, they won’t give you any answers, and keep telling you their finance department will be in touch as soon as possible. It’s been over a month since I requested a withdrawal and their finance department hasn’t made any attempts to contact me, even after escalating and making my request “a priority”.
They will continue to tell you to rest assured your concerns have been sent to the right department, and it never goes anywhere, they already got you, you’ve been scammed!
If anyone here who left an honest review went back and added that they received their money back; I would appreciate it, and if I ever do; I’ll be sure to update this review, but at this point; I have to seek legal assistance. if I can save anyone from losing their money with them; this review has been worth it.

November 16, 2021
Unprompted review
Rated 1 out of 5 stars

This company seems at first legit

This company seems at first legit. But after a week or so the manager called me basicly yelling thru the phone asking why I wasn't trading. He was rude, arrogant and a poor excuse of a manager. I have 280 dollars sitting there but I see here to withdraw will become a major hassle. Save yourself the worry,,,don't join...keep scolling.

November 4, 2021
Unprompted review
Advertisement
Rated 1 out of 5 stars

Theft, plain and simple.

I have been trying to withdraw money from my account since july 2021. It's been almost four months now. At first, someone different every day called me from the company. They always asked me why I wasn't trading anymore. When I explained to them that I won't invest more until I have proof I can withdraw my money, they told me they would contact the "financial department" and I was told I would receive my money shortly. I never did. Then, another trader from the company would call me, and I would explain my situation all over again. Once, a trader from Tradethebit told me I had to add money to my account in order to withdraw what was already in it so the bank didn't identify it as money laundering. I was naive enough to trust her. I regret it so much now. PLEASE, don't let them rip you off, like they did me.

November 3, 2021
Unprompted review
Rated 1 out of 5 stars

I have written reviews on this company…

I have written reviews on this company and they keep getting removed. I lost over $7000 to this company. I was never able to take money out. The last person that called me told me he would contact the financing department and return my money. Never did hear from him or anyone else

October 20, 2021
Unprompted review
Rated 1 out of 5 stars

Tradethebit is NOT a legitimate brokerage

Update: It has now been 8 weeks since I requested a withdrawal and this company still has not released the funds.
------------------------------------------------
This review was flagged by tradethebitcom as they objected to me listing the names of the account managers who handled my account. Interesting to note they have no objection to the same managers being named in the positive reviews. Laughable when you think about it. I have since edited out their names ;)

More importantly their lack of denial to the rest of the content, speaks volumes as to the accuracy of my experience with them. I will update as needed.

Original review is below, with the names remove.

Hopefully if you are reading this review you are doing so before you invest in Tradethebit.com. If you are already invested I strongly suggest you do not invest any more money.

Unfortunately, (as many will find out the hardway) Tradethebit is a fraudulent trading platform. They have spent a lot of time and money making it appear that they are a legitimate business.

The reality is, they are NOT. Unlike legitimate investment brokerages, this company is not licensed to operate with any of the regulatory authorities in Canada, Australia, UK or anywhere else in the world. This means, they can and do operate with impunity. There is no recourse to recover your investment other than taking legal action through the courts. So do not open an account with them because you will expose yourself to being scammed out of your hard earned money.

THIS IS MY EXPERIENCE

I signed up with tradethebit.com back in April 2021. At first everything was going great. My account manager at the time, was friendly, helpful and recommended nothing but profitable trades. Soon he was able to convince me to deposit more money to increase the leverage of the account and like a fool, I did.

A couple of weeks after I increased my investment, he wanted me to invest more. By this time I was getting the sense something wasn't right as all the trades he recommended were all profitable, which is impossible to do in a volitile market like crypto. So I did the due diligence I should have done before I opened the account.

What I found out made me very skeptical of this company. The most damaging things I found out were reviews stating the inability to withdraw funds and blogs warning against doing business with tradethebit. I conducted my own investigation to find out if they have a regulatory license to trade in any of the countries that they have clients. THEY DO NOT!

So I told him I wasn't going to invest anymore at that time. Since then I have had four different account managers. All tried to get me to invest more, with the last two using stall tactics to deny me withdrawing the money from my account and close it.

I put in the request to withdraw my funds on August 2, I supplied all the relevant information they need to process the withdrawal and I am still waiting 6 weeks later for the funds to be transfered. I have tried contacting their support team to no avail. I keep being told the withdrawal request is being processed and is being handled by the account manager. This is not the way a legitimate company does business.

It was my own ignorance that allowed me to be scammed by tradethebit.com. Don't let your ignorance allow you to become a victim too. Do your due diligence before investing with companies like this one.

September 13, 2021
Unprompted review
Rated 4 out of 5 stars

I used trade the bit through my trading…

I used trade the bit through my trading college which was my mistake. Micheal O’Connor at the trade the bit was awesome and very knowledgeable to work with, me being in Canada the time difference didn't work for me. Trade the bit was a great place to start. My trading college not so much!!

September 11, 2021
Unprompted review
Advertisement
Rated 5 out of 5 stars

Patient and Professional

I've been working with a Tradethebit senior advisor since June of 2021. As a new investor I had absolutely no experience and only a little confidence. My first two advisors made me money but failed to teach me anything about trading and my losses out performed their gains. Enter my new advisor Rebecca Schwartz (rebecca.sc@tradethebitservices)... I can't say enough good things about her approach to trading and her willingness to give me the tools I needed to begin to understand not only their trading platform but also took the time to explain and show me where to find pertinent information and what it means (my lessons still continue). My experience with Rebecca and the tradethebit platform has since been extremely positive. Like so many like me, the fear of getting involved in trading held me back for years. Advisors like Rebecca will give you the tools and confidence you need to grow and diversify your investment.

Sincerely

Russ

August 25, 2021
Unprompted review
Rated 5 out of 5 stars

My experience with Tradethebit is…

My experience with Tradethebit is amazing so far. I received nice amount of bonus from the company, making around 30% percent profit a month. My account manager Adam Novak is the best! Adam is 100% getting me going on this account. I would recommend him and Tradethebit to everybody!

August 24, 2021
Unprompted review
Advertisement
Rated 5 out of 5 stars

My experience is 100% percent perfect…

My experience is 100% percent perfect so far! My broker Adam Novak was really helpful. He helped me with everything, already made nice profits and I am planing to stay with him for a long term. He is the best friend I ever had!

August 24, 2021
Unprompted review
Rated 5 out of 5 stars

I have been working with Max Ward for…

I have been working with Max Ward for several weeks. He has amazing patience with my lack of experience in trading. He is extremely professional, knowledgeable and very personable at the same time. I have the utmost trust in his skills and abilities to manage my portfolio.
You are very fortunate to have him working for your company.

August 24, 2021
Unprompted review
Rated 5 out of 5 stars

Rebecca has offered me more learning…

Rebecca has offered me more learning experiences. Leading me to different web sites that help me understand trading and spends the time to explain when I have questions. She allows time to spend explaining why we should make a trade or not based on her knowledge and experience. She has been a pleasure to deal with. I will gladly continue with her to learn from her knowledge.

August 21, 2021
Unprompted review

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Learn more about other kinds of reviews.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look