Warning: Is Extopbit a Scam?

Is Extopbit (extopbit.com) a Scam?

We audited Extopbit (extopbit.com) and found alarming issues.

We found that the company name is EXANTB.

Extopbit claims to be a investment provider, but it is currently unlicensed by any major financial regulator.

Cannot Withdraw from Extopbit?

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Is Extopbit Legit?

The most alarming issue is that Extopbit (extopbit.com) has no license from a credible authority.

Investing with unlicensed firms is extremely risky. Legitimate firms are must be authorized with bodies like the FINRA or FCA to ensure consumer safety.

Extopbit lacks this protection. As a result, there is no protection if they steal your funds. Most investment fraud use unlicensed entities, and getting back money from them is challenging without professional assistance.

For example, in the UK, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not members of SIPC, so your money is at risk.

How Extopbit Might Scam You

Online trading fraud is evolving. Fraudsters use manipulation to steal wealth. Here are common methods used by sites similar to Extopbit (extopbit.com).

Pig Butchering & Romance Scams

The "Romance Scam" is a cruel method where scammers groom victims over weeks. They fake a romance online. Once trust is built, they mention a secret crypto opportunity. It is a lie to lure you onto a fake platform like Extopbit.

Rigged Platforms

Fraudsters create websites that look exactly like legit trading apps. You see graphs and balances that increase. But it is a simulation. The broker controls the numbers to convince you to deposit more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" out of the blue.
• Unregulated: The company has no legal registration.
• High Returns: They guarantee 1% daily returns with no risk.
• Cannot Withdraw: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to invest bigger amounts.

Do not trust fake reviews. Fraudulent brokers often post their own 5-star comments to look legitimate.

Verdict

We do not recommend Extopbit. It appears to be a scam. Protect your money and use a licensed broker. Avoid extopbit.com at all costs.