Scam Exposure: A Victim Files a Complaint Against Tradingfit

　　Client Complaint

　　The client invested in cryptocurrency CFD on Tradingfit and gained some profit in the past two months. One day, the crook suddenly blocked his account and asked him for a cryptocurrency trading license, which was unreasonable. The client suggested showing his DMCC crypto license but was refused. He kept asking what kind of licenses were needed but got no response from customer service.

　　Right now, about 13 BTC in customer accounts are inaccessible. And the only good news is that he was able to withdraw 0.1 BTC from the account.

　　The client wants to warn other investors that Tradingfit is a scam and recommends traders trade with a safer and regulated broker.

　　No Registration or Regulation

　　Tradingfit, operated by Tradingfit LTD, claims to be a world-leading cryptocurrency exchange broker, providing financial services to traders globally by using blockchain technology.

　　This broker also claims to be registered with the London Chamber of Commerce (which is not a financial regulator) and uses many words to convince traders that it is a reliable broker. However, it does not mention any information about its regulation. The lack of such important information is a sign of a suspicious company. Since a well-regulated company always displays initiative in presenting its licenses.

　　To verify if the company is based in the UK, we searched for Companies House of United Kingdom (CH). Unfortunately, we didn't find any matching results. In other words, Tradingfit LTD is not a UK-registered company. Besides, having registration does not mean being authorized to provide cryptocurrency exchange services.

　　

　　As a financial services provider, Tradingfit should be licensed by the United Kingdom Financial Conduct Association (UK FCA). However, in the FCA register, no results match this broker. All in all, Tradingfit is a scam. Therefore, we cannot complain to any supervisory authority.