Warning: Is FioBit a Scam?

Is FioBit (fiobit.co) a Scam?

Our team advise you to avoid FioBit (fiobit.co).

FioBit appears to be a investment provider, but it is currently illegal by any credible authority.

Victim of FioBit?

Are you unable to access your funds from FioBit? Submit the form below to talk to our investigative team for a complimentary case evaluation.

Regulatory Check: FioBit

Our investigation shows that FioBit is missing a valid license.

Investing with unregulated brokers is highly risky. Trusted firms are must be authorized with bodies like the FINRA or FCA to ensure consumer safety.

FioBit lacks this protection. As a result, there is no protection if they steal your funds. Many online scams use unlicensed entities, and getting back money from them is challenging without expert assistance.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of regulatory bodies, meaning your capital is completely exposed.

How FioBit Might Scam You

Investment fraud is getting smarter. Fraudsters use social engineering to steal your savings. Here are common tactics used by brokers like FioBit (fiobit.co).

Pig Butchering & Romance Scams

"Pig Butchering" is a common tactic where scammers groom victims over months. They build a romance online. Once trust is built, they mention a special crypto opportunity. It is a lie to lure you onto a fake platform .

The "Bonus" Trap

Fraudsters build websites that look exactly like legit trading apps. You see graphs and profits that go up. But it is a fake. The broker controls the numbers to convince you to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: You get calls from "brokers" you don't know.
• No License: The company has no authorization.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Ignore positive ratings. Scammers frequently write their own 5-star comments to appear real.

Conclusion

FioBit is unsafe. It appears to be a fraud. Save your funds and use a licensed broker. Avoid fiobit.co at all costs.