Company Information

Get to know SummitBit Trading, LLC

SummitBit Trading, LLC presents itself as an international investment company specializing in trading on financial markets and cryptocurrency exchanges. According to its website, the company employs a team of professional traders to manage client funds and generate stable profits across various investment plans. However, the business model, which promises exceptionally high and guaranteed returns (e.g., 3% daily), is characteristic of a High-Yield Investment Program (HYIP), which is often fraudulent. Multiple financial regulators have issued public warnings against the firm, and its associated UK entity has been officially dissolved.

Industry

Financial InvestmentPRIMARY
Financial Other Service

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SummitBit Trading, LLC

United States

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.