Warning: Is Bitfelex a Scam?

Is Bitfelex (bitfelex.com) a Scam?

Our analysts warn you to stay away from Bitfelex (bitfelex.com).

Bitfelex presents itself as a financial firm, but it is currently illegal by any major financial regulator.

Cannot Withdraw from Bitfelex?

If you think you were scammed by Bitfelex, act immediately. Submit the form below to consult our recovery team for a free assessment.

Regulatory Check: Bitfelex

The biggest sign is that Bitfelex (bitfelex.com) has no license from a credible authority.

Investing with unlicensed brokers is extremely risky. Real firms are must be registered with bodies like the SEC, ASIC, or FCA for your protection.

Bitfelex lacks this supervision. This means there is no safety net if they keep your money. Most investment fraud use unlicensed actors, and recovering funds from them is hard without expert assistance.

For instance, in Europe, unauthorized firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not members of regulatory bodies, meaning your capital is at risk.

Common Scam Tactics

Investment fraud is getting smarter. Fraudsters use manipulation to take wealth. Below are common tactics used by sites similar to Bitfelex (bitfelex.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a brutal tactic where scammers build trust over months. They fake a friendship on social media. Once trust is built, they introduce a secret investment. It is a lie to get you onto a fake platform .

Fake Trading Dashboards

Fraudsters create websites that mimic real trading apps. They have charts and balances that go up. But it is a game. The broker controls the numbers to make you feel rich to deposit more. If you ask for a payout, the "profits" are gone.

Red Flags

• Unsolicited Contact: You get calls from "brokers" you don't know.
• Unregulated: The company lacks authorization.
• Guaranteed Profits: They promise huge profits or risk-free trades.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to invest bigger amounts.

Ignore fake reviews. Scammers frequently post their own 5-star comments to appear real.

Verdict

Bitfelex is not trusted. It is likely a scam. Protect your money and find a licensed broker. Avoid bitfelex.com at all costs.