Please read our Live Bit review before opening an account with them. This is a live-bit.com review , to see why is not recommended this website.
Live Bit review first look
By taking a first look at their website there is little to no information of who they are, which is a big RED FLAG. The lack of information about them should be enough for you NOT to deal with them. If they say we have a registered company, don’t fall for it, because anyone can set up a company online for just a few dollars. No one knows who these persons are and there is a good reason for that because they keep their identity hidden while stealing your hard earned money.
Regulation
Another MAJOR RED FLAG is that Live Bit does Not appears to be regulated by any agency.
So we urge you NOT to deposit with Live Bit and any other unregulated forex “company” because that means they don’t hold responbility and you are absolutely not safe. They have the simple objective to hurt as much people as possible taking away their money and switch into a different domain. After that you can’t find them anymore and you can’t trace your money where is gone for always.
If they say we are regulated search the name company in the respective Regulating Agency database.
How does it works?
Talking with them, they will promise to make you guaranteed results on trade. Who can believe this ? Absolutely none has guaranteed returns of capital on trading online.The fact is the trades can be easily manipulated from a MT4 Platform manager ( or another platform ) giving you the illusion that you are making profits. But those “money” are just numbers on a screen, while your real money is gone in their bank accounts . And after you see these fake “profits” in your account they will push you to deposit more so you can earn more money. Also they can manipulate the prices and use artificial prices to ensure that your trades start making profits or start losing. The Stop Loss they claim to place if you are going underbalance is another Scam, because as you can understand the accounts opened with them are totally Fake. Once you deposit with them , they will do whatever is up to them to take as much money as they can out of you. Protect yourself and stay away from this website.
Reach us at [email protected] and we will illustrate you how the trades are manipulated from MT4 manager with videos and facts.
Common scam methods
If you have reached your deposit limit or you have smelled something bad, normally you would request your money back. They will Not return your money back, this was not their intention since before they reached you. Even more they will try to get the last money out of you. The most common scam method is so called margin loan aka credit or bonus. If you have credit on your account they will say you will need to pay back the credit before you can withdraw. Scam number two is that you need to pay taxes or the agent’s commission before you can withdraw, you need to pay some kind of insurance of trading fee. We highly recommend you to NOT pay a fee to withdraw your money, is a SCAM! We know you want your money back , but this will only make things worse.
Can u get your money back?
Usually the forex scammers are well organized as this is relatively not a new niche. Nowadays they require people to make deposits through bitcoin, which is an untraceable currency and the payments are irreversible. So if you paid them with bitcoin or through a bitcoin exchange, your money is most likely gone. We know this might be hard for you to digest but that is the ugly truth. If you paid them through a wire transfer, there might be one or two loopholes, but that depends from case to case. The only thing you can do something about it is if you have deposited through a credit card. In this case you will need to contact the bank or the credit card company to ask for a chargeback.
Is there something you can do?
The best chance you have is to trace the money carefully to see where they went and Report your case to the police. Gather all the information and write it down: names brokers , numbers , addresses , all the information you shared with them ( bank details , PINs etc ) , how you’ve paid and whatever you know about the company . Sooner or later one of these scammers will get it. We need as much as possible reports to the police and hopefully they will pass the case to Interpol, Europol or even to the FBI. Also make sure to report them to a Regulating Agency of Trading Online in your country. You have to harm them in every possible way.
Hiring chargeback companies
If you lost money with Live Bit you are probably feeling very frustrated. The most important thing is not to feel ashamed because everyone becomes a scam victim at least once on their life. Second thing is not to make any rushed decision after that, take some days to calm down before proceeding further.
A chargeback company can be your ally in your case, because they have a lot of experience and can present your case to the bank in a professional way. If you are planning on hiring a chargeback company, we recommend you to hire the most trustworthy company. Be aware because there are a lot of fake companies out there who would simply take your money and do nothing about it.
If you would like our assistance, feel free to reach us at [email protected] .
Save others
We are here to save people from thousand of scammers operating online , but also need your help. If you are one of the unfortunate victims of Live Bit , leave a Live Bit review below in the comment section describing the experience. If there was any name broker or any other company you were victim of it make sure to mention it . It is your turn to help others!
Live Bit review conclusion
Talking on the phone with the employees of Live Bit , we knew that they had made up names. This was the first sign of scam. These scammers will give out false physical addresses , telephone numbers , contact details , and after their objectives are accomplished they will change them over time. If you have deposited money please beware of the scam methods outlined above. We repeat to follow every way to report them to the right authorities with the right proofs. This company is not authorised by any Financial Authority , so we Strongly recommend to stay away from this website. Hope our Live Bit review was helpful to you and don’t forget to leave a Live Bit review below.
If need help from us or if you don’t know where and how to start about getting your money back reach us at [email protected].
Opened an account with Live bit you can’t call them they do not reply to emails after two months I was told I have deposited $5 into my account and asked me to invest 2000.
I have requested a refund on the balance of my account I have heard nothing. Some of the calls are very unprofessional and this is clearly a scam, also beware do not give them access to your computer as I suspect they have access personal information
Live- bit tried to scam me this morning, fortunately we didn’t reply to the link the gentleman promptly sent via an on line conversation.
The experience was very fast and time was not allowed to ingest any information put to me. I spoke to Daniel Rubin, I was then handed over to his colleague Jack., as he had I phone, for comparison.
After that I hung up the call and was glad I hadn’t made any commitment or jeopardised my bank account information… THIS IS A SCAM
I have been scammed over Jan and feb, whatever you do, DO NOT PUT A PENNY IN OR PART WITH PERSONAL INFORMATION!!!!! They just take the money and run, they change ‘phone numbers over and over. Daniel Rubin was my first contact and then passed to Mike Goldman. Be warned they are very good and use London numbers even though they operate from Estonia. They are not regulated by any organisation and this was my mistake, I didn’t check this bit as I was inexperienced in Bitcoin, there is no comeback once you commit.
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Marc StockGB
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Review of Live Bit
Marc Stock
13 reviews
13 minutes ago
I stupidly decided to give them a call…
I stupidly decided to give them a call about investing in crypto.
The phone conversation that followed was nothing short of high-pressure bullying in order to get you to make a deposit into the live-bit account.
When they set up the live bit trading platform, the very next thing they wanted me to do was to fund the platform, I hadn’t even entered my address details at that point, as it was just set up.
I said now the platform has been set up, I will log in later to fund the account once I have entered all my address info etc. He became aggressive, and insistent on funding the account right away, and as a result I ended the call.
This was last week, and since then I have had no less than 40 calls from them. They cought me off gard this morning, and i told them to get lost.
Even now as I write this they have been trying to call me. No less than 20 times in a morning..20 TIMES?
No legit company would hound someone like that. Avoid them.
This company are a bunch of low lives. I lost money to this scam. Alex Costas, Max Birman initially but only today contacted by Jennifer who says there is money in a back office account to be claimed. They cannot release it as it is in an escrow account so they need to transfer the coin into my wallet and then I need to pay €8000 to release! Don’t think so.
File a complaint with your bank and card systems immediately.
I wanted to try and get back money that my husband lost to FX scammers and it sounded like a quick and easy way to make my money work and with the pandemic and inflation rates an all time highI thought I’d invest the minimum 250USD and it would be invested on auto trade and all would be good
I was directed to a crypto currency specialist called Richard Gibson who was perfectly polite and charming and seemed professional and sincere . He told me he was my account manager and he was going to show me how crypto currency’s could make me a lot of money . He seemed very knowledgeable and persuaded me to keep topping up my account on Binance – which all seemed very secure with email and txt message verification . As he ‘Invested ‘the money he showed me the profit and the equity I had earned and even put some ‘profit’ back into my bank account — I had to put invmore and more to get a ‘ fully managed ‘ account but he promised that all my capital would be paid back and I would be able to earn a ‘ wage ‘ monthly payable on 28 th of each month from the equity earned on my capital — for a period of 12 Months . How naive and gullible could I be !! Once I made the last payment needed — that was it – they took the money and ran ( a lot of money!!)and I never heard from them again -Feel sick to the stomach and it feels like a bad dream — but I’ve woken up to a MASSIVE SCAM – don’t be taken in by these sweet talkers they’re SCUM !!!
i was scammed by live bit by dean west i initially invested 250 pounds to start with then was told it was doing well so i invested £5000. I was phoned every couple of days by Dean West telling me how well it was doing they showed me a web site showing how it was charts etc. saying i should invest more for more profits but as soon as i asked for 2000 back to get my daughter a car just the profits suddenly vanished. couldnt reach Dean West any more. After a while i got a call from a woman Jennifer steward saying i have got 300000 usd in a wallet but had to PAY £4200 in fees to access it . i said no just take it from funds but no it doesnt work that way.
I am open to share my experience with investment , losing money to scammers. and the recovery.
finally withdrawn my 83,000 approximately and to also enlighten everyone on how I was able to withdraw my stolen bitcoins from this company fronting as a legal investment company .