Bit Blocks (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Bit Blocks (Imposter) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Clear documentation|Reliable uptime|Educational resources
Cons: No integrated tax optimization|Live chat only during business hours
I invested $2,000 with Bit Blocks (Imposter) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
The platform itself is okay, but the customer service at Bit Blocks (Imposter) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Detailed reporting|Low minimum deposit|Reliable uptime|Professional team
Cons: Wish they had more educational resources|Charting tools need more indicators
The only good thing about Bit Blocks (Imposter) is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Great customer service|Segregated accounts|Multi-currency support
Cons: No fractional shares
I had a dispute with Bit Blocks (Imposter) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|No hidden fees|Customizable dashboard|Comprehensive tools
Cons: Slow to add new assets|Email notifications too frequent
My withdrawal from Bit Blocks (Imposter) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about eight months of being strung along.
Pros: Intuitive for beginners|Fast execution|Fast support response|Great customer service
Cons: Mobile app could be improved
I lost a significant amount because Bit Blocks (Imposter) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Low minimum deposit|Market news feed|Segregated accounts|Economic calendar
Cons: Limited cryptocurrency options|Wish they had more educational resources
The so-called education at Bit Blocks (Imposter) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since early this year thinking they would help me learn.
Pros: Multiple order types|Tax reports included|Smooth onboarding
Cons: Website design could be more modern|Cannot customize dashboard fully
Several red flags with Bit Blocks (Imposter): (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
After for a couple of months now with Bit Blocks (Imposter) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Reliable uptime|Segregated accounts|Good analytical tools
Cons: Desktop app not available on Linux