Gate Bits (gatebits.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: FCA https://www.fca.org.uk/news/warnings/gatebits-clone-fca-authorised-firm OSC https://www.osc.ca/en/investors/warnings/gatebits BCSC https://www.bcsc.bc.ca/enforcement/early-intervention/investment... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: gatebits.com.
My withdrawal from Gate Bits (gatebits.com) 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 a few weeks now of being strung along.
Pros: Two-factor authentication|Copy trading available
Cons: Alert system is basic
My withdrawal request from Gate Bits (gatebits.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Comprehensive tools|Real-time alerts|Clean UI
Cons: Limited cryptocurrency options
Do not be fooled by the professional-looking website. Behind the scenes, Gate Bits (gatebits.com) is disorganized and incompetent. I found them while looking for alternatives to my previous provider and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Multiple order types|Comprehensive tools
Cons: Mobile app could be improved
I joined Gate Bits (gatebits.com) after a friend recommended them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Clean UI|Regular platform improvements
Cons: Limited ETF selection
I have been trying to close my account with Gate Bits (gatebits.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Risk management tools|Instant funding|Wide product range|Responsive team
Cons: Account statements could be more detailed
Gate Bits (gatebits.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Full transparency|Risk management tools
Cons: Email notifications too frequent
I lost a significant amount because Gate Bits (gatebits.com) 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|Excellent charting|Intuitive for beginners
Cons: None so far|Onboarding videos are outdated