Forex Brokers

State Bit (state-bit.com)

1.6 (15 reviews)
🇦🇺 Australia
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1.6
15 reviews
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About State Bit (state-bit.com)

State Bit (state-bit.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: state-bit.com.

Customer Reviews

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C
Connor M.
9 months ago

I signed up with State Bit (state-bit.com) while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Dividend tracking|Excellent charting

Cons: Website design could be more modern

Extremely poor support experience

R
Ruby S.
11 months ago

I am in a dispute with State Bit (state-bit.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Regular platform improvements|Automated trading options

Cons: Wait times can be long during peak hours

Broken promises everywhere

K
Kevin G.
11 months ago

KYC with State Bit (state-bit.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.

Pros: Quick verification|Full transparency|Fast deposits

Cons: Withdrawal takes 1-2 business days

Death of account holder process unknown

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Elizabeth R.
11 months ago

Opened my account with State Bit (state-bit.com) through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Reliable uptime|Clear documentation|Excellent charting

Cons: Mobile app could be improved|Help articles are sometimes vague

They sell your data

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Brian L.
12 months ago

I closed a profitable position at State Bit (state-bit.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Good mobile app|Reliable uptime|No hidden fees

Cons: No phone support on weekends|Website design could be more modern