Bitex

The FCA has issued a warning against Bitex Trader, also known as Bitex, a crypto scheme operated by Coin Capital Group. The FCA states that Bitex Trader is not authorized to provide financial services in the UK and advises investors to be cautious when dealing with the platform.The FCA warning is in line with the reviews on Trustpilot, where users have reported issues with Bitex, including difficulties in withdrawing funds and a lack of customer support. Some reviewers have also raised concerns about the legitimacy of the platform, suggesting that it may be a scam.Bitex CEO Monark Modi is based in Dubai, according to his LinkedIn profile. However, it is unclear whether he is directly involved in the operations of Bitex Trader or Coin Capital Group.Overall, the information available suggests that Bitex Trader, operated by Coin Capital Group, is not a legitimate platform and may be involved in fraudulent activities. Investors are advised to exercise caution and avoid dealing with this platform.