BIB
We checked BIB against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
BIB claims to be operated by Adwise Trading Inc., founded in the British Virgin Islands (BVI), registered with the Financial Crimes Enforcement Network (FinCEN) under MSB number 31000219137978 and with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under MSB number M23645377. Although we did verify that its MSB licenses are valid, it is important to note that a broker soliciting investors in derivatives markets in the US is required to be a member of the National Futures Authority (NFA), and be authorized by the Investment Industry Regulatory Organization of Canada (IIROC) if in Canada. However, we searched the agencies' registries and found no records supporting this broker's legitimacy in trading derivatives. To put it simply, the MSB licenses cannot prove that BIB is qualified and authorized to offer services or products in derivatives markets. Given its claim to be founded in BVI, we searched the registry of British Virgin Islands Financial Services Commission (BVI FSC) for this broker, the local financial regulator, but found no matching records. In essence, BIB is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report BIB.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.