About 22BitBank
Overview
22BitBank is a financial services entity registered in the United Kingdom under the name 22BitBank. According to official records, the company was founded on 10 May 2022 and lists its registered address at 173 Latchmere Road, London, SW11 2JZ.
The broker's official website is 22bitbank.com. However, as of this review, no independent user feedback or detailed operational history is available in the public domain. This lack of verifiable information is a significant consideration for potential clients.
Regulation and Licensing
FXCanary's records indicate that 22BitBank holds no active regulatory licences from any recognised financial authority. The UK registration alone does not confer authorisation to offer financial services under the Financial Conduct Authority (FCA) or other regulatory bodies.
Traders are advised that unregulated brokers operate without the investor protections mandated by licensed firms, such as segregated client funds or access to ombudsman services. This absence of regulatory oversight is a key risk factor.
Account Types
The broker offers two account tiers: Standard and Raw. Both accounts require a minimum deposit of €100 (or equivalent in other currencies). The maximum leverage for either account is not disclosed in the available information.
Without details on spreads, commissions, or trading conditions, it is difficult to assess the competitiveness or suitability of these accounts for different trading styles.
Instruments and Platforms
No information is provided regarding the financial instruments offered by 22BitBank. It is unclear whether the broker provides forex, CFDs, cryptocurrencies, or other asset classes. Similarly, trading platforms (such as MetaTrader, cTrader, or proprietary software) are not specified.
This lack of transparency makes it impossible for traders to evaluate the broker's product range or technological infrastructure.
Company Standing and Risk
FXCanary has assigned 22BitBank a Scam Risk Score of 49 out of 100, categorised as 'Guarded'. This score reflects the broker's new establishment, lack of regulation, and limited public footprint.
While the score does not confirm fraudulent activity, it signals that caution is warranted. Traders should conduct thorough due diligence before committing any funds.
Overview compiled by FXCanary from regulatory records and public data. full 22BitBank review