Global Broker Regulation Inquiry App
WikiFX
Solotim 
1-2 years
Does BIBBY have any cons?
Broker Issues
Regulation
07-28
United States
WikiFX
Reply
One major con of using BIBBY is the fact that its FCA license has been exceeded. This raises a red flag about the safety and legitimacy of the platform. An exceeded license means the company no longer meets the required standards, which can lead to a lack of investor protection, such as compensation schemes or fund segregation. Additionally, BIBBY’s domain restrictions, which prevent client transferring and updating, suggest operational concerns that could make dealing with them risky. If you’re considering logging into BIBBY’s platform, these cons should be a major consideration before you make any financial decisions.
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