Is Bit Pro Gain Safe or Scam?
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What is known about Bit Pro Gain at the moment?
According to the information released by the Financial Markets Authority (New Zealand), bitprogain.io has been officially added to the regulator’s blacklist due to Unregistered/Unlicensed entity offering financial products or services. The regulator emphasizes the risks associated with this company for residents within its jurisdiction. Please note that the inclusion in the blacklist was confirmed on 2025-02-24.
This material concerns a company using a specific domain not connected to any licensed or well-known organizations with a similar name. The information is provided to avoid confusion with legitimate brands. Before engaging, verify the official website and licenses on regulators’ sites. Regulator warnings apply only within their countries. Published in accordance with our Financial Warnings & Scam Database methodology.
Extra details from Financial Markets Authority
The FMA strongly advises against responding to any offer of financial services made by Bit Pro Gain or any of its websites, including bitprogain.io and bitpro-gain.com. Bit Pro Gain says it is offering an online trading platform but is operating an investment scam.
We have received a report from a New Zealand investor who created an account with Bit Pro Gain through the website bitprogain.io, and began with a small credit card payment to the platform. The investor says that Bit Pro Gain then took several unauthorised payments from the investor’s bank account, totalling more than $250,000.
Scam uses remote access software to access financial information. When an investor creates a new account with Bit Pro Gain, they are prompted to install an app on their phone. Users are told the app will let them receive notifications about their investments. However, the app is a remote access application, which can grant Bit Pro Gain access to notifications and messages from the user’s phone and other devices. Bit Pro Gain may be able to use this access to receive users’ banking information or 2 factor authentication codes.
Bit Pro Gain is operating through multiple websites. We have concerns that bitpro-gain.com may be associated with the same investment scam, as the website offers similar services to bitprogain.io and uses the name Bit Pro-Gain. The website also displays a doctored version of a New Zealand Certificate of Incorporation.
Websites: bitprogain.io, bitpro-gain.com, bitprogain.com
Emails: support@bitprogain.io, admin@bitpro-gain.com
Addresses:
(Alleged) Stact Inc, 06 Highley St, Victoria, New York
(Alleged) 99 Bishopsgate, London, EC2m 3XD
| Company name | Bit Pro Gain |
|---|---|
| Operating geography | New Zealand |
| Specialization | Financial services |
| Regulation in New Zealand | ❌ No |
| Official site | bitprogain.io |
| Details from the regulator | Financial Markets Authority |
TU Expert Advice: Not Recommended — Possible Unregulated or High-Risk Entity
Referring to the official statements issued by the regulator, I believe it is important to highlight the key risks that investors should be aware of before considering cooperation with this company.
- The company operating under the name Bit Pro Gain and using the domain bitprogain.io is not regulated by Financial Markets Authority and may not have the legal authorization to provide financial services in New Zealand. Financial Markets Authority has issued a warning advising investors to exercise extreme caution when engaging with such entities.
Before cooperating with the company, verify its regulation in your country, confirm registration via official sources, and ensure management transparency.
For safer investing, choose only verified financial partners. Use our 'Find my broker' tool to find licensed and reputable companies.
Which sources were utilized to evaluate the security of Bit Pro Gain?
The following information was used for the analysis and assessment of Bit Pro Gain reliability:
- Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
- Information from regulators' registries, including warnings, comments, and publications by regulators.
- Data from analytical portals, including reviews, complaints, and claims filed by traders.
The latest database update: June 04, 2026.
Why do we have the expertise to assess the reliability of Bit Pro Gain?
Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies. Every month, we publish important insights on this topic.
Conclusion Before starting to work with a broker, gather as much information about the company as possible. Compare its registration address and phone numbers across different resources. Ensure that the user agreement matches the company you intend to work with. Check the website for inactive links or layout errors.
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.