BT Global Information
BT Global, a brokerage company registered in China, was established in 2019. It mainly provides traders with trading opportunities for foreign exchange, precious metals, crude oil, indexes, stocks, digital currencies and other products, and supports traders to open an account with 0 yuan.
Pros and Cons
Is BT Global Legit?
BT Global is still unregulated, operating outside the law and at great risk.
What Can I Trade on BT Global?
Through BT Global, traders can trade 40 + foreign exchange products, precious metals such as gold, silver, energy such as crude oil and natural gas, Hong Kong Stock Exchange, Alibaba and other stocks, support a variety of popular index products including China 300, the United States TECH100, Hong Kong 50, Germany GER30 and digital currencies.
Account Types
BT Global accounts are divided into mini, standard, VIP three levels, different account types enjoy different preferential conditions. The broker said the higher the account level, the lower the spread/commission and overnight interest you can enjoy.
BT Global Fees
BT Global Spreads
In the forex spreads disclosed by BT Global, the EUR/USD spread is 2, while the other forex spreads remain between 2 and 5.8. In addition, most trading products can be traded commission-free, only digital currency products will be closed with a small commission fee based on the number of trades.
Non-Trading Fees
In the following cases, a certain percentage of handling fees will be charged:
If the effective margin of the transaction does not reach more than 60% of the deposit amount, 6% of the withdrawal amount shall be deducted as a handling fee;
If the last deposit is not used for trading, 6% of the withdrawal amount will be deducted as a commission;
Starting from the 4th withdrawal within 24 hours, 6% of the withdrawal amount will be deducted as a handling fee;
If a single withdrawal is less than 100USD, 6% of the withdrawal amount will be deducted as a handling fee;
Trading Platform
Deposit and Withdrawal
The broker said it would allow RMB deposits, using UnionPay cards and Alipay. Coin deposits are also supported, and digital assets can be converted into trading assets.In addition, it supports 0 yuan to open an account.
Customer Service
BT Global did not say whether it would support the 24/7 online service. Traders can get customer service by phone, email and physical address.
The Bottom Line
Although BT Global supports 0 yuan account opening, traders can choose from 3 types of accounts. However, its problems are more, this broker does not support the use of MT4/5, is not regulated, and the security risks are too high.
FAQs
Do I charge a deposit fee with BT Global?
No, traders deposit money, BT Global does not charge any fees.
What is the level of BT Global spread?
Using the floating spread mode, the spread is not fixed and may change with market liquidity fluctuations.
Does BT Global charge a currency conversion fee?
No currency exchange fee will be charged.
2024-08-26 10:09
2022-12-16 09:39
