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Score

1.45 /10
Danger

fxbitmarket

United States

2-5 years

Suspicious Regulatory License

High potential risk

https://www.fxbitmarket.com

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Score

Regulatory Index0.00

Business Index6.54

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

fxbitmarket.com

Company Abbreviation

fxbitmarket

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

fxbitmarket · Company summary
fxbitmarket Review Summary
Founded2024
Registered Country/RegionUnited States
RegulationUnregulated
Market InstrumentsForex, crypto, indexes, stocks, energy and commodities
Demo Account✅
LeverageUp to 1:500
Spread/
Trading Platformfxbitmarket trading software
Min Deposit$500
Customer SupportLive chat, contact form
Phone: +1 (628) 252‑6574
Email: support@fxbitmarket.com
Social media: YouTube, Facebook, Instagram and Twitter
Address: 1041 Elm St, Dallas, TX

fxbitmarket offers assorted trading assets. It offers six types of live accounts and demo accounts available through their trading software. However, it is under unregulated status and their minimum deposit is high of $500.

fxbitmarket's homepage

Pros and Cons

Pros Cons
Various trading instrumentsEstablished newly
Multiple ways to contactUnregulated
Demo accounts availableNo MT4 or MT5
High minimum deposit

Is fxbitmarket Legit?

fxbitmarket operates their business without regulations. The domain fxbitmarket.com was registered on March 18, 2024. Its current status is clientTransferProhibited, which means that the domain cannot be transferred to another registrar without the owners permission.

Domain information

What Can I Trade on fxbitmarket?

fxbitmarket offers trading in forex, crypto, indexes, stocks, energy and commodities.

Tradable Instruments Supported
Forex✔
Energy✔
Index✔
Cryptocurrencies✔
Commodities✔
Stocks✔
Bonds❌
Mutual Funds❌
What Can I Trade on fxbitmarket?

Account Type

fxbitmarket offers six types of accounts: the Mini, Bronze, Silver, Gold, Platinum, and Forex Signals accounts. Forex signals account with a success rate of up to 95%, delivering up to 10 signals per day. Support is available 24/7, and payment can be made using Bitcoin only. Besides, demo accounts are available.

Account TypeMinimum Deposit
Mini $500
Bronze $1,000
Silver$5,000
Gold $10,000
Platinum $30,000
Forex SignalsPayment with Bitcoin only
Account comparison

Leverage

fxbitmarket offers leverage of 1:500 in which traders can control larger positions with a smaller amount of capital.

fxbitmarket Fees

fxbitmarket offers commission rates starting at 0.08%, and its traders are exempt from UK Stamp Duty. The minimum deposit requirement for transactions in Bitcoin (BTC) is 50 GBP. Additionally, there is a standard network fee of 0.0005 BTC charged for allocating funds via the Blockchain network.

Trading Platform

fxbitmarket offers trading software downloaded via Play Store or App store. The trading platform offers fast execution, low commissions, and access to over 3,000 global markets. On their platform, trading tools, real-time signals, and extensive education resources are also available.

Trading Platform

Deposit and Withdrawal

fxbitmarket accepts credit/Debit Card, Bank Wire Transfer and Bitcoin. For Bitcoin deposits, you will be given a Bitcoin address to which you can send your funds and they will be loaded to your account upon receipt. The minimum deposit in BTC is 50 GBP.

There are no fees for depositing with either Credit/Debit card or even Wire Transfer. When depositing or withdrawing via Bitcoin, ALERTSIGNALSNATION will not charge a fee, however, there is a standard networking fee of 0.0005 BTC when allocating funds through the Blockchain network.

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User comment

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ABILI60848
more than one year
I had a rather disappointing experience with FXBITMARKET – not even worth a single star. Once you navigate through their initial phases, specifically the first and second stages, they conveniently reject your fund account. It's safe to say, FXBITMARKET turned out to be nothing more than a scam.
I had a rather disappointing experience with FXBITMARKET – not even worth a single star. Once you navigate through their initial phases, specifically the first and second stages, they conveniently reject your fund account. It's safe to say, FXBITMARKET turned out to be nothing more than a scam.
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2024-01-09 18:39
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乐湖峰
more than one year
There are too many Forex brokers like FXBITMARKET, all are average and you can not find any unique points worth trading with, the trading products are very conventional, the trading conditions are very average, the trading platform is not subject to MT4 and MT5, and the most important thing is not regulated. I don't understand why such a broker also has customers, and I always think that these customers are deceived to invest with them.
There are too many Forex brokers like FXBITMARKET, all are average and you can not find any unique points worth trading with, the trading products are very conventional, the trading conditions are very average, the trading platform is not subject to MT4 and MT5, and the most important thing is not regulated. I don't understand why such a broker also has customers, and I always think that these customers are deceived to invest with them.
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2023-03-20 15:02
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