General Information
Bitxtream is an online forex broker registered in the Saint Vincent and the Grenadines, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and through its in-house trading platform.
Bitxtream is a broker that operates without valid regulation, presenting potential risks for traders. The lack of regulatory oversight raises concerns about the security and reliability of the broker's services. Bitxtream offers a diverse range of trading instruments across six major asset classes, including cryptocurrencies, spot metals, forex, spot indices, commodities, and futures. However, it is crucial to note that engaging with an unregulated broker entails certain risks that traders should be cautious about.
The broker provides four different account types: Beginners, Positional, Scalpers, and Professional, catering to traders with varying needs and deposit sizes. Each account type offers specific features, such as leverage, lot size, and spreads, but lacks detailed information on additional benefits or trading conditions. Bitxtream supports various payment methods for deposits and withdrawals, including credit/debit cards, electronic payment platforms like Skrill and Neteller, wire transfers, and digital currencies like Bitcoin.
Bitxtream's trading platforms include Mtrader for Windows, Mtrader mobile apps for Android and iOS, offering advanced trading features, access to a wide range of tradable assets, and user-friendly interfaces. While the platforms provide powerful analytical tools, copy trading functionality, and compatibility across multiple devices, there is limited information on platform security measures and integration with third-party platforms.
Customer support is available 24 x 5 through online communication channels, such as Skype and email. Traders can also follow Bitxtream's social media accounts on Twitter, Facebook, Instagram, and YouTube for news and updates. It is important to note that the lack of regulatory oversight raises concerns about the transparency and trustworthiness of the broker.
In conclusion, Bitxtream operates as an unregulated broker, offering a variety of trading instruments across different asset classes. However, traders should be aware of the risks associated with trading with an unregulated broker and exercise caution when considering this platform.
Pros and Cons
Bitxtream is an unregulated broker based in Saint Vincent and the Grenadines. While it offers a variety of trading instruments across different asset classes, users should exercise caution due to the lack of regulatory oversight. The platform provides opportunities for diversification and potential profits from price movements. It grants access to global markets and offers high leverage ratios, allowing for increased returns. However, there are inherent risks associated with each asset class, and the potential for high volatility should be taken into consideration. Additionally, the broker lacks detailed information on additional features, benefits, and trading conditions, and its regulation status and trustworthiness are not mentioned.
Is Bitxtream Legit？
Bitxtream, a broker, is currently not regulated. It is important to note that this lack of regulation poses certain risks. Users should exercise caution and be fully aware of the potential consequences when engaging with an unregulated broker.
Market Instruments
Bitxtream provides clients with access to various popular and mainstream financial markets. Currency pairs, and a series of CFD products on Indices, Commodities, Stocks, Metals, Energies can be traded.
Cryptocurrencies: Cryptocurrencies have gained significant value over the past eight years. They are digital currencies based on blockchain technology and offer opportunities for investors to trade and profit from price fluctuations.
Spot Metals: Spot metals include both precious metals (such as gold and silver) and industrial metals. These metals have global demand due to their rarity and various industrial applications. Trading spot metals allows investors to take advantage of price movements in these markets.
Forex: Forex, or foreign exchange, is a decentralized market where currencies are traded. Bitxtream offers leverage FX trading, allowing investors to participate in the interlinked currency exchange network and trade currencies electronically through the Mtrader platform.
Spot Indices: Spot indices represent the overall performance of the stock market or specific sectors. These indices consist of a portfolio of stocks that represent the broader economy. Trading spot indices provides an opportunity to speculate on the overall market trends.
Commodities: Bitxtream enables trading in commodities, which are tangible goods or primary products that are widely traded. Investors can purchase stocks of publicly traded firms involved in commodity production, granting them partial ownership of these corporations.
Futures: Futures are standardized financial contracts or derivative instruments. These contracts oblige the parties involved to transact a set of financial instruments at a predetermined price and future date. Futures trading allows investors to speculate on the future price movements of various assets.
Account Types
Bitxtream offers four different trading account types: Beginners, Positional, Scalpers, and Professional. Each account type caters to different trading needs and preferences.
BEGINNERS ACCOUNT
The Beginners account requires a minimum deposit of $100 to $2499. It offers a lot size of 0.01, minimum volume of 0.01, leverage of 1:500, and a low spread of 0.03 on EUR/USD. It also includes a commission.
POSITIONAL ACCOUNT
The Positional account is designed for traders with a deposit range of $500 to $4999. It offers similar features to the Beginners account, including a lot size of 0.01, minimum volume of 0.01, and leverage of 1:500. However, it has a slightly higher spread on EUR/USD at 1.3 and does not charge any commission.
SCALPERS ACCOUNT
The Scalpers account is suitable for more active traders with a deposit range of $1000 to $9999. It provides a lot size of 0.01, minimum volume of 0.01, leverage of 1:500, and a low spread of 0.1 on EUR/USD. Similar to the Beginners account, it also includes a commission.
PROFESSIONAL ACCOUNT
The Professional account is designed for experienced and high-volume traders, requiring a minimum deposit of $5000 or more. It offers the same lot size, minimum volume, leverage, and spread on EUR/USD as the Scalpers account (0.01, 0.01, 1:500, and 0.1, respectively). Additionally, it includes a commission.
How to open an account with Bitxtream？
Both live and demo account can be opened easily with the Bitxtream platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:
Click on the “Create An Account” link on the homepage of the Bitxtream website.
2. Fill in some required details and upload your personal document for verification.
3. After approval, your account will be registered successfully.
4. Fund your account and start to trade on this platform.
Leverage
The maximum trading leverage that traders can use with the Bitxtream platform is up to 1:500, significantly higher than levels considered appropriate for retail traders by many regulatory authorities.
Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders. Offshore forex brokers love to employ this tactic to attract more investors.
Spreads & Commissions
The Gold account charge no commission, with spread on EUR/USD as low as 1.3 pips. Another three accounts offers relatively competitive spreads, with a certain commission charged.
The spreads and commissions for various currency pairs are provided in the table. The commission structure is categorized into tiers, with different maximum payments (CPAs) depending on the tier. The commission amounts vary for different account types and currency pairs.
Trading Platform
MTRADER FOR WINDOWS
The Mtrader platform for Windows is a state-of-the-art trading platform that caters to advanced trading needs. It offers advanced auto trading systems, technical tools, and copy trading features. With a wide selection of asset classes available, including stocks, commodities, indices, ETFs, forex, and cryptocurrencies, Mtrader provides ample opportunities for traders. The platform is feature-rich and ensures superior execution.
BITXTREAM MTRADER BENEFITS
Bitxtream's Mtrader platform boasts a range of benefits for traders. It offers competitive spreads on more than 100 different stocks, making it an attractive option. Traders can create their own algorithmic trading robots or download them from the store, thanks to the Mtrader Expert Advisors feature. The platform also provides a wide choice of shares, commodities, indices, ETFs, forex, and cryptocurrencies, increasing trading opportunities. With powerful analytical tools, flexible and interactive charts, and easy accessibility across multiple devices, Mtrader enhances trading experiences. Additionally, the platform prioritizes security through data encryption and offers user-friendly features for convenience.
MTRADER MOBILE APPS
The Mtrader apps by MetaQuotes are available for both Android and iOS devices, offering traders the flexibility to access the markets anytime and anywhere. These apps provide fast and reliable trading functionality, allowing users to execute trades with just one touch. With access to over 300+ tradable assets and a variety of order types, traders can engage in trading activities on the go.
MTRADER FOR iOS
Traders can download the Mtrader mobile application for iOS devices, such as iPhones and iPads, to trade directly from their devices. This user-friendly application ensures seamless trading experiences on iOS devices, enabling traders to access the global financial market from anywhere.
MTRADER FOR ANDROID
The Mtrader Android app provides traders with in-depth market information and essential trading functions on their Android mobile devices. With this app, traders can access data, charts, and execute trades conveniently.
Overall, Bitxtream offers various trading platforms, including Mtrader apps for mobile devices, Mtrader for Windows, and Mtrader for iOS and Android. These platforms provide traders with access to a wide range of tradable assets, advanced trading features, and user-friendly interfaces to enhance their trading experiences.
Payment Methods
BITXTREAM offers several payment methods for depositing and withdrawing funds. Clients have the option to use popular credit and debit card options such as VISA and MasterCard. Additionally, electronic payment platforms like Skrill and Neteller are available for transactions. Wire transfers can also be utilized for deposits and withdrawals. Furthermore, Bitxtream accepts digital currencies like Bitcoin, providing clients with an alternative method for managing their funds. Perfect Money is another payment option offered by Bitxtream. These payment methods allow clients to conveniently manage their transactions within the platform.
Customer Support
Bitxtream offers 24 x5 customer support. Traders with any inquires or trading-related problems can get in touch with this broker through the following methods:
Online Communication
Skype support@bitxtream.com
Email: support@bitxtream.com
Or you can also follow this brokerage house on some social media platforms, such as Twitter, Facebook, Instagram, Twitter, Youtube and more.
Conclusion
In conclusion, Bitxtream is an unregulated broker that offers a range of trading instruments across various asset classes. While the platform provides opportunities for diversification, profit from price movements, and access to global markets, it is important to consider the potential risks associated with trading with an unregulated broker. The lack of regulatory oversight, potential for high volatility, and market complexities requiring expertise are notable disadvantages. On the other hand, Bitxtream offers different account types to cater to various trading needs, high leverage options, and customer support services through online communication channels. Traders should carefully evaluate these factors and exercise caution when considering engagement with Bitxtream.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
FAQs
Q: Is Bitxtream a regulated broker？
A: No, Bitxtream is currently not regulated. Traders should be aware of the risks associated with engaging with an unregulated broker.
Q: What trading instruments does Bitxtream offer？
A: Bitxtream offers a variety of trading instruments across six major asset classes, including cryptocurrencies, spot metals, forex, spot indices, commodities, and futures.
Q: What are the pros and cons of trading with Bitxtream？
A: Pros of trading with Bitxtream include diversification across various asset classes, opportunities to profit from price movements, access to global markets, and potential leverage. Cons include the potential for high volatility, lack of regulatory oversight in some cases, inherent risks associated with each asset, and market complexities requiring expertise.
Q: What are the different account types offered by Bitxtream？
A: Bitxtream offers four different trading account types: Beginners, Positional, Scalpers, and Professional. Each account type caters to different trading needs and preferences.
Q: How can I open an account with Bitxtream？
A: To open an account with Bitxtream, visit their website and click on the “SIGNUP” link. Fill in the required details and undergo the verification process. Fund your account and start trading on the Bitxtream platform.
Q: What is the leverage offered by Bitxtream？
A: Bitxtream offers a high leverage ratio of up to 1:500 for all account types. However, it's important to understand the risks associated with high leverage.
Q: What are the spreads and commissions at Bitxtream？
A: Bitxtream offers different spreads and commissions depending on the account type. The Gold account, for example, has competitive spreads as low as 1.3 pips on the EUR/USD currency pair and no commission.
Q: What payment methods are available for depositing and withdrawing funds from Bitxtream？
A: Bitxtream offers popular credit and debit card options, electronic payment platforms like Skrill and Neteller, wire transfers, and accepts digital currencies like Bitcoin for depositing and withdrawing funds.
Q: What trading platforms does Bitxtream provide？
A: Bitxtream offers the Mtrader platform for Windows, mobile apps for Android and iOS devices, and compatibility with PC, Mac, and web platforms.
Q: How can I contact Bitxtream's customer support？
A: Bitxtream provides customer support through online communication channels such as Skype and email. They also maintain a presence on social media platforms like Twitter, Facebook, Instagram, and YouTube.
2023-02-17 16:12
