Score

1.39 /10
Danger

BITFXTRADE

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.05

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BITFXTRADE · Company summary

General Information & Regulation

General Information & Regulation

BITFXTRADE presents itself as a company registered in the United Kingdom that specializes in both forex and cryptocurrency exchange, claiming to provide its clients with 12% referral commissions, as well as a choice of four different trading plans. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that BITFXTRADE does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.07/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

BITFXTRADE advertises that it mainly offers forex and cryptocurrency exchange investment services.

Trading Plans

BITFXTRADE claims to offer plans, namely Plan1, Plan2, Plan3 and Plan4. The minimum initial deposit amount is only $50 for Plan1, while the other three plans have much higher minimum initial capital requirements of $300, $2,000 and $5,000 respectively.

Trading Plans

Commissions

BITFXTRADEs website openly states that the company offers up to 12% referral commissions.

Deposit & Withdrawal

BITFXTRADE says that it currently accepts payments for deposits from a variety of processors and cryptocurrencies including PerfectMoney, Bitcoin, Litecoin, Ethereum, Dash and Dogecoin. The broker also says it plans to add Payeer and Advcash during Phase 2 of its project.

The minimum initial deposit requirement is said to be only $50 while the maximum deposit amount is unlimited. The minimum withdrawal amount is $60 for cryptocurrencies. Deposits and withdrawals are said to be instant and free of charge.

Deposit & Withdrawal

Customer Support

BITFXTRADE‘s customer support can be reached by email: admin@bitfxtrade.ltd, live chat or send messages online to get in touch. Company address: Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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FX1134818247
more than one year
Stay clear and avoid risking your money with BITFXTRADE, I had to learn the hard way and it put my whole life in disarray. Who can come to my rescue and got my deposits back from this pretender?!
Stay clear and avoid risking your money with BITFXTRADE, I had to learn the hard way and it put my whole life in disarray. Who can come to my rescue and got my deposits back from this pretender?!
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2022-12-13 14:03
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摩羯馗
more than one year
Bixtarde is a 100% scammer. It is definitely the last broker you want to trade with. They induced me to deposit $1200 on 6th November, then i made some profits. When I told them I wanted to withdraw my funds, they began to change their faces suddenly, blocking my account, rejecting my withdrawal request. Do whatever they could to steal my money. So speechless, these ********!!!
Bixtarde is a 100% scammer. It is definitely the last broker you want to trade with. They induced me to deposit $1200 on 6th November, then i made some profits. When I told them I wanted to withdraw my funds, they began to change their faces suddenly, blocking my account, rejecting my withdrawal request. Do whatever they could to steal my money. So speechless, these ********!!!
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2022-12-08 17:47
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