Finbitex Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-18 18:06Abstract：Finbitex is an unregulated trading platform basethe d in Marshall Islands that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex, CFDs, and cryptocurrency.
Note: Finbitexs official website: https://finbitex.com is currently inaccessible normally.
| Finbitex Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs, Cryptocurrencies |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trader, Desktop Platform, Mobile Platforms (Android, iOS) |
| Min Deposit | $250 |
| Customer Support | Email: support@finbitex.com |
Finbitex Information
Finbitex offers trading services for cryptocurrencies, CFDs, and forex. Although the platform is unlicensed and presents dangers to investors, it offers five different account types with a range of perks and tools.
Pros and Cons
| Pros | Cons |
| Wide range of tradable instruments | Not regulated |
| Multiple account types with bonuses | High minimum deposit for some accounts |
| User-friendly platforms for all devices | No demo or Islamic (swap-free) accounts |
Is Finbitex Legit?
Finbitex has no active financial licenses and is unregulated. Despite having a Marshall Islands registration, it is not subject to the supervision of respectable financial authorities like the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA).
On January 28, 2018, the domain finbitex.com was registered. Its last upgrade is planned for October 8, 2024, and it will expire on January 28, 2025.
What Can I Trade on Finbitex?
By providing trading in Forex, CFDs, and cryptocurrencies, Finbitex gives users access to a wide range of financial products.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
Account Types
Five distinct active account kinds are available from Finbitex, each with special benefits and initial deposits. Demo accounts and Islamic (swap-free) accounts are not specifically mentioned by the broker.
| Account Type | Basic | Silver | Gold | Platinum | Black (VIP) |
| Minimum Deposit | $250 | $1,000 | $5,000 | $10,000 | Managed Account |
| Bonus | 20% Welcome Bonus | 60% Welcome Bonus | 80% Welcome Bonus | 100% Welcome Bonus | Special Bonus |
| Features | Access to education center, market reviews | Webinars and market research | Advanced tools and arbitrage opportunities | Personalized support and trading tools | Signals on demand, managed funds |
| Suitable For | Beginners with minimal investment | Intermediate traders | Experienced traders | High-volume traders | VIP clients and large investors |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| Web Trader | ✔ | Web Browsers | Traders preferring browser-based trading |
| Desktop Platform | ✔ | Windows/Mac | Professional traders requiring advanced tools |
| Mobile Platform (Android) | ✔ | Android Devices | On-the-go traders using Android devices |
| Mobile Platform (iOS) | ✔ | iOS Devices | Apple users looking for mobile trading |
Deposit and Withdrawal
There are no fees for deposits or withdrawals stated clearly by Finbitex. $250 is the minimum deposit.
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