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No Regulation
Score
1.65 /10
Danger
bitcastle
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.03
Risk Management Index0.00
Software Index7.51
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-09-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
bitcastle information
The biggest advantage of bitcastle is its leverage up to 1:1,000. But it is unregulated, putting his customers' funds at risk.
Pros and Cons
| Pros | Cons |
| Multiple tradable assets | Not regulated |
| MT5 trading platform | Relatively new |
| Maximum leverage up to 1:1000 |
Is bitcastle Legit？
Bitcastle is not regulated in the Saint Vincent and the Grenadines. It is owned and operated by bitcastle LLC., whose registration number is 900 LLC 2021. However, there is no information available on the Financial Conduct Authority (FCA), and neither the FSA nor the ASIC.
What Can I Trade on bitcastle？
Bitcastle offers over 250 financial instruments on MT5 platform. It includes forex, metals, cryptocurrencies, commodities, indices, and energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Shares | ❌ |
Account Type
Bitcastle has two account types: Standard Account and Pro Account. It also provides demo accounts for customers to practice with. Opening an account is very easy, and all log-in steps are clear.
The standard account is suitable for beginners and the pro account is fit for professionals.
bitcastle Fees
Bitcastle fees are lower than other brokers.
Trading Fees
Standard account: spread from 1.1 pips and minimum deposit of 5,000 JPY
Pro account: spread from 0.8 pips and minimum deposit of 30,000 JPY
Non-Trading Fees
| Deposit Fee | 50 USD |
| Withdrawal Fee | Up to 270,000 yen: 4,500 yen |
| 270,000 yen and above: 2% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, WebTrader, Windows, Linux | All customers |
Customer Service
| Contact Options | Details |
| Phone | +842432022041 |
| contact@bitcastle.io | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | ❌ |
| Supported Language | English, Germany, Spanish, Japanese and so on |
| Website Language | English, Germany, Spanish, Japanese and so on |
| Physical Address | 10F Block A Song Da Building, Pham Hung Street, My Dinh I Ward, Nam Tu Liem District, Ha Noi, Viet Nam |
The Bottom Line
Overall, bitcastle offers high leverage and low fees, but it is not regulated, and there are many risks involved. Bitcastle is very suitable for risk-taking traders.
FAQs
Is bitcastle safe？
No, it is not safe, becaues bitcastle is unregulated and investors' fund safety is not guaranteed.
Is bitcastle a good for beginners？
Yes, bitcastle uses MT5 that is easy and convenient for customers to use.
Is bitcastle good for day trading？
Yes, because its fees are lower than other brokers and the leverage is up to 1:1000.
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