Note: Bitreserve' official website: https://bitreserve.cc/ is currently inaccessible normally.
Bitreserve, an unregulated entity registered in the United States. It lacks transparency, offers an inaccessible official website, and imposes substantial transaction fees and levies for withdrawals.
Pros and Cons
Is Bitreserve Legit?
Bitreserve operates without any regulatory oversight, lacks transparency with no physical address provided, and its official website is currently inaccessible. This combination of factors raises significant concerns about the legitimacy and safety of engaging with this entity.
Leverage
Bitreserve offers the maximum leverage from 1:100 to 1:500.
Trading Platform
Bitreserve provides a web-based trading platform, but it falls short in several areas compared to the industry-standard Metatrader 4, particularly regarding automated trading capabilities. This absence of important features often found in established trading platforms can be a major drawback for traders seeking advanced trading tools and functionalities.
Deposit and Withdrawal
Bitreserve allows deposits via credit cards and wire transfers but imposes transaction fees on withdrawals. Even if you meet the 200 times turnover requirement to avoid the additional 10% levy, youll still face a minimum withdrawal charge of $35. The fees vary by withdrawal method: $50 for wire transfers, $25 for credit cards, and $25 for ePayments, with an extra processing fee of $10, €7, or £5 for credit cards and ePayments. Additionally, accounts with less than 200 in turnover are subject to a 10% levy on withdrawals.
Customer Service
The Bottom Line
Bitreserve is not a good choice to trade. It is not regulated. Their website is not available, causing blur trading conditions. Whats more, they charges unreasonable withdrawal fees. Therefore, traders had better find another broker who are regulated well.
FAQs
Is Bitreserve safe?
No. It has not regulated,
Is Bitreserve a good for beginners?
No. Their trading conditions are not transparent and safe.
What security measures does Bitreserve have in place to protect my funds and personal information?
No.
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