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BidTrade -

Score

1.39 /10
Danger

BidTrade

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://bidtrade.net

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Score

Regulatory Index0.00

Business Index6.07

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 763377) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

BidTrade · Company summary

Note: BidTrade's official website - https://bidtrade.net is currently inaccessible normally.

BidTradeReview Summary
Founded2023
Registered Country/Region/
RegulationFCA (Suspicious clone)
Market Instruments/
Demo Account/
LeverageUp to 1:100
Spread/
Trading PlatformWeb-based
Min Deposit$250
Customer SupportTel: +4001179181216
Address: 50 Broadway, London, SW1H 0BL, UNITED KINGDOM

BidTrade was registered in 2023. Information about this company is scarce, and what is clear is that it uses its own web-based trading platform, and the minimum deposit is $250, with a maximum leverage of 1:100. Moreover, it holds a suspicious clone FCA license, and the potential risks are pretty high.

Pros and Cons

Pros Cons
NoneInaccessible website
Suspicious clone license
Not supported by MT4 or MT5
High minimum deposit
Only email support

Is BidTrade Legit?

No, BidTrade holds a suspicious clone license. Since its website is inaccessible and its own trading platform is not stable, the potential risks are rather high, and please be aware of the risks!

Regulatory AuthorityFinancial Conduct Authority (FCA)
Regulatory Status Suspicious Clone
Regulated by United Kingdom
Licensed Institution Bids Trading Limited
Licensed TypeAppointed Representative (AR)
Licensed Number763377
Suspicious clone FCA license
FCA warning

Leverage

In BidTrade, the leverage can be up to 1:100. When the leverage is high, potential risks may also be high. Therefore, please be careful and weigh the risks before investing.

Trading Platform

BidTrade uses its own web-based trading platform.

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web Trader

User Reviews

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User comment

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Comments

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FX1378407069
more than one year
As a user who had an account with BidTrade, I was shocked to learn that their regulatory license was actually a cloned one. It is unacceptable for a company to operate under false pretenses and deceive its clients. This raises serious concerns about their credibility and integrity. I'm withdrawing my money now.
As a user who had an account with BidTrade, I was shocked to learn that their regulatory license was actually a cloned one. It is unacceptable for a company to operate under false pretenses and deceive its clients. This raises serious concerns about their credibility and integrity. I'm withdrawing my money now.
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2023-03-20 10:20
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ywjbc
more than one year
Don't invest in BidTrade. It is a SCAM be warned!! They keep asking you to invest more and more until they think they cannot get any more out of you. They will not let you withdraw your money.
Don't invest in BidTrade. It is a SCAM be warned!! They keep asking you to invest more and more until they think they cannot get any more out of you. They will not let you withdraw your money.
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2023-03-07 16:51
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