BITMART EXPO-Some Important Details about This Broker

BITMART EXPO | 2023-01-04 18:14

Resumo：Registered in Hungary, BITMART EXPO is an offshore company that claims to be licensed and legitimate, but is none of that in reality. BITMART EXPO claims that it provides a series of forex and CFD trading services, with the maximum trading leverage up to 1:100, and $250 is required to get started with this broker.

Basic	Information
Registered Countries	Hungary
Regulation	No License
Minimum Deposit	$250
Maximum Leverage	1:100
Minimum Spread	N/A
Trading Platform	Webtrader
Trading Assets	Forex, Cryptocurrencies
Payment Methods	Crypto assets
Customer Support	Email, Telephone support

General Information

Registered in Hungary, BITMART EXPO is an offshore company that claims to be licensed and legitimate, but is none of that in reality. BITMART EXPO claims that it provides a series of forex and CFD trading services, with the maximum trading leverage up to 1:100, and $250 is required to get started with this broker.

BITMART EXPO is not oversighted by any regulator, and thats why WikiFX has given it a very low score of 1.08/10. Please be aware of the risk, for trading with an unregulated broker is a surefire way to lose your money.

Minimum Deposit

The minimum deposit to get started with this broker is said to be $250, not a large amount, though. Investors should take extra vigilance, for few genuine brokers would ask for so much initial deposit, basically around $100.

Spreads & Commissions

Although BITMART EXPO hypes that it provides spreads below 1 pips, this is doubtful.

Unregulated brokers promises cannot be necessarily trusted, for all they want to do is lure more investors with seeming attractive spreads.

Leverage

When it comes to leverage, provides its customers with access to 1:100, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

What BITMART EXPO provides is not the MT4 OR MT5 trading platform, a simple webtrader instead. Popular features like automated trading, that can be found in software like industry leading MT4 or MT5, are nowhere to be seen.

Payment Methods

BITMART EXPO only supported traders to make deposits and withdrawals through various crypto assets. This is a worrying sign, for the lack of chargeback with these methods to make it difficult for their clients to get their money back.

Customer Support

If you have any inquiries or trading-related issues, the following contact information for your usage:

Telephone: +36 17011808

Email: support@bitmartexpo.com

Company Address: Budapest, Soroksári út 34, 1095 Hungary

Skanstes iela 7, K-1, Vidzemes priekšpilsēta, Rīga, LV-1013, Latvia

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

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