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
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.
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
Trading Platform
Customer Service
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.
