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FxBit Trade

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.fxbittrade.online

Website

Rating Index

Contact

+44 7520 632023
support@fxbittrade.online
https://www.fxbittrade.online
3 Temasek Ave, Office 7 35-37 Ludgate Hill London, EC4M 7JN

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Kingdom
Operating period
2-5 years
Company Name
FxBit Trade
Abbreviation
FxBit Trade
Company employee
--
Customer Service Email Address
support@fxbittrade.online
Contact number
00447520632023
Company address
3 Temasek Ave, Office 7 35-37 Ludgate Hill London, EC4M 7JN
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Account Information
Website
Company Summary
Review

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Official website

Website

  • fxbittrade.online

    Server Location

    United States

    Website Domain Name

    fxbittrade.online

    Server IP

    198.54.114.184

Company Summary

Note: The official website of FxBit Trade, https://www.fxbittrade.online, is currently not operational and cannot be accessed. As a result, gathering detailed and up-to-date information about the broker from official sources is not possible.

FxBit Trade Review Summary
Founded 1-2 years
Registered Country/Region United Kingdom
Regulation Unregulated
Market Instruments N/A
Demo Account Unavailable
Leverage 1:500
EUR/ USD Spreads 1.5 pips (Std)
Minimum Deposit $500
Customer Support Email, Phone

What is FxBit Trade?

FxBit Trade is a trading platform that offers a range of trading accounts to cater to different types of traders. The platform provides a maximum leverage of 1:500, which allows traders to amplify their potential profits.

However, it's important to note that at the moment, FxBit Trade does not have valid regulation or oversight from any government or financial authority. Additionally, the current inaccessibility of FxBit Trade's official website further raises concerns about the reliability and credibility of the trading platform.

FxBit Trade

In the following article, we will examine the features of FxBit Trade from different perspectives and present the information in a clear and organized manner. If you are interested, please continue reading to gain insight into the broker's characteristics. We will also provide a brief conclusion at the end of the article to summarize the key points, allowing you to quickly grasp the broker's attributes.

Pros & Cons

Pros Cons
  • Account variety
  • Website is unavailable
  • No demo accounts
  • High minimum deposit
  • No social media presence

Pros of FxBit Trade:

- Account Variety: FxBit Trade offers a range of trading accounts, including VIP, Premium, Standard, and Classical accounts, allowing traders to choose the account type that suits their needs and preferences.

Cons of FxBit Trade:

- Unavailable Website: The inaccessibility of FxBit Trade's official website raises concerns and may indicate potential issues with the platform's reliability and credibility.

- No Demo Accounts: The absence of demo accounts limits traders' ability to test the platform and its features before committing real funds, which may pose a disadvantage to new or cautious traders.

- High Minimum Deposit: FxBit Trade imposes a high minimum deposit requirement, making it less accessible for traders with limited initial investment capital.

- No Social Media Presence: The lack of social media presence raises questions about FxBit Trade's engagement and communication with its user base, potentially limiting access to timely updates and support.

Is FxBit Trade Safe or Scam?

Investing with FxBit Trade involves certain risks due to the absence of valid regulation and the inaccessibility of their official website. This means that there is no oversight from government or financial authorities, and there are concerns about the reliability and credibility of the trading platform. It is crucial to conduct thorough research and carefully assess the potential risks and rewards before deciding to invest with FxBit Trade. As a general rule, it is advisable to choose brokers that are well-regulated to ensure the safety and protection of your funds.

No license

Account Types

FxBit Trade offers different types of trading accounts to cater to the needs and preferences of various traders. These account types include VIP, Premium, Standard, and Classical accounts, each with its own minimum deposit requirement.

Account Type Minimum Deposit
VIP $5,000
Premium $2,500
Standard $1,000
Classical $500

Traders can choose the account type that suits their investment goals and financial capabilities. It's important to note that each account type may offer different features, benefits, and trading conditions, so it's recommended to review the details provided by FxBit Trade to determine the best account type for your trading needs.

Leverage

FxBit Trade offers a maximum leverage of 1:500. Leverage is a tool provided by brokers that allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:500, a trader can control a position that is 500 times larger than their account balance.

High leverage can potentially amplify profits as even small market movements can result in significant gains. However, it's important to understand that leverage also magnifies losses. Trading with high leverage carries a higher level of risk, as even a small adverse market movement can lead to substantial losses that exceed the initial investment.

Spreads & Commissions

FxBit Trade offers different account types with varying spreads for their clients. The spreads represent the difference between the buying and selling prices of a currency pair and act as a transaction cost for traders. Here is a brief overview of the spreads offered by FxBit Trade:

Account Type Spreads (Starting From) Commission
VIP 0.6 pips None
Premium 1.2 pips
Standard 1.5 pips
Classical 1.9 pips

Furthermore, it is worth noting that FxBit Trade does not charge any commission for their clients. This means that traders do not have to pay additional fees for each trade executed. However, it's important to consider that while there are no direct commissions, spreads play a role in the overall transaction cost.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 7520 632023

Email: support@fxbittrade.online

info@fxbittrade.online

Address: 3 Temasek Ave, Office 7 35-37 Ludgate Hill London, EC4M 7JN

Case postale 236 Avenue de la Gare 39 1001 Lausanne Switzerland

Englewood, FL 34223, United States of America

18/9 Castlereagh St Sydney NSW 2000 Australia

Conclusion

In conclusion, FxBit Trade is a trading platform that offers various account types and leverage options for traders. However, it is important to highlight that FxBit Trade currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of funds, as well as the transparency and reliability of the platform's operations.

Frequently Asked Questions (FAQs)

Q 1: Is FxBit Trade regulated?
A 1: No. FxBit Trade currently has no valid regulation.
Q 2: How can I contact the customer support team at FxBit Trade?
A 2: You can contact via phone, +44 7520 632023 and email, support@fxbittrade.online and info@fxbittrade.online.
Q 3: Does FxBit Trade offer demo accounts?
A 3: No.
Q 4: What is the minimum deposit for FxBit Trade?
A 4: The minimum deposit is $500.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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