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 contained in this article is for general information purposes only.
General Information & Regulation
Fx-Bittrade is allegedly a multi-asset broker registered in the United States that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 on the MT4 and MT5 trading platforms via four different account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Fx-Bittrade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.10/10. Please be aware of the risk.
Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Fx-Bittrade advertises that it offers access to a wide range of trading instruments in financial markets, including Stocks, Options, ETFs, Futures, Mutual Funds, Forex and Cryptocurrency such as Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
Account Types
Apart from demo accounts with $3,000-$5,000,000 virtual capital, Fx-Bittrade also claims to offer four types of trading accounts, namely Standard, Classic, Gold and Premium. However, it says nothing about the minimum initial deposit requirement.
Leverage
The leverage we got on the demo MT4 account is 1:100. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions
Fx-Bittrade says that all charging no commissions.
Trading Platform Available
The platform available for trading at Fx-Bittrade are the most notable and preferred trading platforms the market offers - MetaTrader4 and MetaTrader5. They are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. Theyre especially popular for their automated trading bots, a.k.a. Expert Advisors.
Customer Support
Fx-Bittrade‘s customer support can be reached by telephone: +1 (979) 428-4417, email: Support@fx-bittrade.com, or live chat. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
