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Bitorex

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

https://www.bitorex.com

Website

Rating Index

Contact

support@bitorex.com
https://www.bitorex.com

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!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
China
Operating period
2-5 years
Company Name
Bitorex
Abbreviation
Bitorex
Company employee
--
Customer Service Email Address
support@bitorex.com
Company website
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • bitorex.com

    Server Location

    United States

    Website Domain Name

    bitorex.com

    Server IP

    34.102.170.221

Company Summary

Bitorex Basic Information
Company Name Bitorex
Headquarters China
Regulations No license
Tradable Assets cryptocurrencies, forex, stocks, commodities, indices,
Trading Platforms Bitorex Trading Platform
Customer Support support@bitorex.com

Overview of Bitorex

Bitorex is a broker situated in China. It is an online trading platform offering a variety of financial instruments to traders. With a range of account types, traders can access the forex, metals, commodities, cryptocurrencies, shares and indices cryptocurrencies, forex, stocks, commodities, indices, through the Bitorex Trading Platform. However, it is a suspected clone may pose risks to traders, requiring careful consideration before engaging in trading activities.

Overview of Bitorex

Is Bitorex Legit?

Bitorex is no license. It is important to note that this broker currently has no valid regulation, which means it operates without oversight from recognized financial regulatory authorities. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.

Is Bitorex Legit?

Pros and Cons

Bitorex offers traders kinds of trading instrument, providing flexibility and catering to varying trading needs. However, its lack of regulation raises concerns about transparency and investor protection. Overall, while Bitorex offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.

Pros Cons
  • 5 classes of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Limited customer support options, primarily through email
  • Lack of educational resources or transparency regarding company policies and procedures

Trading Instruments

Bitorex offers five classes of trading instruments, including cryptocurrencies, forex, stocks, commodities, indices.

Trading Instruments

Spreads and Commissions

The brokers claims to offer low spreads, but it does not tell detailed information on spreads offered.

Customer Support

The company can be contacted at support@bitorex.com for any inquiries or assistance.

Conclusion

In conclusion, Bitorex presents traders with a variety of trading instrument, along with the widely used the platform, facilitating flexible and accessible trading opportunities. However, the suspected of regulatory oversight poses potential risk may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with Bitorex to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: Where is Bitorex registered?

A: Bitorex is registered in China.

Q: Is Bitorex a regulated broker?

A: No, Bitorex operates without a valid license and has no regulatory oversight.

Q: What trading platforms are available at Bitorex?

A: Bitorex offers its trading services through the Bitorex Trading Platform.

Q: Which tradable assets does Bitorex offer?

A: Bitorex offers trading in cryptocurrencies, forex, stocks, commodities, and indices.

Q: How can I contact Bitorex's customer support?

A: Customer support at Bitorex can be reached via email at support@bitorex.com.

Risk Warning

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carrieys a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk.

Keywords

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

Review 3

All(3) Latest Neutral(1) Exposure(2)
奧莉薇

Within 1 year

Taiwan

Exposure
Using sympathy to defraud investors
A Mr. Li delivered messages to me on ig, chatted and said that he didn’t use it often and asked me to add him on Line. He chatted with me every day, mostly voice messages or phone calls. He talked about his past experiences and relationships to get my trust. Later, he said that his job was anti-intrusion and he could see the data and make money. He said that he wanted to help improve my life and live a better life. He said we could live better, and taught me how to make money. In fact, I was very disgusted and thought it was a scam, but he was so serious and kept explaining that he wanted me to try it with a small amount to know whether it was true or not. He also wanted me to download Binance, VPN, and Max to bind contract transfers. He informed me that he had something, and I tried it with NT$5,000 first. He sent a link to log in from Google, and then the transaction was very fast, and it became more than 8,000 and then transferred back to the account of 6,400, which made me believe it was true. Then he asked me to invest more to make more money. The second time I invested NT$20,000, and later got back NT$26,000. He said that opportunities don’t come every day and asked me to seize the last chance. He said that there might be stricter precautions against intrusions over there, it may be the last chance. He said that he and his friends were planning to loan 20 million to invest in. The company had confidentiality regulations. He took me privately because he wanted me not to disclose it to others. He also said that he would help me invest in this privately. He told me to find a way to invest more funds, and ask friends and relatives I know to borrow money or loans. When the time comes, I will make a profit and repay others for giving me more money. During this period, I was really trying to think of a way, and he kept urging me. Later, after adding the original 26,000 yuan and borrowing 90,000 yuan to invest, he also transferred 1 million to me and said that he would eat instant noodles and sell the car for me. But he had late-night snacks with friends after work... He said it was not enough and asked me to think of another way. I was really upset every day and kept calling to borrow money. I had work to do and encountered many situations at home... Later, he called me and told me that he would take me to invest. Finally, We made a total profit of about 2 million more. But when I wanted to withdraw, it was refused. When we asked the customer service, they said that because the profit was too much, I had to pay 20% tax, which could not be deducted from the profit and had to be paid separately...I asked him if he know this would happen? He said it was all handled by the finance department, so he asked me to find a solution together. I was really dumbfounded and would be driven crazy trying to find a way to loan... It was during the Chinese New Year, so the deadline was after that. He said that he will try his best to collect money, because he has invested a lot of money in the company, so he can only get back the money slowly one by one, and the Chinese New Year is approaching and the company has to pay employees. In fact, I have always had doubts after seeing exposures, and I thought some of them looked similar... I also sent screenshots to him, and he said it was all slander. What they did for anti-intrusion was just the company operating and looking at the data, no one was scamming. I still asked him to be honest and swear to me, then I believed him. The deadline is up after the year, and I only have 40,000, which I finally found in a financial loan. He said he borrowed tens of thousands from a friend before the year, and then took me to transfer it to the customer service first. I asked him, don't you need to transfer it? He told me that he lost all his money playing cards during the New Year... Damn it! I was really shocked...I was very angry and sad and kept telling him what I felt. He said that he would pay 20% and leave 40% to me...A company boss would actually let me, a single mother who has a difficult life, pay ore taxes than him? ! So I decided to expose it, and I just hope that I can get back my principal. Please help me! 😭😭😭
02-18
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