General Information & Regulation
BITFXTRADE presents itself as a company registered in the United Kingdom that specializes in both forex and cryptocurrency exchange, claiming to provide its clients with 12% referral commissions, as well as a choice of four different trading plans. Here is the home page of this brokers official site:
As for regulation, it has been verified that BITFXTRADE does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.07/10. Please be aware of the risk.
Market Instruments
BITFXTRADE advertises that it mainly offers forex and cryptocurrency exchange investment services.
Trading Plans
BITFXTRADE claims to offer plans, namely Plan1, Plan2, Plan3 and Plan4. The minimum initial deposit amount is only $50 for Plan1, while the other three plans have much higher minimum initial capital requirements of $300, $2,000 and $5,000 respectively.
Commissions
BITFXTRADEs website openly states that the company offers up to 12% referral commissions.
Deposit & Withdrawal
BITFXTRADE says that it currently accepts payments for deposits from a variety of processors and cryptocurrencies including PerfectMoney, Bitcoin, Litecoin, Ethereum, Dash and Dogecoin. The broker also says it plans to add Payeer and Advcash during Phase 2 of its project.
The minimum initial deposit requirement is said to be only $50 while the maximum deposit amount is unlimited. The minimum withdrawal amount is $60 for cryptocurrencies. Deposits and withdrawals are said to be instant and free of charge.
Customer Support
BITFXTRADE‘s customer support can be reached by email: admin@bitfxtrade.ltd, live chat or send messages online to get in touch. Company address: Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves a significant level of 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.
