BitFxMarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-14 13:53

Abstract：BitFxMarket is a broker registered in the United Kingdom. It claims to offer a variety of financial products and 24/7 real-time support, but the lack of regulation brings great uncertainty and risk to its operations.

　　Note: BitFxMarket's official website: https://bitfxmarket.com/ is currently inaccessible normal.

BitFxMarketReview Summary
Founded	2010
Registered Country/Region	United Kingdom
Regulation	ASIC/FCA (Suspicious Clone)
Market Instruments	Forex, and CFDs on stocks, cryptocurrencies
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	Web-based
Min Deposit	$500
Customer Support	24/7 live chat
	Phone: +1 (530) 777 5854
	Email: support@bitcoinfxoption.com, support@bitfxmarket.com

　　BitFxMarket is a broker registered in the United Kingdom. It claims to offer a variety of financial products and 24/7 real-time support, but the lack of regulation brings great uncertainty and risk to its operations.

Pros and Cons

Pros	Cons
Various market instruments	Suspicious clone ASIC licenses
Multiple investment plans	Inaccessible website
Diverse payment options	No demo accounts
	High initial deposit required
	Limited info on trading conditions
	No MT4/5
	High minimum deposit

Is BitFxMarket Legit?

　　No. BitFxMarket currently has no valid regulations. The ASIC and FCA licenses are both suspicious clones.

	Australia Securities & Investment Commission (ASIC)
Regulatory Status	Suspicious Clone
Regulated by	Australia
Licensed Institution	ETORO AUS CAPITAL LIMITED
Licensed Type	Market Making (MM)
Licensed Number	491139

	Financial Conduct Authority (FCA)
Regulatory Status	Suspicious Clone
Regulated by	United Kingdom
Licensed Institution	F1Markets Ltd
Licensed Type	European Authorized Representative (EEA)
Licensed Number	744255

What Can I Trade on BitFxMarket?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Cryptocurrencies	✔
Commodities	❌
Indices	❌
Stocks	❌

Investment Plan

Investment Plan	Return Rate
Micro	120%
Standard	140%
Gold	200%
Ultimate	250%

Deposit and Withdrawal

　　BitFxMarket's minimum deposit is $500, but no specific fees are mentioned. BitFxMarket claims to offer over 70 payment methods, including credit cards, digital currencies, and money transfers/electronic funds transfers (EFT).