Score

1.47 /10
Danger

Bitx-Option

United States

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.72

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Bitx-Option

Company Abbreviation

Bitx-Option

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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Bitx-Option · Company summary

General Information & Regulation

Bitx-Option operates on the financial market since 2019, registered in United State. Bitx-Option is not subject to any regulation.

Markets Instruments

Tradable assets offered by Bitx-option are limited, only with two choices: forex currency pairs and crypto currencies. Some popular financial instruments like indices, commodities and precious metals are not available.

Minimum Deposit

In order to start trading with Bitx-Option, you have to deposit at least 0 USD. Although we think this amount is fine, given the fact that Bitx-Option is an unregulated broker lack of credibility, traders are not advised to register real trading accounts here.

Leverage

When it comes to trading leverage, the maximum leverage offered by Bitx-option is up to 1:400, which is considered high. However, trading with an unregulated broker using high leverage is not a good option.

Spreads & Commissions

Bitx-Option says that it offers variable spreads , but does not specify spreads on particular instruments.

Trading Platform Available

When it comes to trading platform available, what Bitx-Option offers is the MT5 trading platform. The MT5 is the successor of the most popular industry solution MetaTrader4 and only builds upon its glory. Charting is still on the same top-tier level, with additional functionality, such as having the high-impact economic releases plotted on the chart. Additionally, there is a new iteration of the MQL marketplace, where traders can obtain custom tools, such as new technical indicators and automated trading systems.

Deposit& Withdrawal

Bitx-Option allows funding your account only via Debit and Credit Cards. It is a pity that some popular payment methods like paypal, Skrill and Neteller are not available.

Customer Support

The Bitx-Option customer support can be reached through email: info@Bitx-Option.com Support@Bitx-Option.com and telephone: +14452003058 as well as live chat.

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Comments

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lan9352
more than one year
Once you request a withdrawal, they will freeze your account and won't let you withdraw even your invested amount. Bitx-Option is a complete scam! Don’t trust them! Stay away!
Once you request a withdrawal, they will freeze your account and won't let you withdraw even your invested amount. Bitx-Option is a complete scam! Don’t trust them! Stay away!
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2023-02-20 14:44
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