BITEX TRADER Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-13 15:28

Abstract：BITEX TRADER, allegedly registered in Germany, is an unregulated forex broker that claims to offer a range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. However, the broker's official website is currently inaccessible, and there is a lack of transparency regarding its operations.

　　Note: BITEX TRADER's official website - https://bitextrader.com/ is currently inaccessible normally.

BITEX TRADER Review Summary
Founded	/
Registered Country/Region	Germany
Regulation	No Regulation
Market Instruments	Forex, commodities, indices, stocks, cryptocurrencies
Demo Account	✅
Leverage	/
Spread	/
Trading Platforms	Web-based platform
Minimum Deposit	EUR 250
Customer Support	Tel: +49 (30) 56838059
	Email: support@bitextrader.com
	X, Facebook, Instagram, YouTube, Linkedin
	Address: Georgia, Kutaisi City, Automshenebeli str. №88

　　BITEX TRADER, allegedly registered in Germany, is an unregulated forex broker that claims to offer a range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. However, the broker's official website is currently inaccessible, and there is a lack of transparency regarding its operations.

Pros and Cons

Pros	Cons
Diverse tradable assets	Non-functional website
Demo accounts	Lack of transparency
	No regulation
	Maintenance fee charged
	No MT4/5
	High minimum deposit
	Only crypto payments supported
	Withdrawal fee charged

Is BITEX TRADER Legit?

　　At present, BITEX TRADER lacks valid regulation. We advise you to look for other regulated brokers.

What Can I Trade on BITEX TRADER?

　　BITEX TRADER claims to offer forex, commodities, indices, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　There is no info about account types that BITEX TRADER offers. The only thing we know about their accounts is the min deposit requirement: EUR 250.

Fees

　　BITEX TRADER will charge a fixed maintenance fee of $100 every three months on the account, in case there are funds available. If the funds are less than the amount specified, there will be a notification and in case there is no response from the trader, the broker reserves the right to close or archive the account.

　　For accounts that are inactive for more than 90 days, BITEX TRADER might close your positions. However, the broker doesn't bother to disclose the specific information on the inactivity fee.

　　Hedging positions, on the other hand, are subject to an administration fee of 0.1% of the volume of the account and these can be closed after 21 days without further notice to the trader.