Bitmarket Trades Spreads, leverage, minimum deposit Revealed

Bitmarket Trades Information

　　Bitmarket Trades is an unregulated trading platform that started in 2001 and is situated in the US. It says that its own trading program lets you trade a wide range of financial assets, including Stocks, Options, Futures, Commodities, Indices, Forex, and CFDs.

Pros and Cons

Is Bitmarket Trades Legit?

　　No. Bitmarket Trades is not regulated. It says it does business in the U.S., but it doesn't have a license from any U.S. regulatory bodies, including the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). Please be aware of the risk!

　　WHOIS domain data show that the domain bitmarkettrades.comwas registered on August 13, 2022, and is still active. The last time the domain was changed was August 14, 2024, and it will expire on August 13, 2025. It is now in a “client transfer prohibited” state.

What Can I Trade on Bitmarket Trades?

　　Bitmarket Trades gives you access to a lot of different things you can trade. They say that traders can trade more than 19,000 stocks, 1,200 options, and 300 futures in a range of asset sectors, including stocks, indices, energy, metals, agricultural, interest rates, and CFD currency pairs.

Spreads

　　Bitmarket Trades offers tight spreads, which are usually lower than the industry average, especially for key currency pairs like EUR/USD and GBP/USD.

Trading Platform

Deposit and Withdrawal

　　Bitmarket Trades doesn't say that it charges fees for deposits or withdrawals. Deposits are processed right away (or within 1 hour for bitcoin), and withdrawals usually take 2 hours. The site doesn't say how much the minimum deposit is, and the minimum withdrawal amount depends on how much the user makes. Users can take out up to 95% of the money they have made.

　　Deposit Options

　　Withdrawal Options