Bitfargo-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2022-03-16 18:13

Abstract：Bitfargo is an emerging broker with a focus on cryptocurrencies, and the company was registered in Saint Vincent and the Grenadines with the resident at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, and the Grenadines.

Official Website Unavailable

The broker's official website does not work, and the information is not available on other websites as well, thus, clients only take a poorly-conceived browse. In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Besides, the official website is as follows: https://www.bitfargo.io/home

General Information

Bitfargo is an emerging broker with a focus on cryptocurrencies, and the company was registered in Saint Vincent and the Grenadines with the resident at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, and the Grenadines.

Market Instruments

In addition to the cryptocurrencies (BTC & XRP & LTC ), Bitfargo also offers traders a world-class trading experience with hundreds of tradable financial instruments including Forex (FX), Commodities, Stocks, as well as Indices.

Accounts & Leverage

Bitfargo provides the trader with three types of account, based on ones initial investment, Bitfargo offers multiple account types including Basic Account, Gold Account, as well as Platinum Account with very different conditions, besides, the minimum amount varies from 10,000 USD to 250,000 USD, for instance, the Basic Account sets a limit to the minimum deposit for 10,000USD, and the clients who would like to be the member of the Gold Account have to deposit the money of 50,000 USD, and the amount for the Platinum Account is no less than 250,000 USD. In addition, it is said that the leverage is capped at 1:200.

Spreads & Commissions

All the info we know is that the broker offers a high spread that the spread starts from 2.0 pips for EUR/USD pairs, whats more, not any commission info referred on the other websites.

Trading Platform

Bitfargo is non MT4/MT5 software provider, instead, clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators.

Deposit & Withdrawal

Bitfargo accepts deposits via Bitcoin and wire transfers.

Customer Support

If in any doubts as to transactions, please call at +442039877739 or e-mail at support@bitfargo.io within a reasonable time.

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker

Related broker

No Regulation

Bitfargo

Company name：Bitfargo

Score

1.47

Website：https://www.bitfargo.io/home

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.47

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