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BITEX TRADER

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/RegionGermany
RegulationNo Regulation
Market InstrumentsForex, commodities, indices, stocks, cryptocurrencies
Demo Account✅
Leverage/
Spread/
Trading PlatformsWeb-based platform
Minimum DepositEUR 250
Customer SupportTel: +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 assetsNon-functional website
Demo accountsLack of transparency
No regulation
Maintenance fee charged
No MT4/5
High minimum deposit
Only crypto payments supported
Withdrawal fee charged

Is BITEX TRADER Legit?

No license

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.

Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web-based platform✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web-based platform

Deposit and Withdrawal

The only real funding method available with BITEX TRADER is through cryptocurrencies of Bitcoin, Ethereum and Litecoin.

The minimum initial deposit requirement is said to be $250.

The minimum withdrawal amount is $50, but there is a fixed commission of $30 per transfer.

The withdrawal processing is said to be 3 within business days, but if the period has passed, a new request must be submitted.

Deposit and Withdrawal
BrokerCommissionDealerCryptocurrencyBitcoinEthereumdemo accountsWebTrader

Related broker

No Regulation
BITEX TRADER
Company name:BITEX TRADER
Score
1.51
Website:https://bitextrader.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.51

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