WikiFX Broker Assessment Series | BizzTrade Ltd: Is It Trustworthy?

Background:

Registered in the United Kingdom, BizzTrade Ltd (BizzTrade) operates as an online brokerage specializing in the trading of exchange-traded CFDs.

BizzTrade offers a diverse range of tradable assets, including currency pairs, precious metals, cryptocurrencies, stock indices, and commodities.

Types of Accounts:

BizzTrades official website does not display multiple account options, leading to the conclusion that BizzTrade likely offers only one type of trading account by default.

Deposits and Withdrawals:

BizzTrade strives to process client deposit and withdrawal requests promptly. These options are available only within the client login portal.

Trading Platforms:

BizzTrade provides MetaTrader 5 (MT5) as its sole trading platform. MT5, available on PC, mobile, and web, is renowned for its technological sophistication, offering depth-of-market access and various advanced solutions. It features buy and sell flexibility with six types of pending orders, 38 technical indicators, 44 analytical objects, and 21 timeframes, delivering a customizable platform with numerous online tools for integration. Additionally, MT5 supports quick order execution, an economic calendar for tracking global macroeconomic news, one-click trading, mobile trading capabilities, and intuitive market search and grouping functionality, contributing to a comprehensive and user-friendly trading experience.

Research and Education:

Upon reviewing BizzTrades website, there is no indication of research and educational resources provided by the broker.

Customer Service:

BizzTrade offers 24/7 customer support in multiple languages, including English, French, Thai, Italian, Vietnamese, Chinese, and more. Clients can reach BizzTrade via email at support@bizzltd.com.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has assigned BizzTrade a WikiScore of 5.44 out of 10.

Upon examining BizzTrade‘s license, WikiFX found that the broker is regulated by the United Kingdom’s Financial Conduct Authority (FCA). WikiFX has also validated the legitimacy of the said license.