Big Bit Market-Overview of Minimum Deposit, Spreads & Leverage

General Information

Big Bit Market presents itself as an Australian-registered brokerage but does disclose its physical address. This broker claims that it is serving both retail as well as institutional clients around the globe, offering CFDs on FX, Indices, Stocks, Crypto, and Commodities through six tailored trading accounts.

Markets Instruments

With Big Bit Market, traders can get access to an extensive range of trading instruments including foreign exchange, indices, stocks, Cryptocurrencies, and Commodities.

Account Types

It is possible to open five types of trading accounts on BigBitMarket: Trial, Passive Income, Portfolio Management, Retirement, and Heritage, with minimum initial deposits ranging between 250 USD and 250,000 USD.

Leverage

For different account types, the leverage level can vary from 1:100 to 1:400. These levels do not exist with regulated brokers. By utilizing high leverage, you have the potential to make more significant profits, but you also increase the risk of sudden and excessive losses.

Trading Platforms Available

On Big Bit Market, you will find a simplified website layout, as can be seen on imitation broker websites. While the platform supports placing orders, customizing charts, and applying technical indicators, it does not have the more advanced features found on the most widely used trading platforms in the industry, like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Deposit and Withdrawal

On the website, the FAQ section states that credit cards, wire transfers, and e-wallets are accepted as payment methods. However, once you have registered and accessed the customer portal, it becomes obvious that in order to make a deposit, you have to contact customer support.

Customer Support

You can contact Big Bit Market's customer support by phone, email, and online chat. It can be reached at +611800948050 (Australia), +448082387550 (United Kingdom), Monday through Friday 9 a.m. to 13 p.m. GMT. Email support at suppport@bigbitmarket.com. Live chat is available Monday through Friday, 07:00 to 14:00 GMT.