Bitvestment Review – Is it Scam? – Online Broker
Introduction
Bitvestment is an online broker that offers trading services in various markets, including forex, stocks, commodities, and indices. The platform enables users to trade using various trading tools, indicators, and strategies. In this review, we will examine Bitvestment's features, pros and cons, customer support, account opening process, deposit and withdrawal methods, educational resources, trading strategies, and regulation and safety. The purpose of this review is to help current and potential users make informed decisions about using Bitvestment as a trading platform.
Background Information
Bitvestment was founded in 2018 and is headquartered in Belize. The broker is regulated by the International Financial Services Commission (IFSC) of Belize. Bitvestment has received several awards and recognitions, including the Best Investment Broker in 2020. The platform has attracted a global clientele due to its user-friendly interface, competitive fees, and security measures.
Bitvestment Features
Trading Platforms
Bitvestment offers two primary trading platforms: MetaTrader 4 (MT4) and WebTrader. MT4 is a popular trading platform that enables users to execute trades, perform technical analysis, and use automated trading systems. WebTrader is a web-based platform that enables users to trade from any device with an internet connection.
Account Types
Bitvestment offers four account types: Basic, Silver, Gold, and Platinum. The account types differ in terms of leverage, commission, and spreads. The Basic account has a minimum deposit of $250, while the Platinum account has a minimum deposit of $50,000.
Assets and Markets Available
Bitvestment offers trading in various markets, including forex, stocks, commodities, and indices. The platform offers over 300 assets, including major currency pairs, popular stocks, and commodities such as gold and oil.
Leverage and Margin Requirements
Bitvestment offers leverage of up to 1:400 for forex trading and a margin requirement of 0.25%. The margin requirement for stocks and commodities varies based on the asset.
Fees and Commissions
Bitvestment charges competitive fees and commissions. The platform charges spreads on trades, which vary based on the asset and account type. The broker charges a commission of $7 per lot for forex trades and $14 per lot for gold and silver trades.
Security Measures
Bitvestment uses state-of-the-art security measures to protect user data and funds. The platform uses SSL encryption to secure user data and two-factor authentication to prevent unauthorized access to user accounts. Bitvestment also stores user funds in segregated accounts to ensure the safety of funds.
Bitvestment Review – Pros and Cons
Advantages of Bitvestment
User-friendly platform
Bitvestment's platform is easy to use, even for novice traders. The platform offers various trading tools, including technical indicators, to help users execute trades effectively.
Wide range of assets and markets
Bitvestment offers a wide range of assets and markets, including forex, stocks, and commodities. The platform also offers over 300 assets, giving users a diverse range of options to choose from.
Competitive fees and commissions
Bitvestment's fees and commissions are competitive compared to other online brokers. The platform charges spreads on trades, which are low compared to other brokers. The commission charged on trades is also reasonable.
Strong security measures
Bitvestment uses strong security measures, including SSL encryption and two-factor authentication, to ensure the safety of user data and funds. The platform also stores user funds in segregated accounts to protect them from fraud or theft.
Disadvantages of Bitvestment
Limited educational resources
Bitvestment offers limited educational resources, which may be a disadvantage for novice traders who need guidance on trading strategies and risk management.
No demo account
Bitvestment does not offer a demo account, which may be a disadvantage for users who want to practice trading strategies before investing real money.
No cryptocurrency trading
Bitvestment does not offer cryptocurrency trading, which may be a disadvantage for users who want to trade cryptocurrencies.
Bitvestment Customer Support
Contact options
Bitvestment offers various contact options, including email, phone, and live chat.
Availability
Bitvestment's customer support is available 24/5, Monday to Friday.
Response time
Bitvestment's customer support responds promptly to user queries, with an average response time of under 24 hours.
Languages supported
Bitvestment offers customer support in English, Spanish, German, and French.
Customer service quality
Bitvestment's customer service quality is excellent, with friendly and knowledgeable representatives who are willing to assist users with their queries.
Bitvestment Account Opening Process
Requirements
To open an account on Bitvestment, users need to provide personal information, including their name, email address, phone number, and country of residence.
Process
The account opening process on Bitvestment is straightforward and can be completed in a few minutes. Users need to provide their personal information and choose an account type before making a deposit.
Verification
Bitvestment requires users to verify their identity before trading using the platform. Users need to provide a valid government-issued ID and proof of address.
Timeframe
The verification process on Bitvestment takes less than 24 hours, after which users can start trading on the platform.
Bitvestment Deposit and Withdrawal Methods
Payment methods available
Bitvestment offers various payment methods, including credit/debit cards, bank transfers, and e-wallets.
Deposit fees and processing time
Bitvestment does not charge deposit fees, and the processing time for deposits varies based on the payment method. Deposits made using credit/debit cards and e-wallets are processed instantly, while bank transfers may take up to five business days.
Withdrawal fees and processing time
Bitvestment charges withdrawal fees, which vary based on the payment method and account type. The processing time for withdrawals also varies based on the payment method. Withdrawals made using credit/debit cards and e-wallets are processed within 24 hours, while bank transfers may take up to five business days.
Minimum and maximum deposit/withdrawal amounts
The minimum deposit amount on Bitvestment is $250, while the maximum deposit amount varies based on the payment method and account type. The minimum withdrawal amount is $50, while the maximum withdrawal amount varies based on the payment method and account type.
Currency options
Bitvestment offers various currency options for deposits and withdrawals, including USD, EUR, GBP, and JPY.
Bitvestment Educational Resources
Trading academy
Bitvestment offers a trading academy that provides users with educational resources, including videos, e-books, and articles. The academy covers various topics, including trading strategies, risk management, and technical analysis.
Webinars and seminars
Bitvestment also offers webinars and seminars to help users learn about trading strategies and market analysis. The webinars and seminars are conducted by industry experts and cover various topics.
E-books and articles
Bitvestment provides users with e-books and articles that cover various trading topics, including trading psychology, fundamental analysis, and technical analysis.
Glossary
Bitvestment's glossary provides users with a comprehensive list of trading terms and definitions.
Market analysis and news
Bitvestment provides users with daily market analysis and news to help them make informed trading decisions.
Bitvestment Trading Strategies
Types of trading strategies
Bitvestment supports various trading strategies, including scalping, day trading, swing trading, and position trading.
How to apply them on Bitvestment
Users can apply trading strategies on Bitvestment by using the various trading tools and indicators available on the platform. The platform also supports automated trading systems, which can execute trades automatically based on predefined conditions.
Risk management techniques
Bitvestment provides users with risk management techniques, including stop-loss orders and take-profit orders, to help them manage their risk exposure.
Tips and tricks for successful trading
Bitvestment provides users with tips and tricks for successful trading, including the importance of discipline, risk management, and emotional control.
Bitvestment Regulation and Safety
Regulatory bodies overseeing Bitvestment
Bitvestment is regulated by the International Financial Services Commission (IFSC) of Belize.
Safety measures in place
Bitvestment uses SSL encryption and two-factor authentication to ensure the safety of user data and funds. The platform also stores user funds in segregated accounts to protect them from fraud or theft.
Insurance coverage
Bitvestment does not offer insurance coverage for user funds.
Client fund protection
Bitvestment stores user funds in segregated accounts, which protects them from fraud or theft. If Bitvestment were to face financial difficulties, user funds would still be protected.
FAQ
What is Bitvestment?
Bitvestment is an online broker that offers trading services in various markets, including forex, stocks, commodities, and indices.
Is Bitvestment a regulated broker?
Yes, Bitvestment is regulated by the International Financial Services Commission (IFSC) of Belize.
What trading platforms are available on Bitvestment?
Bitvestment offers two primary trading platforms: MetaTrader 4 (MT4) and WebTrader.
What are the fees and commissions on Bitvestment?
Bitvestment charges spreads on trades, which vary based on the asset and account type. The broker charges a commission of $7 per lot for forex trades and $14 per lot for gold and silver trades.
What payment methods can I use to deposit and withdraw funds?
Bitvestment offers various payment methods, including credit/debit cards, bank transfers, and e-wallets.
What is the minimum deposit amount on Bitvestment?
The minimum deposit amount on Bitvestment is $250.
Is there a demo account available on Bitvestment?
No, Bitvestment does not offer a demo account.
What customer support options does Bitvestment offer?
Bitvestment offers various contact options, including email, phone