BTT Token holders get access to many benefits, including discounts on trading, listing, and withdrawal fees, as well as rewards for participating in staking and referral programs. The BTT Token is the native cryptocurrency of the ByTrade Ecosystem built-in BEP20 Blockchain. BTT Token will play a significant role in the BTT ecosystem and boost a high volume of trading within the metaverse.
- The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
- There is usually a link that you can click on the registration form that takes you to the Terms and Conditions page.
- First, to be able to offer financial services in the UK, a company needs to be registered with the FCA (Financial Conduct Authority).
- After this, they launch a new domain address and start the process all over again.
- When we opened a new account with this broker to check the trading conditions and the type of platform, we found out that there was no platform.
While we were doing research about this company’s registration and regulation status, we dug up some even more disturbing information about this broker. Second, the fact that this broker has used another company’s registration as its own, thereby proving that what we have here is a scammer that is using another company’s data as their own. At the same time, the company also states that it is incorporated in the UK – and presents us with a certificate to prove it.
Bitcoin Only Payment Method
Legitimate brokers, on the other hand offer their clients the MT4 trading software, which has a range of features that make trading much less hassle-free and more efficient. You also get market indicators and charting tools to analyze the market trends better. If you trade with bitxtrade, then the only way you can make deposits and withdrawals is through Bitcoin. This is a tactic that is adopted by serial scammers who try to rake in as many deposits as they can before the scam is noticed. After this, they launch a new domain address and start the process all over again.
Extremely High Minimum Deposit
EToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. When we opened a new account with this broker to check the trading conditions and the type of platform, we found out that there was no platform. In its place was a rudimentary dashboard where the only thing you could do was make deposits in Bitcoin.
bitxtrade
First, to be able to offer financial services in the UK, a company needs to be registered with the FCA (Financial Conduct Authority). Therefore, we can safely say that this broker is unregulated and thus operating outside the law. https://cryptolisting.org/ offers its clients 4 different types of trading accounts – the Starter Plan, the Premium Plan, the Delux Plan, and the Exclusive Plan. However, the only piece of information we have about the 4 account types is that minimum deposit requirement for the Starter Plan is $1,000. You are required to make a minimum deposit of $1,000, which is completely ridiculous, since the industry average is just between $100 and $250. In fact, there are many reputed brokers that require you to only deposit $5 to start trading.
The broker also provides a registration number from the UK’s official register of businesses, the Companies House. Therefore, if you do register with this broker, you are basically agreeing to any conditions that they have placed – without knowing what they are. Before you finally register with a new broker, you are asked to go through the Terms and Conditions that broker has put in place. There is usually a link that you can click on the registration form that takes you to the Terms and Conditions page. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
There are seriously no advantages you will get from trading with BitXTrade.
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