FxBitCapital Review 2025
-
Updated:
Reason to avoid: Offshore license
Listed Date: January 30, 2024
Top 3 Forex Brokers
Beware FxBitCapital is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: January 30, 2024
Beware FxBitCapital is a Non-Regulated Broker. It is NOT SAFE to trade
No, FxBitCapital cannot be considered a trustworthy broker due to its absence of a top-tier license from a prominent regulatory body. The firm operates under FXBitCapital Group Ltd and is registered in St. Vincent and the Grenadines. However, the jurisdiction does not provide a high level of regulatory oversight and protection.
🏢 Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore |
🛡️ Is FxBitCapital safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
FxBitCapital offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. FXBitCapital provides a range of account types, trading software, and tools designed to enable both individual and institutional customers to engage in online Forex and Derivatives trading. The broker enables trading with MT4 through Android, and MT4 iPhone. Also, offers PAMM and MAM Programs. With FxBitCapital traders have access to tight spreads from as low as 0.1* (EURUSD), flexible leverage up to 1:500, EAs, Scalping, and Hedging.
Through in-depth research, we have uncovered significant information about FxBitCapital that can assist clients in making well-informed decisions:
Our research has revealed significant concerns about FxBitCapital's reliability and its compliance with regulatory standards. As a result, we cannot provide a favorable rating for FxBitCapital.
Ranking | FxBitCapital | XM | Eightcap |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Education | Trading Conditions |
Given the safety concerns surrounding FxBitCapital, we strongly advise considering alternative options that prioritize stringent regulations and enhanced trading conditions. Below, you will find a list of reputable brokers that provide reliable choices and a secure trading environment for your consideration:
FxBitCapital offers clients multiple methods to fund their accounts: bitcoin, litecoin, Ethereum, and tether. The minimum deposit with the broker is $5.
FxBitCapital provides 6 distinct account types tailored to meet the specific needs of various traders: Classic Account, Pro Account, VIP Account, PAMM Account, MAM Account, and FxBitCopy Account.
Based on the information we have gathered about FxBitCapital, it is apparent that this broker does present appealing advantages, offering favorable features and trading conditions. Nevertheless, it is crucial to acknowledge significant concerns regarding the broker's trustworthiness and credibility. The fact that FxBitCapital is registered in an offshore jurisdiction (St. Vincent and the Grenadines) raises substantial concerns. Consequently, traders are strongly advised to exercise caution when considering this broker as their choice.
Traders should give preference to brokers that are licensed by reputable authorities such as FCA, ASIC, or CySEC. Many regulated brokers offer favorable terms and conditions that align with the standards set by top-tier regulations, ensuring a safer and more secure trading environment. Some of the options are Fortrade, HFM, and Interactive Brokers.
No review found...
No news available.