When you land on the website of this broker, you notice a lot of issues. First of all, you can see that the broker has a strong connection with China. So, when you have these sudden spots on the website where you can take glimpses of Chinese, you can’t wrap your head around the whole thing. More and more new brokers are realizing that a web trader solves a lot of their and traders’ problems.
- The first thing you expect from your online broker is commitment to its work.
- But why does the broker have to take money from you in two different forms?
- It’s the fact that you will have to give 50% of whatever profits you make on your account back to the broker.
Why BitXTrade Is a Weak Broker
- In some cases, things seem in the favor of the trader.
- There are no real facts that would confirm the legal part of the project and real reliability.
- You have to deal with the same spreads when you sign up with the MAM account.
- There are not so many active clients and there is no multi-million dollar turnover.
- Everything seems to fit with the legend that the company has been operating for a long time.
- It is best not to get involved with this project, so as not to lose your savings.
These differences in accounts types from the broker can be startling for some. Well, that’s because there is such a huge difference between what you get with those accounts. In some cases, things seem in the favor of the trader. At other times, you feel as though the broker is trying to rip off the trader. If you go with the standard account, you do not pay any commission and your spreads can be as low as 1pip (that’s not low by the way). When you sign up with an online broker, you are putting your trust in it.
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BitXTrade (bitxtrades.com) is a European brokerage platform that has been successfully operating since 2018. Project managers promise that earnings will be like in a simple online game. Project participants can even get a stable profit even without much experience in trading. The main thing is to entrust the project with your money. A site like this can easily convince a newbie to start investing their money.
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For example, you do not have to offer six different trading platforms to your traders when you have a web trader. In addition to that, based on how big the broker claims to be, you would expect it to offer its own trading platform. You have to deal with the same spreads when you sign up with the MAM account. It’s the fact that you will have to give 50% of whatever profits you make on your account back to the broker.
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Yes, they do offer you some good leverages on your trades, but you hardly ever find them going overboard with the whole thing. On the other hand, with small and new brokers, you usually see them offering extraordinarily huge leverages. Not to mention, it puts the trader in a lot of danger as well. The website should be either completely in Chinese or English. A lot Chinese on the website has been used in images, so there is no way for you to translate it either.
bitxtrade
Also, the statistics of the project itself is a blatant lie. There are not so many active clients and there is no multi-million dollar turnover. The beautiful figures of the project make beginners believe in reliability and the possibility of making quick money.
In addition to that, you will find a lot of basic spelling errors in the content written on the website. Can you trust a broker that has stepped into the world of trading with such a lose grip on its own content and website? If you check the BitXTrade domain, it turns out that it was registered in 2018. Everything seems to fit with the legend that the company has been operating for a long time. Only a check of the web archive confirmed that the domain was on sale until the end of 2021.
Belonged to a real company that is not related to brokerage. BitXTrade guarantees reliability and transparent operation. Everyone will be able to receive a guaranteed payment. Representatives of the broker will always help beginners quickly get used to trading. To become a BitXTrade client, you need to go through a simple registration on the official website and fund your account. However, creating a trading platform is not an easy affair.
The broker has to spend hundreds of thousands of dollars to get the perfect trading platform that suits its target audience. However, it seems that BitXTrade has not done anything special in this department so far. This broker does a lot of things in a way they should not be done. The overall lack of professionalism on the website and in its offerings makes it one of the weakest online brokers on the internet. Check if Bitxtrade.online is detected by APIVoid service An online business that handle payments and sensitive user information must use HTTPS.
You know that the broker will take care of your account, money, and information while you busy yourself in learning how to trade. And if you make the mistake of opening an account with such a broker, you will only regret for life. There are some brokers on the internet that showcase a lot of non-professionalism. They might have some great strengths as well, but their non-professionalism mars that image badly. Summing up the results of a full check of the BitXTrade pseudo-broker site, we can say that this is another dummy.
We open the register of legal entities in Switzerland and it turns out that BitXTrade does not exist at all. Participants are told that as many as 6 regulators have issued their licenses. Most of them are European, which also have open registries. This fact confirms that the scammers also invented licenses.
Unfortunately, there is no way to get the money back, even legally. In fact, there bitxtrade is not even a company that can be sued. Therefore, now false lawyers are deceiving people, promising to return money from this brokerage company. It is stated that BitXTrade is registered in Switzerland. However, there are no registration numbers or documents on the site.
