Like other brokers, I’ve worked with a variety of trading platforms. Given how tough it is to make the proper judgment when it comes to trading, I decided to write a review on a platform that I fully trust and have been using for the longest time in my trading venture. That platform is none other than Bitteks. However, I understand that when it comes to finding an online trading platform, one component of the problem is that there are too many choices available.
Online trading platforms have grown quite popular in recent years. This has a lot to do with the size of the global economy. So, when I started taking an interest in the trading world, I needed to choose a platform that would assist me in growing my trade company. I knew that lack of knowledge would suffocate growth in the trade sector. For this purpose, I made sure that I go through as many reviews of a particular platform that I am interested in to eliminate the risk as much as I can.
During my research, I examined a variety of trading platforms that claimed to provide competent services. As I said earlier, I contemplated reading reviews before doing anything else to understand more about platforms and their features. This was when I understood that not all websites are capable of delivering on their claims. Their administrative highlights, on the whole, did not match expectations. I recognized how critical direct interactions are in defining trade criteria for traders when reading these evaluations.
However, Bitteks was the trading platform that I was most excited to discover. In my opinion, the most acceptable evaluations are those that are impartial in their appraisal. Future clients will be able to make an informed selection based on the findings. So, let’s quickly begin with the review.
Bitteks does an excellent job of providing me with a diverse range of asset possibilities in which to invest. While they are primarily focused on forex trading and provide a variety of forex currency sets, they also offer various other markets such as CFD trading, Cryptocurrencies, Stocks, Commodities, and Indices. In addition, they also provide Forex options trading through their options trading service on their platform.
I discovered an astonishing amount of extension inside these markets, with many assets available to trade in significant corporations from across the world. If you’re interested in crypto trading, there are currently 13 crypto assets available for trading with substantial monetary forms or other cryptos. Bitteks allows traders to sell over 200 different assets. This provides a good selection of assets to a wide variety of brokers. Furthermore, if you live in the United Kingdom or Ireland, you can use the agent to participate in spread wagering.
Bitteks encourages commission-free trading across all of their available account types. This is made feasible because they are a market producer dealer who essentially does their internal market estimating and acts as a trading partner. However, I saw that this goes against the advice of certain representatives, who advocate for direct market access with low or no spread save for coercive commission.
Bitteks starts at a severe level, no matter how you look at it. When trading large markets, such as the EUR/USD forex market, you should expect spreads to start at 0.9 pips. This can be reduced even further if you create a professional trading account which the intermediary offers. The spreads for these dealers start at fewer pips, but these accounts have a variety of requirements and are, for the most part, open to all traders.
Bitteks’ fees are fair in general, and they do an excellent job of limiting them, as one might assume. I didn’t have to pay for deposits or withdrawals unless I used a wire transfer or traded unsupported base money. Similarly, none of the CFD brokers charge for insignificant details. The pricing on this site is relatively straightforward and obvious.
Safety And Ease Of Use:
Fast registration, 18+ security, as well as permitting and guidelines are all included. Bitteks and his broker accounts are kept separate from an isolated account with a reputable worldwide bank. This ensures that traders’ funds will stay safe, regardless of what happens with Bitteks. Any concerns concerning safety should indeed be directed to customer service.
Bitteks facilitates switching between shares, Forex, indices, crypto, CFDs, goods, trading gadgets, Education, security, and various administrations a breeze. The registration process is straightforward to complete and authorize, with the drawback that the platform is only available in English. Bitteks’ client care teams were functional 24 hours a day, seven days a week, which made trading with Bitteks much more convenient. The trading platform is available on Android and iOS, and any trader may utilize it quickly and easily. The Education resources are elementary to find and are entirely free for dealers. Exploring the most recent market news and trading with precision is a breeze with Bitteks.
On the site, Bitteks also provides specialist analysis and research tools. I noticed that these highlights are adjustable enough to benefit both experienced and novice traders. In addition, the contribution includes extensive market data over a wide range of products, as well.
These instruments may also be used to analyze real-time pricing. As a result, trends may be identified and highlighted. While other forex intermediaries may have better research tools, I believe the chart at Bitteks will fit most brokers, regardless of their market participation level. However, I didn’t find the backdrop of the platform to be very appealing, especially when it came to using the chart. The dark theme made it quite hard for me to focus on the chart.
The platform is available 24 hours a day, seven days a week; however, markets may only be public to trade when the asset’s primary markets are open. As a result, US stocks may be available when US markets, such as Wall Street, are open. Because there is always at least one market open somewhere on the earth, Forex is available 24 hours a day, seven days a week.
Where markets are open, end-of-week trading is possible. Therefore Forex opens on Sunday, and the Australian and Asian markets open the week. The most significant part is that if I wanted to know if a particular asset’s trading hour was accessible, all I had to do was go to the platform’s Asset Index page, which lists everything about the asset’s trading hour and expiration.
On This Platform, How Are You Safeguarded?
Because Bitteks’ license suggests that it complies with all of the severe administrative requirements, my assets and personal information were kept relatively safe since the representative completely separates assets from Bitteks’ assets.
How To Open An Account:
- Bitteks Sign In is located at the top of the main page.
- Fill in your information, such as your first and last names, your country of residence, your email address, and your phone number.
- Choose an account type.
- Upload your identification proof to verify your account. A residency confirmation, a copy of your ID, and other documents may be required.
- Following the enactment and approval of an account, you may proceed with the money deposit.
Deposits and Withdrawals:
Bitteks made the funding approaches incredibly simple and quick to complete, with various funding alternatives that will assist you in finding an acceptable money transfer provider. My withdrawals were always on time and never late, so I never had to be concerned.
To fund an account or send money to it, I had to choose from one of the following options, which may vary depending on your country of origin. Bitteks is also quite speedy with their deposit procedure, stating that money will be available in your account within 2 hours, allowing you to start trading right away.
I wish the site supported PayPal and other deposit options. Unfortunately, it’s one area where the platform falls short. Although the alternatives are limited, the service is excellent and quick.
- Bank Transfer
Bitteks’ accounting staff processes and confirms withdrawals within two business days from when you submit and confirm the order to withdraw money from your account. I used this service and was astounded at how well they followed through and ensured everything went well while keeping the client informed about their transactions. However, you should always speak with customer service and confirm facts since different purviews may apply somewhat different principles. Allow a few days for the payment provider to process the transaction, subject to specific global or provider protocols.
My Overall Experience:
Overall, I found Bitteks to be a good specialty choice in my Bitteks review. They are structured by several reputable organizations to provide a safe trading environment, keeps trade prices as low as possible over a wide range of available marketplaces, and offer good customer service that may assist you in expanding your knowledge and talents.
Bitteks is a very balanced choice if you are looking for a large forex broker with a positive, long-standing reputation who also offers fantastic price and far-reaching assistance, regardless of whether you are a sparkling new or more seasoned broker in the company.
Disclaimer: This review is written from my own experience and my self-knowledge only, not a recommendation.