If you are looking to read Bidaskbit reviews, you are in the right place. Is the Bidaskbit.com platform a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Bidaskbit FX
Bidaskbit FX otherwise known as Bidaskbit.com is an offshore brokerage operated by ACE HOLDINGS LIMITED with a lot of promises for forex traders. The forex company is a complete anonymous broker operating with no registered address.
What is more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Is Bidaskbit.com a Scam Forex Broker?
First of, Bidaskbit.com has not revealed any registration address or contact number for clients to know the financial regulator the forex broker is responsible to.
Bidaskbit doesn’t provide any ownership information and it’s completely unregulated. Terms and conditions are a mystery, therefore it’s a big NO for this company.
Furthermore, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with unlicensed broker lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Bidaskbit Minimum Deposit for Traders
The broker Bidaskbit FX does not specify its minimum deposit. In comparison, legitimate brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to Bidaskbit FX funding methods, it showcases different cryptocurrencies deposit for clients to invest through which is untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Bidaskbit Trading Software — Is It Safe?
Bidaskbit FX offers a basic web trading platform that doesn’t feature extensive customization options or advanced functionality.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Bidaskbit FX offers leverage as high as 1:500 on forex majors. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Bidaskbit Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Bidaskbit FX is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
Bidaskbit FX claims to appear like a genuine trading broker, however, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. From all indications, we advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers.
Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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