Uncertain about bit-n-coins.com platform? Is Bit&Coins a safe broker? Let’s read reviews to know about this forex broker.

This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

Bit&Coins Forex Broker

Bit&Coins FX otherwise known as bit-n-coins.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

The broker is completely anonymous. It has not revealed any legal information about itself or its alleged registration address.

Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

Is bit-n-coins.com a Scam Forex Broker?

First of, Bit&Coins has not revealed any legal information about itself or its alleged registration address. The absence of any credible data about this broker’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.

There’s no corporate background, so this page happens to be virtually anonymous.

Next, Bit&Coins claims to be regulated by a fictitious regulatory body – The Global Financial Authority (GFA). This may sound appealing for newbie traders but not to the professionals. All we see is a broker trying  make its fraudulent operations look legitimate.

Again, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

Remember that reputable brokers would never hide such essential details, just the opposite – they always display all the data regarding their identity and regulation straight away.

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

Does Bit&Coins Have Account Types?

Bit&Coins specifies its trading account such as Basic, Advanced, Expert and Prestige. According to the account descriptions, the broker offers a leverage capped 1:500 and 5 pips.

Bit &Coins minimum deposit is specified as $250. In comparison to that, some legitimate brokers can offer you a deposit as low as $100 with the assurance of their clients trading funds.

Bit & Coins accepts a variety of payment methods, including most major credit and debit cards such as VISA, MasterCard, and Maestro. They also accept e-wallets and  bank/wire transfers as well as local bank transfers.

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!

Bit & Coins Provides What Trading Software?

Bit & Coins claims to offer web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.

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.

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.

Bit & Coins 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 bit-n-coins.com 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

Conclusion:

Bit & Coins broker appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.

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